Colony Credit: 2Q Earnings Snapshot
LOS ANGELES (AP) _ Colony Credit Real Estate, Inc. (CLNC) on Thursday reported a second-quarter loss of $107.3 million, after reporting a profit in the same period a year earlier.
The Los Angeles-based company said it had a loss of 84 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The real estate investment trust posted revenue of $23.9 million in the period.
Colony Credit shares have climbed nearly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.04, a drop of 21% in the last 12 months.