NorthStar Realty Europe (NRE) Reports Q1 Loss of $0.14 on Revenues of $666.67M

NorthStar Realty Europe (NYSE: NRE) reported Q1 EPS of ($0.14). Revenue for the quarter came in at $666.66 million

First Quarter 2018 Financial Results and Highlights

• First quarter 2018 net loss attributable to common stockholders of $(72.7) million, or $(0.14) per share, and Core FFO of $115.1 million, or $0.20 per share
• The Company’s Board of Directors declared and paid a first quarter 2018 dividend of $0.11 per share of Class A and B common stock
• During the first quarter 2018, the Company raised approximately $2.0 billion of third-party capital (including amounts representing its share related to affiliates) from institutional clients
  • The Company, in partnership with Digital Bridge, established a digital real estate infrastructure vehicle with $1.95 billion of capital raised as of March 31, 2018, inclusive of a $162 million capital commitment by certain subsidiaries of the Company
• During the first quarter 2018, the Company completed $60 million of Other Equity and Debt asset monetizations
• During the first quarter 2018, the Company invested and agreed to invest $113 million in Other Equity and Debt primarily with an objective of creating investment management structures around these investments
• The Company repurchased approximately 48.2 million shares of its Class A common stock at an average price of $5.79 per share, or $279 million, year-to-date 2018
• Listed Colony NorthStar Credit Real Estate, Inc. (NYSE: CLNC), one of the largest commercial real estate credit REITs, creating a new permanent capital vehicle externally managed by the Company
• Subsequent to the first quarter 2018:
  • The Company completed the combination of its broker-dealer business with S2K Financial creating an enhanced retail investor distribution platform, Colony S2K
  • The Company has approximately $1.1 billion of liquidity through cash-on-hand and availability under its revolving credit facility

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
• Rein Therapeutics Inc. (RNTX) Tops Q2 EPS by 39c