---
title: "BrightSpire raised to buy at BTIG on earnings, portfolio growth outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283676867.md"
description: "BTIG upgraded BrightSpire Capital (BRSP) to Buy from Neutral, citing confidence in the company's portfolio and earnings growth for 2026. The stock rose 2.2% in premarket trading. Analyst Thomas Catherwood noted a 13.3% increase in Q4 2025 origination activity and a low debt-to-equity ratio of 2.3x. BTIG projects a 30% growth in the loan book to ~$3.5B in 2026, with distributable earnings expected to reach $0.67 in 2026 and $0.74 in 2027. The Buy rating is consistent with the average Wall Street rating."
datetime: "2026-04-22T13:33:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283676867.md)
  - [en](https://longbridge.com/en/news/283676867.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283676867.md)
---

# BrightSpire raised to buy at BTIG on earnings, portfolio growth outlook

BTIG upgraded BrightSpire Capital (BRSP) to Buy from Neutral after gaining confidence that the commercial mortgage REIT will be able to achieve both portfolio and earnings growth in 2026. BrightSpire (BRSP) stock gained 2.2% in Wednesday premarket trading. Analyst Thomas Catherwood had been sitting on the sidelines as earnings growth “proved elusiv...

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