NEW YORK (AP) — NEW YORK (AP) — BrightSpire Capital, Inc. (BRSP) on Tuesday reported third-quarter profit of $984,000.
The New York-based company said it had net income of 1 cent per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 16 cents per share.
The real estate investment trust posted revenue of $48.9 million in the period. Its adjusted revenue was $17.5 million.
Colony Credit shares have dropped almost 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.25, a decrease of roughly 1% in the last 12 months.
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