BrightSpire Q3 2021 Earnings Report

BrightSpire Capital reported a net loss and distributable loss, but adjusted distributable earnings increased compared to the previous quarter.

Key Takeaways

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of $(70.1) million, or $(0.54) per share, and Distributable Loss of $(68.4) million, or $(0.51) per share. However, Adjusted Distributable Earnings were $35.0 million, or $0.26 per share. The company deployed $519 million of capital into new loans.

GAAP net loss attributable to common stockholders was $(70.1) million, or $(0.54) per share.

Distributable Loss was $(68.4) million, or $(0.51) per share.

Adjusted Distributable Earnings were $35.0 million, or $0.26 per share.

Deployed $519 million of capital into new loans during the quarter.

Total Revenue

$60.7M

Previous year: $66.9M