BrightSpire Q2 GAAP net loss $67.9M; dividend cut to $0.16/share

BrightSpire Capital, Inc.

2024-Q2 EPS reported -$0.99 revenue$187,184,000

GAAP net loss to common stockholders of ($67.9M), or ($0.53) per diluted share.
Distributable earnings $17.0M ($0.13/sh); Adjusted Distributable Earnings $28.8M ($0.22/sh).
GAAP book value $8.41/sh; undepreciated book value $9.08/sh as of June 30.
Board declared Q3 dividend of $0.16/sh, payable Oct 15 to holders of record Sep 30.
CEO cites legacy office equity investments driving book value decline and dividend reduction.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.