BrightSpire Capital, Inc. Announces Fourth Quarter & Full Year 2022 Financial Results

Feb 21, 2023

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.

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