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Criimi Mae's Earnings Rise.(Brief Article)
Rockville, MD -- Criimi Mae has reported fourth-quarter net income of $5.4 million ($0.34 per share), a 108% increase from net income of $2.6 million ($0.17 per share) for the fourth quarter of 2003.
And for the year ended Dec. 31, 2004, the commercial mortgage real estate investment trust reports net income of $16.7 million ($1.06 per share), compared to a net loss of $4.1 million (loss per share of $0.27) for 2003.
The REIT attributes the increase in fourth-quarter net income primarily to a $1.8 million gain on the "extinguishment of debt" and a $1.2 million decrease in ...
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Source: HighBeam Research, Criimi Mae's Earnings Rise.(Brief Article)