BrightSpire Capital reports Q4 EPS 28c, consensus 24c

BrightSpire Capital announced its financial results for the fourth quarter and full year ended December 31 and certain updates. The Company reported fourth quarter 2023 GAAP net loss attributable to common stockholders of $16.3MM, or 13c) per share, Distributable Earnings of $25.4 M or 20c per share, and Adjusted Distributable Earnings of $35.9 M, or 28c per share Michael J. Mazzei, Chief Executive Officer, commented, “The Company produced strong quarterly and yearly results, all while continuing to maintain liquidity. We are making progress on watchlist assets and should see more results in the coming quarters. These efforts, if successful, should put us in a place where we can begin to redeploy capital.”