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Criimi Mae Ended Year with a Loss.(Brief Article)(Statistical Data Included)
Criimi Mae has reported a net loss of approximately $155.5 million, or $2.50 per share, for the year ended December 31, 2000, compared to a net loss of approximately $132.4 million, or $2.45 per share, for the year ended December 31, 1999.
For the fourth quarter of 2000, Criimi has reported a net loss of $118.8 million, or a net loss of $1.91 per share, vs. a net loss of approximately $151.9 million, or $2.72 per share, for the fourth quarter of 1999.
The company attributes the net loss for the fourth quarter and year ended December 2000 to "primarily the result of impairment charges related to the company's retained portfolio of CMBS, a loss related to the sale of the company's interest in Criimi Mae CMBS corp. series 1998-1 (CMO-1V) and impairment and other charges related to the CMBS sold as part of the company's reorganization."
Criimi Mae has ...
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Source: HighBeam Research, Criimi Mae Ended Year with a Loss.(Brief Article)(Statistical Data...