Midsized REITs Tell Mixed Earnings Tales in Early 2005
May 20, 2005
Midsized real estate investment trusts specializing in the subprime market told mixed earnings stories during the first part of 2005, a new Inside B&C Lending analysis of company earning reports reveals. Saxon Capital Corp., for instance, reported $31.7 million in first-quarter net income, up from $30.1 million in the fourth quarter of 2004 and $19.7 million in last year’s first quarter. The earnings increase was fueled in part by a rise in net interest…