STOCK TITAN

CLNC Stock Price, News & Analysis

CLNC NYSE

Welcome to our dedicated page for CLNC news (Ticker: CLNC), a resource for investors and traders seeking the latest updates and insights on CLNC stock.

Colony Credit Real Estate (CLNC) provides institutional-quality commercial real estate financing through its REIT structure. This news hub offers investors and analysts a centralized resource for tracking CLNC's financial developments and market positioning.

Access timely updates including quarterly earnings reports, debt investment announcements, and portfolio management strategies. Our curated collection enables stakeholders to monitor CLNC's first mortgage loan activities, net-leased property acquisitions, and responses to CRE market trends.

All content is verified through primary sources, with direct links to official SEC filings and company communications. The archive includes strategic partnership announcements, balance sheet updates, and management commentary from Colony Capital executives.

Bookmark this page for streamlined access to CLNC's financial disclosures and operational updates. Combine our news tracking with fundamental analysis tools for comprehensive investment research in the commercial real estate credit sector.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

BrightSpire Capital (NYSE: BRSP) reported a GAAP net loss of $(20.5) million or $(0.16) per share for Q3 2022. The Distributable Loss stood at $(24.7) million or $(0.19) per share, while Adjusted Distributable Earnings were $32.3 million or $0.25 per share. The company's net book value was $10.87 per share. CEO Michael J. Mazzei noted a focus on maintaining high cash balances amidst rising rates, leading to a slowdown in loan originations. The dividend declared was $0.20 per share for Q3 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary

BrightSpire Capital reported its second-quarter financial results for 2022, showing a GAAP net income of $34.3 million or $0.26 per share. The company achieved Distributable Earnings of $31.4 million, with Adjusted Distributable Earnings at $0.24 per share. The GAAP net book value stood at $11.26 per share. Additionally, a quarterly dividend of $0.20 per share was declared, up from $0.19 in the previous quarter. CEO Michael J. Mazzei emphasized a conservative approach to liquidity amid current market conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
-
Rhea-AI Summary

BrightSpire Capital (NYSE: BRSP) has approved a stock repurchase program allowing for the buyback of up to $100 million of its Class A common stock until April 30, 2023. This program aims to enhance shareholder value while ensuring sufficient funds for the company's operations and origination pipeline. CEO Michael Mazzei emphasized the strategic use of excess cash to boost stock value and support long-term growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
-
Rhea-AI Summary

BrightSpire Capital (NYSE: BRSP) reported strong financial results for the first quarter of 2022, with a GAAP net income of $27.7 million or $0.21 per share. The company's Distributable Earnings reached $28.8 million, translating to $0.22 per share. As of March 31, 2022, the GAAP net book value was $11.26 per share. The capital commitment for new loans amounted to $589 million, increasing the total loan portfolio to $3.8 billion, up from $2.8 billion a year earlier.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
CLNC

NYSE:CLNC

CLNC Rankings

CLNC Stock Data

Trusts, Estates, and Agency Accounts
Finance and Insurance
Link
US
Los Angeles