BrightSpire Capital Announces $0.20 Per Share Dividend for Fourth Quarter 2022

Rhea-AI Summary

BrightSpire Capital (NYSE: BRSP) has declared a quarterly dividend of $0.20 per share for Class A common stock, covering the period ending December 31, 2022. The dividend is set to be paid on January 17, 2023 to stockholders of record as of December 31, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders and maintaining dividend payments amid the dynamic commercial real estate landscape.

Positive

• Dividend of $0.20 per share demonstrates commitment to shareholders.

Negative

• Concerns about sustaining future dividend payments due to market volatility.

NEW YORK--(BUSINESS WIRE)-- BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending December 31, 2022. The dividend is payable on January 17, 2023 to stockholders of record as of December 31, 2022.

About BrightSpire Capital, Inc.

BrightSpire Capital, Inc. (NYSE: BRSP) is internally managed and one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE debt investments primarily consist of first mortgage loans, which we expect to be the primary investment strategy. BrightSpire Capital is organized as a Maryland corporation and taxed as a REIT for U.S. federal income tax purposes. For additional information regarding the Company and its management and business, please refer to www.brightspire.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: uncertainties regarding the ongoing impact of the novel coronavirus (COVID-19) and its adverse impact on the real estate market, the economy and the Company’s investments, financial condition and business operation; whether the Company will achieve its anticipated Distributable Earnings per share (as adjusted), or maintain or produce higher Distributable Earnings per share (as adjusted) in the near term or ever; the Company’s ability to maintain or grow the dividend at all in the future; and the impact of legislative, regulatory, tax and competitive changes, and the actions of government authorities and in particular those affecting the commercial real estate finance and mortgage industry or our business. The foregoing list of factors is not exhaustive. Additional information about these and other factors can be found in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as well as in BrightSpire Capital’s other filings with the Securities and Exchange Commission. Moreover, each of the factors referenced above are likely to also be impacted directly or indirectly by the ongoing impact of COVID-19 and investors are cautioned to interpret substantially all of such statements and risks as being heightened as a result of the ongoing impact of the COVID-19.

We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. BrightSpire Capital is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and BrightSpire Capital does not intend to do so. Past performance is not indicative nor a guarantee of future results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221214005171/en/

Investor Relations

BrightSpire Capital, Inc.

Addo Investor Relations

Lasse Glassen

310-829-5400

Source: BrightSpire Capital, Inc.

FAQ

What is the dividend amount declared by BrightSpire Capital for Q4 2022?

BrightSpire Capital declared a dividend of $0.20 per share for the fourth quarter of 2022.

When will BrightSpire Capital's dividend be paid?

The dividend will be paid on January 17, 2023.

Who qualifies for the BrightSpire Capital dividend?

Stockholders of record as of December 31, 2022, will qualify for the dividend.

How does the dividend impact BrightSpire Capital's shareholders?

The dividend reflects the company's commitment to returning value to shareholders, although concerns about future sustainability exist.