BrightSpire Q3 2024 Earnings Report

BrightSpire Capital's financial performance for Q3 2024 was announced, featuring net income, distributable earnings, and adjusted distributable earnings.

Key Takeaways

BrightSpire Capital reported a productive third quarter with GAAP net income of $12.7 million, or $0.10 per share. Distributable Earnings were $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings reached $27.0 million, or $0.21 per share.

GAAP net income attributable to common stockholders was $12.7 million, or $0.10 per share.

Distributable Earnings amounted to $17.9 million, or $0.14 per share.

Adjusted Distributable Earnings totaled $27.0 million, or $0.21 per share.

GAAP net book value was $8.39 per share, and undepreciated book value was $9.11 per share as of September 30, 2024.

Total Revenue

$49.3M

Previous year: $59.1M