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home / news releases / BRMK - Broadmark Realty stock slips after Q3 results disappoint

BRMK - Broadmark Realty stock slips after Q3 results disappoint

Broadmark Realty Capital Inc
Broadmark Realty Capital (NYSE:BRMK) stock falls 1.5% in after-hours trading after its Q3 earnings and revenue trail the consensus estimates. Q3 distributable EPS of $0.19 misses the average analyst estimate of $0.20 and rose from $0.18 in Q3 2020. Q3 new originations and amendments total $337.0M, with a weighted average loan to value of 59.0%. Q3 total revenue of $30.6M, missing the average analyst estimate of $32.1M,  increased from $29.0M in the year-ago quarter. Provision for credit losses of $2.61M compares with a benefit of $2.93M in the year-ago quarter. “We achieved record origination volume this quarter, reflecting an active construction market and strong demand for our loans," said President and CEO Jeff Pyatt. Earlier, Broadmark Realty Capital (BRMK) misses on revenue

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Broadmark Realty stock slips after Q3 results disappoint
Stock Information
Company Name: Broadmark Realty Capital Inc
Stock Symbol: BRMK
Market: NYSE
Website: broadmark.com
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