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BrightSpire Capital (NYSE: BRSP) has announced the pricing of a $675 million Commercial Real Estate Collateralized Loan Obligation (CLO) named BRSP 2024-FL2. The transaction, set to close on August 15, 2024, is backed by 22 first-lien floating-rate mortgages secured by 25 properties across 9 states. The CLO features an 86.50% initial advance rate and a weighted average coupon of Term SOFR+2.47% at issuance.
The asset collateral primarily consists of multifamily properties (74.3%), with mixed-use, hospitality, office, and industrial properties making up the remainder. The structure includes a two-year reinvestment period and $85 million in available proceeds for a six-month ramp-up period. Moody's and Fitch have assigned top ratings to the senior certificates.
Additionally, BrightSpire Capital announced the redemption of its CLNC 2019-FL1 securitization on August 19, 2024.
BrightSpire Capital (NYSE: BRSP) reported a GAAP net loss of
BrightSpire Capital (NYSE: BRSP) is set to release its third quarter 2022 financial results on November 2, 2022, before market opening. A conference call to discuss the results will follow at 10:00 a.m. ET. Participants can access the call by dialing in or through the company's website. A replay will be available from 1:00 p.m. ET the same day until November 9, 2022. BrightSpire Capital is a leading publicly traded commercial real estate credit REIT, specializing in CRE debt investments across the U.S.
BrightSpire Capital (NYSE: BRSP) announced a quarterly dividend of $0.20 per share for Class A common stock, payable on October 14, 2022, to shareholders on record as of September 30, 2022. The company, formerly known as Colony Credit Real Estate (NYSE: CLNC), focuses on commercial real estate credit investments and is one of the largest publicly traded REITs in this sector. BrightSpire Capital's investment strategy primarily includes first mortgage loans and net leased properties in the U.S.
BrightSpire Capital reported its second-quarter financial results for 2022, showing a GAAP net income of
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.
BrightSpire Capital (NYSE: BRSP) will hold investor meetings and a fireside chat at Nareit’s REITweek 2022 conference on June 7-8, 2022. CEO Mike Mazzei will present on June 7 at 9:30am ET at the Hilton Midtown in New York. The session will be live-streamed on the company’s website, with a replay available afterward. Interested investors can contact Investor Relations at 424-238-6249 to schedule meetings. BrightSpire Capital focuses on commercial real estate credit as a REIT, primarily investing in CRE debt and net leased properties in the U.S.
BrightSpire Capital (NYSE: BRSP) has approved a stock repurchase program allowing for the buyback of up to
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.
