BrightSpire Q4 2020 Earnings Report

Reported a net loss and a distributable loss, but adjusted distributable earnings were positive, balance sheet stabilized and organization pivoted to offense.

Key Takeaways

Colony Credit Real Estate, Inc. reported a GAAP net loss attributable to common stockholders of $(52.5) million, or $(0.41) per share for Q4 2020. However, the company's adjusted distributable earnings were $26.1 million, or $0.20 per share. The company has $588 million cash-on-hand.

GAAP net loss attributable to common stockholders was $(52.5) million, or $(0.41) per share.

Distributable Loss of $(25.7) million, or $(0.20) per share.

Adjusted Distributable Earnings of $26.1 million, or $0.20 per share.

Company will be reinstituting a quarterly dividend of $0.10 per share for the first quarter of 2021.

Total Revenue

$62.2M

Previous year: $89.1M