earnings
confidence high
sentiment positive
materiality 0.75
BrightSpire Capital Q1 GAAP net income $0.21/shr, distributable earnings $0.22/shr
BrightSpire Capital, Inc.
2022-Q1 EPS reported
$0.21
revenue$78,414,000
- GAAP net income $27.7M ($0.21/shr); Adjusted Distributable Earnings $28.8M ($0.22/shr).
- Net book value $11.26/shr; undepreciated book value $12.36/shr as of March 31, 2022.
- Committed $589M in new loans during Q1; total loan portfolio grew to $3.8B, up from $2.8B a year ago.
- Fifth consecutive quarterly dividend increase; CEO cited solid originations and positive net deployment.
- Loan portfolio diversified with 110 loans averaging $34M each.