More on Gramercy Property results

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

Q2 adjusted FFO of $5.6M or $0.06 per share vs. $3.6M and $0.05 in Q1. Dividend is $0.035.

Previous guidance of quarterly FFO per share run rate in H2 of $0.09-$0.11 is affirmed.

Acquired seven properties during Q for total price of about $96.2M and annualized straight-line cap rate of 8.2%. In July, closed deal for three industrial properties for about $69M with annualized straight-line cap rate of 8.8%.

Gramercy Asset Management fee revenues of $7.1M vs. $7M in Q1.

Management, general and administrative expenses of $4.5M up from $4.3M.

Conference call at 2 ET

Previously: Gramercy Property Trust beats by $0.08, beats on revenue

GPT flat premarket