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Gramercy AFFO turns positive; expects to start common dividend in Q1

  • Gramercy Property Trust (NYSE:GPT): Q3 AFFO turns positive for the first time since the turnaround, posting a gain of $2.2M, or $0.04 per share.
  • With postponed preferred stock dividends expected to be paid off in Q4, company announces expectations to initiate common stock dividend in 2014 Q1.
  • CC at 2 ET.
  • Press release.

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GPT--
Gramercy Property Trust, Inc.