Resource Capital (RSO) Misses Q2 FFO by 2c
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Resource Capital Corp. Reports Results for Three and Six Months Ended June 30, 2015
August 4, 2015 7:45 PM EDTNEW YORK, NY -- (Marketwired) -- 08/04/15 -- Highlights and Significant Items
Adjusted Funds from Operations ("AFFO") of $0.15 and $0.31 per share (see Schedule I). Net interest income increased $756,000, or 3.8% and $6.0 million, or 16.1%, as compared to the three and six months ended June 30, 2014. Originated $184.5 million in new commercial real estate ("CRE") loans during the period. GAAP net loss allocable to common shares of $(0.24) and $(0.16) per share. Board approved $50.0 million plan to repurchase securities.... More