B.Riley Highlights BrightSpire's (BRSP) Strong Liquidity Supporting 2026 Loan Originations

BrightSpire Capital, Inc. (NYSE:BRSP) ranks among the most undervalued REIT stocks to buy right now. On January 5, B.Riley began coverage of BrightSpire Capital, Inc. (NYSE:BRSP) with a Buy rating and a $7.50 price target. According to analyst Timothy D’Agostino, the company’s shares currently trade at about 80% of their GAAP book value, a price premium that he projects to decrease in 2026.

The firm’s upbeat forecast is based on BrightSpire’s solid liquidity position, which includes $280 million in cash and $1.1 billion in master repurchase capabilities. According to B.Riley, this should support higher loan origination activities in 2026.

B.Riley also noted that BrightSpire’s credit quality has improved year-to-date, with the watch list down to five loans worth $182 million as of September 30, as opposed to seven loans making up $411 million at the end of 2024.

BrightSpire Capital, Inc. (NYSE:BRSP) is a commercial real estate credit REIT that focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments and net-leased real estate investments.

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Disclosure: None. This article is originally published at Insider Monkey.