BrightSpire Capital Q1 GAAP net loss $0.03/shr; Adj. Distributable Earnings $0.27/shr

BrightSpire Capital, Inc.

2023-Q1 EPS reported -$0.03 revenue$110,278,000

GAAP net loss attributable to common stockholders of $4.1M, or $0.03 per share.
Distributable Loss of $11.5M, or $0.09 per share.
Adjusted Distributable Earnings of $34.5M, or $0.27 per share.
GAAP net book value $10.41/shr; undepreciated book value $11.74/shr as of 3/31/23.
CEO cites focus on asset/liability management and maintaining high cash balances.

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