BrightSpire Capital, Inc. Announces Second Quarter 2024 Financial Results
BrightSpire Capital, Inc. Class A (BRSP)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter 2024 and certain updates. The Company reported second quarter 2024 GAAP net loss attributable to common stockholders of ($67.9) million, or ($0.53) per share, Distributable Earnings of $17.0 million, or $0.13 per share, and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share. The Company reported GAAP net book value of $8.41 per share and undepreciated book value of $9.08 per share as of June 30, 2024.In addition, the Board of Directors of BrightSpire Capital declared a dividend of $0.16 per share of Class A common stock with respect to the third quarter of 2024. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024.Michael J. Mazzei, Chief Executive Officer, commented, “The reduction in our book value this past quarter was largely driven by legacy office eq
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BRSP
News
- BrightSpire Capital, Inc. (NYSE: BRSP) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $7.50 price target on the stock.MarketBeat
- Analyzing BrightSpire Capital, Inc. (BRSP) Among Top High-Yield Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- 12% Yield And Conservative Management. Yes!: BrightSpire [Seeking Alpha]Seeking Alpha
- BrightSpire Capital Announces Pricing of $675 Million BRSP 2024-FL2 Commercial Real Estate CLO and the Redemption of CLNC 2019-FL1Business Wire
- BrightSpire Capital, Inc. (NYSE: BRSP) had its "neutral" rating re-affirmed by analysts at BTIG Research.MarketBeat
BRSP
Earnings
- 7/30/24 - Beat
BRSP
Sec Filings
- 8/23/24 - Form 8-K
- 8/19/24 - Form 8-K
- 7/31/24 - Form 10-Q
- BRSP's page on the SEC website