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Gramercy Capital Corp. Message Board

  • ts1309 ts1309 Apr 28, 2009 8:50 AM Flag

    REDUCED FFO to SLG is because

    they sold there shares back to GKK, they reduced (and now elimiinated) management fees and spent a couple million to end there relationship w/GKK (part of the PLANNED internalization).

    Dont read too much into the reduced FFO to SLG. GKK will still have strong FFO.

    NI may be off beacuse of loan provisions. Remember with GKK you have to follow the CASH FLOW. I expect FFO in the .50 to .60 cents range.