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BrightSpire Capital (BrightSpire Capital) EBIT : $-40.4 Mil (TTM As of Mar. 2024)


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What is BrightSpire Capital EBIT?

BrightSpire Capital's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-50.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-40.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BrightSpire Capital's annualized ROC % for the quarter that ended in Mar. 2024 was -5.77%. BrightSpire Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -838.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BrightSpire Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.26%.


BrightSpire Capital EBIT Historical Data

The historical data trend for BrightSpire Capital's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BrightSpire Capital EBIT Chart

BrightSpire Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -441.00 -202.45 65.09 77.92 2.30

BrightSpire Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.36 -0.42 19.38 -9.31 -50.07

Competitive Comparison of BrightSpire Capital's EBIT

For the REIT - Mortgage subindustry, BrightSpire Capital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BrightSpire Capital's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BrightSpire Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BrightSpire Capital's EV-to-EBIT falls into.



BrightSpire Capital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-40.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BrightSpire Capital  (NYSE:BRSP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BrightSpire Capital's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-211.524 * ( 1 - -0.44% )/( (3773.065 + 3585.088)/ 2 )
=-212.4547056/3679.0765
=-5.77 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4198.254 - 167.683 - ( 257.506 - max(0, 174.902 - 3300.252+257.506))
=3773.065

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3946.546 - 139.953 - ( 221.505 - max(0, 1178.326 - 3070.739+221.505))
=3585.088

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

BrightSpire Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-200.292/( ( (22.094 + max(-9.268, 0)) + (25.705 + max(-1.5479999999999, 0)) )/ 2 )
=-200.292/( ( 22.094 + 25.705 )/ 2 )
=-200.292/23.8995
=-838.06 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.451 + 0 + 124.183) - (167.683 + 7.219 + 0)
=-9.268

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.922 + 0 + 104.34) - (139.953 + 6.857 + 0)
=-1.5479999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

BrightSpire Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-40.418/3208.547
=-1.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BrightSpire Capital EBIT Related Terms

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BrightSpire Capital (BrightSpire Capital) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, 33rd Floor, New York, NY, USA, 10022
BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans. The operating segment of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, CRE Debt Securities and Corporate. Geographically, the company generates revenue from the United States.
Executives
Catherine Rice director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David A Palame officer: General Counsel and Secretary 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Andrew Elmore Witt officer: Interim CEO and President 515 SOUTH FLOWER STREET 44TH FLOOR, LOS ANGELES CA 90071
Frank V Saracino officer: Chief Accounting Officer 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Michael Mazzei officer: CEO and President 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Catherine F. Long director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Kim S Diamond director C/O BRIGHTSPIRE CAPITAL, INC., 590 MADISON AVENUE, 33RD FLOOR, NEW YORK NY 10022
Clnc Manager, Llc 10 percent owner 515 SOUTH FLOWER STREET, 44TH FLOOR, LOS ANGELES CA 90071
Nrf Holdco, Llc 10 percent owner 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Nrf Red Reit Corp. 10 percent owner C/O?NORTHSTAR?REALTY?FINANCE?CORP., PARK?AVENUE,?18TH?FLOOR, NEW YORK NY 10022
Digitalbridge Operating Company, Llc 10 percent owner 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Digitalbridge Group, Inc. 10 percent owner 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Mark M. Hedstrom director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Kevin P. Traenkle director, officer: Chief Executive Officer C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Neale Redington officer: Chief Accounting Officer C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071