BrightSpire Earnings Reports

BrightSpire Capital, Inc. had a productive first quarter in 2025, marked by positive net deployment, reduced leverage, and stable watchlist and CECL reserves. The company reported GAAP net income of $5.3 million and Distributable Earnings of $11.4 million.

BrightSpire Capital, Inc. reported a GAAP net loss of $19.7 million for Q4 2024, or $0.16 per share. The company achieved Distributable Earnings of $13.7 million and Adjusted Distributable Earnings of $23.7 million, while maintaining liquidity and focusing on resolving watchlist and REO assets.

BrightSpire Capital reported a productive third quarter with GAAP net income of $12.7 million, or $0.10 per share. Distributable Earnings were $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings reached $27.0 million, or $0.21 per share.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of ($67.9) million, or ($0.53) per share. Distributable Earnings were $17.0 million, or $0.13 per share, and Adjusted Distributable Earnings were $28.8 million, or $0.22 per share. The company's book value was reduced, largely driven by legacy office equity investments, leading to a dividend reduction.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, for the first quarter of 2024. Distributable Earnings were $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings were $29.7 million, or $0.23 per share. The company is focused on maintaining ample liquidity.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of ($16.3) million, or ($0.13) per share for Q4 2023. Distributable Earnings were $25.4 million, or $0.20 per share, and Adjusted Distributable Earnings were $35.9 million, or $0.28 per share.

BrightSpire Capital announced its financial results for the third quarter ended September 30, 2023. The company reported a GAAP net income of $12.4 million, or $0.09 per share, Distributable Earnings of $31.0 million, or $0.24 per share, and Adjusted Distributable Earnings of $35.8 million, or $0.28 per share.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of ($7.5) million, or ($0.06) per share, Distributable Earnings of $21.1 million, or $0.16 per share, and Adjusted Distributable Earnings of $32.0 million, or $0.25 per share for the second quarter of 2023.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of $4.1 million, or $0.03 per share, for the first quarter of 2023. The company is focused on asset and liability management and maintaining high cash balances.

BrightSpire Capital reported a net income of $4.2 million, or $0.03 per share, Distributable Earnings of $34.2 million, or $0.27 per share, and Adjusted Distributable Earnings of $35.0 million, or $0.27 per share for Q4 2022.

BrightSpire Capital reported a GAAP net loss of $(20.5) million, or $(0.16) per share, and a Distributable Loss of $(24.7) million, or $(0.19) per share. However, Adjusted Distributable Earnings, excluding specific CECL reserves, were $32.3 million, or $0.25 per share.

BrightSpire Capital announced its Q2 2022 financial results, reporting a GAAP net income of $34.3 million, or $0.26 per share, and Adjusted Distributable Earnings of $31.4 million, or $0.24 per share.

BrightSpire Capital reported a successful first quarter with a net income of $27.7 million, or $0.21 per share, and Distributable Earnings and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share.

BrightSpire Capital announced financial results for Q4 and full year 2021, reporting a GAAP net income of $81.0 million, or $0.63 per share, and Adjusted Distributable Earnings of $0.27 per share. The company deployed $490 million of capital into new loans during the quarter and $1.9 billion for the full year. BrightSpire Capital also appointed Andrew E. Witt as President.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of $(70.1) million, or $(0.54) per share, and Distributable Loss of $(68.4) million, or $(0.51) per share. However, Adjusted Distributable Earnings were $35.0 million, or $0.26 per share. The company deployed $519 million of capital into new loans.

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of $(19.7) million, or $(0.15) per share, for the second quarter of 2021. Adjusted Distributable Earnings were $27.0 million, or $0.20 per share. The company increased its quarterly dividend from $0.14 to $0.16 per share for the third quarter of 2021.

Colony Credit Real Estate reported a GAAP net loss of $(92.3) million, or $(0.71) per share, and Distributable Earnings of $13.8 million, or $0.10 per share for the first quarter of 2021. Excluding realized gains and losses on sales and fair value adjustments, Adjusted Distributable Earnings were $18.0 million, or $0.14 per share. The company increased its second quarter dividend by 40% to $0.14 per share and closed or committed on $1 billion in senior loans.

Colony Credit Real Estate, Inc. reported a GAAP net loss attributable to common stockholders of $(52.5) million, or $(0.41) per share for Q4 2020. However, the company's adjusted distributable earnings were $26.1 million, or $0.20 per share. The company has $588 million cash-on-hand.

Colony Credit Real Estate, Inc. announced its Q3 2020 financial results, reporting a GAAP net income of $5.0 million, or $0.04 per share, and total Core/LNS Earnings of $39.7 million, or $0.30 per share. Adjusted Core/LNS Earnings were $31.0 million, or $0.24 per share. The company's unrestricted cash balance is approximately $438 million, or $3.33 per share.

Colony Credit Real Estate reported a GAAP net loss of $(227.1) million, or $(1.77) per share, and Core/LNS Earnings of $(230.5) million, or $(1.75) per share for Q2 2020. These losses were primarily due to loan losses and fair value adjustments. The company more than doubled its liquidity to approximately $525 million and reduced its recourse financing by over $600 million through strategic asset sales and financing.

Colony Credit Real Estate reported a GAAP net loss attributable to common stockholders of $(78.8) million, or $(0.62) per share, and total Core Earnings / Legacy, Non-Strategic Earnings of $11.5 million, or $0.09 per share for the first quarter ended March 31, 2020.

Colony Credit Real Estate reported a GAAP net income of $34.0 million, or $0.26 per share, for the fourth quarter of 2019. The company is executing on its Portfolio Bifurcation Plan and closed a $1 billion managed Commercial Real Estate Collateralized Loan Obligation during the quarter.