Brightspire Capital Inc Stock Price, News & Analysis

BrightSpire Capital (NYSE: BRSP) announced its plan to release first quarter 2023 financial results on May 3, 2023, before market opening. The company will hold a conference call to discuss these results at 10:00 a.m. ET on the same day. Interested parties can join by dialing (877) 407-0784 for U.S. callers or (201) 689-8560 for international access, starting ten minutes before the call. A live webcast will also be available on the company’s website, with the replay accessible from 1:00 p.m. ET on May 3 until May 10, 2023. BrightSpire Capital focuses on originating and managing a diversified portfolio of commercial real estate debt investments primarily in the U.S., emphasizing first mortgage loans.

BrightSpire Capital (NYSE: BRSP) has declared a dividend of $0.20 per share for the quarter ending March 31, 2023. This dividend is payable on April 17, 2023, to stockholders of record as of March 31, 2023. BrightSpire Capital is a leading commercial real estate credit REIT, primarily focusing on originating and managing debt investments in U.S. real estate. The company is internally managed and operates with a diversified portfolio strategy.

BrightSpire Capital, Inc. (NYSE: BRSP) announced that March 21, 2023, is the record date for the 2023 Annual Meeting of Stockholders, scheduled virtually for May 16, 2023, at 11:00 am ET. This meeting will provide stockholders with information on the company's performance and future strategies. BrightSpire is a significant player in the commercial real estate (CRE) sector, primarily focused on CRE debt investments, including first mortgage loans. The company is structured as a Maryland corporation and operates as a REIT for U.S. tax purposes. Investors can find more details on the company's website.

BrightSpire Capital announced the pricing of a secondary offering of 30,358,213 shares of its Class A common stock at $6.00 per share, set to close on March 3, 2023. This offering is conducted by a selling stockholder linked to DigitalBridge Group, Inc., who has granted underwriters a 30-day option to buy an additional 4,553,731 shares. BrightSpire will not sell any shares or receive proceeds from this offering, which is made under an effective shelf registration statement. Major managers include J.P. Morgan, Barclays, and BofA Securities.

BrightSpire Capital (NYSE: BRSP) announced a secondary offering of 30,358,213 shares of its Class A common stock by a selling stockholder affiliated with DigitalBridge Group. The underwriters will also have a 30-day option to purchase an additional 4,553,731 shares. BrightSpire will not offer any shares or receive proceeds from this transaction. Notably, none of the company’s directors or officers are involved in this offering. J.P. Morgan and Barclays are the underwriters for the offering, which is linked to a registration statement. Interested parties may obtain the prospectus when available.

BrightSpire Capital (NYSE: BRSP) reported its financial results for Q4 and full year 2022. The company achieved a GAAP net income of $4.2 million for Q4, or $0.03 per share, and a full-year GAAP net income of $45.8 million, or $0.34 per share. Distributable Earnings for Q4 totaled $34.2 million ($0.27 per share) and $69.7 million ($0.53 per share) for the full year. The company declared a quarterly cash dividend of $0.20 per share for Q4, paid on January 17, 2023. As of December 31, 2022, the GAAP net book value was $10.77 per share.

BrightSpire Capital (NYSE: BRSP) has announced the tax treatment of its 2022 common stock dividends, revealing various amounts distributed for the tax year ending December 31, 2022. Notably, $0.770 per share in total distributions was recorded, with $0.636693 as taxable ordinary dividends. The company clarified that the dividend declared on December 14, 2022, will be treated as a 2023 distribution for tax purposes. Stockholders are advised to review their 2022 tax statements and consult tax professionals for individual implications. The company focuses on commercial real estate credit and is organized as a Maryland corporation, taxed as a REIT.

BrightSpire Capital (NYSE: BRSP) will release its fourth quarter and full year 2022 financial results on February 21, 2023, before market opening. A conference call is scheduled for 10:00 a.m. ET on the same day to discuss these results. Participants can join via telephone or through the company's website. A replay will be available from 1:00 p.m. ET on February 21 until February 28, 2023. BrightSpire Capital focuses on commercial real estate debt investments, primarily originating and managing first mortgage loans.