Gramercy Property Trust Inc. Reports 158% Advance In Q3 Earnings

(RTTNews) - Gramercy Property Trust Inc. (GPT) reported earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $69.08 million, or $0.16 per share. This was up from $26.75 million, or $0.14 per share, in last year's third quarter.

The company said revenue for the quarter rose 101.0% to $131.09 million. This was up from $65.21 million last year.

Gramercy Property Trust Inc. earnings at a glance:

-Earnings (Q3): $69.08 Mln. vs. $26.75 Mln. last year. -Earnings Growth (Y-o-Y): 158.2% -EPS (Q3): $0.16 vs. $0.14 last year. -EPS Growth (Y-o-Y): 14.3% -Revenue (Q3): $131.09 Mln vs. $65.21 Mln last year. -Revenue Change (Y-o-Y): 101.0%

-Guidance: Full year EPS guidance: $0.66 - $0.68