NEW YORK (AP) — NEW YORK (AP) — BrightSpire Capital, Inc. (BRSP) on Wednesday reported a first-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 27 cents per share.
The real estate investment trust posted revenue of $33 million in the period.
Colony Credit shares have declined 13% since the beginning of the year. The stock has dropped 36% in the last 12 months.
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