Gramercy Property Trust Inc. (GPT)

[renaudandco]

....the call was pretty straightforward, most q2 deals closed in the latter part of the q, they feel comfortable in being able to close as many deals in future quarters in the near term as they did in q 2....sounds as if the credit facility is imminent....dividends to c and p are the goal but nothing new under the sun as far as when....its possible they may make the preferred holders whole with the credit facility if continuing to accrue it would be an impediment to piling up more deals but i think they plan to do nothing but find, close and build cash flows until theyre nearly forced to pay divys....this is terrific news if you have a long term horizon, if your timeframe is short this may be a disappointing couple of quarters....all just my opinion and interpretation....