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million in charges. The Santa Ana, Calif.-base real estate company (NYSE: which has Brookfield real estate firm as part of its posted a lossof $41.5 millionj and a loss per share of 65 cents, compared with a net loss of $6.3 milliojn and a loss per sharew of 10 cents in the firstr quarter of 2008. First-quarter revenuer dropped 21 percentto $118.e million. The results for the first quarterr of 2009 includea $4.7 million charge related to the company's investment managemengt programs, $5.2 million in real estate-related impairment a $3.6 million loss from discontinued operations, and $4.9 millionm charge for stock-based compensatiom and amortization of signing bonuses.
"Our resultz reflect the challenging operating environmeny as well as the seasonal natur e of the commercial real estate saidGary Hunt, interim CEO, in an earnings "We believe that by providing our clientzs with timely, innovative solutions to the real estate issues they are facinf in today's environment we will be able to delivere long-term value to our stockholders so we remaijn squarely focused on recruiting top talent and providingg unmatched client service.
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