Gramercy beats estimates amid slowing pace of acquisitions

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

Adjusted FFO of $3.6M or $0.05 per share vs. $3.4M or $0.05 in Q4. Street expectations were for $0.01.

Reaffirms guidance of $0.09-$0.11 in each of Q3 and Q4. Current dividend is $0.035.

Liquidity on hand of $153.4M vs. $81.1M at end of Q4

One property acquisition in Q1 and two more since Q2 started

Asset management business fee revenue of $7M in Q1 vs. $10.6M in Q4

BofA JV generated $500M in earnings vs. $3M loss in Q4

CC at 2 ET

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