Northstar Realty Reports Cash Available for Distribution of $0.28, Declares Quarterly Dividend

Notice: Trying to access array offset on value of type null in /home/wallstre/public_html/wp-content/plugins/really-simple-facebook-twitter-share-buttons/really-simple-facebook-twitter-share-buttons.php on line 318

Notice: Undefined property: stdClass::$location_string in /home/wallstre/public_html/wp-content/plugins/taboola/taboola_widget.php on line 181

Northstar Realty Finance Corp (NRF) reported Q1 cash available for distribution (CAD) of $91.5 million, or $0.28 per diluted share, compared with $0.21 per share a year ago.

However, on a GAAP basis it swung to a loss of $134.9 million, or $0.42 per share, from a gain of $36.6 million, or $0.20 per share for the same quarter last year.

CAD is a non-GAAP financial measure that adjusts for a variety of non-cash items such as depreciation and amortization, equity-based compensation, realized gain (loss) on investments, provision for (reversal of) loan losses and non-cash interest income and expense items.

Separately, on Wednesday the company declared a quarterly dividend $0.25 per share, payable on May 23, 2014 to shareholders of record as of May 19.

Shares of NRF last traded at $15.78 with a 52-week range of $8.14 to $17.93.

Bio
Latest Posts

David Warren

David Warren is a serious tech aficionado. Five years ago he finished his studies at the California Institute of Technology, Caltech, where he earned a degree in Computer Science. Two years ago he got hired as a data protection analyst in an American multinational. When he’s bored with security protocols he enjoys writing reviews and previews of his favorite gadgets and games.