BrightSpire Capital Q4 Earnings Call Highlights

BrightSpire’s GAAP net book value was $7.30 per share at Dec. 31, down from $7.53 per share in the third quarter, while undepreciated book value was $8.44 per share, down from $8.68 per share. Saracino said the company made a strategic decision to “pull forward” resolutions of certain watchlist and REO assets, taking what he characterized as a limited reduction in book value to monetize assets and reinvest proceeds.Chief Financial Officer Frank Saracino said DE for the quarter included specific reserves of ...