BrightSpire Capital Q2 net loss $0.15/sh, $0.20/sh adjusted; dividend raised to $0.16

BrightSpire Capital, Inc.

2021-Q2 EPS reported -$0.87 revenue$118,784,000

GAAP net loss of $19.7M ($0.15/sh); adjusted distributable earnings of $27.0M ($0.20/sh).
Net book value $11.75/sh, undepreciated book value $12.66/sh as of June 30, 2021.
Quarterly dividend raised to $0.16/sh from $0.14/sh; payable Oct 15, record Sep 30.
Second managed $800M CRE CLO closed; $1.5B in senior loans closed/committed since late 2020.
CEO confirms internalization of management and rebranding completed in H1 2021.

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