Press Releases

Second Quarter Highlights For the quarter, generated funds from operations ("FFO") of $32.9 million, an increase of $10.4 million, or 46.2%, from the $22.5 million generated in the same quarter of the previous year. On a fully diluted per share basis, FFO was $0.64 and $0.82 for the second quarter of 2008 and 2007, ...

NEW YORK, N.Y. – June 11, 2008 – Gramercy Capital Corp. (NYSE: GKK) (the "Company") announced today that its Board of Directors authorized, and the Company declared, its quarterly dividend of $0.63 per common share for the quarter ending June 30, 2008. The second quarter dividend is payable on July 15, 2008. Read more

NEW YORK, N.Y. - April 17, 2008 - Gramercy Capital Corp. (NYSE: GKK) today announced that Robert R. Foley has been promoted to Chief Operating Officer and that John B. Roche has joined the Company as Chief Financial Officer.  Effective immediately, Hugh Hall has stepped down from his post as Gramercy's Chief Operating Officer and fro...

New York, NY - April 2, 2008 - Gramercy Capital Corp. (NYSE: GKK), a commercial real estate specialty finance company organized as a real estate investment trust, announced today that it will release earnings for the first quarter 2008 on Wednesday, April 16, 2008. The Company's executive management team, led by Marc H...

NEW YORK, N.Y. - April 1, 2008 - Gramercy Capital Corp. (NYSE: GKK) announced today the completion of the previously announced acquisition of American Financial Realty Trust (NYSE: AFR) in a transaction with a total value of approximately $3.3 billion. The acquisition combines the existing operating platforms of Ameri...

Fourth Quarter Highlights For the quarter, generated FFO of $24.0 million, or $0.69 per diluted share, an increase of over 18% from $20.3 million, or $0.75 per diluted share, in the same quarter of the previous year. For the year, FFO increased 39% to $89.1 million, or $3.03 per diluted share, from $64.0 millio...

New York, NY - January 7, 2008 - Gramercy Capital Corp. (NYSE: GKK), a commercial real estate specialty finance company organized as a real estate investment trust, announced today that it will release earnings for the fourth quarter and full year 2007 on Wednesday, January 16, 2008. The Company's executive managemen...

NEW YORK, N.Y. - December 4, 2007 - Gramercy Capital Corp. (NYSE: GKK) announced today that Hugh Hall, Chief Operating Officer of Gramercy, will present at Wachovia's 11th Annual Real Estate Securities Conference at 11:10 am EST on Wednesday, December 5, 2007. A live audio webcast of the presentation will be available on Gramerc...

New York, NY - November 19, 2007 - Gramercy Capital Corp. (NYSE: GKK), a real estate investment trust, announced today that it will host their 2007 Annual Investor Conference on Monday, December 3, 2007. Management presentations will begin at 10:30 AM EST. The conference will be available via conference call and webcas...

November 5, 2007 – Gramercy Capital Corp. (NYSE: GKK), "Gramercy," and American Financial Realty Trust (NYSE: AFR), "American Financial," announced today that they have entered into a definitive merger agreement for Gramercy to acquire American Financial for approximately $3.4 billion, including the assumption of American Financial's outs...