BrightSpire Q4 GAAP net loss $19.7M, Distributable Earnings $13.7M

BrightSpire Capital, Inc.

2024-FY EPS reported -$1.05 revenue$358,805,000

Q4 2024 GAAP net loss $19.7M ($0.16/sh); Distributable Earnings $13.7M ($0.11/sh); Adjusted DE $23.7M ($0.18/sh).
Full year 2024 GAAP net loss $132.0M ($1.05/sh); Distributable Earnings $71.2M ($0.55/sh); Adjusted DE $109.2M ($0.84/sh).
GAAP net book value $8.08/sh; undepreciated book value $8.89/sh as of Dec 31, 2024.
CEO Michael Mazzei cites new loan originations and watchlist resolutions; expects continued portfolio growth and earnings.

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