Steven Reiman
Long/short equity, value, research analyst, small-cap

Gramercy Property Trust: Management Continues To Execute

Value investors score their biggest gains when they buy an underpriced asset, average down unfailingly and have their analysis proved out. Thus there are two essential ingredients for profit in a declining market: you have to have a view on intrinsic value, and you have to hold that view strongly enough to be able to hang in and buy even as price declines suggest that you're wrong. Oh yes, there's a third; you have to be right.

- Howard Marks, Chairman Oaktree Capital Management

Gramercy Property Trust (NYSE:GPT) (referred to as Gramercy for the balance of this article) has been well covered on Seekingalpha over the past six months or so with articles being published by Brad Thomas...

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