Broadmark Realty Capital Declares Monthly Dividend for March 2023

Rhea-AI Summary

Broadmark Realty Capital Inc. (NYSE: BRMK) has declared a cash dividend of $0.035 per share for March 2023. This dividend will be payable on April 14, 2023 to shareholders on record as of March 31, 2023. As a specialty real estate finance company, Broadmark provides funding solutions typically ranging from $5 to $75 million. The company manages its own balance sheet and offers a variety of financing structures to support diverse real estate projects across the United States.

Positive

• The declaration of a cash dividend of $0.035 per share demonstrates ongoing shareholder returns and confidence in financial stability.
• Broadmark's diverse investment range indicates strong market positioning across various asset classes.

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 March 2023. The dividend will be payable on April 14, 2023 to stockholders of record as of March 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/20230315005755/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?

Broadmark Realty Capital has declared a cash dividend of $0.035 per share.

When will Broadmark Realty Capital's dividend be paid?

The dividend will be payable on April 14, 2023.

What is the record date for Broadmark Realty Capital's dividend?

The record date for the dividend is March 31, 2023.

What types of financing does Broadmark Realty Capital provide?

Broadmark provides financing solutions in the range of $5 million to $75 million, including various debt capital structures.