More on Gramercy Property Trust (GPT) Q1 earnings: Unrestricted cash of $100.5M vs. $105.4M on...

|About: Gramercy Property Trust,... (GPT)|By:, SA News Editor

More on Gramercy Property Trust (GPT) Q1 earnings: Unrestricted cash of $100.5M vs. $105.4M on Dec. 31. Management and G&A expenses of $4.4M vs. $5.1M a year ago. Asset management unit revenue of $8.3M, flat Y/Y. Company booked a $1.2M loss on BofA joint venture; expects to earn $1M/year in management fees, and chance of higher based on performance. Shares +4.5% premarket. CC at 2 ET. (PR)