Colony Credit Real Estate, Inc. Announces First Quarter 2019 Earnings Results and Conference Call Date
April 16 2019 - 9:00AM
Business Wire
Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit
Real Estate” or the “Company”) today announced it will release
first quarter 2019 financial results after the market closes on
Wednesday, May 8, 2019. The Company will conduct a conference call
to discuss the results the same day at 2:00 p.m. PT / 5:00 p.m.
ET.
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 and
use passcode 13689689. 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.clncredit.com. A webcast of the call will
be available for 90 days on the Company’s website.
For those unable to participate during the live call, a replay
will be available starting May 8, 2018 at 5:00 p.m. PT / 8:00 p.m.
ET, through May 15, 2019, at 8:59 p.m. PT / 11:59 p.m. ET. To
access the replay, dial (844) 512-2921 (U.S.), and use passcode
13689689. International callers should dial (412) 317-6671 and
enter the same conference ID number.
About Colony Credit Real Estate, Inc.
Colony Credit Real Estate (NYSE: CLNC) is 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 senior mortgage
loans, mezzanine loans, preferred equity, debt securities and net
leased properties predominantly in the United
States. Colony Credit Real Estate is externally managed
by a subsidiary of leading global real estate and investment
management firm, Colony Capital, Inc. Colony Credit Real
Estate is organized as a Maryland corporation that
intends to elect to be taxed as a REIT for U.S. federal income tax
purposes for its taxable year ending December 31, 2019. For
additional information regarding the Company and its management and
business, please refer to www.clncredit.com.
Forward Looking Statement
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; 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, 2018; the
fair value of the Company's investments may be subject to
uncertainties; the Company's use of leverage could hinder its
ability to make distributions and may significantly impact its
liquidity position; given the Company's dependence on its external
manager, an affiliate of Colony Capital, Inc., any adverse
changes in the financial health or otherwise of its manager
or Colony Capital, Inc. could hinder the Company's operating
performance and return on stockholder's investment; the ability to
realize substantial efficiencies as well as anticipated strategic
and financial benefits, including, but not limited to expected
returns on equity and/or yields on investments; the Company's
liquidity, including its ability to continue to generate liquidity
by more accelerated sales of certain lower yielding and non-core
assets; the timing of and ability to deploy available capital; the
Company’s ability to maintain or grow the dividend at all in the
future; the timing of and ability to complete repurchases of the
Company’s stock; the ability of the Company to refinance certain
mortgage debt on similar terms to those currently existing or at
all; and the impact of legislative, regulatory and competitive
changes. 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, 2018, as well as in Colony
Credit Real Estate’s other filings with the Securities and
Exchange Commission.
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. Colony Credit Real Estate 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 Colony Credit Real Estate does not intend to do
so.
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Investor RelationsColony Credit Real Estate, Inc.Addo
Investor RelationsLasse Glassen310-829-5400
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