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ACRE - BrightSpire: 13% Yield But Negative Total Returns Since 2018
Ares Commercial Real Estate Corporation
2024-05-24 14:20:29 ET
Summary
BrightSpire Capital, Inc. was spun out from DigitalBridge in 2018.
The total returns on DigitalBridge since inception have been negative 69.46%, including distributions.
BrightSpire is headed in the same direction.
It makes little sense to chase yield when risk-free rates are over 5.0%. Yet, the chase appears to be on as far as we can tell. Yield investments are popping everywhere and feature some of the most imaginative, value -destructive, setups we have ever seen....