Brad Thomas
Dividend growth investing, REITs, newsletter provider, value

Gramercy Property Trust Is Gettin' Its Turn At Bat

Last week I interviewed Gramercy Property Trust's (NYSE:GPT) CEO Gordon DuGan at The Street's headquarters in New York (you can check out the video here). I have known DuGan a number of years, and I became familiar with him when he was CEO of W.P. Carey (NYSE:WPC).

I began following Gramercy about the same time (December 2012) that DuGan (and Gramercy's President Ben Harris) joined the company, and since that time, the New York-based REIT has undergone a strategic transformation to shed high leverage operations (high-risk commercial real estate lending) and begin to focus on Triple Net properties, arguably the safest real estate sector. As DuGan explained last year:

The issue at Gramercy was they...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details