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Article: Imperial Credit Commercial Mortgage Investment Corp. Announces 1997 Results
- Article from:
- PR Newswire
- Article date:
- February 10, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, Feb. 10 /PRNewswire/ -- Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) today reported funds from operations of $4.77 million, or $0.14 per share (on both a basic and diluted basis) for the period from October 22, 1997, the date of the completion of the Company's initial public offering, through December 31, 1997 (the "Short Period"). Taxable income for the Short Period was $4.74 million, or $0.14 per share, and net income for the Short Period before a nonrecurring charge was $4.77 million, or $0.14 per share (on both a basic and diluted basis). Net income for the Short Period after a nonrecurring charge was $2.22 million, or $0.06 per ...