BrightSpire Q3 2023 Earnings Report

BrightSpire Capital reported adjusted distributable earnings and focused on asset and liability management.

Key Takeaways

BrightSpire Capital announced its financial results for the third quarter ended September 30, 2023. The company reported a GAAP net income of $12.4 million, or $0.09 per share, Distributable Earnings of $31.0 million, or $0.24 per share, and Adjusted Distributable Earnings of $35.8 million, or $0.28 per share.

GAAP net income attributable to common stockholders was $12.4 million, or $0.09 per share.

Distributable Earnings were $31.0 million, or $0.24 per share.

Adjusted Distributable Earnings were $35.8 million, or $0.28 per share.

GAAP net book value was $10.11 per share and undepreciated book value was $11.55 per share.

Total Revenue

$59.1M

Previous year: $55.2M