BRSP: the balance sheet

MyFinsight

Balance Sheets Overview

Debt to Asset Ratio
75.16%
Unit: Thousand (K) dollars
Assets Breakdown
Total assets
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Securitization bonds payable, ne...
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Assets held for sale	NaN	0	0	34,284
Real estate, net	690,961	679,779	719,711	732,776
Receivables, net	50,506	45,591	43,379	46,071
Cash and cash equivalents	1,187	NaN	NaN	NaN
Restricted cash	10,845	NaN	NaN	NaN
Loans and preferred equity held for investment	2,730,072	NaN	NaN	NaN
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest	85,300	NaN	NaN	NaN
Loans and preferred equity held for investment, net	1,612,628	NaN	NaN	NaN
Real estate, net	147,148	NaN	NaN	NaN
Receivables, net	18,792	NaN	NaN	NaN
Deferred leasing costs and intangible assets, net	3,432	NaN	NaN	NaN
Other assets	22,876	NaN	NaN	NaN
Cash and cash equivalents	96,561	66,789	113,378	154,283
Current expected credit loss reserve	85,316	87,401	126,905	136,567
Loans and preferred equity held for investment	2,730,072	2,678,315	2,363,215	2,392,415
Loans and preferred equity held for investment, net	2,644,756	2,590,914	2,236,310	2,255,848
Deferred leasing costs and intangible assets, net	28,144	27,646	35,629	35,454
Restricted cash	92,715	107,046	108,189	97,399
Other assets	44,205	47,065	47,860	53,366
Total assets	3,647,848	3,564,830	3,304,456	3,409,481

Securitization bonds payable, net	1,406,860	977,082	976,998	982,198
Mortgage and other notes payable, net	412,814	414,060	415,182	483,109
Credit facilities	772,327	1,078,098	778,671	789,729
Accounts payable, accrued expenses and other liabilities	21,266	25,573	28,183	NaN
Intangible liabilities, net	NaN	389	835	2,187
Operating lease liability	19,823	20,703	21,573	NaN
Prepaid rent and unearned revenue	10,441	9,664	11,019	NaN
Interest payable	6,601	6,239	5,425	NaN
Unfunded cecl loan allowance	1,864	669	579	NaN
Current and deferred tax liability	NaN	0	0	NaN
Tenant security deposits	626	861	1,411	NaN
Accrued and other liabilities	60,621	63,709	68,190	68,453
Escrow deposits payable	66,878	82,511	75,794	74,748
Dividends payable	22,179	20,576	20,756	20,797
Total liabilities	2,741,679	2,636,425	2,336,426	2,421,221
Common stock, 0.01 par value per share class a, 950,000,000 shares authorized, 130,278,065 and 128,627,246 shares issued and outstanding as of march31, 2026 and december31, 2025, respectively	1,303	1,286	1,297	1,300
Additional paid-in capital	2,861,488	2,863,377	2,866,411	2,864,578
Accumulated deficit	-1,944,873	-1,926,231	-1,891,295	-1,871,523
Accumulated other comprehensive loss	NaN	0	0	0
Total stockholders equity	917,918	938,432	976,413	994,355
Noncontrolling interests in investment entities	-11,749	-10,027	-8,383	-6,095
Total equity	906,169	928,405	968,030	988,260
Total liabilities and equity	3,647,848	3,564,830	3,304,456	3,409,481

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Balance Sheets Overview

Debt to Asset Ratio
75.16%
Unit: Thousand (K) dollars
Assets Breakdown
Total assets
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Securitization bonds payable, ne...
Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio
75.16%
Unit: Thousand (K) dollars
Assets Breakdown
Total assets
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Securitization bonds payable, ne...
Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio75.16%Unit: Thousand (K) dollarsAssets BreakdownTotal assetsLiabilities BreakdownAdditional paid-in capitalAccumulated deficitSecuritization bonds payable, ne...Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio75.16%Unit: Thousand (K) dollarsAssets BreakdownTotal assetsLiabilities BreakdownAdditional paid-in capitalAccumulated deficitSecuritization bonds payable, ne...Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Debt to Asset Ratio
75.16%
Unit: Thousand (K) dollars
Assets Breakdown
Total assets
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Securitization bonds payable, ne...
Others

Debt to Asset Ratio
75.16%
Unit: Thousand (K) dollars
Assets Breakdown
Total assets
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Securitization bonds payable, ne...
Others