August 7, 2007
CBRE Q2 earnings foreclose growth
Hurt by a non-cash impairment charge, Hartford-based CBRE Realty Finance recorded a $4.6 million net loss, or 15 cents per diluted common share, for the second quarter of 2007. The company's results noted a $7.8 million non-cash impairment charge on a foreclosed asset acquired this quarter, which brought its adjusted funds from operations to negative $1.3 million. In the first quarter 2007, CBRE Realty Finance reported $1.6 million net income, or 5 cents per diluted share.
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