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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
BrightSpire Capital's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for BrightSpire Capital's 3-Year ROIIC % or its related term are showing as below:
BRSP's 3-Year ROIIC % is ranked worse than 55.72% of 691
companies
in the REITs industry
Industry Median: 3.59
vs BRSP: 2.72
BrightSpire Capital (NYSE:BRSP) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
BrightSpire Capital 3-Year ROIIC % Related Terms
BrightSpire Capital 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for BrightSpire Capital's 3-Year ROIIC % 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.
BRSP vs IVR, TRTX, FBRT: 3-Year ROIIC % Comparison
For the REIT - Mortgage subindustry, BrightSpire Capital's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, BrightSpire Capital's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BrightSpire Capital's 3-Year ROIIC % falls into.
BrightSpire Capital's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 19.3005024 (Dec. 2025) - 44.40744 (Dec. 2022) )
/
( 3363.142 (Dec. 2025) - 4286.272 (Dec. 2022) )
=
-25.1069376
/
-923.13
=
2.72%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
BrightSpire Capital (BRSP) has a 3-Year ROIIC % of 2.72 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on BrightSpire Capital and its competitors. According to the industry distribution chart, BrightSpire Capital ranks #385 out of 691 companies in the REITs industry, placing it in the top 55.7%.
Is BrightSpire Capital's 3-Year ROIIC % too high?
BrightSpire Capital's current 3-Year ROIIC % is 2.72. The REITs industry median 3-Year ROIIC % is 3.59. BrightSpire Capital's value of 2.72 is 24.2% below this industry median. Based on the distribution chart, BrightSpire Capital ranks #385 out of 691 companies in the REITs industry, which is below the industry midpoint. Overall, BrightSpire Capital has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BrightSpire Capital's 3-Year ROIIC % compare to IVR and TRTX?
According to the REITs industry distribution chart, BrightSpire Capital ranks #385 out of 691 companies for 3-Year ROIIC %. This places BrightSpire Capital in the lower half of its industry. The industry median 3-Year ROIIC % is 3.59. BrightSpire Capital's value of 2.72 is 24.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.59, based on 691 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BrightSpire Capital's current 3-Year ROIIC % of 2.72 is 24.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on BrightSpire Capital and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BrightSpire Capital's current 3-Year ROIIC % is 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BrightSpire Capital stock overvalued right now?
Based on GuruFocus' analysis, BrightSpire Capital (BRSP) is currently considered Fairly Valued. The stock's GF Value™ is $5.47, compared to a current price of $5.44 — trading 0.6% below its estimated fair value. The current 3-Year ROIIC % is 2.72 and 24.2% below the REITs industry median of 3.59. BrightSpire Capital's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For BrightSpire Capital (BRSP), the current 3-Year ROIIC % is 2.72 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BrightSpire Capital (BRSP) Overvalued in 2026?
Based on GuruFocus' analysis, BrightSpire Capital stock appears to be undervalued.
The current stock price of $5.44 is trading 0.6% below its estimated GF Value™ of $5.47.
GuruFocus considers BrightSpire Capital to be Fairly Valued.
Key valuation signals for BRSP:
3-Year ROIIC %: 2.72
GF Value™: $5.47 vs. price of $5.44 (0.6% below fair value)
Industry Position: 24.2% below the REITs median (#385 of 691)
No single metric tells the full story. See the BRSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 with the objective of generating consistent risk-adjusted returns. The operating segments of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, Corporate and Other. Geographically, the company generates revenue from the United States.
68GF Score
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