NYSE$BRSP

BrightSpire Capital Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Colony Credit Real Estate reported net income and Core/LNS Earnings for Q3 2020, balance sheet solidified, and focus shifted towards building earnings and redeploying cash.

Colony Credit Real Estate, Inc. announced its Q3 2020 financial results, reporting a GAAP net income of $5.0 million, or $0.04 per share, and total Core/LNS Earnings of $39.7 million, or $0.30 per share. Adjusted Core/LNS Earnings were $31.0 million, or $0.24 per share. The company's unrestricted cash balance is approximately $438 million, or $3.33 per share.

  • Reported Q3 2020 GAAP net income of $5.0 million, or $0.04 per share.
  • Total Core/LNS Earnings were $39.7 million, or $0.30 per share.
  • Adjusted Core/LNS Earnings were $31.0 million, or $0.24 per share.
  • Unrestricted cash balance of approximately $438 million, or $3.33 per share.

Headline financials

Total Revenue

$96.8M

Previous: $118M-18.0%
EPS (adj)

$0.18

Previous: $0.34-47.1%
Capital Expenditures

$0.00

Previous: -$16.8M+100.0%
Free Cash Flow

$5.01M

Previous: -$373M+101.3%
Net Income

$5.01M

Previous: -$356M+101.4%
Operating Income

$62.4M

Previous: -$743M+108.4%
Gross Profit

$86.4M

Previous: -$124M+169.8%
Cash & Equivalents

$462M

Previous: $60.3M+665.7%
Total Assets

$6.51B

Previous: $7.44B-12.5%
Stock-Based Comp

$1.37M

No prior period

Revenue & EPS history

BrightSpire · Revenue · Quarterly

$96.8M

Q3 2020-18%vs Q3 2019
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

BrightSpire · $3.8B total across 1 segment · Q1 2022

  • Loan Portfolio Interest Income
    $3.8B

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

36%

12 / 33 earnings

Positive

+21.9%

Q1 2020

Best reaction

-17.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-4.3%-5.1%
Q4 2025+0.3%-3.8%-5.7%
Q3 2025-0.4%-1.5%+6.9%
Q1 2025-0.8%+4.6%+0.2%
Q4 2024+2.2%+1.7%-0.5%
Q3 2024+17.2%+9.8%+20.0%
Q2 2024-8.2%-11.5%-5.9%
Q1 2024-1.9%-2.4%-3.8%
Q4 2023+1.8%+2.3%+3.8%
Q3 2023+4.8%+17.6%+23.5%
Q2 2023-3.8%-2.5%-2.7%
Q1 2023-3.0%-0.9%+16.3%
Q4 2022+0.0%+1.0%-25.3%
Q3 2022-11.2%-9.0%-9.7%
Q2 2022+0.9%+2.9%-2.8%
Q1 2022+1.0%-3.7%+7.8%
Q4 2021-4.2%-0.9%+1.9%
Q3 2021-2.9%-2.2%-3.6%
Q2 2021+3.6%+6.8%+9.9%
Q1 2021+9.0%+5.8%+12.0%
Q4 2020-2.8%-2.0%+2.0%
Q3 2020+7.9%+33.3%+51.8%
Q2 2020-1.8%+0.5%-11.3%
Q1 2020+21.9%-1.2%+61.3%
Q4 2019-0.3%-0.5%-58.9%
Q3 2019-17.6%-15.8%-3.2%
Q2 2019-4.8%-11.9%-16.7%
Q1 2019-1.7%+0.1%-0.1%
Q4 2018-6.5%-8.1%-11.2%
Q3 2018-5.9%-6.5%-18.8%
Q2 2018-3.7%-4.9%-2.3%
Q1 2018-0.2%-0.3%-1.0%
Q4 2017+1.2%+2.2%+1.0%
Q3 2017
Q2 2017
Q1 2017
Q4 2016

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