Exhibit 99.1



Colony Credit Real Estate, Inc. Announces

Second Quarter 2018 Financial Results

LOS ANGELES, August 7, 2018 – Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real Estate” or the “Company”) today announced its financial results for the second quarter ended June 30, 2018.

Second Quarter 2018 Highlights and Subsequent Events



Completed name change to Colony Credit Real Estate, Inc. effective June 25, 2018



Added to the U.S. Small-cap Russell 2000 Index effective June 25, 2018



Second quarter 2018 GAAP net income attributable to common stockholders of $16.0 million, or $0.12 per diluted share, and core earnings of $40.3 million, or $0.31 per diluted share



Undepreciated book value of $3.1 billion, or $23.80 per diluted share, as of June 30, 2018



Declared and paid a monthly dividend of $0.145 per share of class A and class B-3 common stock for April, May and June. The dividend represents an annualized dividend of $1.74 per share of common stock, equating to an 8.3% annualized dividend yield based on the $21.00 closing price on August 3, 2018



Subsequent to quarter end, the Company’s Board of Directors declared a monthly cash dividend of $0.145 per share of class A and class B-3 common stock for July and August



During the second quarter of 2018, allocated and initially funded $592 million and $460 million of capital, respectively. Funded an additional $18 million of capital for investments closed prior to the second quarter



Subsequent to quarter end, allocated and initially funded an additional $855 million and $380 million of capital, respectively, through closed deals or deals in advanced stages of execution



Subsequent to quarter end, closed first European investments, which includes the purchase of a triple net leased office campus and a preferred equity investment in a core-office development project



Year-to-date, allocated approximately $1.6 billion of total capital through closed deals or deals in advanced stages of execution, with an expected weighted average return on equity and total internal rate of return of approximately 11% and 13%, respectively



Increased master repurchase facility capacity by $250 million to $2.0 billion from $1.7 billion during the second quarter of 2018



As of August 3, 2018, total corporate liquidity of approximately $419 million through cash-on-hand of $39 million and availability under the corporate revolving credit facility of $380 million

Kevin P. Traenkle, President and Chief Executive Officer of Colony Credit Real Estate commented, “We are pleased to report the results of our first full quarter of operations as Colony Credit Real Estate. During the quarter and the few weeks subsequent to quarter’s end, we have made significant progress deploying our liquidity at a pace that is ahead of our original budgets. Due to this recent transaction volume, our second quarter results do not reflect our run-rate earnings primarily due to the timing of investment closings. As a result, we believe there will be considerable earnings growth in the coming quarters as we receive the full benefit from our robust capital commitments and deployment.”

Mr. Traenkle added, “As the global commercial real estate and economic cycles continue to mature, we look forward to taking full advantage of CLNC’s diversified investment mandate. In addition, we are excited to announce our first European investments, which leverage Colony Capital’s global infrastructure and provide our portfolio with further geographic diversification coupled with long-duration stable cash flows with attractive yields.”

Common Stock and Operating Partnership Units

As of August 3, 2018, the Company had approximately 127.9 million shares of class A and class B-3 common stock outstanding and the Company’s operating partnership had approximately 3.1 million operating partnership units (“OP units”) outstanding held by members other than the Company or its subsidiaries.

The following information was filed by Colony Credit Real Estate, Inc. (CLNC) on Tuesday, August 7, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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