BrightSpire Q3 2020 Earnings Report

Colony Credit Real Estate reported net income and Core/LNS Earnings for Q3 2020, balance sheet solidified, and focus shifted towards building earnings and redeploying cash.

Key Takeaways

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.

Reported Q3 2020 GAAP net income of $5.0 million, or $0.04 per share.

Total Core/LNS Earnings were $39.7 million, or $0.30 per share.

Adjusted Core/LNS Earnings were $31.0 million, or $0.24 per share.

Unrestricted cash balance of approximately $438 million, or $3.33 per share.

Total Revenue

$66.9M

Previous year: $90.4M