BrightSpire Capital, Inc. Announces Third 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 third quarter 2024 and certain updates. The Company reported third quarter 2024 GAAP net income attributable to common stockholders of $12.7 million, or $0.10 per share, Distributable Earnings of $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings of $27.0 million, or $0.21 per share. The Company reported GAAP net book value of $8.39 per share and undepreciated book value of $9.11 per share as of September 30, 2024.Michael J. Mazzei, Chief Executive Officer, commented, “The Company had a productive quarter highlighted by the successful execution on a new CRE CLO, share repurchases, reinstated loan originations and watchlist reductions. As we look towards the remainder of 2024 and into 2025, we expect to continue to resolve watchlist and REO assets and grow the portfolio and earnings through new loan originations
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BRSP
News
- Shareholders in BrightSpire Capital (NYSE:BRSP) have lost 32%, as stock drops 6.6% this past week [Yahoo! Finance]Yahoo! Finance
- BrightSpire Capital Announces $0.16 Per Share Dividend for Fourth Quarter 2024Business Wire
- San Jose hotel files second Chapter 11 bankruptcy [Yahoo! Finance]Yahoo! Finance
- BrightSpire Capital: Loan Loss Risk Remains Elevated But Positive Signs Are Emerging [Seeking Alpha]Seeking Alpha
- BrightSpire Capital, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call DatesBusiness Wire
BRSP
Earnings
- 10/29/24 - Beat
BRSP
Sec Filings
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- BRSP's page on the SEC website