Ann: RNY results press release , page-2

Well ,these results are as good, or probably better than I expected. Cashflow positive is nice and covering the interest easily enough.

Occupancy dropping from 88.4% to 82.2% was no surprise given the two major terminations.

As i wrote on 16 June (was pretty close on occupancy!)
"I have the same spreadsheet that I update regularly and have calculated their occpuancy at 82.7% so it will be interesting to see if you come up with the same."

Very promising to see there are distributable earnings of 2 cents which they are using to repay debt.

The decline in NTA to 45 cents from 47 cents should give some more breathing space if propery values can hold steady from here on.