BrightSpire Q4 2019 Earnings Report

Announced fourth quarter and full year 2019 financial results and Andrew E. Witt was appointed Interim Chief Executive Officer and President.

Key Takeaways

Colony Credit Real Estate reported a GAAP net income of $34.0 million, or $0.26 per share, for the fourth quarter of 2019. The company is executing on its Portfolio Bifurcation Plan and closed a $1 billion managed Commercial Real Estate Collateralized Loan Obligation during the quarter.

GAAP net income attributable to common stockholders was $34.0 million, or $0.26 per share.

Core Earnings were $43.0 million, or $0.33 per share.

Closed a $1 billion managed Commercial Real Estate Collateralized Loan Obligation (CLO).

Allocated and initially funded approximately $123 million and $77 million of capital across one senior loan and one mezzanine loan with a weighted average Return on Equity (“ROE”) of approximately 12%.

Total Revenue

$89.1M

Previous year: $84.3M