earnings
confidence high
sentiment positive
materiality 0.70
BrightSpire Q3 GAAP net loss $(0.54)/share; adj earnings $0.26; dividend raised to $0.18
BrightSpire Capital, Inc.
2021-Q3 EPS reported
-$1.42
revenue$108,016,000
- GAAP net loss attributable to common stockholders of $(70.1)M ($(0.54)/share).
- Adjusted Distributable Earnings of $35.0M ($0.26/share), up from $0.20 in Q2.
- Q4 dividend declared at $0.18/share, third consecutive increase.
- Deployed $519M in new loans during Q3; total originations $2.1B since Q4 2020.
- Full $98M write-down of mezzanine loan for L.A. Mixed-Use Project.