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Criimi Mae Sees 3rd Qtr Loss.(Brief Article)
Criimi Mae Inc. here saw a net loss of $7.4 million, or ($0.49) per share, for the third quarter, compared with a net loss of $25.1 million, or ($1.80) per share, a year earlier.
The results include $4.7 million of impairment charges on subordinated commercial mortgage-backed securities, the real estate investment trust said.
"The credit performance of the mortgage loans underlying Criimi Mae's CMBS continues to be impacted by the lagging weakness in the hotel, retail, and certain ...
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Source: HighBeam Research, Criimi Mae Sees 3rd Qtr Loss.(Brief Article)