Newcastle Investment Corp. (NYSE: NCT) reported that in the third quarter of 2012, income available for common stockholders (“GAAP income”) was $272 million, or $1.63 per diluted share, compared to $29 million, or $0.35 per diluted share, in the third quarter of 2011.
GAAP income of $272 million consisted of the following:
- $43 million, or $0.26 per diluted share, which is equal to net interest income and other revenues less expenses excluding depreciation and amortization, net of preferred dividends
- $229 million of other income related to a $224 million net gain on the sale of Newcastle’s CDO X interests and a $5 million net gain on the sale of other securities
|Three Months Ended|
|Sep 30,||June 30,||Sep 30,|
|Summary Operating Results:|
|GAAP income, per diluted share||$||1.63||$||0.21||$||0.35|
|Core earnings, per diluted share||$||0.26||$||0.29||$||0.39|
|Cash Available for Distribution||$||36||$||21||$||18|
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