BrightSpire

May 07, 2020

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Mar 31, 2020

BrightSpire Q1 2020 Earnings Report

Announced first quarter 2020 financial results and certain updates.

Key Takeaways

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.

Michael J. Mazzei joined as Chief Executive Officer and President of the Company on April 1, 2020

First quarter 2020 GAAP net income (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.

GAAP net book value of $2.0 billion, or $14.85 per share and undepreciated book value of $2.1 billion, or $16.12 per share, as of March 31, 2020

As of May 6, 2020, total corporate liquidity of approximately $255 million through cash-on-hand and availability under the corporate revolving credit facility.

Total Revenue

$89.8M

Previous year: $85.3M