BrightSpire Capital Q1 2024 GAAP net loss of $57.1M ($0.45/share); distributable earnings $0.17/share

BrightSpire Capital, Inc.

2024-Q1 EPS reported -$0.45 revenue$95,767,000

GAAP net loss attributable to common stockholders of $57.1M ($0.45 per share) for Q1 2024.
Distributable Earnings of $22.5M ($0.17 per share); Adjusted Distributable Earnings of $29.7M ($0.23 per share).
GAAP net book value per share: $9.10; undepreciated book value per share: $10.67 as of March 31, 2024.
CEO Michael J. Mazzei noted continued focus on balance sheet and maintaining ample liquidity until market conditions improve.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BrightSpire Capital, Inc. reported first quarter ended March 31, 2024 results: net income ($57.1) million, or ($0.45) per share, EPS ($0.45) per share.

Period: first quarter ended March 31, 2024
Net income: ($57.1) million, or ($0.45) per share
EPS: ($0.45) per share
Result: reported results

Exact text from the filing

The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share.

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Source: SEC EDGAR

accession 0001717547-24-000041

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