Griffin Capital Essential Asset REITs next quarterly payment date is on Jan 31, 2020, when Griffin Capital Essential Asset REIT shareholders who owned GCEA shares before Jan 31, 2020 received a dividend payment of $0.06 per share. Is Dividend King PPG Industries A Buy Before Earnings? Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown, Investing in Real Estate as a Hedge Against Inflation. Germany Switzerland Spain Poland Netherlands Greece France Ireland Italy Belgium Austria. All Rights Reserved. DividendInvestor.com features a variety of tools, articles, and resources designed to help investors interested in dividend stocks find the best dividend stocks to buy. MFFO also allows for a comparison of the performance of our portfolio with other REITs that are not currently engaging in acquisitions, as well as a comparison of our performance with that of other non-traded REITs, as MFFO, or an equivalent measure, is routinely reported by non-traded REITs, and we believe often used by analysts and investors for comparison purposes. EL SEGUNDO, Calif. (BUSINESS WIRE) Griffin Capital Essential Asset REIT, Inc. (the Company), a fully-integrated and internally-managed net lease REIT, today announced a corporate rebranding as GRT. PepsiCo is the Winner, Here's Why. attest to the accuracy of information provided by this link. In addition to the significant value they immediately bring to shareholders, we believe the size, capitalization, and cost structure of the combined company positions it well for the future. Dividend Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Click to see Griffin Capital Essential Asset REIT II Inc Dividend Data, Dates and more financial information, or here to see GRTAA Projected 10 Year Dividend Yield. Amortization of in-place lease valuation. The acquisition value of the property was $187.5 million, including closing costs, which was partially financed with stand-alone credit facility of $102.0 million. Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? The company can be reached via phone at 1.310.469.6100. Approximately 67% of our portfolio's net rental revenue is generated by investment grade-rated companies that either lease the properties directly, have its lease guaranteed by an investment grade-rated company, or have a parent company that carries an investment grade rating. We could not be more thrilled to announce these transactions. In order to provide a more complete understanding of the operating performance of a REIT, the National Association of Real Estate Investment Trusts ("NAREIT") promulgated a measure known as funds from operations ("FFO"). Griffin Capital Essential Asset REIT, Inc is a public non-listed REIT focused on acquiring business essential single-tenant office and industrial properties net leased for long duration to creditworthy corporate tenants. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity The use of MFFO as a measure of long-term operating performance on value is also limited if we do not continue to operate under our current business plan as noted above. All rights reserved. On December 17, 2014, we sold an asset for $10.95 million that we considered to be non-core to the portfolio, the Eagle Rock Executive Office Center located in Hanover, New Jersey, which was acquired with the Investment Grade Portfolio in November 2013. Further, since the measure is based on historical financial information, MFFO for the period presented may not be indicative of future results or our future ability to pay our dividends. The terms of the unsecured credit agreement allow for $500 million in additional commitments, up to $1.25 billion, which can increase the unsecured revolving credit facility, the unsecured term loan or a combination of both. Griffin Capital Essential Asset REIT II, Inc. Class T Shares, Do Not Sell My Personal Information (CA Residents Only). Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This page is being updated. Properties Archive | Griffin Realty Trust Portfolio. All Rights Reserved. In the process, we incur non-reimbursable affiliated and non-affiliated acquisition-related costs, which in accordance with GAAP, are expensed as incurred and are included in the determination of income (loss) from operations and net income (loss). Russian strike toll: 45 dead civilians, including 6 children. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. These costs have been and will continue to be funded with cash proceeds from our Primary Public Offerings or included as a component of the amount borrowed to acquire such real estate. In order to mitigate our interest rate risk on certain financial instruments, if any, we may enter into interest rate cap agreements or other hedge instruments and in order to mitigate our risk to foreign currency exposure, if any, we may enter into foreign currency hedges. The table shows Griffin Capital Essential Asset REITs dividend history, including amount per share, payout frequency, declaration, record, and payment dates. We own and operate an institutional-quality portfolio of net-leased office and industrial assets, comprised of 144 buildings located in 26 states and totaling over 29 million square feet. This information is provided for illustrative purposes only. No offering of securities shall be made except by means of a prospectus meeting the requirements of the federal securities laws. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. (Please see financial reconciliation tables and notes at the end of this release for more information regarding MFFO and FFO.). About Griffin Capital Essential Asset REIT II, Inc. Griffin Capital Essential Asset REIT II, Inc. is a publicly registered, non-traded REIT focused on acquiring a portfolio consisting primarily of single tenant business essential properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration. 326 E 8th St #105, Sioux Falls, SD 57103 Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Griffin Capital Plaza, El Segundo, CA 90245. This external link Factors that could cause actual results to differ materially from these expectations include, but are not limited to, the risk that the merger will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the inability of GCEAR or GCEAR II to obtain stockholder approval of the merger or the failure to satisfy the other conditions to completion of the merger; risks related to disruption of managements attention from the ongoing business operations due to the merger; availability of suitable investment opportunities; changes in interest rates; the availability and terms of financing; general economic conditions; market conditions; legislative and regulatory changes that could adversely affect the business of GCEAR or GCEAR II; and other factors, including those set forth in the Risk Factors section of GCEARs and GCEAR IIs most recent Annual Report on Form 10-K for the year ended December 31, 2017, as updated by the subsequent Quarterly Reports on Form 10-Q for the periods ended March 31, 2018, June 30, 2018 and September 30, 2018 filed with the SEC, and other reports filed by GCEAR and GCEAR II with the SEC, copies of which are available on the SECs website, www.sec.gov. Please log in to your account or sign up in order to add this asset to your watchlist. The above-market and below-market lease values are capitalized as intangible lease assets or liabilities and amortized as an adjustment to rental income over the remaining terms of the respective leases. 2023 Griffin Capital Company, LLC. 3 Includes Griffin-American Healthcare REIT II, Inc. (GAHR II) which merged with NorthStar Realty Finance Corporation in December 2014. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Enter your email to receive our newsletter. Led by senior executives, each with more than two decades of real estate experience collectively encompassing over $25 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed approximately 33 million square feet of space since 1995. What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock symbol? By combining the durability of long-duration creditworthy leases with our proprietary suite of proactive portfolio management strategies, we generate outsized risk-adjusted returns while minimizing risk. 2 Total capitalization includes the outstanding debt balance, plus total equity raised in our public offering and operating partnership units issued. Compare Top Brokerages Here. As this item is a non-cash adjustment and is included in historical earnings, FFO is adjusted for the effect of the amortization of in-place lease valuation to arrive at MFFO as a means of determining operating results of our portfolio. Get daily stock ideas from top-performing Wall Street analysts. Additionally, we believe it is appropriate to disregard impairment charges, as this is a fair value adjustment that is largely based on market fluctuations, assessments regarding general market conditions, and the specific performance of properties owned, which can change over time. Market Commentary; 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009. When autocomplete results are available use up and down arrows to review and enter to select. In addition, these materials will also be available free of charge by accessing GCEARs websit(https://www.griffincapital.com/griffin-capital-essential-asset-reit)or by accessing GCEAR IIs website(https://www.griffincapital.com/griffin-capital-essential-asset-reit-ii). Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Type a symbol or company name. As a result, our portfolio at December 31, 2014(1) consisted of 57 assets encompassing approximately 13.0 million square feet of space in 20 states with a total acquisition value of $2.0 billion. As straight-line rent is a GAAP non-cash adjustment and is included in historical earnings, FFO is adjusted for the effect of straight-line rent to arrive at MFFO as a means of determining operating results of our portfolio. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. This press release contains statements that constitute forward-looking statements, as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. The asset was allocated an initial acquisition value of $6.5 million. FAQ Does Griffin Capital No less frequently than annually, we evaluate events and changes in circumstances that could indicate that the carrying amounts of real estate and related intangible assets may not be recoverable. Griffin Capital Essential Asset REIT II, Inc. Class I Shares, Do Not Sell My Personal Information (CA Residents Only). On August 5, 2022 the Company announced significant new information: a lower Net Asset Value (NAV) of $7.43 as of June 30, 2022, an amended and restated Share Redemption Program (SRP), and a restructuring proposal to split the Company into 2 separate entities. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity How have ZGEAEX shares performed in 2023? Robert A. Stanger & Co., Inc. and Bank of America Merrill Lynch are acting as financial advisors to GCEAR, and SunTrust Robinson Humphrey, Inc. is acting as financial advisor to GCEAR IIs special committee of the board of directors. EL SEGUNDO, Calif., Dec. 28, 2015 (GLOBE NEWSWIRE) Griffin Capital Corporation (Griffin Capital) announced today, on behalf of Griffin Capital Essential Asset REIT, Inc. (the REIT), the acquisition of a three-property portfolio from Global Income Trust, Inc. (the Seller), a public, non-traded REIT sponsored by CNL Financial Group, LLC. Historical Dividend Data powered by DividendInvestor.com. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Adding Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. All rights reserved. 1-202-739-9401 (fax). Sign up today for your free Reader Account! By combining the durability 2023, Nasdaq, Inc. All Rights Reserved. Enter Your Email Below To Claim Your Report: New Report from the Award-winning Analyst Who Beat the Market Over 15 Years. Through the end of 2014, Griffin Capital and its affiliates owned, managed, sponsored and/or co-sponsored a portfolio consisting of approximately 29 million square feet of space, located in 33 states and 1.0 million square feet located in the United Kingdom, representing approximately $6.7(3) billion in asset value. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered the presentation of operating results for real estate companies that use historical cost accounting to be insufficient. 2023 Griffin Realty Trust. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the REIT's annual report on From 10-K as filed with the Securities and Exchange Commission. Sorry, no news available for this stock ticker Jan. 18, 2023RVIC STOCK PRICE INCREASE: Retail Value Inc on 01-18-2023 increased stock price > 10% from $0.23 to $0.26, Jan. 18, 2023OGCP STOCK PRICE INCREASE: Unit Ltd Partnership Int Ser 60/Empire State Realty OP LP on 01-18-2023 increased stock price > 10% from $6.60 to $7.42, Jan. 18, 2023HHDS STOCK PRICE INCREASE: Highlands REIT Inc on 01-18-2023 increased stock price > 10% from $0.15 to $0.50, Dividend tools used by the pros, now at your fingertips, Find the secrets to discovering the best dividend-paying stocks by taking a short video tour of our site, FREE REPORT: My "Challenge" to the World's Richest Man: Elon Musk Copy and paste multiple symbols separated by spaces. Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). This is neither an offer nor a solicitation to purchase securities. Stocks & Funds. Additionally, publicly registered, non-listed REITs typically have a significant amount of acquisition activity and are substantially more dynamic during their initial years of investment and operation. GRT Strategic Update and Office Portfolio Sale Click for More Information. Shortly following the closing of the merger, GCEAR II, as the surviving entity, intends to conduct a tender offer for all shareholders of at least $100 million. Griffin Capital. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. We were organized primarily with the purpose of acquiring or investing in income-producing real property in order to generate operational income and cash flow that will allow us to provide regular cash distributions to our stockholders. No representations and warranties are made as to the reasonableness of the assumptions. Management will no longer consider the effect of the amortization of these financing costs in operating models and also believes that this loss is considered an isolated event not associated with our operations and, therefore, deems this write off to be an exclusion from MFFO. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? Legendary Investor Shares His #1 Monthly Dividend Play, Griffin Capital Essential Asset REIT II Inc Dividend Data, Dates and more financial information, Master Limited Partnership (MLP) Directory, Dividend-paying Defense Investments Serve the U.S. Navy and Shareholders, Five Dividend-paying Defense Investments Fueled by Russias War, Dividend-paying Defense Stocks Rise in Race for Space, Two Dividend-paying Launch Vehicle Stocks Offer Gifts to Investors Seeking Lifts, California Do not sell my personal information. Acquisition-related costs. By Invest Like an Institution, we mean that Griffin Institutional Access Real Estate Fund allows individual investors access to portfolio strategies, investment vehicles, and sub-advisers that are typically only available to large institutional investors such as banks, insurance companies, endowments, and pensions.
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