Care Investment Trust Inc. Announces Fourth Quarter and Partial Year 20...( Fourth Quarter and...),Health

Fourth Quarter and Year-end Highlights - Transitioned investment focus to an equity REIT strategy and closed on two ventures owning more than $320 million of quality healthcare-related

real estate. - Generated net income in the 2007 fourth quarter of $3.6 million, or $0.17

per basic and diluted share. - Secured a line of credit with Column Financial Inc., an affiliate of Credit Suisse Securities LLC, and borrowed $25 million under the facility

for new investments. - Declared and paid an inaugural dividend of $0.17 per share for the 2007 third quarter and declared a 2007 fourth quarter dividend of $0.17 per

share.

NEW YORK, March 11 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, today reported financial results for the quarter ended December 31, 2007, and for the period from June 22, 2007 (commencement of operations) to December 31, 2007. Both net income and Funds from Operations (FFO) for the fourth quarter of 2007 were $3.6 million, or $0.17 per basic and diluted share. Adjusted Funds from Operation (AFFO) amounted to $3.8 million, or $0.18 per basic and diluted share. For the period from June 22, 2007 to December 31, 2007, the Company reported a net loss of $1.6 million, or a loss of $0.07 per basic and diluted share. FFO for the partial annual period was a loss of $1.6 million, and AFFO was $7.9 million. AFFO is the result of adding back to net income or loss non-cash stock-based compensation, which amounted to $9.5 million for the partial ann
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