Gramercy Capital Corp. to Release Fourth Quarter 2012 Financial Results and Business Plan Update on March 19, 2013
March 13 2013 - 5:33PM
Business Wire
Gramercy Capital Corp. (NYSE: GKK), a self-managed integrated
commercial real estate investment and asset management company
organized as a real estate investment trust, announced today that
it will release earnings for the fourth quarter 2012 on Tuesday,
March 19, 2013, prior to market open.
The Company's executive management team will host a conference
call and audio webcast on Tuesday, March 19, 2013, at 2:00 PM EDT
to discuss fourth quarter 2012 financial results and to provide a
business plan update.
The live call will be webcast in listen-only mode on Gramercy’s
website at www.gkk.com and on Thomson’s StreetEvents Network. The
presentation may also be accessed by dialing (888) 771-4371 -
Domestic or (847) 585-4405 - International, using confirmation code
“GRAMERCY.”
A replay of the call will be available from March 19, 2013 at
4:30 PM EDT through March 22, 2013 at 11:59 PM EDT by dialing (888)
843-7419 - Domestic or (630) 652-3042 - International, using pass
code 4726 3729#.
Company Profile
Gramercy Capital Corp. is a self-managed, integrated commercial
real estate investment and asset management company. The Company
owns, directly or in joint venture, a portfolio of 116 office and
industrial buildings totaling approximately 4.9 million square
feet, net leased on a long-term basis to tenants, including Bank of
America, Nestlé Waters, Philips Electronics and others. The
Company’s property management business, operating under the name
Gramercy Asset Management, currently manages approximately $1.7
billion of commercial properties leased primarily to regulated
financial institutions and affiliated users throughout the United
States. The Gramercy Finance division manages approximately $1.7
billion of whole loans, bridge loans, subordinate interests in
whole loans, mezzanine loans, preferred equity and commercial
mortgage-backed securities which are financed through three
non-recourse Collateralized Debt Obligations, or CDOs. On January
30, 2013, the Company entered into a purchase and sale agreement to
transfer the collateral management and sub-special servicing
agreements for its three CDOs to CWCapital Investments LLC for
approximately $9.9 million, less certain adjustments and closing
costs. Subject to customary closing conditions, the transfer is
expected to close in March 2013. Neither Gramercy Finance nor
Gramercy Asset Management is a separate legal entity but are
divisions through which our commercial real estate finance and
property management businesses are conducted. The Company is
headquartered in New York City and has regional offices in
Jenkintown, Pennsylvania, and St. Louis, Missouri.
To review the Company’s latest news releases and other corporate
documents, please visit the Company's website at www.gkk.com or
contact Investor Relations at 212-297-1000.
(GKK-EN)
Forward-looking Information
This press release contains forward-looking information based
upon the Company's current best judgment and expectations. Actual
results could vary from those presented herein. The risks and
uncertainties associated with forward-looking information in this
release include, but are not limited to, factors that are beyond
the Company's control, including the implementation of the new
business strategy, the integration of the new management team, the
results of the operational review and those factors listed in the
Company's Annual Report on Form 10-K and in the Company's Quarterly
Reports on Form 10-Q. The Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. For further
information, please refer to the Company's filings with the
SEC.
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