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.
Company is focused on growing earnings and the dividend over time and expects benefits from loan origination activity.
Analyze how earnings announcements historically affect stock price performance