BrightSpire Q1 2021 Earnings Report

Reported a net loss and distributable earnings for Q1 2021, increased dividend by 40%, and closed or committed on $1 billion in senior loans.

Key Takeaways

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.

Reported GAAP net loss attributable to common stockholders of $(92.3) million, or $(0.71) per share.

Distributable Earnings of $13.8 million, or $0.10 per share.

Adjusted Distributable Earnings were $18.0 million, or $0.14 per share.

Increased second quarter dividend by 40% to $0.14 per share.

Total Revenue

$50M

Previous year: $89.8M