Capital Trust, Inc. Reports Fourth Quarter and Full Year 2012 Highlights and
NEW YORK -- March 26, 2013
Capital Trust, Inc. (NYSE: 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. (NYSE: 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.
Blackstone (NYSE: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.
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 results and business prospects. The
forward-looking statements contained in this press release are subject to
certain risks and uncertainties including, but not limited to, the performance
of Capital Trust’s investments, the timing of collections, its capability to
repay indebtedness as it comes due, its ability to originate investments, the
availability of capital and Capital Trust’s tax status, as well as other risks
indicated from time to time in Capital Trust’s Form 10-K and Form 10-Q filings
with the Securities and Exchange Commission. Capital Trust assumes no
obligation to update or supplement forward-looking statements that become
untrue because of subsequent events or circumstances.
Investor and Media Relations Contacts
for Capital Trust, Inc.
Douglas Armer, +1 (212) 655-0220
Press spacebar to pause and continue. Press esc to stop.