Broadmark Realty Capital Declares Monthly Dividend for January 2023

Rhea-AI Summary

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.035 per share for January 2023. This dividend is set to be paid on February 15, 2023 to shareholders on record as of January 31, 2023. As a specialty real estate finance company, Broadmark offers financing solutions ranging from $5 million to $75 million, covering diverse property types across the United States, including offices, hotels, and multifamily housing.

Positive

• Dividend declared at $0.035 per share, enhancing shareholder income.
• Diverse financing solutions across multiple property types, showcasing business versatility.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- Broadmark Realty Capital Inc. (NYSE: BRMK) (“Broadmark” or the “Company”), a specialty real estate finance company, announced today that its Board of Directors has declared a cash dividend of $0.035 per share of common stock for January 2023. The dividend will be payable on February 15, 2023 to stockholders of record as of January 31, 2023.

About Broadmark Realty Capital
Broadmark is a specialty real estate finance company, providing financing solutions generally in the $5 to $75 million range per transaction. The company provides smart, reliable, rapid solutions across the entire debt capital stack, including senior, subordinate, and participation investments with fixed and floating rate structures available. Broadmark invests in a variety of new construction and existing properties across all asset classes throughout the United States, including hotel, industrial, medical, mixed-use, office, retail, self-storage, warehouse, multifamily, senior living, student housing, condos, larger scaled single-family, townhome, and multiplex. It has the competitive advantage of being an internally managed balance sheet lender, and the company’s proactive approach delivers dedicated in-house underwriting, asset management, loan servicing, and draw administration.

Forward Looking Statements

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These statements are based on the current expectations and are not predictions of actual performance. In addition, actual results are subject to other risks and uncertainties that relate more broadly to the Company’s overall business, including those more fully described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and the Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005896/en/

Investor Relations

InvestorRelations@broadmark.com

206-623-7782

Source: Broadmark Realty Capital Inc.

FAQ

What is the dividend amount declared by Broadmark Realty Capital for January 2023?

Broadmark Realty Capital declared a dividend of $0.035 per share for January 2023.

When is the payment date for the dividend declared by BRMK?

The dividend will be payable on February 15, 2023.

Who is eligible to receive the dividend from Broadmark Realty Capital?

Shareholders on record as of January 31, 2023, are eligible to receive the dividend.

What types of financing does Broadmark Realty Capital provide?

Broadmark provides financing solutions typically ranging from $5 million to $75 million for various property types.

What kind of properties does Broadmark invest in?

Broadmark invests in a variety of properties, including hotels, industrial, medical, office, retail, and multifamily housing.