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Why Colony Capital Stock Plunged Today

TheMotleyFool

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Shares of Colony Capital (NYSE: CLNY) dipped as much as 14% on Monday, following the release of the real estate and investment firm's first-quarter results on Friday.

As of 12:35 p.m. EDT, the stock was down 10%.

Colony Capital reported a net loss of $361.6 million, or $0.76 per share, which included more than $300 million in non-cash impairment charges. Investment losses incurred from the sale of a multi-tenant office property contributed to the deficit.

Source Fool.com

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