Broadmark Realty Capital Declares Monthly Dividend for October 2022

Rhea-AI Summary

Broadmark Realty Capital Inc. (NYSE: BRMK) has declared a cash dividend of $0.07 per share of common stock for October 2022. The dividend is set to be payable on November 15, 2022, to stockholders of record as of October 31, 2022. As a specialty real estate finance company, Broadmark provides flexible financing solutions within the $2 to $75 million range across diverse asset classes in the United States.

Positive

• Declared a cash dividend of $0.07 per share, indicating confidence in financial stability.
• Strong positioning in the real estate finance sector with versatile financing solutions.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), a specialty real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for October 2022. The dividend will be payable on November 15, 2022 to stockholders of record as of October 31, 2022.

About Broadmark Realty Capital
Broadmark is a specialty real estate finance company, providing financing solutions generally in the $2 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/20221017005336/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 $0.07 per share.

When will the dividend be payable?

The dividend will be payable on November 15, 2022.

What is the record date for the dividend?

The record date for the dividend is October 31, 2022.

What type of company is Broadmark Realty Capital?

Broadmark Realty Capital is a specialty real estate finance company.

What is the range of financing solutions offered by Broadmark?

Broadmark offers financing solutions generally in the $2 million to $75 million range per transaction.