Colony Credit Real Estate, Inc. Announces Third Quarter 2020 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real Estate” or the “Company”) today announced its financial results for the third quarter ended September 30, 2020 and certain updates. The Company reported third quarter 2020 total Company GAAP net income attributable to common stockholders of $5.0 million, or $0.04 per share, and total Core/LNS Earnings of $39.7 million, or $0.30 per share. Excluding realized gains and mark to market losses on CRE debt securities, provisions for loan losses and fair value adjustments, and a one-time tax benefit, total Adjusted Core/LNS Earnings were $31.0 million, or $0.24 per share. From June 30, 2020 to September 30, 2020, total Company GAAP net book value increased from $13.06 to $13.25 per share and undepreciated book value increased from $14.43 to $14.53 per share.