SANTA ANA, CA. (Nov. 9, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today reported third quarter 2010 revenue of $144.3 million, an increase of 6 percent, compared with revenue of $136.1 million for the third quarter of 2009.
For the first nine months of 2010, the company reported revenue of $417.5 million, compared with revenue of $385.1 million for the comparable period of 2009.The company reported a net loss attributable to Grubb & Ellis Company on a GAAP basis of $14.8 million, or $0.27 per common share, for the third quarter of 2010, compared with a net loss of $21.4 million, or $0.34 per common share, for the third quarter of 2009.
For the first nine months of 2010, the company reported a GAAP net loss attributable to Grubb & Ellis Company of $56.0 million, or $1.00 per common share, compared with a net loss of $95.7 million, or $1.51 per common share, for the first nine months of 2009.
For a complete copy of the company’s news release and financials, please contact:
Janice McDill, Phone: 312.698.6707, Email: janice.mcdill@grubb-ellis.com
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