BrightSpire Capital, Inc. Announces First Quarter 2024 Financial Results
BrightSpire Capital, Inc. Class A (BRSP)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter 2024 and certain updates. The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share. The Company reported GAAP net book value of $9.10 per share and undepreciated book value of $10.67 per share as of March 31, 2024.Michael J. Mazzei, Chief Executive Officer, commented, “We continue to remain focused on the balance sheet and maintaining ample liquidity until market conditions improve.”Supplemental Financial ReportA First Quarter 2024 Supplemental Financial Report is available on the Shareholders – Events and Presentations section of the Company’s website at www.brightspire.com. This information will be furnished t
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News
- We Think Shareholders Are Less Likely To Approve A Large Pay Rise For BrightSpire Capital, Inc.'s (NYSE:BRSP) CEO For Now [Yahoo! Finance]Yahoo! Finance
- BrightSpire Capital, Inc. (NYSE: BRSP) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.MarketBeat
- BrightSpire Capital, Inc. (NYSE:BRSP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- BrightSpire Capital, Inc. (NYSE: BRSP) had its price target lowered by analysts at Barclays PLC from $8.00 to $7.00. They now have an "equal weight" rating on the stock.MarketBeat
- Leading Conference Organizer IMN Launches AI in Real Estate Conference on June 11 in New York City [Yahoo! Finance]Yahoo! Finance
BRSP
Earnings
- 5/1/24 - In-Line
BRSP
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 3/29/24 - Form 4
- BRSP's page on the SEC website