BrightSpire Q2 2023 Earnings Report

BrightSpire Capital reported a net loss, but adjusted distributable earnings were positive.

Key Takeaways

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.

GAAP net loss attributable to common stockholders was ($7.5) million, or ($0.06) per share.

Distributable Earnings were $21.1 million, or $0.16 per share.

Adjusted Distributable Earnings were $32.0 million, or $0.25 per share.

GAAP net book value was $10.16 per share as of June 30, 2023.

Total Revenue

$55.2M

Previous year: $55.3M