Articles from BrightSpire Capital, Inc.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release first quarter 2025 financial results on Tuesday, April 29, 2025, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, April 30, 2025, at 10:00 a.m. ET / 7:00 a.m. PT.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.16 per share of Class A common stock for the quarter ending March 31, 2025. The dividend is payable on April 15, 2025 to stockholders of record as of March 31, 2025.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced the Board of Directors set March 24, 2025 as the record date for the Company's 2025 Annual Meeting of Stockholders. The 2025 Annual Meeting of Stockholders will be held virtually on May 14, 2025 at 10:00 am Eastern Time. Information on the virtual meeting will be included in the Company’s 2025 proxy statement.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2024 and certain updates. The Company reported fourth quarter 2024 GAAP net loss attributable to common stockholders of ($19.7) million, or ($0.16) per share, Distributable Earnings of $13.7 million, or $0.11 per share, and Adjusted Distributable Earnings of $23.7 million, or $0.18 per share. For the full year 2024, the Company reported GAAP net loss attributable to common stockholders of ($132.0) million, or ($1.05) per share, Distributable Earnings of $71.2 million, or $0.55 per share, and Adjusted Distributable Earnings of $109.2 million, or $0.84 per share. The Company reported GAAP net book value of $8.08 per share and undepreciated book value of $8.89 per share as of December 31, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced the tax treatment of its 2024 common stock dividends. The following table summarizes BrightSpire Capital’s common stock dividend payments for the tax year ended December 31, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release fourth quarter and full year 2024 financial results on Tuesday, February 18, 2025, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, February 19, 2025, at 10:00 a.m. ET / 7:00 a.m. PT.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.16 per share of Class A common stock for the quarter ending December 31, 2024. The dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter 2024 and certain updates. The Company reported third quarter 2024 GAAP net income attributable to common stockholders of $12.7 million, or $0.10 per share, Distributable Earnings of $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings of $27.0 million, or $0.21 per share. The Company reported GAAP net book value of $8.39 per share and undepreciated book value of $9.11 per share as of September 30, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release third quarter 2024 financial results on Tuesday, October 29, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, October 30, 2024, at 10:00 a.m. ET / 7:00 a.m. PT.

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.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter 2024 and certain updates. The Company reported second quarter 2024 GAAP net loss attributable to common stockholders of ($67.9) million, or ($0.53) per share, Distributable Earnings of $17.0 million, or $0.13 per share, and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share. The Company reported GAAP net book value of $8.41 per share and undepreciated book value of $9.08 per share as of June 30, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release second quarter 2024 financial results on Tuesday, July 30, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, July 31, 2024, at 10:00 a.m. ET / 7:00 a.m. PT.

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 June 30, 2024. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that Mike Mazzei, Chief Executive Officer, and other members of the senior management team will participate in a fireside chat presentation at Nareit’s REITweek: 2024 Investor Conference on Tuesday, June 4, 2024 at 1:30 pm ET. The fireside chat presentation will be moderated by Steve DeLaney, Managing Director, Equity Research and Director of Mortgage & Real Estate Finance Research at Citizens JMP.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter 2024 and certain updates. The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share. The Company reported GAAP net book value of $9.10 per share and undepreciated book value of $10.67 per share as of March 31, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release first quarter 2024 financial results before the market opens on Wednesday, May 1, 2024. 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.

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 March 31, 2024. The dividend is payable on April 15, 2024 to stockholders of record as of March 29, 2024.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced the Board of Directors set March 22, 2024 as the record date for the Company's 2024 Annual Meeting of Stockholders. The 2024 Annual Meeting of Stockholders will be held virtually on May 16, 2024 at 10:00 am Eastern Time. Information on the virtual meeting will be included in the Company’s 2024 proxy statement.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2023 and certain updates. The Company reported fourth quarter 2023 GAAP net loss attributable to common stockholders of ($16.3) million, or ($0.13) per share, Distributable Earnings of $25.4 million, or $0.20 per share, and Adjusted Distributable Earnings of $35.9 million, or $0.28 per share. For the full year 2023, the Company reported GAAP net loss attributable to common stockholders of ($15.5) million, or ($0.12) per share, Distributable Earnings of $66.1 million, or $0.51 per share, and Adjusted Distributable Earnings of $138.2 million, or $1.06 per share. The Company reported GAAP net book value of $9.83 per share and undepreciated book value of $11.35 per share as of December 31, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced the tax treatment of its 2023 common stock dividends. The following table summarizes BrightSpire Capital’s common stock dividend payments for the tax year ended December 31, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release fourth quarter and full year 2023 financial results before the market opens on Wednesday, February 21, 2024. 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.

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 December 31, 2023. The dividend is payable on January 12, 2024 to stockholders of record as of December 31, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter ended September 30, 2023 and certain updates. The Company reported third quarter 2023 GAAP net income attributable to common stockholders of $12.4 million, or $0.09 per share, Distributable Earnings of $31.0 million, or $0.24 per share, and Adjusted Distributable Earnings of $35.8 million, or $0.28 per share. The Company reported GAAP net book value of $10.11 per share and undepreciated book value of $11.55 per share as of September 30, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release third quarter 2023 financial results on Monday, October 30, 2023, after the market closes. The Company will conduct a conference call to discuss the results on Tuesday, October 31, 2023, at 11:00 a.m. ET / 8:00 a.m. PT.

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, 2023. The dividend is payable on October 13, 2023 to stockholders of record as of September 29, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter ended June 30, 2023 and certain updates. The Company reported second quarter 2023 GAAP net loss attributable to common stockholders of ($7.5) million, or ($0.06) per share, Distributable Earnings of $21.1 million, or $0.16 per share, and Adjusted Distributable Earnings of $32.0 million, or $0.25 per share. The Company reported GAAP net book value of $10.16 per share and undepreciated book value of $11.53 per share as of June 30, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release second quarter 2023 financial results before the market opens on Wednesday, August 2, 2023. 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.

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 June 30, 2023. The dividend is payable on July 14, 2023 to stockholders of record as of June 30, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that Mike Mazzei, Chief Executive Officer, and other members of the senior management team will participate in a fireside chat presentation at Nareit’s REITweek: 2023 Investor Conference on Wednesday, June 7, 2023 at 2:00 pm ET. The fireside chat presentation will be moderated by Stephen Laws, Managing Director, Mortgage REITs and Real Estate Finance at Raymond James, and a live audio webcast can be accessed from the ‘Shareholders’ section of the Company’s website at www.brightspire.com. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter ended March 31, 2023 and certain updates. The Company reported first quarter 2023 GAAP net loss attributable to common stockholders of $4.1 million, or $0.03 per share, Distributable Loss of $11.5 million, or $0.09 per share, and Adjusted Distributable Earnings of $34.5 million, or $0.27 per share. The Company reported GAAP net book value of $10.41 per share and undepreciated book value of $11.74 per share as of March 31, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release first quarter 2023 financial results before the market opens on Wednesday, May 3, 2023. 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.

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 March 31, 2023. The dividend is payable on April 17, 2023 to stockholders of record as of March 31, 2023.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced the Board of Directors set March 21, 2023 as the record date for the Company's 2023 Annual Meeting of Stockholders. The 2023 Annual Meeting of Stockholders will be held virtually on May 16, 2023 at 11:00 am Eastern Time. Information on the virtual meeting will be included in the Company’s 2023 proxy statement.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today the pricing of a secondary offering of 30,358,213 shares of its Class A common stock by a selling stockholder affiliated with DigitalBridge Group, Inc. (“DigitalBridge”) at a public offering price of $6.00 per share. The offering is expected to close on March 3, 2023, subject to customary closing conditions. Additionally, DigitalBridge has granted the underwriters a 30-day option to purchase up to 4,553,731 additional shares of the Company’s Class A common stock at the public offering price, less underwriting discounts and commissions.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today that a selling stockholder affiliated with DigitalBridge Group, Inc. (“DigitalBridge”) has commenced a secondary offering of 30,358,213 shares of BrightSpire Capital’s Class A common stock. The selling stockholder intends to grant the underwriters a 30-day option to purchase up to 4,553,731 additional shares of the Company’s Class A common stock.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2022, and certain updates. The Company reported fourth quarter 2022 GAAP net income attributable to common stockholders of $4.2 million, or $0.03 per share, Distributable Earnings of $34.2 million, or $0.27 per share, and Adjusted Distributable Earnings of $35.0 million, or $0.27 per share. For the full year 2022, the Company reported GAAP net income attributable to common stockholders of $45.8 million, or $0.34 per share, Distributable Earnings of $69.7 million, or $0.53 per share, and Adjusted Distributable Earnings of $127.5 million, or $0.98 per share. The Company reported GAAP net book value of $10.77 per share and undepreciated book value of $12.06 per share as of December 31, 2022.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced the tax treatment of its 2022 common stock dividends. The following table summarizes BrightSpire Capital’s common stock dividend payments for the tax year ended December 31, 2022.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release fourth quarter and full year 2022 financial results before the market opens on Tuesday, February 21, 2023. 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.

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 December 31, 2022. The dividend is payable on January 17, 2023 to stockholders of record as of December 31, 2022.

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.

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.

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.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter ended June 30, 2022 and certain updates. The Company reported second quarter 2022 GAAP net income attributable to common stockholders of $34.3 million, or $0.26 per share, and Distributable Earnings and Adjusted Distributable Earnings of $31.4 million, or $0.24 per share. The Company reported GAAP net book value of $11.26 per share and undepreciated book value of $12.42 per share as of June 30, 2022.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release second quarter 2022 financial results before the market opens on Wednesday, August 3, 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.

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 June 30, 2022. The dividend is payable on July 15, 2022 to stockholders of record as of June 30, 2022.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that Mike Mazzei, Chief Executive Officer, will participate in a fireside chat presentation at Nareit’s REITweek 2022 Investor Conference on Tuesday, June 7, 2022 at 9:30am ET at the New York Hilton Midtown hotel. The fireside chat presentation will also be audio webcast live over the Internet and can be accessed from the ‘Shareholders’ section of the Company’s website at www.brightspire.com. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors have authorized a stock repurchase program, under which the Company may repurchase up to $100 million of its outstanding Class A common stock until April 30, 2023 (the “Stock Repurchase Program”). Under the Stock Repurchase Program, the Company may repurchase shares in open market purchases, in privately negotiated transactions or otherwise. The Stock Repurchase Program will be utilized at management's discretion and in accordance with the requirements of the Securities and Exchange Commission. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate requirements and other conditions.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter ended March 31, 2022 and certain updates. The Company reported first quarter 2022 GAAP net income attributable to common stockholders of $27.7 million, or $0.21 per share, and Distributable Earnings and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share. The Company reported GAAP net book value of $11.26 per share and undepreciated book value of $12.36 per share as of March 31, 2022.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release first quarter 2022 financial results before the market opens on Tuesday, May 3, 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.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.19 per share of Class A common stock for the quarter ending March 31, 2022. The dividend is payable on April 15, 2022 to stockholders of record as of March 31, 2022.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2021 and certain updates. The Company reported fourth quarter 2021 GAAP net income attributable to common stockholders of $81.0 million, or $0.63 per share, and Distributable Earnings of $22.9 million, or $0.17 per share. Excluding realized gains and losses and provision for loan losses, Adjusted Distributable Earnings for the fourth quarter of 2021 was $36.1 million, or $0.27 per share. The Company reported GAAP net book value of $11.22 per share and undepreciated book value of $12.37 per share as of December 31, 2021.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release fourth quarter and full year 2021 financial results before the market opens on Tuesday, February 22, 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.

On December 22, 2021, subsidiaries of BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), announced the payoff of its “5-Investment Preferred Financing” following a co-invest portfolio sale. In conjunction with finalizing its year-end results and accounting for the resolution of the co-invest portfolio sale and “5-Investment Preferred Financing payoff”, management projects that the combination of these transactions should result in an adjusted net increase of approximately $0.20 to the Company’s GAAP book value and approximately $0.35 to undepreciated book value, in each case, approximately $0.33 less than previously reported on December 22, 2021. Fourth quarter 2021 results will be set forth in further detail in the Company’s upcoming annual report on Form 10-K for the fiscal year ended December 31, 2021.

On December 22, 2021, subsidiaries of BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), one of the largest publicly traded commercial real estate (CRE) credit REITs, completed the payoff of its “5-Investment Preferred Financing”, previously provided by the Vintage Funds within Goldman Sachs Asset Management. While 4 of the underlying investments were sold in the Company’s recently closed co-invest portfolio sale, the payoff of this preferred financing also allows the Company to take back 100% ownership of its triple-net warehouse distribution portfolio leased to a national grocery chain.

On December 20, 2021, BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), one of the largest publicly traded commercial real estate (CRE) credit REITs, closed the previously announced sale of 5 historical development and/or non-accrual assets to managed vehicles of Fortress Investment Group LLC (“Fortress”), a leading, diversified global investment manager, for gross proceeds of $223 million (the “Co-Invest Portfolio Sale”). The Company received net transaction proceeds of approximately $198 million, primarily due to offsetting distributions from the underlying investments that were received by the Company between signing and closing.

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.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter ended September 30, 2021 and certain updates. The Company reported third quarter 2021 GAAP net loss attributable to common stockholders of $(70.1) million, or $(0.54) per share, and Distributable Loss of $(68.4) million, or $(0.51) per share. Excluding realized losses and fair value adjustments, Adjusted Distributable Earnings of $35.0 million, or $0.26 per share. The Company reported GAAP net book value of $11.04 per share and undepreciated book value of $12.00 per share as of September 30, 2021.

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.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release third quarter 2021 financial results before the market opens on Wednesday, November 3, 2021. The Company will conduct a conference call to discuss the results the same day at 7:00 a.m. PT / 10:00 a.m. ET.

BrightSpire Capital, Inc. (NYSE: BRSP) (the “Company”) today announced that the Company’s senior management team is scheduled to conduct virtual meetings with investors at the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference on September 21-22, 2021. For more information on scheduling a meeting with the Company, please contact investor relations or your Bank of America Merrill Lynch representative.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today the pricing of a secondary offering of 8,250,000 shares of its Class A common stock by a selling stockholder affiliated with DigitalBridge Group, Inc. (“DigitalBridge”) at a public offering price of $9.00 per share. The offering is expected to close on August 13, 2021, subject to customary closing conditions. Additionally, DigitalBridge has granted the underwriters a 30-day option to purchase up to 1,237,500 additional shares of the Company’s Class A common stock at the public offering price, less underwriting discounts and commissions.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today that a selling stockholder affiliated with DigitalBridge Group, Inc. (“DigitalBridge”) has commenced a secondary offering of 8,250,000 shares of BrightSpire Capital’s Class A common stock. The selling stockholder intends to grant the underwriters a 30-day option to purchase up to 1,237,500 additional shares of the Company’s Class A common stock.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter ended June 30, 2021 and certain updates. The Company reported second quarter 2021 GAAP net loss attributable to common stockholders of $(19.7) million, or $(0.15) per share, and Distributable Loss of $(27.1) million, or $(0.20) per share. Excluding realized losses on sales and fair value adjustments, Adjusted Distributable Earnings were $27.0 million, or $0.20 per share. The Company reported GAAP net book value of $11.75 per share and undepreciated book value of $12.66 per share as of June 30, 2021.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company closed BRSP 2021-FL1, an $800 million managed Commercial Real Estate Collateralized Loan Obligation (the “CRE CLO”). The CRE CLO is collateralized by interests in 31 floating-rate mortgages secured by 41 properties, with an 83.75% initial advance rate at a weighted average coupon at issuance of L+149%, before transaction costs. The asset collateral is located across 11 states and primarily consists of multifamily properties, with the remainder collateralized by office and self-storage. The structure features a two-year reinvestment period.

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), formerly known as Colony Credit Real Estate, Inc. (NYSE: CLNC), one of the largest publicly traded commercial real estate (CRE) credit REITs, today announced it has reached an agreement to sell a majority of its historical development and/or non-accrual assets to managed vehicles of Fortress Investment Group LLC (“Fortress”), a leading, diversified global investment manager, for gross proceeds of $223 million (the “Co-Invest Portfolio Sale”). The proceeds are substantially in line with the Company’s aggregate GAAP and undepreciated book value of the underlying assets as of March 31, 2021.

BrightSpire Capital, Inc. (“BrightSpire Capital” or the “Company”) announced today its successful name change from Colony Credit Real Estate, Inc. The Company has also changed its principal place of business and corporate headquarters from Los Angeles to New York City, now to be located at 590 Madison Avenue, 33rd Floor, New York, NY 10022. The Company will continue to be publicly traded on the New York Stock Exchange, with trading to begin under its new ticker symbol, BRSP, at market open on June 25, 2021. As previously announced, the Company’s Class A common stock will bear a new CUSIP number of 10949T 109.