Gramercy Property Trust Inc. Profit Climbs 238% In Q2

(RTTNews) - Gramercy Property Trust Inc. (GPT) announced earnings for its second quarter that advanced from last year.

The company said its bottom line came in at $77.89 million, or $0.18 per share. This was up from $23.04 million, or $0.13 per share, in last year's second quarter.

The company said revenue for the quarter rose 157.5% to $139.43 million. This was up from $54.15 million last year.

Gramercy Property Trust Inc. earnings at a glance:

-Earnings (Q2): $77.89 Mln. vs. $23.04 Mln. last year. -Earnings Growth (Y-o-Y): 238.1% -EPS (Q2): $0.18 vs. $0.13 last year. -EPS Growth (Y-o-Y): 38.5% -Revenue (Q2): $139.43 Mln vs. $54.15 Mln last year. -Revenue Change (Y-o-Y): 157.5%

-Guidance: Full year EPS guidance: $0.66 - $0.75