Welcome to our dedicated page for BrightSpire Capital news (Ticker: BRSP), a resource for investors and traders seeking the latest updates and insights on BrightSpire Capital stock.
BrightSpire Capital, Inc. (NYSE: BRSP) is an internally-managed commercial real estate credit REIT. The company specializes in originating, acquiring, financing, and managing a diversified portfolio of commercial real estate debt and net lease real estate investments, primarily within the United States. By investing in CRE debt instruments, BrightSpire Capital aims to generate consistent risk-adjusted returns for its stakeholders.
Originally known as Colony Credit Real Estate, Inc. (CLNC), the company underwent a significant internalization of its management and operations, leading to a rebranding on April 30, 2021. The transformation brought a new level of focus and dedication to its business model.
The company's core business segments include Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, and Corporate and Other. These segments allow BrightSpire Capital to offer a range of solutions across the capital stack, ensuring flexibility and stability.
The team at BrightSpire Capital includes seasoned real estate finance professionals with a demonstrated track record. They are committed to providing flexible solutions and prioritizing stability, clarity, and collaboration in all processes and deal executions.
Recent achievements and projects include the successful origination and management of first mortgage loans, which have proven effective in meeting the company's objectives. Additionally, geographically, the company generates its revenue predominantly from operations within the United States.
The latest news and updates about BrightSpire Capital, Inc. are essential for stakeholders wishing to stay informed about the company's performance, events, and developments. For the most current data, refer to news sources directly from BrightSpire Capital, Inc.
BrightSpire Capital (NYSE: BRSP) has approved a stock repurchase program allowing for the buyback of up to
DigitalBridge Group reported first quarter 2022 revenues of $257 million with a GAAP net loss of $(262) million or $(0.46) per share. Despite this loss, the company generated $1.6 million in Distributable Earnings (DE) and Adjusted Funds From Operations (AFFO). The Board declared cash dividends for its Series H, I, and J preferred stocks, scheduled for payment on July 15, 2022. CEO Marc Ganzi emphasized strategic transactions that support their investment management platform and progress towards becoming a full-stack digital infrastructure investor.
BrightSpire Capital (NYSE: BRSP) reported strong financial results for the first quarter of 2022, with a GAAP net income of
BrightSpire Capital, Inc. (NYSE: BRSP) will release its first quarter 2022 financial results on May 3, 2022. A conference call to discuss the results will be held the same day at 10:00 a.m. ET. Participants can join by dialing (877) 407-0784 for U.S. callers or (201) 689-8560 for international calls. A replay of the call will be available from 1:00 p.m. ET on May 3 until 11:59 p.m. ET on May 10, 2022. BrightSpire focuses on commercial real estate debt investments, primarily first mortgage loans.
BrightSpire Capital (NYSE: BRSP) has announced a quarterly dividend of $0.19 per share of Class A common stock for the period ending March 31, 2022. The payment will be made on April 15, 2022 to stockholders of record as of March 31, 2022. BrightSpire Capital is one of the largest publicly traded commercial real estate credit REITs in the U.S., focusing on diversified portfolios of CRE debt investments and net leased properties.
BrightSpire Capital, Inc. (NYSE: BRSP) announced that March 18, 2022, is the record date for its 2022 Annual Meeting of Stockholders, which will take place virtually on May 5, 2022, at 11:00 am Eastern Time. Details for the virtual meeting will be provided in the Company's 2022 proxy statement. BrightSpire Capital is a prominent publicly traded commercial real estate credit REIT, focusing on a diversified portfolio of CRE debt investments and properties primarily in the U.S.
DigitalBridge Group reported $256 million in total revenues for Q4 2021 while facing a GAAP net loss of $(21) million, or $(0.04) per share. The company highlighted a successful year, rotating $78 billion in assets under management within three years and doubling revenue in its digital businesses. DigitalBridge aims to leverage its investor-operator model for future growth. Dividends for preferred stock have been declared and will be paid in 2022. A conference call on financial results is scheduled for February 24, 2022.
BrightSpire Capital (NYSE: BRSP) announced its Q4 and full-year 2021 financial results, reporting a GAAP net income of $81.0 million ($0.63/share) and distributable earnings of $22.9 million ($0.17/share). Adjusted distributable earnings were $36.1 million ($0.27/share). The company experienced significant growth in its loan portfolio, increasing from $2.4 billion to $3.5 billion year-over-year. Andrew E. Witt has been appointed as President, focusing on business operations while continuing as COO. A quarterly cash dividend of $0.18 was declared for Q4 2021.
BrightSpire Capital (NYSE: BRSP) will release its fourth quarter and full year 2021 financial results on February 22, 2022, before the market opens. A conference call to discuss these results is scheduled for the same day at 10:00 a.m. ET. Investors can join the call by dialing (877) 407-0784 or via the company’s website. A replay will be available from 1:00 p.m. ET on February 22 until March 1, 2022. BrightSpire is a significant player in the commercial real estate credit sector, focusing on originating and managing a diversified portfolio of CRE debt investments.
BrightSpire Capital (NYSE: BRSP) announced on December 22, 2021, the payoff of its "5-Investment Preferred Financing" following a co-invest portfolio sale. This transaction is projected to increase the Company's GAAP book value by approximately $0.20 and undepreciated book value by about $0.35. Notably, these figures are around $0.33 lower than previously communicated. The detailed fourth quarter results will be available in the upcoming annual report on Form 10-K for the fiscal year ending December 31, 2021.
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