Gramercy Capital Corp. Earnings: Profits Drop

Gramercy Capital Corp. (NASDAQ:GKK) reported its results for the third quarter. Gramercy Capital is an integrated commercial real estate finance and property investment company.

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Gramercy Capital Corp. Earnings Cheat Sheet

Results: Net income for Gramercy Capital Corp. fell to $1.3 million (3 cents per share) vs. $161.3 million ($3.17 per share) a year earlier. This is a decline of 99.2% from the year-earlier quarter.

Revenue: Fell 14.1% to $29.5 million from the year-earlier quarter.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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