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Article: CreXus Investment Corp. Reports Short Period 3rd Quarter 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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CreXus Investment Corp. (NYSE: CXS), which completed its initial public offering of stock on September 22, 2009, reported a GAAP net loss of $295,000 or $0.02 basis net loss per average share for the period ending September 30, 2009.
Kevin Riordan, Chief Executive Officer and President of CreXus, commented on the short period's results. "CreXus was created to provide debt capital to the commercial real estate market by originating loans and acquiring securities in order to generate attractive risk-adjusted returns. Our team is focused on executing our strategy and we look forward to reporting the results of our efforts to our shareholders in the quarters and ...