BRMK - Broadmark Realty Capital Non-GAAP EPS of $0.16 misses by $0.01 revenue of $28.52M misses by $1.48M

• Broadmark Realty Capital press release ( NYSE: BRMK ): Q2 Non-GAAP EPS of $0.16 misses by $0.01 .
• Revenue of $28.52M (-2.3% Y/Y) misses by $1.48M .
• New originations and amendments of $196.7M, at a weighted average loan-to-value of 62.0%.
• CEO comment: “While we would prefer the pace of originations to accelerate, and see our capital as well positioned for further disruptions in the markets, we understand the importance in this rising rate and inflationary period to stay focused on solid credit, and smaller- to middle-market investments that align risk with return. Importantly, we have a low-levered, fortress balance sheet, with an enterprise leverage ratio of roughly 8%, which provides us with material resources to take advantage of future opportunities to capture long-term value for our shareholders.”

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