Capital Trust, Inc. Reports Fourth Quarter and Full Year 2012 Highlights and Operating Results

NEW YORK–(BUSINESS WIRE)– Capital Trust, Inc. (NYS: CT) today reported results for the fourth quarter and year ended December 31, 2012.

During the fourth quarter, Capital Trust successfully completed the sale of its investment management and special servicing platform to The Blackstone Group L.P. (“Blackstone”) and paid a previously announced $2.00 per share special cash dividend.

Stockholders’ equity increased to $73.4 million, or $2.43 per share, as of December 31, 2012.

Capital Trust issued a full detailed presentation of its fourth quarter and full year 2012 results which can be viewed at www.capitaltrust.com.

About Capital Trust

Capital Trust, Inc. (NYS: CT) is a real estate finance company that focuses primarily on loans and securities backed by commercial real estate assets. The company is externally managed by BREDS/CT Advisor L.L.C., a subsidiary of Blackstone and is a real estate investment trust traded on the New York Stock Exchange under the symbol “CT.” Capital Trust is headquartered in New York City. Further information is available at www.capitaltrust.com.

About Blackstone

Blackstone (NYS: BX) is one of the world’s leading investment and advisory firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, the companies it advises and the broader global economy. Blackstone does this through the commitment of its extraordinary people and flexible capital. Blackstone’s alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.Blackstone.com. Follow Blackstone on Twitter @Blackstone.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to future financial …read more
Source: FULL ARTICLE at DailyFinance