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Broadmark Realty Capital Inc. (NYSE: BRMK) has declared a cash dividend of $0.07 per share for June 2021, marking a continued commitment to return value to its shareholders. The dividend will be payable on July 15, 2021, to stockholders of record as of June 30, 2021. As an internally managed secured real estate finance company, Broadmark Realty Capital specializes in short-term loans secured by real estate, facilitating the acquisition and development of properties across various market conditions.
Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for May 2021. This dividend is set to be paid on June 15, 2021, to stockholders recorded by May 28, 2021. The company operates as a secured real estate finance entity, primarily offering short-term loans secured by real estate for property acquisition, renovation, and development. This consistent dividend demonstrates the company's commitment to returning value to its shareholders.
Broadmark Realty Capital reported first-quarter results for 2021, highlighting total revenue of $29.5 million and a net income attributable to common stockholders of $20.4 million ($0.15 per diluted share). New loan originations reached $149 million, supported by a strong housing demand. The active loan portfolio stood at $1.3 billion, despite having 29 loans in contractual default totaling $191.9 million. The company announced a $0.07 dividend per common share, payable May 14, 2021. A new $135 million credit facility was also secured to enhance liquidity.
Broadmark Realty Capital Inc. (NYSE: BRMK) will report its Q1 2021 financial results on May 10, 2021, after market close. A conference call to discuss these results is scheduled for 5:00 p.m. Eastern Time on the same day. Investors can access the live webcast on the Company’s website.
As a secured real estate finance company, Broadmark Realty Capital focuses on short-term loans supported by real estate, providing funding options for both residential and commercial properties while managing its portfolio through varied market conditions.
Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for April 2021. This dividend will be payable on May 14, 2021 to stockholders of record as of April 30, 2021. The company focuses on providing secured real estate finance through short-term loans.
Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for March 2021. This dividend will be paid on April 15, 2021, to shareholders of record as of March 31, 2021. Broadmark Realty, an internally managed secured real estate finance company, specializes in short-term loans for residential and commercial property acquisition and development. This dividend announcement reflects the company's commitment to returning income to its shareholders.
Broadmark Realty Capital Inc. (NYSE: BRMK) announced the filing of a prospectus supplement with the SEC for an at-the-market equity offering program, which may raise up to $200 million by selling shares of common stock. The proceeds will be utilized for general corporate purposes, particularly in financing the company's lending activities. The shares will be sold through various agents utilizing methods defined under applicable regulations. This initiative supports Broadmark's strategy in commercial real estate financing, focusing on short-term loans secured by real estate.
Broadmark Realty Capital reported strong fourth-quarter and full-year 2020 results, with total revenue of $32.5 million for Q4 and $122.4 million for the year. The company's net income for Q4 was $22.4 million ($0.17 per share), while the annual net income was $90.2 million ($0.68 per share). New loan originations totaled $194.8 million in Q4 and $626.6 million for the year. The company maintains a robust liquidity position with $223.4 million in cash and a new $135 million revolving credit facility. A cash dividend of $0.07 per share was declared for February and March 2021.
Broadmark Realty Capital Inc. (NYSE: BRMK) has secured a new $135 million revolving credit facility with a three-year term, enhancing its access to competitively-priced capital. The facility, arranged by JPMorgan Chase Bank, allows the company to manage cash more efficiently and supports its lending activities. Historically, Broadmark has operated without debt, but this new credit line aligns with its goal to optimize cash management. David Schneider, CFO, expressed enthusiasm about the support from their banking group and the potential for future growth.
Broadmark Realty Capital (NYSE: BRMK) announced a cash dividend of $0.07 per share of common stock for February 2021. This dividend will be payable on March 15, 2021, to stockholders of record as of February 26, 2021. The company operates as an internally managed real estate finance firm, offering short-term loans secured by real estate to support the acquisition and development of properties.
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