BRMK - BRMK STOCK NEWS

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.035 per share for December 2022. This dividend will be payable on January 17, 2023, to shareholders of record as of December 30, 2022. As a specialty real estate finance company, Broadmark provides financing solutions ranging from $5 to $75 million across various property types in the United States. The company operates as an internally managed balance sheet lender, focusing on rapid, reliable solutions.

Broadmark Realty Capital (NYSE: BRMK) announced a cash dividend of $0.035 per share for November 2022, payable on December 15, 2022. This decision reflects the company's commitment to align its dividend with distributable earnings amid challenging economic conditions. Interim CEO Jeff Pyatt emphasized the importance of preserving capital to enhance liquidity and secure long-term shareholder interests.

Broadmark Realty Capital announced a $75 million stock repurchase plan to enhance shareholder value while navigating economic challenges. In Q3 2022, the company reported total revenue of $27.1 million, net income of $2.6 million, and significant loan activities, including $137.9 million in new originations. Despite non-performing loans totaling $115.4 million, Broadmark maintains robust liquidity with $196.1 million available, allowing for strategic repositioning. The CEO emphasized a disciplined approach to capitalize on emerging opportunities.

Broadmark Realty Capital Inc. (NYSE: BRMK) has appointed Jeffrey Pyatt as Interim CEO and Kevin Luebbers as Interim President, following the resignation of Brian Ward from these positions. The Board is actively seeking a permanent CEO. Additionally, Jonathan Hermes will serve as Chief Financial Officer effective December 1, 2022, succeeding David Schneider, who will assist in the transition. The leadership change aims to enhance financial discipline and effectively navigate changing economic conditions while maintaining strong performance in the real estate finance arena.

Broadmark Realty Capital (NYSE: BRMK) announced it will release its Q3 2022 financial results after market close on November 7, 2022. A conference call to discuss these results will be held at 5:00 p.m. Eastern Time the same day, with a webcast accessible via the company’s website. Broadmark specializes in real estate finance, delivering solutions ranging from $5 million to $75 million for various property types across the United States, benefiting from an internally managed approach.

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.

Broadmark Realty Capital (NYSE: BRMK) announced the resignation of David Schneider, Chief Financial Officer, effective December 31, 2022. His departure is due to a new opportunity at a non-competing private firm. Schneider will assist in the transition until a successor is appointed. The CEO lauded Schneider's contributions and highlighted the company's strong leadership team. The resignation is not linked to any disputes over accounting or financial practices. Broadmark will initiate a search for a new CFO.

Broadmark Realty Capital (NYSE: BRMK) has launched its new logo and website, marking a significant branding evolution under CEO Brian Ward. The company announced its first mezzanine loan of $10 million for the acquisition of the Town and Country Square retail center in Issaquah, Wash.. This investment is part of Broadmark's strategy to diversify its product offerings. Additionally, a $25 million loan was provided for a self-storage portfolio across Georgia and Tennessee.

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for September 2022. This dividend will be payable on October 17, 2022 to stockholders of record as of September 30, 2022.

Broadmark is a specialty real estate finance firm, offering financing solutions in the range of $2 to $75 million per transaction across various property types in the United States.