BRMK - BRMK STOCK NEWS

Broadmark Realty Capital Inc. (NYSE: BRMK) will release its third quarter 2021 financial results after market close on November 8, 2021. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can access a webcast of the call on the company's website. Broadmark Realty Capital specializes in offering short-term, first deed of trust loans secured by real estate for acquisitions and renovations of residential and commercial properties.

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for October 2021. The dividend is payable on November 15, 2021, to stockholders of record as of October 29, 2021. This dividend highlights the company’s commitment to returning value to its shareholders and reflects a consistent income strategy.

Broadmark Realty Capital (NYSE: BRMK) announces a leadership transition as Jeffrey Pyatt will become Executive Chairman, succeeding Joseph Schocken, who retires on November 14, 2021. This marks two years since BRMK's public listing. The Board has initiated a search for a new President to bolster the executive team. Pyatt expressed optimism about the company’s future growth and success, highlighting the solid foundation laid by Schocken during his tenure.

Broadmark Realty Capital Inc. (NYSE: BRMK) has announced a cash dividend of $0.07 per share for September 2021. This dividend will be payable on October 15, 2021, to stockholders of record by September 30, 2021. The company operates as a secured real estate finance firm, providing short-term loans backed by real estate for various property developments.

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for August 2021. This dividend will be payable on September 15, 2021, to stockholders on record as of August 31, 2021. The company is known for providing short-term, secured loans for real estate projects, indicating its ongoing commitment to shareholder returns amid its financial activities.

Broadmark Realty Capital, trading on NYSE under the symbol BRMK, reported a strong second quarter for 2021, achieving total revenue of $29.2 million and GAAP net income of $18.3 million, equivalent to $0.14 per diluted common share. New loan originations totaled $212.3 million, with an active loan portfolio valued at $1.3 billion. The company also announced a $0.07 cash dividend, alongside plans to retire the Broadmark Private REIT with a projected purchase of $42 million in loan participations. The company maintains a solid liquidity position with $164 million in cash.

Broadmark Realty Capital (NYSE: BRMK) plans to release its second quarter 2021 financial results on August 9, 2021, after market close. A conference call to discuss these results will take place at 5:00 p.m. Eastern Time on the same day. Interested participants can access the webcast via the company website.

Broadmark Realty Capital Inc. (NYSE: BRMK) has announced the retirement of its private fund, Broadmark Private REIT, LLC, which participated in construction loans. This move, expected to have no significant impact on earnings, involves reallocating approximately $42 million in loan participations to BRMK. The liquidation and asset distribution to investors are set to be completed by the end of Q3 2021. According to CFO David Schneider, this decision reflects the company’s enhanced funding flexibility and plans to introduce a new private investment vehicle in the future.

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share, set to be paid on August 13, 2021, to stockholders on record as of July 30, 2021. This decision reflects the company's commitment to return value to its investors amidst its ongoing operations in secured real estate financing. Broadmark Realty specializes in short-term loans secured by real estate for property acquisition and development.