BrightSpire Capital ( NYSE:BRSP ) First Quarter 2024 Results Key Financial Results Revenue: US$95.8m (down 13% from 1Q...
Despite a net loss, BrightSpire Capital showcases robust distributable earnings and strong liquidity in a challenging quarter.
NEW YORK, May 01, 2024--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