Gramercy Capital (GKK +1.2%) bounces from yesterday's post-earnings drubbing which had the mark...

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

Gramercy Capital (GKK +1.2%) bounces from yesterday's post-earnings drubbing which had the mark of investors taking profits following a big run. The earnings call (transcript) (presentation) shows new management doing what it said it would - simplifying the company into a pure net-lease player and slashing expenses. This morning's disclosure of ARCP's $5.7B offer for Cole Credit Property Trust will be of interest.