NorthStar Realty Finance Reports Q1 CAD Per Share Of $0.44 - Quick Facts

(RTTNews) - NorthStar Realty Finance Corp. (NRF) reported a first-quarter net loss of $31.6 million or $0.10 per share, compared to a loss of $135.0 million or $0.84 per share, prior year. Cash available for distribution, or CAD, per share was $0.44, for the quarter.

Total property and other revenues were $402.09 million compared to $70.91 million last year.

David Hamamoto, CEO, said, "NorthStar Realty is off to a strong start in 2015, including completing the acquisition of approximately $2 billion of high quality, pan-European predominantly office properties. The proposed spin-off of our European real estate business into a separate publicly-traded REIT remains on track for completion during the second half of 2015."