Colony Credit Real Estate, Inc. Announces First Quarter 2019 Financial Results
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Colony NorthStar Credit Real Estate, Inc. (CLNC) Misses Q1 EPS by 19c
May 8, 2019 4:23 PM EDTColony NorthStar Credit Real Estate, Inc. (NYSE: CLNC) reported Q1 EPS of $0.09, $0.19 worse than the analyst estimate of $0.28.
First quarter 2019 GAAP net income attributable to common stockholders of $14.9 million, or $0.11 per common share, and core earnings of $11.8 million, or $0.09 per diluted share. Excluding: (i) $35.5 million of realized losses related to completed foreclosure proceedings under a mezzanine loan; and (ii) $2.0 million of realized losses and transactions costs associated with the sale of real estate private equity interests: core earnings of $49.3 million, or $0.38 per diluted share. The Company already recorded a $35.5 million loan loss... More