BrightSpire Q4 2021 Earnings Report

BrightSpire Capital reported a net income of $81.0 million and Adjusted Distributable Earnings of $0.27 per share for Q4 2021.

Key Takeaways

BrightSpire Capital announced financial results for Q4 and full year 2021, reporting a GAAP net income of $81.0 million, or $0.63 per share, and Adjusted Distributable Earnings of $0.27 per share. The company deployed $490 million of capital into new loans during the quarter and $1.9 billion for the full year. BrightSpire Capital also appointed Andrew E. Witt as President.

Reported Q4 2021 GAAP net income attributable to common stockholders of $81.0 million, or $0.63 per share.

Distributable Earnings were $22.9 million, or $0.17 per share.

Adjusted Distributable Earnings for Q4 2021 was $36.1 million, or $0.27 per share.

Deployed $490 million of capital into new loans during the quarter.

Total Revenue

$61.6M

Previous year: $62.2M