BrightSpire Capital, Inc. (BRSP) Q4 2025 Earnings Call Transcript

SA Transcripts158.47K FollowersFollow5ShareSaveCommentsQ4: 2026-02-17 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.15 misses by $0.01 | Revenue of $51.40M (10.25% Y/Y) misses by $15.25M BrightSpire Capital, Inc. (BRSP) Q4 2025 Earnings Call February 18, 2026 10:00 AM EST Company Participants David Palamé - Executive VP, General Counsel & SecretaryMichael Mazzei - CEO & DirectorAndrew Witt - President & COOFrank Saracino - Executive VP, CFO & TreasurerMatthew Heslin - MD, Chief Credit Officer & Head of Debt Capital Markets Conference Call Participants Gabriel Poggi - Raymond James & Associates, Inc., Research DivisionTimothy D'Agostino - B. Riley Securities, Inc., Research DivisionChristopher Muller - Citizens JMP Securities, LLC, Research DivisionGaurav Mehta - Alliance Global Partners, Research DivisionMatthew Erdner - JonesTrading Institutional Services, LLC, Research Division Presentation Operator Good day, and welcome to the BrightSpire Capital Fourth Quarter and Full Year 2025 Earnings Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. David Palame, General Counsel. Please go ahead, sir. David PalaméExecutive VP, General Counsel & Secretary Good morning, and welcome to BrightSpire Capital's Fourth Quarter and Full Year 2025 Earnings Conference Call. We will refer to BrightSpire Capital as BrightSpire, BRSP or the company throughout this call. Speaking on the call today are the company's Chief Executive Officer, Mike Mazzei; President and Chief Operating Officer, Andy Witt; and Chief Financial Officer, Frank Saracino. Before I hand the call over, please note that on this call, certain information presented contains forward-looking statements. These statements, which are based on management's current expectations, are subject to risks, uncertainties and assumptions. Potential risks and uncertainties could cause the company's business and financial results to differ materially. For a discussion of risks that could affect results, please see the Risk Factors section of our most recent 10-K and other risk factors and forward-looking statements in the company's current and periodic reports filed with the SEC from time to time.