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Revenue down in third quarter for Capital Trust.



Capital Trust, Inc. reported third quarter 2001 results of 11 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 (diluted) consistent with the company's guidance and representing an increase of 3 cents per share (diluted) over the third quarter of 2000.

For the quarter ended Sept. 30, the company reported total revenues of $20.8 million and net income of 11 cents per share (based on 35 million weighted average diluted shares outstanding) compared to total revenues of $22.6 million and net income of 8 cents per share (based on 42.2 million weighted average diluted shares outstanding) in the same period of the prior year.

For the nine months ended Sept. 30, the company reported total revenues of $59.9 million and net income of 28 cents per share (based on 37.6 million weighted average diluted shares outstanding) compared to total revenues of $70.6 million and net income of 22 cents per share (based on 30.0 million weighted average diluted shares outstanding) in the same period of the prior year.

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.  noted, "CT's third quarter results were precisely in line with our expectations. In today's uncertain environment, we are focused on aggressively managing our existing assets while opportunistically investing our available capital. CT Mezzanine mez·za·nine  
n.
1. A partial story between two main stories of a building.

2. The lowest balcony in a theater or the first few rows of that balcony.
 Partners II, our flagship mezzanine fund A mezzanine fund is a type of private equity or merchant banking fund.

A typical mezzanine investment consists of a debt or debt-like instrument, paired with an equity “sweetener.
, has closed over $400 million of new investments to date and has $2 billion to invest.

Low interest rates are impacting our nominal returns nominal return

The rate of return on an investment without adjustment for inflation. While nominal return is useful in comparing the returns from different investments, it can be a very misleading indication of true investor earnings on an investment.
 but spurring significant refinancing Refinancing

An extension and/or increase in amount of existing debt.
 demand.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 21, 2001
Words:242
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