Acquired 11 properties for about $111.2M with average lease term of 15 years.
MG&A expenses of $4.3M off from $4.4M in Q1, $9.3M a year ago.
Recognized a $1M impairment on CDO bonds thanks to higher interest rates; carrying value now $7.6M.
Cash and equivalents on hand of $49M, off from $100.5M in Q1.
Asset management business fee revenues of $13.6M up from $8.3M in Q1. Includes $5.4M in incentive fees based on portfolio value at Q's end.
Total revenue of $16.3M up 69% Y/Y.
No word yet on dividend (common or preferred).
Earnings call at 2 ET. (PR)
Earlier: Q2 results.
GPT +7.3% premarket in very thin trade.