NorthStar Realty Europe (NRE) Reports Q4 Loss of $0.55/Share

NorthStar Realty Europe (NYSE: NRE) reported Q4 EPS of ($0.55), versus ($0.47) reported last year. Revenue for the quarter came in at $44.12 million, versus $2.52 million reported last year.

Mahbod Nia, Chief Executive Officer, commented, "We are pleased to report strong earnings in our first quarter since the spin-off from NorthStar Realty Finance Corp. We have invested a considerable amount of effort into the active management of our properties as reflected in the year end results and portfolio valuation of $2.6 billion that implies a NAV of $18 per share and represents a substantial premium to our current value as ascribed by the public market. We remain focused on unlocking this embedded value for our stockholders through a number of initiatives including the monetization of primarily non-strategic properties at attractive valuations and further repurchases of our common stock."

Mr. Nia continued, "We own a desirable collection of prime office properties with a strong income profile that positions us well to benefit from a continued recovery in Europe while simultaneously possessing certain defensive characteristics that have the ability to weather unforeseen market volatility."

For earnings history and earnings-related data on NorthStar Realty Europe (NRE) click here.

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