NorthStar Asset Management (NSAM) Misses Q4 EPS by 1c

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NorthStar Realty Finance Announces Fourth Quarter 2015 Results

February 26, 2016 7:30 AM EST

NEW YORK, Feb. 26, 2016 /PRNewswire/ --

Highlights

Cash Available for Distribution ("CAD") of $0.63 Per Share Fourth Quarter Dividend of $0.40 Per Share Repurchased $100 Million of Common Stock In October 2015, completed spin-off of European REIT into a separate publicly-traded company, NorthStar Realty Europe Corp. ("NRE") $2.0 Billion of Monetizations Resulting in Approximately $930 Million of Cash Proceeds Formed Special Committee and Retained UBS Investment Bank to Advise on a Potential Recombination with NorthStar Asset Management Group Inc.

NorthStar Realty Finance Corp. (NYSE:... More

NorthStar Asset Management Group Announces Fourth Quarter 2015 Results

February 26, 2016 7:30 AM EST

NEW YORK, Feb. 26, 2016 /PRNewswire/ --

Fourth Quarter 2015 Highlights

Cash available for distribution ("CAD") of $0.27 per share. Fourth quarter 2015 cash dividend of $0.10 per common share. Repurchased approximately $100 million of NSAM common stock. Acquired approximately $50 million of NRF common stock. In January 2016, acquired an approximately 84% interest in The Townsend Group ("Townsend") for $383 million, a leading global provider of investment management and advisory services focused on real assets. Raised $1.4 billion of capital in the retail companies in 2015, including approximately $450 million in the... More