BrightSpire Capital Q3 GAAP NI $12.7M ($0.10/shr); Adj Distributable Earnings $0.21/shr

BrightSpire Capital, Inc.

2024-Q3 EPS reported -$0.89 revenue$275,336,000

GAAP net income $12.7M ($0.10/shr) vs prior periods; Distributable Earnings $17.9M ($0.14/shr).
Adjusted Distributable Earnings $27.0M ($0.21/shr); book value $8.39/shr, undepreciated $9.11/shr.
CEO cites new CRE CLO, share repurchases, resumed originations, and watchlist reductions as key actions.
Quarterly results reflect continued portfolio resolution and focus on earnings growth through new loans.

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