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Article: United states : JER Investors Trust Inc. Announces Third Quarter 2009 Results.(Financial report)
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: shiv03
JER Investors Trust Inc. (OTC Bulletin Board: JERT),("JERT") today reported results for the quarter ended September 30, 2009:
Third Quarter Highlights:
* Liquidity: At September 30, 2009, we had $1.1 million in unrestricted cash and net borrowings on our repurchase agreement of $8.9 million. As of November 6, 2009, unrestricted cash decreased to $1.0 million and net borrowings on our repurchase agreement declined to $8.1 million. As of September 30, 2009, we were not in compliance with the minimum tangible net worth covenant under our repurchase agreement. In addition, this repurchase agreement facility matures on December 22, ...