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CBRE Realty Finance, Inc.
CBRE Realty Finance, Inc. Announces First Quarter 2008 Results
May 24th, 2008
CBRE Realty Finance, Inc. (NYSE:CBF) reported results for the first quarter ended March 31, 2008. CBRE Realty Finance reported first quarter net income of $16.5 million, or $0.54 per diluted common share, including a $13.2 million unrealized gain related to the mark-to-market impact of certain assets and liabilities due to the adoption of SFAS 159. Adjusted funds from operations ("AFFO") for the first quarter of 2008, which exclude the results of discontinued operations and any impact from the adoption of SFAS 159, was $1.5 million, or $0.05 per diluted common share. Excluding $1.1 million related to litigation, proxy defense, and financial advisory...
Source: Law & Health Weekly (2008-05-24)
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