BrightSpire Capital (BRSP) Competitors

BrightSpire Capital logo
$5.54 +0.01 (+0.09%)
Closing price 06/18/2026 03:59 PM Eastern
Extended Trading
$5.54 -0.01 (-0.18%)
As of 06/18/2026 06:41 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

BRSP vs. ARI, BXMT, FBRT, KREF, and LADR

Should you buy BrightSpire Capital stock or one of its competitors? MarketBeat compares BrightSpire Capital with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with BrightSpire Capital include Apollo Commercial Real Estate Finance (ARI), Blackstone Mortgage Trust (BXMT), Franklin BSP Realty Trust (FBRT), KKR Real Estate Finance Trust (KREF), and Ladder Capital (LADR). These companies are all part of the "reit - mtge trust" industry.

How does BrightSpire Capital compare to Apollo Commercial Real Estate Finance?

BrightSpire Capital (NYSE:BRSP) and Apollo Commercial Real Estate Finance (NYSE:ARI) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their media sentiment, dividends, risk, analyst recommendations, profitability, institutional ownership, valuation and earnings.

BrightSpire Capital pays an annual dividend of $0.64 per share and has a dividend yield of 11.5%. Apollo Commercial Real Estate Finance pays an annual dividend of $1.00 per share and has a dividend yield of 9.2%. BrightSpire Capital pays out -237.0% of its earnings in the form of a dividend. Apollo Commercial Real Estate Finance pays out 123.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. BrightSpire Capital is clearly the better dividend stock, given its higher yield and lower payout ratio.

BrightSpire Capital presently has a consensus price target of $6.75, indicating a potential upside of 21.73%. Apollo Commercial Real Estate Finance has a consensus price target of $11.13, indicating a potential upside of 2.58%. Given BrightSpire Capital's higher possible upside, research analysts plainly believe BrightSpire Capital is more favorable than Apollo Commercial Real Estate Finance.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BrightSpire Capital
2 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.33
Apollo Commercial Real Estate Finance
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33

Apollo Commercial Real Estate Finance has a net margin of 48.01% compared to BrightSpire Capital's net margin of -24.16%. Apollo Commercial Real Estate Finance's return on equity of 7.87% beat BrightSpire Capital's return on equity.

Company Net Margins Return on Equity Return on Assets
BrightSpire Capital-24.16% 7.46% 2.03%
Apollo Commercial Real Estate Finance 48.01%7.87%1.48%

Apollo Commercial Real Estate Finance has higher revenue and earnings than BrightSpire Capital. BrightSpire Capital is trading at a lower price-to-earnings ratio than Apollo Commercial Real Estate Finance, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BrightSpire Capital$194.89M3.71-$31.15M-$0.27N/A
Apollo Commercial Real Estate Finance$271.59M5.23$126.72M$0.8113.39

BrightSpire Capital has a beta of 1.28, meaning that its stock price is 28% more volatile than the broader market. Comparatively, Apollo Commercial Real Estate Finance has a beta of 1.35, meaning that its stock price is 35% more volatile than the broader market.

In the previous week, Apollo Commercial Real Estate Finance had 7 more articles in the media than BrightSpire Capital. MarketBeat recorded 9 mentions for Apollo Commercial Real Estate Finance and 2 mentions for BrightSpire Capital. BrightSpire Capital's average media sentiment score of 0.80 beat Apollo Commercial Real Estate Finance's score of 0.78 indicating that BrightSpire Capital is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
BrightSpire Capital
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Apollo Commercial Real Estate Finance
2 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

56.6% of BrightSpire Capital shares are owned by institutional investors. Comparatively, 54.4% of Apollo Commercial Real Estate Finance shares are owned by institutional investors. 2.8% of BrightSpire Capital shares are owned by insiders. Comparatively, 0.5% of Apollo Commercial Real Estate Finance shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

Apollo Commercial Real Estate Finance beats BrightSpire Capital on 9 of the 17 factors compared between the two stocks.

How does BrightSpire Capital compare to Blackstone Mortgage Trust?

Blackstone Mortgage Trust (NYSE:BXMT) and BrightSpire Capital (NYSE:BRSP) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, media sentiment, profitability, analyst recommendations, valuation, risk, dividends and institutional ownership.

In the previous week, Blackstone Mortgage Trust had 3 more articles in the media than BrightSpire Capital. MarketBeat recorded 5 mentions for Blackstone Mortgage Trust and 2 mentions for BrightSpire Capital. BrightSpire Capital's average media sentiment score of 0.80 beat Blackstone Mortgage Trust's score of 0.61 indicating that BrightSpire Capital is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Blackstone Mortgage Trust
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
BrightSpire Capital
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Blackstone Mortgage Trust pays an annual dividend of $1.88 per share and has a dividend yield of 10.4%. BrightSpire Capital pays an annual dividend of $0.64 per share and has a dividend yield of 11.5%. Blackstone Mortgage Trust pays out 308.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. BrightSpire Capital pays out -237.0% of its earnings in the form of a dividend. BrightSpire Capital is clearly the better dividend stock, given its higher yield and lower payout ratio.

64.2% of Blackstone Mortgage Trust shares are owned by institutional investors. Comparatively, 56.6% of BrightSpire Capital shares are owned by institutional investors. 1.2% of Blackstone Mortgage Trust shares are owned by company insiders. Comparatively, 2.8% of BrightSpire Capital shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Blackstone Mortgage Trust has higher revenue and earnings than BrightSpire Capital. BrightSpire Capital is trading at a lower price-to-earnings ratio than Blackstone Mortgage Trust, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Blackstone Mortgage Trust$1.36B2.25$109.57M$0.6129.63
BrightSpire Capital$194.89M3.71-$31.15M-$0.27N/A

Blackstone Mortgage Trust has a net margin of 8.75% compared to BrightSpire Capital's net margin of -24.16%. BrightSpire Capital's return on equity of 7.46% beat Blackstone Mortgage Trust's return on equity.

Company Net Margins Return on Equity Return on Assets
Blackstone Mortgage Trust8.75% 6.11% 1.08%
BrightSpire Capital -24.16%7.46%2.03%

Blackstone Mortgage Trust has a beta of 0.89, suggesting that its stock price is 11% less volatile than the broader market. Comparatively, BrightSpire Capital has a beta of 1.28, suggesting that its stock price is 28% more volatile than the broader market.

Blackstone Mortgage Trust presently has a consensus target price of $21.38, suggesting a potential upside of 18.26%. BrightSpire Capital has a consensus target price of $6.75, suggesting a potential upside of 21.73%. Given BrightSpire Capital's higher possible upside, analysts clearly believe BrightSpire Capital is more favorable than Blackstone Mortgage Trust.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Blackstone Mortgage Trust
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.67
BrightSpire Capital
2 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.33

Summary

BrightSpire Capital beats Blackstone Mortgage Trust on 9 of the 17 factors compared between the two stocks.

How does BrightSpire Capital compare to Franklin BSP Realty Trust?

BrightSpire Capital (NYSE:BRSP) and Franklin BSP Realty Trust (NYSE:FBRT) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their earnings, institutional ownership, risk, dividends, valuation, profitability, media sentiment and analyst recommendations.

Franklin BSP Realty Trust has a net margin of 24.26% compared to BrightSpire Capital's net margin of -24.16%. BrightSpire Capital's return on equity of 7.46% beat Franklin BSP Realty Trust's return on equity.

Company Net Margins Return on Equity Return on Assets
BrightSpire Capital-24.16% 7.46% 2.03%
Franklin BSP Realty Trust 24.26%6.46%1.34%

BrightSpire Capital presently has a consensus price target of $6.75, suggesting a potential upside of 21.73%. Franklin BSP Realty Trust has a consensus price target of $11.50, suggesting a potential upside of 36.48%. Given Franklin BSP Realty Trust's higher probable upside, analysts clearly believe Franklin BSP Realty Trust is more favorable than BrightSpire Capital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BrightSpire Capital
2 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.33
Franklin BSP Realty Trust
2 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.20

BrightSpire Capital pays an annual dividend of $0.64 per share and has a dividend yield of 11.5%. Franklin BSP Realty Trust pays an annual dividend of $0.80 per share and has a dividend yield of 9.5%. BrightSpire Capital pays out -237.0% of its earnings in the form of a dividend. Franklin BSP Realty Trust pays out 156.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. BrightSpire Capital is clearly the better dividend stock, given its higher yield and lower payout ratio.

Franklin BSP Realty Trust has higher revenue and earnings than BrightSpire Capital. BrightSpire Capital is trading at a lower price-to-earnings ratio than Franklin BSP Realty Trust, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BrightSpire Capital$194.89M3.71-$31.15M-$0.27N/A
Franklin BSP Realty Trust$270.07M2.40$82.27M$0.5116.52

In the previous week, Franklin BSP Realty Trust had 7 more articles in the media than BrightSpire Capital. MarketBeat recorded 9 mentions for Franklin BSP Realty Trust and 2 mentions for BrightSpire Capital. Franklin BSP Realty Trust's average media sentiment score of 1.41 beat BrightSpire Capital's score of 0.80 indicating that Franklin BSP Realty Trust is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
BrightSpire Capital
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Franklin BSP Realty Trust
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

56.6% of BrightSpire Capital shares are owned by institutional investors. Comparatively, 59.9% of Franklin BSP Realty Trust shares are owned by institutional investors. 2.8% of BrightSpire Capital shares are owned by company insiders. Comparatively, 1.3% of Franklin BSP Realty Trust shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

BrightSpire Capital has a beta of 1.28, indicating that its stock price is 28% more volatile than the broader market. Comparatively, Franklin BSP Realty Trust has a beta of 0.92, indicating that its stock price is 8% less volatile than the broader market.

Summary

BrightSpire Capital and Franklin BSP Realty Trust tied by winning 9 of the 18 factors compared between the two stocks.

How does BrightSpire Capital compare to KKR Real Estate Finance Trust?

KKR Real Estate Finance Trust (NYSE:KREF) and BrightSpire Capital (NYSE:BRSP) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, earnings, media sentiment, profitability, analyst recommendations, risk, institutional ownership and dividends.

KKR Real Estate Finance Trust pays an annual dividend of $1.00 per share and has a dividend yield of 14.1%. BrightSpire Capital pays an annual dividend of $0.64 per share and has a dividend yield of 11.5%. KKR Real Estate Finance Trust pays out -53.8% of its earnings in the form of a dividend. BrightSpire Capital pays out -237.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

KKR Real Estate Finance Trust has a beta of 0.84, suggesting that its stock price is 16% less volatile than the broader market. Comparatively, BrightSpire Capital has a beta of 1.28, suggesting that its stock price is 28% more volatile than the broader market.

70.2% of KKR Real Estate Finance Trust shares are owned by institutional investors. Comparatively, 56.6% of BrightSpire Capital shares are owned by institutional investors. 2.1% of KKR Real Estate Finance Trust shares are owned by company insiders. Comparatively, 2.8% of BrightSpire Capital shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

KKR Real Estate Finance Trust has a net margin of -23.55% compared to BrightSpire Capital's net margin of -24.16%. BrightSpire Capital's return on equity of 7.46% beat KKR Real Estate Finance Trust's return on equity.

Company Net Margins Return on Equity Return on Assets
KKR Real Estate Finance Trust-23.55% -0.78% -0.14%
BrightSpire Capital -24.16%7.46%2.03%

BrightSpire Capital has lower revenue, but higher earnings than KKR Real Estate Finance Trust. BrightSpire Capital is trading at a lower price-to-earnings ratio than KKR Real Estate Finance Trust, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
KKR Real Estate Finance Trust$435.60M1.04-$47.05M-$1.86N/A
BrightSpire Capital$194.89M3.71-$31.15M-$0.27N/A

KKR Real Estate Finance Trust currently has a consensus target price of $8.40, suggesting a potential upside of 18.73%. BrightSpire Capital has a consensus target price of $6.75, suggesting a potential upside of 21.73%. Given BrightSpire Capital's stronger consensus rating and higher probable upside, analysts clearly believe BrightSpire Capital is more favorable than KKR Real Estate Finance Trust.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
KKR Real Estate Finance Trust
2 Sell rating(s)
5 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.88
BrightSpire Capital
2 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.33

In the previous week, KKR Real Estate Finance Trust had 2 more articles in the media than BrightSpire Capital. MarketBeat recorded 4 mentions for KKR Real Estate Finance Trust and 2 mentions for BrightSpire Capital. KKR Real Estate Finance Trust's average media sentiment score of 1.64 beat BrightSpire Capital's score of 0.80 indicating that KKR Real Estate Finance Trust is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
KKR Real Estate Finance Trust
4 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
BrightSpire Capital
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

BrightSpire Capital beats KKR Real Estate Finance Trust on 11 of the 18 factors compared between the two stocks.

How does BrightSpire Capital compare to Ladder Capital?

BrightSpire Capital (NYSE:BRSP) and Ladder Capital (NYSE:LADR) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, media sentiment, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.

BrightSpire Capital currently has a consensus target price of $6.75, suggesting a potential upside of 21.73%. Ladder Capital has a consensus target price of $12.75, suggesting a potential upside of 25.18%. Given Ladder Capital's stronger consensus rating and higher probable upside, analysts plainly believe Ladder Capital is more favorable than BrightSpire Capital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BrightSpire Capital
2 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.33
Ladder Capital
1 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50

Ladder Capital has a net margin of 13.82% compared to BrightSpire Capital's net margin of -24.16%. BrightSpire Capital's return on equity of 7.46% beat Ladder Capital's return on equity.

Company Net Margins Return on Equity Return on Assets
BrightSpire Capital-24.16% 7.46% 2.03%
Ladder Capital 13.82%5.73%1.70%

56.6% of BrightSpire Capital shares are held by institutional investors. Comparatively, 62.3% of Ladder Capital shares are held by institutional investors. 2.8% of BrightSpire Capital shares are held by insiders. Comparatively, 12.0% of Ladder Capital shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Ladder Capital has higher revenue and earnings than BrightSpire Capital. BrightSpire Capital is trading at a lower price-to-earnings ratio than Ladder Capital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BrightSpire Capital$194.89M3.71-$31.15M-$0.27N/A
Ladder Capital$390.29M3.32$64.18M$0.4423.15

BrightSpire Capital has a beta of 1.28, meaning that its stock price is 28% more volatile than the broader market. Comparatively, Ladder Capital has a beta of 0.95, meaning that its stock price is 5% less volatile than the broader market.

In the previous week, Ladder Capital had 1 more articles in the media than BrightSpire Capital. MarketBeat recorded 3 mentions for Ladder Capital and 2 mentions for BrightSpire Capital. Ladder Capital's average media sentiment score of 0.87 beat BrightSpire Capital's score of 0.80 indicating that Ladder Capital is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
BrightSpire Capital
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Ladder Capital
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

BrightSpire Capital pays an annual dividend of $0.64 per share and has a dividend yield of 11.5%. Ladder Capital pays an annual dividend of $0.92 per share and has a dividend yield of 9.0%. BrightSpire Capital pays out -237.0% of its earnings in the form of a dividend. Ladder Capital pays out 209.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. BrightSpire Capital is clearly the better dividend stock, given its higher yield and lower payout ratio.

Summary

Ladder Capital beats BrightSpire Capital on 11 of the 17 factors compared between the two stocks.

Get BrightSpire Capital News Delivered to You Automatically

Sign up to receive the latest news and ratings for BRSP and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BRSP and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

BRSP vs. The Competition

MetricBrightSpire CapitalREIT IndustryFinance SectorNYSE Exchange
Market Cap$721.74M$1.66B$13.95B$23.21B
Dividend Yield11.55%12.70%5.74%4.06%
P/E Ratio-20.5411.7120.2031.61
Price / Sales3.712.58144.10112.15
Price / Cash6.079.3519.5724.44
Price / Book0.770.772.254.68
Net Income-$31.15M$156.66M$1.14B$1.08B
7 Day Performance-1.42%-1.01%-0.42%-0.82%
1 Month Performance-2.97%-3.09%1.14%1.61%
1 Year Performance6.74%-4.46%22.75%24.87%

BrightSpire Capital Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BRSP
BrightSpire Capital
4.2161 of 5 stars
$5.55
+0.1%
$6.75
+21.7%
+8.0%$721.74M$194.89MN/A50
ARI
Apollo Commercial Real Estate Finance
2.9294 of 5 stars
$10.89
+2.1%
$11.13
+2.2%
+10.6%$1.42B$271.59M13.41N/A
BXMT
Blackstone Mortgage Trust
4.7475 of 5 stars
$18.48
+2.0%
$21.38
+15.7%
-6.5%$3.11B$1.36B30.27N/A
FBRT
Franklin BSP Realty Trust
4.9112 of 5 stars
$8.39
+1.9%
$11.50
+37.1%
-21.9%$645.31M$270.07M16.44N/A
KREF
KKR Real Estate Finance Trust
4.6156 of 5 stars
$7.27
+1.0%
$8.40
+15.5%
-23.4%$467.14M$435.60MN/AN/A

Related Companies and Tools


This page (NYSE:BRSP) was last updated on 6/20/2026 by MarketBeat.com Staff.
From Our Partners