BrightSpire Capital reports Q3 adjusted EPS 28c, consensus 21c

Michael J. Mazzei, CEO, commented, “BrightSpire Capital reported quarterly Adjusted Distributable Earnings of 28c per share and undepreciated book value of $11.55 per share. While we reported another quarter of strong dividend coverage and a slight increase to book value, we remain focused on asset and liability management and maintaining high cash balances until market conditions improve.”