Gramercy Property Trust (GPT) Reports Q4 EPS of $0.16
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Gramercy Property Trust Reports Fourth Quarter and Full Year 2015 Financial Results
February 26, 2016 6:35 AM ESTNEW YORK--(BUSINESS WIRE)-- Gramercy Property Trust (NYSE: GPT)
Highlights
In December 2015, completed merger of Gramercy Property Trust Inc. ("Legacy Gramercy") with and into a subsidiary of Chambers Street Properties ("Legacy Chambers") creating the largest industrial and office net lease real estate investment trust with an enterprise value of approximately $6.0 billion. Generated Core FFO of $36.4 million or $0.16 per diluted common share for the fourth quarter of 2015. For the full year 2015, generated Core FFO of $114.8 million or $0.61 per diluted common share. Core FFO... MoreGramercy Property Trust Announces Disposition of 70 & 90 Hudson Street for $299 Million
February 26, 2016 6:30 AM ESTNEW YORK--(BUSINESS WIRE)-- Gramercy Property Trust (NYSE: GPT), a real estate investment trust, announced today that it closed on the disposition of 70 Hudson Street (70 Hudson) and 90 Hudson Street (90 Hudson), located in Jersey City, New Jersey, for an aggregate gross sale price of $299 million, or $349 per square foot. Prior to closing, the Company prepaid the mortgage debt attributable to 70 Hudson and the buyer assumed the outstanding loan of $101 million on 90 Hudson. 70 Hudson was vacant at... More
Gramercy Property Trust Declares First Quarter 2016 Dividends
February 26, 2016 6:25 AM ESTNEW YORK--(BUSINESS WIRE)-- Gramercy Property Trust (NYSE: GPT), a real estate investment trust, announced today that its Board of Trustees declared a first quarter 2016 dividend on the Companys common shares in the amount of $0.11 per share, payable on April 15, 2016 to common shareholders of record as of the close of business on March 31, 2016.
The Companys Board also declared a first quarter 2016 dividend on the Companys 7.125% Series B Cumulative Redeemable Preferred... More
