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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. "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 30, 2006, reflecting a $257 million (13%) increase from March 31, 2006. New originations of CMBS 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 investment aggregating $378 million.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Aug 16, 2006
Words:165
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