A Capital improvement.Capital Trust, Inc. reported first quarter 2006 net income of $0.71 per share, an increase of 18% compared to $0.60 per share for the comparable period of the prior year. "'We are pleased to kick off 2006 with another strong quarter," said John Klopp, Capital Trust's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Highlights included over $439 million of balance sheet originations and the closing of our fourth CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the . While the market remains competitive, we continue to find solid investment opportunities and to improve our liability structure." Total assets were $1.9 billion at March 31, 2006, reflecting a $361 million (23%) increase from December 31, 2005. New originations of CMBS CMBS See: Commercial Mortgage Backed Securities and loans, including the acquisition of $303 million of CMBS in conjunction with issuance of the company's fourth collateralized debt obligation Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, ("CDO IV"), accounted for the first quarter net increase in assets. During the three months ended March 31, 2006, the company made six new loans, 31 CMBS investments and a total return swap Total Return Swap Any swap in which the non-floating rate side is based on the total return of an equity or fixed income instrument with a life longer than the swap. Notes: Total return swaps are most common in equity or physical commodity markets. investment aggregating $439 million, received nine loan satisfactions totaling $52 million and recorded partial repayments on 23 assets totaling $10 million. |
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