BrightSpire Q1 2024 Earnings Report

BrightSpire Capital reported a net loss for Q1 2024 and focused on maintaining balance sheet liquidity.

Key Takeaways

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.

GAAP net loss attributable to common stockholders was ($57.1) million, or ($0.45) per share.

Distributable Earnings were $22.5 million, or $0.17 per share.

Adjusted Distributable Earnings were $29.7 million, or $0.23 per share.

Company reported GAAP net book value of $9.10 per share as of March 31, 2024.

Total Revenue

$55.6M

Previous year: $58.6M