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Gramercy Capital Corp. Reports First Quarter 2012 Financial Results

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Description: NEW YORK--(EON: Enhanced Online News)--Gramercy Capital Corp. (NYSE: GKK): FIRST QUARTER HIGHLIGHTS For the quarter, generated funds from operations, or FFO, of negative $(13.8) million, a decrease of $38.1 million from FFO of $24.3 million generated in the same quarter of the previous year. On a fully diluted per common share basis, FFO was negative $(0.27) for the first quarter of 2012 as compared to FFO of $0.48 in the same quarter of the previous year. For the quarter, net loss to common sto /
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