Core earnings of $42M or $0.43 per diluted share vs. $23.6M and $0.36 one year ago. Dividend of $0.36.
Company either closed on or agreed to about $725M of investments during quarter composed of $432M in ten loan originations, a $277M loan portfolio acquisition, and a $16M real estate equity investment.
Subsequent to quarter's end, company closed on agreed to about $138M of investments.
CEO Richard Saltzman notes European deal flow of various types and larger special situations in the U.S. continue to make up the majority of Colony's (CLNY -0.3%) pipeline.
Colony American Homes now owns about 17.6K homes in 10 states, with the overall portfolio occupancy rate at 78%, up from 70% in Q1.