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Gramercy Capital Gains MomentumPatrick Harden • Thu, Oct 18, 2007
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Gramercy Capital Corporation Q4 2008 Earnings Call TranscriptSat, Mar 21, 2009 • 1 Comment
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Gramercy Capital Corp. Q2 2008 Earnings Call TranscriptThu, Jul 24, 2008
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Gramercy Capital Corporation Q1 2008 Earnings Call TranscriptThu, Apr 17, 2008
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Gramercy Capital Q4 2007 Earnings Call TranscriptTue, Jan 22, 2008
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Business Wire (May 30, 2013)
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Business Wire (May 24, 2013)
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Business Wire (May 9, 2013)
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Business Wire (May 7, 2013)
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Business Wire (May 1, 2013)
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Business Wire (Apr 15, 2013)
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Business Wire (Apr 8, 2013)
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Business Wire (Mar 19, 2013)
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Business Wire (Mar 19, 2013)
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Business Wire (Mar 13, 2013)
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Business Wire (Mar 12, 2013)
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Business Wire (Nov 27, 2012)
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Business Wire (Nov 8, 2012)
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Business Wire (Nov 2, 2012)
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Business Wire (Sep 25, 2012)
GPT vs. ETF Alternatives
Company Description
Currently, there's no company description for GPT.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, June 5, 8:45 AM Gramercy Property Trust (GPT) puts more money to work, closing on the purchase of a build-to-suit of about a 120K square foot industrial facility in southern Florida and a 62,230 square foot industrial property in Bellmawr, NJ. Construction costs for the FL property are expected to be $25M and generate GAAP operating income of about $2.3M next year. The NJ property cost about $4.2M. The company also sheds more noncore assets, selling a mortgage loan defeasance pool acquired as part of the BofA portfolio last year. (PR) 8 Comments [Financials]
- Tuesday, May 28, 10:07 AM It's a Barron's bounce for Gramercy Property Trust (GPT +5.5%) as the magazine suggests the easy money has been made on its Capmark Financial Group (CPMK.PK) recommendation and an analyst at a value shop suggests investors roll their gains into another turnaround play - Gramercy (well-chronicled on Seeking Alpha). A re-institution of the dividend could take the shares to $6. 3 Comments [Financials, On the Move]
- Friday, May 24, 8:39 AM Gramercy Property Trust (GPT) closes on a $14.5M 5-year mortgage at 3.28% on its recently-acquired (for $27.1M) 540K square foot industrial property portfolio in the Indianapolis area. (PR) 5 Comments [Financials]
- Friday, May 10, 11:42 AM Kwon Uk Choi unloads more of his Gramercy Property Trust (GPT) holdings, an amended 13D showing him ceasing to be a beneficial owner of more than 5% of the stock - now with a 4.2% stake vs. about 6% a month ago. 6 Comments [Financials]
- Tuesday, May 7, 3:25 PM Gramercy Property Trust (GPT +1%) moves about 3% off the session low as the earnings call/business plan update reveals a management focused and executing on its plan to turn the company into a pure play equity REIT. The implied cap rate (pg. 27-31) of net lease companies (O, WPC, NNN, LXP, EPR, SRC, ARCP,GTY) of 5%-6.5% is far below the 7.5%-8.5% Gramercy is closing deals at - "(the) widest arbitrage in our experience." 4 Comments [Financials, On the Move]
- Tuesday, May 7, 8:54 AM More on Gramercy Property Trust (GPT) Q1 earnings: Unrestricted cash of $100.5M vs. $105.4M on Dec. 31. Management and G&A expenses of $4.4M vs. $5.1M a year ago. Asset management unit revenue of $8.3M, flat Y/Y. Company booked a $1.2M loss on BofA joint venture; expects to earn $1M/year in management fees, and chance of higher based on performance. Shares +4.5% premarket. CC at 2 ET. (PR) 4 Comments [Earnings, Financials, On the Move]
- Tuesday, May 7, 8:41 AM Gramercy Property Trust (GPT): Q1 adjusted FFO of $0.12/share misses by $0.12. (PR) 4 Comments [Earnings, Financials, Breaking News]
- Monday, April 15, 8:39 AM Gramercy Capital (GKK) today changes its name to Gramercy Property Trust and its stock symbol to GPT. (previously on the name change) (PR) 2 Comments [Financials]
- Monday, April 8, 9:24 PM Gramercy Capital (GKK) confirms its name change to Gramercy Property Trust (with new symbol GPT), expected to be effective on April 15. It's another step in the (relatively new) management team's efforts to transform the company into a pure triple-net lease player and its investor base from value players to income fans. Next steps: Raise capital, put it to work, initiate a dividend. (PR) 4 Comments [Financials]
- Friday, April 5, 12:38 PM One of Gramercy Capital's (GKK) larger owners uses the recent big run-up in the stock to lighten up on his holdings. Kwon Uk Choi sold 780K shares (13D) over the past couple of weeks, bringing his stake down to about 6% of the company. 8 Comments [Financials]
- Tuesday, April 2, 8:34 AM Putting more money to work, Gramercy Capital (GKK) closes on a 342K square foot industrial building in Garland, TX for $10.7M and a 101-dock door truck terminal in Brunswick, NJ for $11.65M. Both are 100% leased to a single tenant - Texas through 2032, NJ through 2019. (PR) 1 Comment [Financials]
- Thursday, March 28, 3:07 PM "Whether I give you the dollar and you go spend it or invest it, or I reinvest it for you, it's still your dollar," says Gramercy Capital (GKK +7.1%) CEO Gordon DuGan. As Gramercy works to build up the recurring cash flows necessary to restore a payout, investors can be comforted by tasty capital gains. SA Pro author Chris DeMuth - a bull on the stock at half of today's level - says things are going as planned. 9 Comments [Financials, On the Move, Quick Ideas]
- Wednesday, March 27, 9:52 AM Gramercy Capital (GKK) CEO Gordon Dugan added 2.5% to his stake in the company, purchasing 50K shares at $4.33 each last week following earnings and the update on the company's business plan. The stock takes out another 52-week high today, +4.6% to $4.75. 11 Comments [Financials, On the Move]
- Tuesday, March 26, 9:50 AM Gramercy Capital (GKK) rises 1.6% in early trade as SA Pro author Chris DeMuth updates his valuation model following the company's business plan update last week, and finds the stock could be worth $8-$11/share by year's end following a capital raise and then successful deployment of that capital. Waiting to buy the stock until the company initiates a dividend will prove a costly strategy, he says. (previous) 1 Comment [Financials, On the Move, Quick Ideas]
- Wednesday, March 20, 11:30 AM 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. 6 Comments [Financials]
- Tuesday, March 19, 8:52 AM More on Gramercy Capital (GKK) Q4 earnings: Sale of CDO was closed with proceeds of $9.9M. In connection with exit from commercial real estate finance, company will change name to Gramercy Property Trust (a lure to income investors?) and trade under symbol GPT, effective April 15. "As the new business strategy is implemented ... the Company will revaluate its dividend policy with the intention of resuming dividends to stockholders." Shares +0.7% premarket. (PR) 1 Comment [Financials]
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Wilson Wang
If you just read one article today, please read Steve's article on $GPT. Wonderfully written, http://seekingalpha.com/a/weew - View all 1 replies
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Wilson Wang: And if you haven't followed Steve, Chris Demuth Jr., Whopper Investment, or Mike Winston, please do yourself a favor and click follow.
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Wilson Wang
Can you say BUY time? 40% of my fund parked in cash, and looking to add to $GPT. Watching the new $NWSA spinoff. - View all 2 replies
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steppppo: Wilson -- you looking at the publishing side? The entertainment side? Both? -
Wilson Wang: I'm looking at the publishing side. I like both to be honest, but FOX will have higher valuation multiples because of the growth.
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Wilson Wang: Yeah. I still think rates will be low for a while. But very good points Steve. When will you publish the article.
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Steven Reiman: Planning on submitting tomorrow, been busy with a few other things.
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Wilson Wang: The plan is to add 100,000 more in the next few months before the company pays off their preferred.
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Wilson Wang
I'm really starting to like this market. Love down days, building my $GPT position, 30,000 shares. Bought some nice $PRXI as well. - View all 2 replies
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Wilson Wang: I think it's a bargain. Just because someone else is selling doesn't make them right. There's value, regardless of what people do.
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Wilson Wang
$GPT, bought another 10,000 shares today. I want to accumulate more!!! But patience is a virtue. One at a time. - View all 2 replies
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Derek Munyan: Wilson, I am very impressed with your timing on $GPT and $PRXI. I need to work on my patience
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Wilson Wang: Thanks Derek, I wouldn't say I have good timing, but I like to keep myself from getting too excited over ideas.
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Wilson Wang
Bought 50,000 shares of $GPT today. Looking to add more over the next few months. Gordon DuGan is a man of his words. - View all 9 replies
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Wilson Wang: You definitely should. I really like what Gordon said in his interviews, the man is definitely a value investor.
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LATEST REPLIES
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Wilson Wang
Can you say BUY time? 40% of my fund parked in cash, and looking to add to $GPT. Watching the new $NWSA spinoff. - View all 2 replies
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steppppo: Wilson -- you looking at the publishing side? The entertainment side? Both?
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Wilson Wang: I'm looking at the publishing side. I like both to be honest, but FOX will have higher valuation multiples because of the growth.
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- View all 6 replies
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Wilson Wang: Yeah. I still think rates will be low for a while. But very good points Steve. When will you publish the article.
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Steven Reiman: Planning on submitting tomorrow, been busy with a few other things.
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- View all 5 replies
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Wilson Wang: The plan is to add 100,000 more in the next few months before the company pays off their preferred.
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Wilson Wang
I'm really starting to like this market. Love down days, building my $GPT position, 30,000 shares. Bought some nice $PRXI as well. - View all 2 replies
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Wilson Wang: I think it's a bargain. Just because someone else is selling doesn't make them right. There's value, regardless of what people do.
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- View all 31 replies
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stockquestioner: What will it take for GPT to get coverage from a major brokerage firm? Don't they yet believe the GPT turnaround story?
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stockquestioner: Chris, was the BofA JV defeasement pool sale announced today the same two million dollar transaction mentioned during earnings call.
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Wilson Wang
$GPT, bought another 10,000 shares today. I want to accumulate more!!! But patience is a virtue. One at a time. - View all 2 replies
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Derek Munyan: Wilson, I am very impressed with your timing on $GPT and $PRXI. I need to work on my patience
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Wilson Wang: Thanks Derek, I wouldn't say I have good timing, but I like to keep myself from getting too excited over ideas.
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- View all 1 replies
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Wilson Wang
Bought 50,000 shares of $GPT today. Looking to add more over the next few months. Gordon DuGan is a man of his words. - View all 9 replies
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Wilson Wang: You definitely should. I really like what Gordon said in his interviews, the man is definitely a value investor.
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Mike Maher: I'm in the Aug 5 calls after seeing unusual action there a few months back...playing with the houses money at this point
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joe kelly: Cantelope farmers wish their crops were as large as your gonads for this call JoeG.
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TFCAB: in it for the long haul, but its nicer seeing it heading up than down; spoiled by the fast run up prior to this;
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Whurter: the whole market's been spanked this week itll come back remember it can't go up every single day forever gotta ride out some time like this
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TFCAB: i know............thanks for putting a number on it..( i think )
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Gratian: Name and ticker symbol change announced by Chief Executive Officer, Gordon F. DuGan
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TFCAB: GKK getting more and more coverage and attention.....the management Team headed by DuGan lends lots of credibility to the story thanks!