Gramercy Property Trust Inc. (GPT)

[renaudandco]

....without seeing the actual 8k and just the PR i do not think the preferred arrears are in the cash number....they lost money in the quarter....i think gordon is spot on when he continues to withold the dividend....spend tens of millions of dollars in cash and that money is gone forever, spend that tens of millions of dollars in cash on nnn properties and the cash flow is permanent and the asset grows in value over time....the dividends could possibly be paid when they announce a large line of credit assuming all other available cash is deployed and their revenue streams are large enough to pay the bill....so far gordon has delivered on everything promised to shareholders and i think you'll get a bit more clarity on the call....it will be disappointing however if they do not deliver on the credit facility they promised early Q3 (from the presentation just 3 weeks ago) today or before 8-15-13....also, i was wondering who the seeking alpha article was referencing when they said the Q2 revenue handily beat estimates, who has published estimates?