Items Tagged with 'Gramercy Capital Corp.'


  • Gramercy Capital Loses $198m

    New York City-based commercial real estate investment trust (REIT) Gramercy Capital Corp. [stock GKK][/stock] reported a negative funds from operation (FFO) of $168.9m, compared to a positive FFO of $32.9m in Q209. It resulted in a net loss of $198.1m for common stockholders. The hybrid REIT’s property division didn’t acquire any new properties, and sold 12 for a combined sales price of $14.3m. It signed 18 new leases for a combined 41,714 square feet of office building and bank branch office space, bringing the occupancy rate to 88.2%.
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  • Mortgage REIT Insider: Earnings Stumble Out of the Gate

    Earnings season got off to a rocky start this week with miscues by all of the reporting mortgage REITs. Dynex Capital Inc. [stock DX][/stock] had to replace its earnings release; book value and portfolio duration were misstated in the original version. Friedman Billings Ramsey Group Inc. [stock FBR][/stock] didn’t produce an earnings release until after 10:00 pm on Wednesday evening, despite the conference call set for 9:00 am Thursday morning. Gramercy Capital Corp.
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