BrightSpire Capital, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 21, 2023 at 08:53 am
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BrightSpire Capital, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 21.98 million compared to USD 25.74 million a year ago. Net income was USD 4.24 million compared to USD 81.05 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.63 a year ago.
For the full year, sales was USD 90.19 million compared to USD 102.63 million a year ago. Net income was USD 45.79 million compared to net loss of USD 101.05 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to basic loss per share from continuing operations of USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to diluted loss per share from continuing operations of USD 0.79 a year ago.
BrightSpire Capital, Inc. is a commercial real estate (CRE) credit real estate investment trust. The Company is 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. The Company's segments include Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, and Corporate and Other. The Senior and Mezzanine Loans and Preferred Equity segment has CRE debt investments, including senior loans, mezzanine loans, and preferred equity interests, as well as participation in such loans. Net Leased and Other Real Estate segment include direct investments in commercial real estate with long-term leases to tenants on a net lease basis. The Corporate and Other includes corporate-level asset management and other fees. The Company has offices in New York, New York and Los Angeles, California.
BRIGHTSPIRE CAPITAL, INC. 
