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
GPT flat premarket