Colony Capital, Inc. [NYSE: CLNY] revealed that it has dumped the holdings in two Irish properties. The firm made public that it has offloaded its 74% controlling interest in two high-quality office assets situated in Dublin’s city center. The firm is expecting to get a profit of $351 million (€292 million).
The firm has dumped its Irish Properties to Blackstone Property Partners Europe Holdings. It has disclosed that the total and remaining profit statistics indicate Euro/USD foreign exchange rating as of April 15, 2021. Shares of Colony Capital went up 0.90% as it gained +0.06 during the trading session of Thursday.
Looking at its profitability, it has Return on Assets (ROA) of -14.80%, Return on Investment (ROI) of -26.10%, and Return on Equity (ROE) of -128.40%. The firm has a total Gross Margin of 60.70%. Colony Capital has a total market capitalization of $3.28 billion at the time of writing.
Colony Capital has revealed that it has dumped stakes in Burlington Plaza, a 238K square foot office complex situated in central Dublin, and The Three Building, a 157K square foot office property situated in the South Docks. These properties have provided $102 million in net equity to the firm.
Furthermore, these holdings were owned in the firm’s ‘Tolka Irish NPL Portfolio’ within OED, which is going to continue to hold several Irish assets on a debt-free basis following the deal, which was completed consistent with holding values for the properties.