2023 Q2 Form 10-Q Financial Statement

#000171754723000064 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $99.49M $110.3M $78.41M
YoY Change 16.54% 40.64% 1.37%
Cost Of Revenue $6.263M $6.687M $7.848M
YoY Change 0.24% -14.79% -55.55%
Gross Profit $93.23M $95.19M $80.83M
YoY Change -9.89% 17.77% 14.59%
Gross Profit Margin 93.7% 86.32% 103.08%
Selling, General & Admin $9.683M $9.120M $8.425M
YoY Change 12.8% 8.25% -33.11%
% of Gross Profit 10.39% 9.58% 10.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.941M $7.996M $8.594M
YoY Change -8.93% -6.96% -9.91%
% of Gross Profit 8.52% 8.4% 10.63%
Operating Expenses $49.55M $59.89M $20.30M
YoY Change 58.8% 194.98% 21.42%
Operating Profit $43.68M $35.30M $60.53M
YoY Change -39.55% -41.67% 12.46%
Interest Expense -$50.87M $42.66M $16.07M
YoY Change -337.09% 165.44% 28.63%
% of Operating Profit -116.46% 120.84% 26.55%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.188M -$12.87M $28.41M
YoY Change -120.48% -145.29% -130.28%
Income Tax $310.0K $390.0K $36.00K
% Of Pretax Income 0.13%
Net Earnings -$7.486M -$4.127M $27.72M
YoY Change -121.83% -114.89% -130.03%
Net Earnings / Revenue -7.52% -3.74% 35.36%
Basic Earnings Per Share -$0.06 -$0.03 $0.21
Diluted Earnings Per Share -$0.06 -$0.03 $0.21
COMMON SHARES
Basic Shares Outstanding 129.9M shares 128.9M shares 128.8M shares
Diluted Shares Outstanding 127.2M shares 126.7M shares 129.7M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $218.2M $313.5M $246.1M
YoY Change -31.34% 27.41% -42.82%
Cash & Equivalents $218.2M $313.5M $246.1M
Short-Term Investments
Other Short-Term Assets $21.64M $20.33M $30.57M
YoY Change -19.09% -33.49% 9.46%
Inventory
Prepaid Expenses
Receivables $53.48M $42.98M $60.13M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $293.3M $376.8M $336.8M
YoY Change -26.14% 11.9% -32.3%
LONG-TERM ASSETS
Property, Plant & Equipment $794.8M $738.9M $809.1M
YoY Change 3.39% -8.67% -6.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.790M $2.790M $16.20M
YoY Change -36.68% -82.78% -95.36%
Other Assets $103.6M $95.19M $102.3M
YoY Change -8.21% -6.95% -25.37%
Total Long-Term Assets $4.061B $4.227B $5.464B
YoY Change -25.38% -22.63% -3.87%
TOTAL ASSETS
Total Short-Term Assets $293.3M $376.8M $336.8M
Total Long-Term Assets $4.061B $4.227B $5.464B
Total Assets $4.355B $4.604B $5.801B
YoY Change -25.43% -20.63% -6.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.13M $8.358M $14.53M
YoY Change -5.26% -42.48% 16.6%
Accrued Expenses $32.70M $38.35M $42.15M
YoY Change -10.57% -9.02% -3.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $141.8M $138.7M $152.6M
YoY Change -7.98% -9.13% 38.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.855B $3.069B $4.099B
YoY Change -31.93% -25.13% -2.01%
Other Long-Term Liabilities $12.11M $16.75M $17.38M
YoY Change 0.98% -3.66% -18.03%
Total Long-Term Liabilities $2.867B $3.086B $4.117B
YoY Change -31.83% -25.03% -2.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $141.8M $138.7M $152.6M
Total Long-Term Liabilities $2.867B $3.086B $4.117B
Total Liabilities $3.033B $3.249B $4.305B
YoY Change -30.85% -24.51% -0.94%
SHAREHOLDERS EQUITY
Retained Earnings -$1.530B -$1.497B -$1.407B
YoY Change 9.41% 6.35% 5.07%
Common Stock $2.858B $2.854B $2.858B
YoY Change 0.22% -0.12% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.321B $1.353B $1.460B
YoY Change
Total Liabilities & Shareholders Equity $4.355B $4.604B $5.801B
YoY Change -25.43% -20.63% -6.16%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$7.486M -$4.127M $27.72M
YoY Change -121.83% -114.89% -130.03%
Depreciation, Depletion And Amortization $7.941M $7.996M $8.594M
YoY Change -8.93% -6.96% -9.91%
Cash From Operating Activities $23.08M $39.67M $32.36M
YoY Change 3.7% 22.61% 1849.22%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $128.3M $69.62M -$218.8M
YoY Change -895.72% -131.82% 470.78%
Cash From Investing Activities $128.3M $69.62M -$218.8M
YoY Change -895.72% -131.82% 470.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -242.0M -$114.4M $169.9M
YoY Change -427.29% -167.32% -1017.0%
NET CHANGE
Cash From Operating Activities 23.08M $39.67M $32.36M
Cash From Investing Activities 128.3M $69.62M -$218.8M
Cash From Financing Activities -242.0M -$114.4M $169.9M
Net Change In Cash -90.65M -$5.285M -$16.00M
YoY Change -213.21% -66.97% -69.04%
FREE CASH FLOW
Cash From Operating Activities $23.08M $39.67M $32.36M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Depreciation And Amortization
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CY2022Q1 us-gaap Depreciation And Amortization
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CY2023Q1 us-gaap Straight Line Rent
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CY2022Q1 us-gaap Straight Line Rent
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CY2023Q1 us-gaap Amortization Of Above And Below Market Leases
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CY2022Q1 us-gaap Amortization Of Above And Below Market Leases
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CY2023Q1 brsp Amortization Accretion Of Premium Discount And Fees On Investments And Borrowings Net
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CY2022Q1 brsp Amortization Accretion Of Premium Discount And Fees On Investments And Borrowings Net
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CY2023Q1 us-gaap Amortization Of Financing Costs
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CY2022Q1 us-gaap Amortization Of Financing Costs
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2327000 usd
CY2023Q1 brsp Operatingand Finance Lease Rightof Use Asset Liability Amortization
OperatingandFinanceLeaseRightofUseAssetLiabilityAmortization
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CY2022Q1 brsp Operatingand Finance Lease Rightof Use Asset Liability Amortization
OperatingandFinanceLeaseRightofUseAssetLiabilityAmortization
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CY2023Q1 brsp Paid In Kind Interest Added To Loan Principal Netof Interest Received
PaidInKindInterestAddedToLoanPrincipalNetofInterestReceived
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CY2022Q1 brsp Paid In Kind Interest Added To Loan Principal Netof Interest Received
PaidInKindInterestAddedToLoanPrincipalNetofInterestReceived
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CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2022Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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CY2023Q1 us-gaap Share Based Compensation
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2295000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1880000 usd
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1324000 usd
CY2022Q1 brsp Amortizationof Mortgage Notes Aboveand Below Market Value
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CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
159000 usd
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2023Q1 us-gaap Other Noncash Income Expense
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547000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
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CY2023Q1 us-gaap Increase Decrease In Receivables
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1835000 usd
CY2022Q1 us-gaap Increase Decrease In Receivables
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CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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CY2023Q1 brsp Repaymentof Loansand Preferred Equity Heldfor Investment
RepaymentofLoansandPreferredEquityHeldforInvestment
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CY2022Q1 brsp Repaymentof Loansand Preferred Equity Heldfor Investment
RepaymentofLoansandPreferredEquityHeldforInvestment
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CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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55600000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
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1870000 usd
CY2022Q1 us-gaap Payments For Capital Improvements
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1468000 usd
CY2023Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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245000 usd
CY2022Q1 us-gaap Payments To Acquire Equity Method Investments
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CY2023Q1 brsp Repayment Of Principal In Mortgage Loans Held In Securitization Trusts
RepaymentOfPrincipalInMortgageLoansHeldInSecuritizationTrusts
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CY2022Q1 brsp Repayment Of Principal In Mortgage Loans Held In Securitization Trusts
RepaymentOfPrincipalInMortgageLoansHeldInSecuritizationTrusts
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CY2023Q1 brsp Increase Decreasein Escrow Deposits
IncreaseDecreaseinEscrowDeposits
13733000 usd
CY2022Q1 brsp Increase Decreasein Escrow Deposits
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3340000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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69622000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Payments Of Dividends Common Stock
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CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023Q1 us-gaap Repayments Of Notes Payable
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CY2022Q1 us-gaap Repayments Of Notes Payable
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CY2022Q1 us-gaap Repayments Of Lines Of Credit
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CY2023Q1 us-gaap Repayments Of Secured Debt
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36171000 usd
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CY2023Q1 brsp Repayment Of Mortgage Obligations Issued By Securitization Trusts
RepaymentOfMortgageObligationsIssuedBySecuritizationTrusts
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CY2022Q1 brsp Repayment Of Mortgage Obligations Issued By Securitization Trusts
RepaymentOfMortgageObligationsIssuedBySecuritizationTrusts
13300000 usd
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PaymentsOfFinancingCosts
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CY2023Q1 us-gaap Payments To Minority Shareholders
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PaymentsToMinorityShareholders
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CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5285000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
398828000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
346563000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
393543000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330562000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
306320000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
259722000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
92508000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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86841000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
398828000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
346563000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
313520000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246070000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
80023000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
84492000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
393543000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330562000 usd
CY2023Q1 brsp Accrued Dividends Payable
AccruedDividendsPayable
25989000 usd
CY2022Q1 brsp Accrued Dividends Payable
AccruedDividendsPayable
25525000 usd
CY2023Q1 brsp Right Of Use Lease Assets And Operating Lease Liabilities
RightOfUseLeaseAssetsAndOperatingLeaseLiabilities
0 usd
CY2022Q1 brsp Right Of Use Lease Assets And Operating Lease Liabilities
RightOfUseLeaseAssetsAndOperatingLeaseLiabilities
3271000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
Business and Organization<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BrightSpire Capital, Inc. (the “Company”) is a commercial real estate (“CRE”) credit real estate investment trust (“REIT”) focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE debt investments primarily consist of first mortgage loans, which the Company expects to be its primary investment strategy. Additionally, the Company may selectively originate mezzanine loans and make preferred equity investments, which may include profit participations. The mezzanine loans and preferred equity investments may be in conjunction with the Company’s origination of corresponding first mortgages on the same properties. Net leased properties consist of CRE properties with long-term leases to tenants on a net-lease basis, where such tenants generally will be responsible for property operating expenses such as insurance, utilities, maintenance capital expenditures and real estate taxes. The Company will continue to target net leased equity investments on a selective basis. </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was organized in the state of Maryland on August 23, 2017 and maintains key offices in New York, New York and Los Angeles, California. The Company elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, beginning with the taxable year ended December 31, 2018. The Company conducts all activities and holds substantially all assets and liabilities through the Company’s operating subsidiary, BrightSpire Capital Operating Company, LLC (the “OP”).</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Trends Affecting the Business</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The global markets are currently characterized by volatility, driven by a tightening of monetary policy and geopolitical uncertainty, coupled with the ongoing impacts of COVID-19. In response to heightened inflation, the Federal Reserve continues to raise interest rates, which has tempered the loan financing market and created further uncertainty for the economy and for the Company’s borrowers and tenants. To the extent certain borrowers are experiencing significant financial dislocation as a result of economic conditions or the ongoing effects of COVID-19, the Company may continue to consider the use of interest and other reserves and/or replenishment obligations of the borrower and/or guarantors to meet current interest payment obligations for a limited period. Additionally, the market for office properties was particularly negatively impacted by the COVID-19 pandemic and remains distressed, with high overall vacancy rates due to the normalization of work from home and the hybrid attendance models. </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a result of fewer employees commuting to their offices, businesses are re-evaluating their need for physical office space. These current macroeconomic conditions may continue or intensify and could cause the United States economy or other global economies to experience an economic slowdown or recession. While the Company monitors macroeconomic conditions closely, there are too many uncertainties to predict and quantify the full impact that these factors may have on its business.</span></div>
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates and assumptions.</span></div>
CY2023Q1 brsp Conversion Of Stock Conversion Ratio
ConversionOfStockConversionRatio
1
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
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0 usd
CY2023Q1 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
0 usd
CY2023Q1 brsp Real Estate Held For Sale Number Of Properties Held For Sale
RealEstateHeldForSaleNumberOfPropertiesHeldForSale
0 property
CY2022Q4 brsp Real Estate Held For Sale Number Of Properties Held For Sale
RealEstateHeldForSaleNumberOfPropertiesHeldForSale
0 property
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3468742000 usd
CY2023Q1 brsp Mortgage Loans On Real Estate Weighted Average Period Of Contractual Maturity Including Extensions
MortgageLoansOnRealEstateWeightedAveragePeriodOfContractualMaturityIncludingExtensions
P3Y
CY2022Q1 brsp Mortgage Loans On Real Estate Weighted Average Period Of Contractual Maturity Including Extensions
MortgageLoansOnRealEstateWeightedAveragePeriodOfContractualMaturityIncludingExtensions
P3Y2M12D
CY2023Q1 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
17100000 usd
CY2022Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
16400000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
145836000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
106247000 usd
CY2023Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3503107000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3349059000 usd
CY2022Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3586248000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3468742000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3449009000 usd
CY2023Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
16388000 usd
CY2022Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
498195000 usd
CY2023Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Collectionsof Principal Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateCollectionsofPrincipalIncludingCorporateTermLoan
101368000 usd
CY2022Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Collectionsof Principal Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateCollectionsofPrincipalIncludingCorporateTermLoan
227897000 usd
CY2023Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Amortizationof Premium Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateAmortizationofPremiumIncludingCorporateTermLoan
3038000 usd
CY2022Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Amortizationof Premium Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateAmortizationofPremiumIncludingCorporateTermLoan
2999000 usd
CY2023Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Interest Capitalized Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateInterestCapitalizedIncludingCorporateTermLoan
1848000 usd
CY2022Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Interest Capitalized Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateInterestCapitalizedIncludingCorporateTermLoan
969000 usd
CY2023Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Increase Decreasein Changein Allowancefor Loan Losses
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateIncreaseDecreaseinChangeinAllowanceforLoanLosses
39589000 usd
CY2022Q1 brsp Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Increase Decreasein Changein Allowancefor Loan Losses
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateIncreaseDecreaseinChangeinAllowanceforLoanLosses
-1343000 usd
CY2023Q1 brsp Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Unfunded Commitments
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateUnfundedCommitments
0 usd
CY2022Q1 brsp Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Unfunded Commitments
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateUnfundedCommitments
1251000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3349059000 usd
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3725869000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
106247000 usd
CY2023Q1 brsp Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal Including Held For Sale
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalIncludingHeldForSale
-15418000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
145836000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
36598000 usd
CY2022Q1 brsp Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal Including Held For Sale
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalIncludingHeldForSale
-1343000 usd
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
1251000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
34004000 usd
CY2022Q1 brsp Mortgage Loans On Real Estate Number Of Loans Contributing To More Than10 Percent Of Interest Income
MortgageLoansOnRealEstateNumberOfLoansContributingToMoreThan10PercentOfInterestIncome
0 investment
CY2023Q1 brsp Mortgage Loans On Real Estate Number Of Loans Contributing To More Than10 Percent Of Interest Income
MortgageLoansOnRealEstateNumberOfLoansContributingToMoreThan10PercentOfInterestIncome
0 investment
CY2022Q1 brsp Percentof Interest Income Contributedby Investment
PercentofInterestIncomeContributedbyInvestment
0.100
CY2023Q1 brsp Percentof Interest Income Contributedby Investment
PercentofInterestIncomeContributedbyInvestment
0.100
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1028000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
899709000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
1376609000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
96178000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
1121371000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
3494895000 usd
CY2023Q1 brsp Financing Receivable Excluding Accrued Interest Average Risk Rating
FinancingReceivableExcludingAccruedInterestAverageRiskRating
3.2
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
891650000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1433420000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
96096000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
471994000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
681829000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
3574989000 usd
CY2022Q4 brsp Financing Receivable Excluding Accrued Interest Average Risk Rating
FinancingReceivableExcludingAccruedInterestAverageRiskRating
3.2
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3023000 usd
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2826000 usd
CY2023Q1 brsp Real Estate Investment Property Depreciation Expense
RealEstateInvestmentPropertyDepreciationExpense
6000000 usd
CY2022Q1 brsp Real Estate Investment Property Depreciation Expense
RealEstateInvestmentPropertyDepreciationExpense
6100000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
19388000 usd
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
19734000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
22411000 usd
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
22560000 usd
CY2023Q1 brsp Hotel Operating Income
HotelOperatingIncome
0 usd
CY2022Q1 brsp Hotel Operating Income
HotelOperatingIncome
1566000 usd
CY2023Q1 brsp Property Operating Income Excluding Amortizationof Below Above Leases
PropertyOperatingIncomeExcludingAmortizationofBelowAboveLeases
22411000 usd
CY2022Q1 brsp Property Operating Income Excluding Amortizationof Below Above Leases
PropertyOperatingIncomeExcludingAmortizationofBelowAboveLeases
24126000 usd
CY2023Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
300000 usd
CY2022Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
300000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
57208000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
73627000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
67305000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
60327000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
57209000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2023Q1 brsp Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
317423000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
633099000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
800000 usd
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
800000 usd
CY2023Q1 brsp Numberof Real Estate Properties Sold
NumberofRealEstatePropertiesSold
0 property
CY2023Q1 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
28533000 usd
CY2023Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
16457000 usd
CY2023Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
12076000 usd
CY2023Q1 brsp Finite Lived Intangible Assets And Deferred Leasing Costs Gross
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsGross
111360000 usd
CY2023Q1 brsp Finite Lived Intangible Assets And Deferred Leasing Costs Accumulated Amortization
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsAccumulatedAmortization
60230000 usd
CY2023Q1 brsp Finite Lived Intangible Assets And Deferred Leasing Costs Net
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsNet
51130000 usd
CY2023Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
16075000 usd
CY2023Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
11581000 usd
CY2023Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
4494000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
28641000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
15843000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
12798000 usd
CY2022Q4 brsp Finite Lived Intangible Assets And Deferred Leasing Costs Gross
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsGross
112503000 usd
CY2022Q4 brsp Finite Lived Intangible Assets And Deferred Leasing Costs Accumulated Amortization
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsAccumulatedAmortization
58523000 usd
CY2022Q4 brsp Finite Lived Intangible Assets And Deferred Leasing Costs Net
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsNet
53980000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
16074000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
11235000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
4839000 usd
CY2023Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
339000 usd
CY2022Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
330000 usd
CY2023Q1 brsp Net Increase Decreaseto Rental Incomefrom Amortizationof Aboveand Below Market Leases
NetIncreaseDecreasetoRentalIncomefromAmortizationofAboveandBelowMarketLeases
140000 usd
CY2022Q1 brsp Net Increase Decreaseto Rental Incomefrom Amortizationof Aboveand Below Market Leases
NetIncreaseDecreasetoRentalIncomefromAmortizationofAboveandBelowMarketLeases
42000 usd
CY2023Q1 brsp Amortization Of Deferred Leasing Costs
AmortizationOfDeferredLeasingCosts
664000 usd
CY2022Q1 brsp Amortization Of Deferred Leasing Costs
AmortizationOfDeferredLeasingCosts
806000 usd
CY2023Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1947000 usd
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2408000 usd
CY2023Q1 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
1034000 usd
CY2023Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
1379000 usd
CY2023Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1378000 usd
CY2023Q1 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
703000 usd
CY2023Q1 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
0 usd
CY2023Q1 brsp Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
0 usd
CY2023Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
4494000 usd
CY2023Q1 brsp Deferred Leasing Costs Amortization Expense Remainder Of Fiscal Year
DeferredLeasingCostsAmortizationExpenseRemainderOfFiscalYear
1924000 usd
CY2023Q1 brsp Deferred Leasing Costs Amortization Expense Year One
DeferredLeasingCostsAmortizationExpenseYearOne
2290000 usd
CY2023Q1 brsp Deferred Leasing Costs Amortization Expense Year Two
DeferredLeasingCostsAmortizationExpenseYearTwo
1873000 usd
CY2023Q1 brsp Deferred Leasing Costs Amortization Expense Year Three
DeferredLeasingCostsAmortizationExpenseYearThree
967000 usd
CY2023Q1 brsp Deferred Leasing Costs Amortization Expense Year Four
DeferredLeasingCostsAmortizationExpenseYearFour
849000 usd
CY2023Q1 brsp Deferred Leasing Costs Amortization Expense After Year Four
DeferredLeasingCostsAmortizationExpenseAfterYearFour
4173000 usd
CY2023Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
12076000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
80023000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
92508000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24219000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25237000 usd
CY2023Q1 brsp Taxes Receivable And Deferred Income Tax Assets
TaxesReceivableAndDeferredIncomeTaxAssets
19080000 usd
CY2022Q4 brsp Taxes Receivable And Deferred Income Tax Assets
TaxesReceivableAndDeferredIncomeTaxAssets
19117000 usd
CY2023Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3086000 usd
CY2022Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
4630000 usd
CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2790000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3035000 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
2149000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
1601000 usd
CY2023Q1 brsp Prepaid Expense Excluding Prepaid Taxes And Other Expenses
PrepaidExpenseExcludingPrepaidTaxesAndOtherExpenses
1252000 usd
CY2022Q4 brsp Prepaid Expense Excluding Prepaid Taxes And Other Expenses
PrepaidExpenseExcludingPrepaidTaxesAndOtherExpenses
2053000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
52576000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
55673000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
24997000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25961000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
24637000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
26198000 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12719000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
11680000 usd
CY2023Q1 brsp Prepaid Rentand Unearned Revenue
PrepaidRentandUnearnedRevenue
12251000 usd
CY2022Q4 brsp Prepaid Rentand Unearned Revenue
PrepaidRentandUnearnedRevenue
7688000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
8358000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
15087000 usd
CY2023Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
661000 usd
CY2022Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
411000 usd
CY2023Q1 brsp Unfunded Current Expected Credit Losses Loan Allowance
UnfundedCurrentExpectedCreditLossesLoanAllowance
414000 usd
CY2022Q4 brsp Unfunded Current Expected Credit Losses Loan Allowance
UnfundedCurrentExpectedCreditLossesLoanAllowance
389000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
219000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
219000 usd
CY2023Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
84256000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
87633000 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3074763000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
3069380000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3169278000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3164061000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1906000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
132982000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
226086000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
363684000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1003419000 usd
CY2023Q1 brsp Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1346686000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3074763000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1456366 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1391217 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
62190 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1754094 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
500462 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1253632 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2580691 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1775595 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1024834 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3331452 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
5400000 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
3200000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
23700000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M24D
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7000000 usd
CY2023Q1 brsp Common Sharesand Preferred Shares Authorizedfor Issuance
CommonSharesandPreferredSharesAuthorizedforIssuance
1000000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
81700000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
700000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-100000 usd
CY2023Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3503107000 usd
CY2022Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3586248000 usd
CY2023Q1 brsp Cash Collateral For Derivatives Held By Counterparties
CashCollateralForDerivativesHeldByCounterparties
0 usd
CY2023Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
651000 usd
CY2022Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-221000 usd
CY2023Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1000 usd
CY2022Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
8000 usd
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
650000 usd
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-213000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2149000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
2149000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1601000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
1601000 usd
CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2800000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3000000 usd
CY2023Q1 us-gaap Revenues
Revenues
110278000 usd
CY2022Q1 us-gaap Revenues
Revenues
78414000 usd
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
765855000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
786448000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-4202000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
28400000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-75000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
22000 usd
CY2023Q1 brsp Noncontrolling Interestin Net Income Loss Operating Partnerships Nonredeemable Including Allocated Amountfor Comparison
NoncontrollingInterestinNetIncomeLossOperatingPartnershipsNonredeemableIncludingAllocatedAmountforComparison
0 usd
CY2022Q1 brsp Noncontrolling Interestin Net Income Loss Operating Partnerships Nonredeemable Including Allocated Amountfor Comparison
NoncontrollingInterestinNetIncomeLossOperatingPartnershipsNonredeemableIncludingAllocatedAmountforComparison
654000 usd
CY2023Q1 brsp Net Income Loss Attributableto Parent Including Allocated Amountfor Comparison
NetIncomeLossAttributabletoParentIncludingAllocatedAmountforComparison
-4127000 usd
CY2022Q1 brsp Net Income Loss Attributableto Parent Including Allocated Amountfor Comparison
NetIncomeLossAttributabletoParentIncludingAllocatedAmountforComparison
27724000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
110000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4127000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27614000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126665000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128758000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126665000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129745000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21

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