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

Rhea-AI Summary

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.

Positive

• Quarterly dividend of $0.20 per share announced.
• Company maintains a strong focus on commercial real estate debt investments.
• BrightSpire Capital is one of the largest publicly traded commercial real estate credit REITs.

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 September 30, 2022. The dividend is payable on October 14, 2022 to stockholders of record as of September 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/20220915005940/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?

BrightSpire Capital declared a dividend of $0.20 per share.

When is the dividend payable for BrightSpire Capital?

The dividend is payable on October 14, 2022.

What is the record date for BrightSpire Capital's dividend?

The record date for the dividend is September 30, 2022.

What company is BrightSpire Capital formerly known as?

BrightSpire Capital was formerly known as Colony Credit Real Estate.

What investment strategy does BrightSpire Capital focus on?

BrightSpire Capital primarily focuses on first mortgage loans and net leased properties.