BrightSpire Capital Announces $0.20 Per Share Dividend for Second Quarter 2023
June 16 2023 - 8:30AM
Business Wire
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.
About BrightSpire Capital,
Inc.
BrightSpire Capital, Inc. (NYSE: BRSP) 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 and net leased properties predominantly in the United
States. CRE debt investments primarily consist of first mortgage
loans, which we expect to be the primary investment strategy.
BrightSpire Capital is organized as a Maryland corporation and
taxed as a REIT for U.S. federal income tax purposes. For
additional information regarding the Company and its management and
business, please refer to www.brightspire.com.
Cautionary Statement Regarding
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Among others, the following
uncertainties and other factors could cause actual results to
differ from those set forth in the forward-looking statements:
operating costs and business disruption may be greater than
expected; uncertainties regarding the ongoing impact of the novel
coronavirus (COVID-19) and its adverse impact on the real estate
market, the economy and the Company’s investments, financial
condition and business operation; the Company's operating results
may differ materially from the information presented in the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, as well as in the Company’s other filings with
the Securities and Exchange Commission; the fair value of the
Company's investments may be subject to uncertainties (including
impacts associated with accelerating inflationary trends, recent
and potential further interest rate increases, the volatility of
interest rates, credit spreads and the transition from LIBOR to
SOFR, increased market volatility affecting commercial real estate
businesses and public securities); whether the Company will achieve
its anticipated Distributable Earnings per share (as adjusted), or
maintain or produce higher Distributable Earnings per share (as
adjusted) in the near term or ever; the Company’s ability to
maintain or grow the dividend at all in the future; and the impact
of legislative, regulatory, tax and competitive changes, and the
actions of government authorities and in particular those affecting
the commercial real estate finance and mortgage industry or our
business. The foregoing list of factors is not exhaustive.
Additional information about these and other factors can be found
in Part I, Item 1A of the Company’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2022, as well as in BrightSpire
Capital’s other filings with the Securities and Exchange
Commission. Moreover, each of the factors referenced above are
likely to also be impacted directly or indirectly by the ongoing
impact of COVID-19 and investors are cautioned to interpret
substantially all of such statements and risks as being heightened
as a result of the ongoing impact of the COVID-19.
We caution investors not to unduly rely on any forward-looking
statements. The forward-looking statements speak only as of the
date of this press release. BrightSpire Capital is under no duty to
update any of these forward-looking statements after the date of
this press release, nor to conform prior statements to actual
results or revised expectations, and BrightSpire Capital does not
intend to do so. Past performance is not indicative nor a guarantee
of future results.
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Investor Relations
BrightSpire Capital, Inc. Addo Investor Relations Anne
McGuinness 310-829-5400 brsp@addo.com
BrightSpire Capital (NYSE:BRSP)
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