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Private company

Broadmark Realty Capital Inc.

American real estate investment trust, incorporated in Maryland1

In its 2023 annual report the company says: “Broadmark Realty Capital Inc., a Maryland corporation, is an internally managed commercial real estate finance company that has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2019.”41 It is headquartered in Seattle, Washington.1

Last updated Oct 21, 2026.

Overview

  • IndustryReal Estate Investment Trusts1
  • HeadquartersSeattle, Washington1
  • Incorporated inMD2
  • Business address1420 Fifth Avenue, Suite 2000, Seattle, Wa 981012
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-106.9%Net margin3
-9.7%Revenue growth, 20223
-12.5%Return on equity3
$57.1MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs92¢$100.2M
  • Interest8¢$8.6M

Out of $108.9M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Capital spending0¢$137.0K
  • Kept or used elsewhere100¢$57.1M

Out of $57.2M of cash from operations.3

Financial statements

Revenue43$108.9M in 2022+14% since 2018
0$50.0M$100.0M$150.0M2018: $95.8M$95.8M20182020: $122.4M$122.4M2020+28%2021: $120.5M$120.5M2021−1%2022: $108.9M$108.9M2022−10%
Net income43-$116.4M in 2022
-$200.0M-$100.0M0$100.0M2018: $81.8M$81.8M20182020: $90.2M$90.2M2020+10%2021: $82.5M$82.5M2021−9%2022: -$116.4M-$116.4M2022
Fiscal year201720182019202020212022
Revenue$95.8M4$122.4M3$120.5M3$108.9M3
Interest$03$3.3M3$8.6M3
Income before tax$82.5M3-$116.4M3
Income tax$90.0K4$03$03$03
Net income$81.8M4$90.2M3$82.5M3-$116.4M3
Earnings per share$0.683$0.623-$0.883
Earnings per share (diluted)$0.683$0.623-$0.883
Shares (weighted, basic)132.6M shares3132.8M shares3
Shares (weighted, diluted)132.7M shares3132.8M shares3

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Corporate structure

Broadmark Realty Capital Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Broadmark Realty Capital Inc.

  • VANGUARD GROUP INC Filed SC 13G/A on Broadmark Realty Capital Inc., latest Feb 9, 2023 (2 filings since Feb 9, 2022)
  • BlackRock Filed SC 13G/A on Broadmark Realty Capital Inc., latest Feb 3, 2023 (2 filings since Feb 3, 2022)
  • FARALLON CAPITAL MANAGEMENT, L.L.C. Filed SC 13G/A on Broadmark Realty Capital Inc., latest Feb 3, 2022
  • Broadmark Realty Capital Inc. Seattle, Washington

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Broadmark Realty Capital Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$5.6M3 Dec 31, 2022$6.0M3 Dec 31, 2021−6.8%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$87.9M3 Dec 31, 2022$68.1M3 Dec 31, 2021+29.1%
Real estate properties113 Dec 31, 202293 Dec 31, 2021+22.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$55.0M3 Dec 31, 2022$132.9M3 Dec 31, 2021−58.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$03 Dec 31, 2022$137.0M3 Dec 31, 2021−100.0%
Intangible assets, net (excluding goodwill)$300.0K7 Dec 31, 2021$600.0K7 Dec 31, 2020−50.0%
Accumulated amortization$1.0M3 Dec 31, 2022$718.0K3 Dec 31, 2021+39.3%
Finite-lived intangibles, net$03 Dec 31, 2022$282.0K3 Dec 31, 2021−100.0%

Leadership

Who has led Broadmark Realty Capital Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey B. Pyatt2019–2023

Chair

  1. Jeffrey B. Pyatt2022

President

  1. Kevin M. Luebbers2022–2023

Chief financial officer

  1. Jonathan Ray Hermes2022–2023

Chief operating officer

  1. Linda Koa2020–2022
20202025
Board members and other officers (11)

Former names

  • Trinity Sub Inc.Aug 12, 2019 to Nov 1, 20192

Timeline

  1. May 31, 20238-K Shareholder vote23
  2. May 31, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer24
  3. May 23, 20238-K Other events25
  4. May 9, 20238-K Results of operations26
  5. Feb 28, 20238-K Entered a material agreement; Other events27
  6. Feb 27, 20238-K Results of operations; Regulation FD disclosure; Other events28
  7. Jan 6, 20238-K Other events29
  8. Nov 7, 20228-K Results of operations; Executive or director change; Other events30
  9. Oct 14, 20228-K Executive or director change31
  10. Aug 8, 20228-K Results of operations32
  11. Jun 10, 20228-K Shareholder vote33
  12. May 9, 20228-K Results of operations34
  13. Nov 18, 2019New chief executive Jeffrey B. Pyatt becomes CEO8

Calendar

When it reported results

  1. May 9, 2023Reported quarterly or annual results26
  2. Feb 27, 2023Reported quarterly or annual results28
  3. Nov 7, 2022Reported quarterly or annual results30
  4. Aug 8, 2022Reported quarterly or annual results32
  5. May 9, 2022Reported quarterly or annual results34
  6. Feb 28, 2022Reported quarterly or annual results35
  7. Nov 8, 2021Reported quarterly or annual results36

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

91 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 19 major events, 46 insider forms, 5 large holders, 13 other. The latest 20:

  1. Jun 16, 202315-12G EDGAR
  2. Jun 2, 20234 EDGAR
  3. Jun 2, 20234 EDGAR
  4. Jun 2, 20234 EDGAR
  5. Jun 2, 20234 EDGAR
  6. Jun 2, 20234 EDGAR
  7. Jun 2, 20234 EDGAR
  8. Jun 2, 20234 EDGAR
  9. Jun 2, 20234 EDGAR
  10. Jun 2, 20234 EDGAR
  11. Jun 1, 2023EFFECT EDGAR
  12. Jun 1, 2023EFFECT EDGAR
  13. May 31, 2023S-8 POS EDGAR
  14. May 31, 2023POS AM EDGAR
  15. May 31, 2023POS AM EDGAR
  16. May 31, 20238-K EDGAR
  17. May 31, 20238-K EDGAR
  18. May 23, 2023425 EDGAR
  19. May 23, 20238-K EDGAR
  20. May 9, 20238-K EDGAR

The 91 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 14, 2022Ward Brian PhillipChief Executive OfficerBuy31,925$6.26$199.9KForm 4
Dec 30, 2021Hirsty DanielChief Credit OfficerSale2,500$9.52$23.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Broadmark Realty Capital Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBroadmark Realty Capital Inc.1
  • CIK0001784797
  • Employer ID (EIN)84-26208911
  • Filer statusLarge accelerated filer1
  • Incorporated inMaryland1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • Business address1420 Fifth Avenue, Suite 2000, Seattle, WA 981011
  • Phone206-971-08001
  • Shares outstanding131,750,308 as of May 1, 20236
  • Public float$900.0M as of Jun 30, 202240
  • On EDGAR sinceAug 12, 20191
  • Filings253 in all: 4 (88), 8-K (45), 3 (16), 424B3 (12), 10-Q (11), SC 13G/A (9), CORRESP (7), EFFECT (7)1
    All 35 form types

    425 (6), SC 13G (5), 10-K (4), POS AM (4), UPLOAD (4), 5 (3), DEF 14A (3), 10-K/A (2), 25-NSE (2), 3/A (2), 424B4 (2), CERT (2), DEFA14A (2), POS EX (2), S-3/A (2), S-4/A (2), 15-12G (1), 4/A (1), 424B5 (1), 8-A12B (1), D (1), DEFM14A (1), S-11 (1), S-3 (1), S-4 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 1, 2023
    Quarterly report (10-Q) May 9, 2023
    Proxy statement (DEF 14A) Apr 28, 2022
    Latest 8-K (8-K) May 31, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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