BrightSpire Capital Q2 GAAP net income $34.3M ($0.26/sh); raises dividend to $0.20/sh

BrightSpire Capital, Inc.

2022-Q2 EPS reported $0.47 revenue$163,785,000

GAAP net income $34.3M ($0.26/sh); Adjusted Distributable Earnings $31.4M ($0.24/sh).
GAAP book value $11.26/sh; undepreciated book value $12.42/sh as of June 30, 2022.
Quarterly dividend increased to $0.20 per share (prior dividend not disclosed).
CEO cites robust originations; maintaining higher cash liquidity amid 'risk off' conditions.
Company selectively quoting new loans; ready to resume active lending when macro improves.

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