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

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)

Comments (4)
  • Chris DeMuth Jr.
    , contributor
    Comments (11736) | Send Message
    It is good to see their expenses continue to decline as they transform this company.
    7 May 2013, 09:06 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    alright!!!!!!!!!!!!!!! up 4.5% pre-market works for me.....giddy up
    7 May 2013, 09:10 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2867) | Send Message
    Quarter looks like the company continues to move in the right direction. Looks like cash flows should really ramp later in the year once the BofA JV starts to perform better as soon as that defeased mortgage matures
    7 May 2013, 09:18 AM Reply Like
  • Steven Reiman
    , contributor
    Comments (333) | Send Message
    Glad to see that they are continuing to put the cash to work. Have they released any information on the facility in Atlanta yet?
    7 May 2013, 09:21 AM Reply Like
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