Gramercy Property Trust (GPT) Misses Q3 FFO by 1c

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Gramercy Property Trust Reports Third Quarter 2017 Financial Results

October 31, 2017 5:00 PM EDT

NEW YORK--(BUSINESS WIRE)-- Gramercy Property Trust (NYSE: GPT) today reported financial results for the third quarter of 2017.

Operating Results:

                  ($ in millions, except per share data) Three Months Ended Nine Months Ended September 30, September 30, 2017     2016     2017     2016 Net Income (loss) to common shareholders $ 48.6 $ (2.5 ) $ 62.7 $ 22.4 Net Income (loss) per common share $ 0.32 $ (0.02 ) $ 0.42 $ 0.15   FFO available to common shareholders and unitholders1 $ 74.3 $ 60.8 $ 216.0 $ 205.4 FFO per common share $ 0.48 $ 0.43... More