earnings
confidence high
sentiment positive
materiality 0.70
BrightSpire Q4 GAAP net loss $16.3M, Distributable Earnings $25.4M
BrightSpire Capital, Inc.
2023-FY EPS reported
-$0.12
revenue$415,081,000
- Q4 GAAP net loss ($0.13) per share; Distributable Earnings $0.20 per share; Adjusted Distributable Earnings $0.28 per share.
- Full year 2023 GAAP net loss ($15.5)M ($0.12/sh); Distributable Earnings $66.1M ($0.51/sh); Adjusted Distributable Earnings $138.2M ($1.06/sh).
- GAAP book value $9.83 per share, undepreciated book value $11.35 per share as of Dec 31, 2023.
- CEO cited strong quarterly and yearly results, liquidity maintained, and progress on watchlist assets.