BrightSpire Q4 2023 Earnings Report

BrightSpire Capital reported a net loss for Q4 2023, while maintaining liquidity and making progress on watchlist assets.

Key Takeaways

BrightSpire Capital reported a GAAP net loss attributable to common stockholders of ($16.3) million, or ($0.13) per share for Q4 2023. Distributable Earnings were $25.4 million, or $0.20 per share, and Adjusted Distributable Earnings were $35.9 million, or $0.28 per share.

Q4 2023 GAAP net loss attributable to common stockholders was ($16.3) million, or ($0.13) per share.

Q4 2023 Distributable Earnings were $25.4 million, or $0.20 per share.

Q4 2023 Adjusted Distributable Earnings were $35.9 million, or $0.28 per share.

The company maintains liquidity and is making progress on watchlist assets.