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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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6 views
I'm downgrading BRSP to a hold due to lackluster earnings, limited growth potential, and continued pressure from a high interest rate environment. The dividend yield is attractive at 12.4%, but coverage is thin and another cut is likely if portfolio quality or income deteriorates further. Heavy exposure to office and multifamily loans, combined with floating rate debt, increases the risk of non-accruals and earnings volatility as rates stay high.
