|
Net interest income
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
$140.2m
|
$151.7m
|
$175.2m
|
$156.9m
|
$168.8m
|
$236.2m
|
$298.7m
|
$244.8m
|
$194.9m
|
|
Property operating income
|
|
$23.8m
|
$178.3m
|
$254.0m
|
$175.0m
|
$102.6m
|
$90.2m
|
$93.4m
|
$102.4m
|
$127.6m
|
|
Other income
|
|
$791k
|
$3.7m
|
$2.3m
|
$1.8m
|
$2.3m
|
$6.1m
|
$13.9m
|
$11.6m
|
$8.1m
|
|
Depreciation and amortization
|
|
$9.1m
|
$91.0m
|
$103.2m
|
$59.8m
|
$36.4m
|
$34.1m
|
$33.5m
|
$40.5m
|
$36.3m
|
|
Increase of current expected credit loss reserve
|
|
—
|
—
|
—
|
—
|
($1.4m)
|
$70.6m
|
$108.1m
|
$135.8m
|
$24.0m
|
|
Impairment of operating real estate
|
|
$0
|
$31.8m
|
$282.7m
|
$42.8m
|
$0
|
$0
|
$7.6m
|
$54.2m
|
$61.6m
|
|
Other gain (loss), net
|
|
($390k)
|
($2.8m)
|
($972k)
|
($118.7m)
|
$74.1m
|
$34.6m
|
$613k
|
$228k
|
($2.3m)
|
|
Loss before equity in earnings of unconsolidated ventures and income taxes
|
|
$105.4m
|
($164.1m)
|
($496.4m)
|
($251.3m)
|
$32.8m
|
$49.2m
|
($23.6m)
|
($134.5m)
|
($60.3m)
|
|
Equity in earnings of unconsolidated ventures
|
|
$24.7m
|
$23.8m
|
$36.9m
|
($135.2m)
|
($131.1m)
|
$25k
|
$9.1m
|
$0
|
$0
|
|
Net loss attributable to noncontrolling interests in investment entities
|
|
($39.4m)
|
$4.8m
|
$38.2m
|
$13.9m
|
$1.7m
|
$12k
|
$70k
|
$3.5m
|
$7.6m
|
|
Net loss attributable to BrightSpire Capital, Inc. common stockholders
|
|
$88.5m
|
($168.5m)
|
($414.5m)
|
($353.3m)
|
($101.0m)
|
$45.8m
|
($15.5m)
|
($132.0m)
|
($31.1m)
|
|
Total property and other income
|
|
$24.5m
|
$182.0m
|
$256.3m
|
$176.9m
|
$105.0m
|
$96.2m
|
$107.3m
|
$114.0m
|
$135.7m
|
|
Net income (loss)
|
|
$127.9m
|
($177.4m)
|
($462.6m)
|
($375.6m)
|
($104.6m)
|
$46.8m
|
($15.6m)
|
($135.5m)
|
($38.8m)
|
|
Net loss per common share - basic (in dollars per share)
|
|
—
|
—
|
($3)
|
($3)
|
($1)
|
$0
|
($0)
|
($1)
|
($0)
|
|
Net loss per common share - diluted (in dollars per share)
|
|
$2
|
($1)
|
($3)
|
($3)
|
($1)
|
$0
|
($0)
|
($1)
|
($0)
|
|
Weighted average shares of common stock outstanding - basic (in shares)
|
|
—
|
—
|
128.4m
|
128.5m
|
128.5m
|
127.3m
|
127.1m
|
127.4m
|
126.9m
|
|
Weighted average shares of common stock outstanding - diluted (in shares)
|
|
—
|
—
|
128.4m
|
128.5m
|
128.5m
|
129.3m
|
127.1m
|
127.4m
|
126.9m
|
|
Interest expense
|
|
($21.0m)
|
($47.1m)
|
($87.7m)
|
($63.0m)
|
($55.5m)
|
($111.8m)
|
($173.3m)
|
$153.9m
|
($127.3m)
|
|
Property operating expense
|
|
$8.0m
|
$73.6m
|
$112.8m
|
$65.0m
|
$30.3m
|
$24.2m
|
$26.6m
|
$33.9m
|
$65.9m
|
|
Transaction, investment and servicing expense
|
|
$2.6m
|
$36.8m
|
$7.2m
|
$10.0m
|
$4.6m
|
$3.4m
|
$2.5m
|
$1.6m
|
$2.7m
|
|
Interest expense on real estate
|
|
$5.1m
|
$43.4m
|
$55.4m
|
$48.9m
|
$32.3m
|
$28.7m
|
$25.9m
|
$27.0m
|
$23.7m
|
|
Compensation and benefits (including $12,836, $11,649 and $14,056 of equity-based compensation expense, respectively)
|
|
—
|
—
|
—
|
$5.5m
|
$32.1m
|
$33.0m
|
$39.5m
|
$34.6m
|
$35.0m
|
|
Operating expense
|
|
—
|
—
|
—
|
$21.0m
|
$17.9m
|
$14.6m
|
$13.2m
|
$11.9m
|
$12.1m
|
|
Income tax benefit (expense)
|
|
($2.2m)
|
($37.1m)
|
($3.2m)
|
$10.9m
|
($6.3m)
|
($2.4m)
|
($1.1m)
|
($1.1m)
|
$21.5m
|
|
Total expenses
|
|
$38.0m
|
$460.4m
|
$856.3m
|
$361.3m
|
$271.0m
|
$208.8m
|
$256.9m
|
$339.6m
|
$261.3m
|