BrightSpire Capital, Inc. Reports Net Loss of $4.2 Million for the First Quarter of 2023
Revenue at BrightSpire Capital, Inc. Reaches $58.6 Million in the First Quarter of 2023
By USInMinutes
Published - Aug 02, 2023, 04:19 PM ET
Last Updated - Aug 02, 2023, 04:19 PM EDT
BrightSpire Capital, Inc.(BRSP) released its financial statement s for the first quarter of 2023, showing a net loss of $4.2 million. Despite the loss, the company recorded robust revenue, reaching $58.6 million during the same period.
Consolidated Balance Sheets
As of March 31, 2023, BrightSpire Capital, Inc. reported total assets of $4,604 million, compared to $4,750 million as of December 31, 2022. The decrease in assets is primarily attributed to lower cash and cash equivalents and a decline in loans and preferred equity held for investment.
Liabilities and Equity
