BTIG Research initiated coverage on Colony Credit Real Estate
$CLNC
Real Estate Investment Trusts
Consumer Services
BTIG Research initiated coverage of Colony Credit Real Estate with a rating of Neutral
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BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") announced that the Company priced BRSP 2024-FL2, a $675 million managed Commercial Real Estate Collateralized Loan Obligation (the "2024-FL2 CLO") on August 1, 2024. The transaction is scheduled to close on August 15, 2024. The 2024-FL2 CLO is collateralized by interests in 22 first-lien floating-rate mortgages secured by 25 properties, with an 86.50% initial advance rate at a weighted average coupon at issuance of Term SOFR+2.47%, before transaction costs. The asset collateral is located across 9 states and primarily consists of multifamily properties (74.3%), mixed-use (13.8%), hospitality (7.1%), office (2.8
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the third quarter ended September 30, 2022 and certain updates. The Company reported third quarter 2022 GAAP net loss attributable to common stockholders of $(20.5) million, or $(0.16) per share, and Distributable Loss of $(24.7) million, or $(0.19) per share. Excluding specific CECL reserves, Adjusted Distributable Earnings of $32.3 million, or $0.25 per share. The Company reported GAAP net book value of $10.87 per share and undepreciated book value of $12.08 per share as of September 30, 2022. Michael J. Mazzei, Chief Executive Officer, commented, "BrightSpire Capital
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release third quarter 2022 financial results before the market opens on Wednesday, November 2, 2022. The Company will conduct a conference call to discuss the results the same day at 10:00 a.m. ET/ 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call will be available
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the third quarter ended September 30, 2022 and certain updates. The Company reported third quarter 2022 GAAP net loss attributable to common stockholders of $(20.5) million, or $(0.16) per share, and Distributable Loss of $(24.7) million, or $(0.19) per share. Excluding specific CECL reserves, Adjusted Distributable Earnings of $32.3 million, or $0.25 per share. The Company reported GAAP net book value of $10.87 per share and undepreciated book value of $12.08 per share as of September 30, 2022. Michael J. Mazzei, Chief Executive Officer, commented, "BrightSpire Capital
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release third quarter 2022 financial results before the market opens on Wednesday, November 2, 2022. The Company will conduct a conference call to discuss the results the same day at 10:00 a.m. ET/ 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call will be available
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 an
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") announced today the appointment of Catherine Long, former founding member, executive vice president, chief financial officer, treasurer and assistant secretary of STORE Capital Corporation (NYSE:STOR), as an independent director to the Company's Board of Directors and member of its audit committee. Following the appointment of Ms. Long effective December 1, 2021, the increased Board of Directors now comprises 7 directors, 6 of whom are independent. "We are pleased to welcome Catherine Long to the BrightSpire Capital Board of Directors," said Catherine D. Rice, independent chairwoman of BrightSpire Capital. "Cath
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced the appointment of Kim S. Diamond, former founding executive of Kroll Bond Rating Agency and managing director at Standard & Poor's, as an independent director to the Company's Board of Directors. Following the appointment of Ms. Diamond effective October 13, 2021, the increased Board will now comprise 6 directors, 5 of whom are independent. "We are pleased to welcome Kim Diamond to the BrightSpire Capital Board of Directors," said Catherine D. Rice, independent chairwoman of BrightSpire Capital. "Kim's extensive background in commercial real estate credit and risk oversight will be invaluable to
LOS ANGELES--(BUSINESS WIRE)--Colony Credit Real Estate, Inc. (NYSE: CLNC) (the “Company”) today announced the appointment of Frank V. Saracino as Chief Financial Officer and Treasurer of the Company, effective January 1, 2021. The Board of Directors of the Company have unanimously approved the appointment of the Company’s Chief Accounting Officer, Frank V. Saracino, 54, as Chief Financial Officer and Treasurer of the Company. Mr. Saracino will continue as the Chief Accounting Officer of the Company. “We are fortunate to have Frank elevate in his role and continue to provide comprehensive financial, accounting and reporting leadership and experience to the Company,” said Michael
4 - Colony Credit Real Estate, Inc. (0001717547) (Issuer)
4 - Colony Credit Real Estate, Inc. (0001717547) (Issuer)
4 - Colony Credit Real Estate, Inc. (0001717547) (Issuer)
SC 13D/A - Colony Credit Real Estate, Inc. (0001717547) (Subject)
SC 13D/A - Colony Credit Real Estate, Inc. (0001717547) (Subject)
SC 13D/A - Colony Credit Real Estate, Inc. (0001717547) (Subject)
BTIG Research initiated coverage of Colony Credit Real Estate with a rating of Neutral
BTIG Research initiated coverage of Colony Credit Real Estate with a rating of Neutral
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
10-Q - Colony Credit Real Estate, Inc. (0001717547) (Filer)
8-K - Colony Credit Real Estate, Inc. (0001717547) (Filer)