Capital Trust reports earnings.Capital Trust, Inc. reported second quarter 2006 net income of $0.91 per share, an increase of 57% compared to $0.58 per share for the comparable period of the prior year. "We are very pleased with our results and accomplishments during the second 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. . "Along with the continued growth of our balance sheet, we demonstrated our commitment to our investment management platform with the closing of CT Large Loan 2006, Inc.--a new fund that provides us with the discretionary capital to pursue large transactions and provides our private clients the opportunity to invest side-by-side with CT." Total assets were $2.2 billion at June June: see month. 30, 2006, reflecting a $257 million (13%) increase from March 31, 2006. New originations of CMBS CMBS See: Commercial Mortgage Backed Securities and loans accounted for the second quarter net increase in assets. During the three months ended June 30, 2006, the company made nine new loans, three CMBS investments and one 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 $378 million. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion