BrightSpire Capital, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 04:13 pm
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BrightSpire Capital, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 21.78 million compared to USD 24.8 million a year ago. Net income was USD 34.29 million compared to net loss of USD 19.72 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to diluted loss per share from continuing operations of USD 0.15 a year ago.
For the six months, sales was USD 45.95 million compared to USD 50.52 million a year ago. Net income was USD 62.01 million compared to net loss of USD 112.03 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to basic loss per share from continuing operations of USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to diluted loss per share from continuing operations of USD 0.87 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. 
