BRSP
BrightSpire Capital, Inc.
REIT - Diversified
Market Cap$775M
5Y Perf.+20.2%
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Stock Comparison
BRSP vs BXMT
Revenue, margins, valuation, and 5-year total return — side by side.
BXMT
Blackstone Mortgage Trust, Inc.
REIT - Mortgage
Market Cap$3.25B
5Y Perf.-18.2%
BRSP vs BXMT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BRSP | BXMT |
|---|---|---|
| Industry | REIT - Diversified | REIT - Mortgage |
| Market Cap | $775M | $3.25B |
| Revenue (TTM) | $334M | $1.54B |
| Net Income (TTM) | $-32M | $104M |
| Gross Margin | 41.8% | 62.6% |
| Operating Margin | 13.1% | 58.3% |
| Forward P/E | 9.4x | 12.1x |
| Total Debt | $2.49B | $16.16B |
| Cash & Equiv. | $67M | $453M |
BRSP vs BXMT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BRSP
BXMT
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BrightSpire Capital… (BRSP) | 100 | 120.2 | +20.2% |
| Blackstone Mortgage… (BXMT) | 100 | 81.8 | -18.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BRSP vs BXMT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BRSP leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Blackstone Mortgage Trust, Inc. is the stronger pick specifically for profitability and margin quality and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
BRSP
BrightSpire Capital, Inc.
The Real Estate Income Play
BRSP carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.84, yield 11.0%
- Rev growth -4.5%, EPS growth 75.2%, 3Y rev CAGR -2.6%
- Lower volatility, beta 0.84, current ratio 19.52x
Best for: income & stability and growth exposure
BXMT
Blackstone Mortgage Trust, Inc.
The Real Estate Income Play
BXMT is the clearest fit if your priority is long-term compounding.
- 52.6% 10Y total return vs BRSP's -35.4%
- 6.7% margin vs BRSP's -9.5%
- Beta 0.74 vs BRSP's 0.84
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BRSP | -4.5% FFO/revenue growth vs BXMT's -14.0% |
| Value | BRSP | Lower P/E (9.4x vs 12.1x) |
| Quality / Margins | BXMT | 6.7% margin vs BRSP's -9.5% |
| Stability / Safety | BXMT | Beta 0.74 vs BRSP's 0.84 |
| Dividends | BRSP | 11.0% yield, vs BXMT's 9.8% |
| Momentum (1Y) | BRSP | +29.5% vs BXMT's +13.3% |
| Efficiency (ROA) | BXMT | 0.5% ROA vs BRSP's -0.9%, ROIC 4.3% vs 3.0% |
BRSP vs BXMT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
BRSP vs BXMT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBRSPLAGGINGBXMT
BXMTBlackstone Mortgage T…
2leads
BRSPBrightSpire Capital, …
3leads
6 Total Categories
CATEGORYLEADERvs BXMTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BXMT3/5
Valuation MetricsMultiples, price ratios, and targets
BRSP4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BXMT5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
BRSP5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
BRSP1/1
Income & Cash Flow (Last 12 Months)
BXMT leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXMT is the larger business by revenue, generating $1.5B annually — 4.6x BRSP's $334M. BXMT is the more profitable business, keeping 6.7% of every revenue dollar as net income compared to BRSP's -9.5%. On growth, BRSP holds the edge at +9.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BRSPBrightSpire Capit… | BXMTBlackstone Mortga… |
|---|---|---|
| RevenueTrailing 12 months | $334M | $1.5B |
| EBITDAEarnings before interest/tax | $78M | $948M |
| Net IncomeAfter-tax profit | -$32M | $104M |
| Free Cash FlowCash after capex | $73M | $335M |
| Gross MarginGross profit ÷ Revenue | +41.8% | +62.6% |
| Operating MarginEBIT ÷ Revenue | +13.1% | +58.3% |
| Net MarginNet income ÷ Revenue | -9.5% | +6.7% |
| FCF MarginFCF ÷ Revenue | +22.0% | +21.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.8% | +4.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -20.0% | — |
BXMT leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
BRSP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, BXMT's 16.4x EV/EBITDA is more attractive than BRSP's 19.0x.
| Metric | BRSPBrightSpire Capit… | BXMTBlackstone Mortga… |
|---|---|---|
| Market CapShares × price | $775M | $3.3B |
| Enterprise ValueMkt cap + debt − cash | $3.2B | $19.0B |
| Trailing P/EPrice ÷ TTM EPS | -22.88x | 30.14x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.37x | 12.07x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 19.02x | 16.37x |
| Price / SalesMarket cap ÷ Revenue | 2.34x | 2.14x |
| Price / BookPrice ÷ Book value/share | 0.81x | 0.94x |
| Price / FCFMarket cap ÷ FCF | 10.61x | 11.79x |
BRSP leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
BXMT leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BXMT delivers a 2.9% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-3 for BRSP. BRSP carries lower financial leverage with a 2.68x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXMT's 4.61x.
| Metric | BRSPBrightSpire Capit… | BXMTBlackstone Mortga… |
|---|---|---|
| ROE (TTM)Return on equity | -3.3% | +2.9% |
| ROA (TTM)Return on assets | -0.9% | +0.5% |
| ROICReturn on invested capital | +3.0% | +4.3% |
| ROCEReturn on capital employed | +3.7% | +11.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 2.68x | 4.61x |
| Net DebtTotal debt minus cash | $2.4B | $15.7B |
| Cash & Equiv.Liquid assets | $67M | $453M |
| Total DebtShort + long-term debt | $2.5B | $16.2B |
| Interest CoverageEBIT ÷ Interest expense | 0.59x | 1.11x |
BXMT leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
BRSP leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BRSP five years ago would be worth $10,214 today (with dividends reinvested), compared to $9,733 for BXMT. Over the past 12 months, BRSP leads with a +29.5% total return vs BXMT's +13.3%. The 3-year compound annual growth rate (CAGR) favors BRSP at 14.8% vs BXMT's 14.2% — a key indicator of consistent wealth creation.
| Metric | BRSPBrightSpire Capit… | BXMTBlackstone Mortga… |
|---|---|---|
| YTD ReturnYear-to-date | +6.8% | +1.4% |
| 1-Year ReturnPast 12 months | +29.5% | +13.3% |
| 3-Year ReturnCumulative with dividends | +51.1% | +49.0% |
| 5-Year ReturnCumulative with dividends | +2.1% | -2.7% |
| 10-Year ReturnCumulative with dividends | -35.4% | +52.6% |
| CAGR (3Y)Annualised 3-year return | +14.8% | +14.2% |
BRSP leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BRSP and BXMT each lead in 1 of 2 comparable metrics.
Risk & Volatility
BXMT is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than BRSP's 0.84 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BRSP currently trades 96.5% from its 52-week high vs BXMT's 93.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BRSPBrightSpire Capit… | BXMTBlackstone Mortga… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.84x | 0.74x |
| 52-Week HighHighest price in past year | $6.17 | $20.67 |
| 52-Week LowLowest price in past year | $4.84 | $17.67 |
| % of 52W HighCurrent price vs 52-week peak | +96.5% | +93.3% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 44.3 |
| Avg Volume (50D)Average daily shares traded | 874K | 1.4M |
Evenly matched — BRSP and BXMT each lead in 1 of 2 comparable metrics.
Analyst Outlook
BRSP leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BRSP as "Buy" and BXMT as "Hold". For income investors, BRSP offers the higher dividend yield at 10.99% vs BXMT's 9.79%.
| Metric | BRSPBrightSpire Capit… | BXMTBlackstone Mortga… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $6.00 | — |
| # AnalystsCovering analysts | 8 | 18 |
| Dividend YieldAnnual dividend ÷ price | +11.0% | +9.8% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.65 | $1.89 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | +3.4% |
BRSP leads this category, winning 1 of 1 comparable metric.
Key Takeaway
BRSP leads in 3 of 6 categories (Valuation Metrics, Total Returns). BXMT leads in 2 (Income & Cash Flow, Profitability & Efficiency). 1 tied.
Best OverallBrightSpire Capital, Inc. (BRSP)Leads 3 of 6 categories
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BRSP vs BXMT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BRSP or BXMT a better buy right now?
For growth investors, BrightSpire Capital, Inc.
(BRSP) is the stronger pick with -4. 5% revenue growth year-over-year, versus -14. 0% for Blackstone Mortgage Trust, Inc. (BXMT). Blackstone Mortgage Trust, Inc. (BXMT) offers the better valuation at 30. 1x trailing P/E (12. 1x forward), making it the more compelling value choice. Analysts rate BrightSpire Capital, Inc. (BRSP) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BRSP or BXMT?
On forward P/E, BrightSpire Capital, Inc.
is actually cheaper at 9. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BRSP or BXMT?
Over the past 5 years, BrightSpire Capital, Inc.
(BRSP) delivered a total return of +2. 1%, compared to -2. 7% for Blackstone Mortgage Trust, Inc. (BXMT). Over 10 years, the gap is even starker: BXMT returned +52. 6% versus BRSP's -35. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BRSP or BXMT?
By beta (market sensitivity over 5 years), Blackstone Mortgage Trust, Inc.
(BXMT) is the lower-risk stock at 0. 74β versus BrightSpire Capital, Inc. 's 0. 84β — meaning BRSP is approximately 13% more volatile than BXMT relative to the S&P 500. On balance sheet safety, BrightSpire Capital, Inc. (BRSP) carries a lower debt/equity ratio of 3% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BRSP or BXMT?
By revenue growth (latest reported year), BrightSpire Capital, Inc.
(BRSP) is pulling ahead at -4. 5% versus -14. 0% for Blackstone Mortgage Trust, Inc. (BXMT). On earnings-per-share growth, the picture is similar: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to 75. 2% for BrightSpire Capital, Inc.. Over a 3-year CAGR, BXMT leads at 4. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BRSP or BXMT?
Blackstone Mortgage Trust, Inc.
(BXMT) is the more profitable company, earning 7. 2% net margin versus -9. 4% for BrightSpire Capital, Inc. — meaning it keeps 7. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXMT leads at 71. 6% versus 39. 5% for BRSP. At the gross margin level — before operating expenses — BXMT leads at 76. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BRSP or BXMT more undervalued right now?
On forward earnings alone, BrightSpire Capital, Inc.
(BRSP) trades at 9. 4x forward P/E versus 12. 1x for Blackstone Mortgage Trust, Inc. — 2. 7x cheaper on a one-year earnings basis.
08Which pays a better dividend — BRSP or BXMT?
All stocks in this comparison pay dividends.
BrightSpire Capital, Inc. (BRSP) offers the highest yield at 11. 0%, versus 9. 8% for Blackstone Mortgage Trust, Inc. (BXMT).
09Is BRSP or BXMT better for a retirement portfolio?
For long-horizon retirement investors, Blackstone Mortgage Trust, Inc.
(BXMT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 9. 8% yield). Both have compounded well over 10 years (BXMT: +52. 6%, BRSP: -35. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BRSP and BXMT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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