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

Rhea-AI Summary

BrightSpire Capital (NYSE: BRSP) has declared a quarterly dividend of $0.20 per share for Class A common stock, payable on July 15, 2022. Stockholders of record by June 30, 2022 will receive this payout. The company, formerly known as Colony Credit Real Estate (NYSE: CLNC), focuses on originating and managing a diversified portfolio of commercial real estate debt investments in the U.S.

Positive

• Declared a quarterly dividend of $0.20 per share, enhancing shareholder returns.
• Company is one of the largest publicly traded CRE credit REITs, indicating stability and market confidence.

Negative

• None.

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 June 30, 2022. The dividend is payable on July 15, 2022 to stockholders of record as of June 30, 2022.

About BrightSpire Capital, Inc.

BrightSpire Capital, Inc. (NYSE: BRSP), formerly Colony Credit Real Estate, Inc. (NYSE: CLNC), 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220615005907/en/

Investor Relations

BrightSpire Capital, Inc.

Addo Investor Relations

Lasse Glassen

310-829-5400

Source: BrightSpire Capital, Inc.

FAQ

What is the dividend amount for BrightSpire Capital (BRSP)?

The dividend amount declared is $0.20 per share.

When will the dividend for BRSP be paid?

The dividend is payable on July 15, 2022.

Who will receive the dividend from BrightSpire Capital?

Shareholders of record as of June 30, 2022, will receive the dividend.

What is BrightSpire Capital's primary business focus?

BrightSpire Capital focuses on originating and managing commercial real estate debt investments.