earnings
confidence high
sentiment positive
materiality 0.50
BrightSpire Capital Q3 GAAP net income $0.09/sh; Adjusted Distributable Earnings $0.28/sh
BrightSpire Capital, Inc.
2023-Q3 EPS reported
$0.01
revenue$312,322,000
- GAAP net income $12.4M ($0.09/sh); Distributable Earnings $31.0M ($0.24/sh); Adjusted Distributable Earnings $35.8M ($0.28/sh).
- GAAP book value $10.11/sh; undepreciated book value $11.55/sh as of Sep 30, 2023.
- CEO cites strong dividend coverage and slight book value increase; maintains high cash balances amid market uncertainty.
- Supplemental Financial Report available on company website and furnished as Exhibit 99.2.