UPDATE 1-CapitalSource Q2 profit falls on lower interest income
(Recasts, adds details)
Aug 5 (Reuters) - Real estate investment trust CapitalSource Inc (CSE.N) posted a lower second-quarter profit, but met analysts' estimates, as interest income fell 18 percent and the provision for loan losses rose.
Net income fell to $60.1 million, or 25 cents per share, from $84.3 million, or 45 cents per share, last year.
Adjusted earnings fell to $29.1 million, or 12 cents per share, from $128.4 million, or 68 cents per share.
Analysts expected the Chevy Chase, Maryland-based company to earn 12 cents a share, according to Reuters Estimates.
Interest income fell $57.0 million to $254.2 million for the quarter.
Provision for loan losses rose to $31.7 million from $17.4 million in the year-ago quarter.
Net investment income fell to $159.6 million from $178.1 million last year.
Shares of the company closed at $11.18 Monday on the New York Stock Exchange. (Reporting by Amiteshwar Singh in Bangalore; Editing by Bernard Orr)
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