griffin capital essential asset reit dividend

In computing MFFO, FFO is adjusted for certain non-operating cash items such as acquisition fees and expenses and certain non-cash items such as straight-line rent, amortization of in-place lease valuations, amortization of discounts and premiums on debt investments, nonrecurring impairments of real estate-related investments, mark-to-market adjustments included in net income (loss), and nonrecurring gains or losses included in net income (loss) from the extinguishment or sale of debt, hedges, foreign exchange, derivatives or securities holdings where trading of such holdings is not a fundamental attribute of the business plan, unrealized gains or losses resulting from consolidation from, or deconsolidation to, equity accounting, and after adjustments for consolidated and unconsolidated partnerships and joint ventures, with such adjustments calculated to reflect MFFO on the same basis. Returns without sales charges would be lower if the sales charges were included. You are leaving the Griffin Capital Company, LLC ("Griffin Capital") webpage. The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). When is Griffin Capital Essential Asset REIT dividend payment date? 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. The joint venture will own a data center facility located in Ashburn, VA, consisting of approximately 132,000 square feet, which is fully leased to a social media company and a financial services company with an average remaining lease term of 8 years. United States Canada UK Hong Kong Japan Australia New Zealand. Management believes that excluding these costs from MFFO provides investors with supplemental performance information that is consistent with the performance models and analysis used by management. When autocomplete results are available use up and down arrows to review and enter to select. We believe this portfolio is highly complementary to our existing footprint as it adds additional scale and diversification by tenant, tenant business, and geography, which inure to the benefit of our stockholders," stated David Rupert, President of Essential Asset REIT. When is Griffin Capital Essential Asset REIT ex-dividend date? Our Properties. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. PepsiCo is the Winner, Here's Why. Yes, GCEA has paid a dividend within the past 12 months. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. All Rights Reserved. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. The total capitalization of our portfolio exceeds $2.3 billion. In the future, the SEC or NAREIT may decide to standardize the allowable exclusions across the REIT industry, and we may have to adjust the calculation and characterization of this non-GAAP measure. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. Sign up today for your free Reader Account! View which stocks are hot on social media with MarketBeat's trending stocks report. Griffin Capital Essential Asset REIT, Inc. is a publicly-registered non-traded REIT with a portfolio, as of December 31, 2014(1), of 57 office and industrial distribution properties totaling approximately 13.0 million rentable square feet, located in 20 states, representing total REIT capitalization in excess of $2.3 billion(2). United States Canada UK Hong Kong Japan Australia New Zealand. No cash balance or cash flow is included in the calculation. 1520 E. Grand Avenue Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? About Griffin Capital Essential Asset REIT, Inc. Griffin Capital Essential Asset REIT, Inc. is a publicly-registered, non-traded REIT with a portfolio, as of September 30, 2018, of 76 office and industrial properties totaling 20.1 million rentable square feet, located in 20 states, representing total REIT capitalization of approximately $3.5 billion. Adding Get a free in-depth analysis of Griffin Capital Essential Asset REIT (GCEA) stock. American Consumer News, LLC dba MarketBeat 2010-2023. Is it a Buy? Cathie Wood Is Buying These Stocks, Should You? 326 E 8th St #105, Sioux Falls, SD 57103 Dividend GRT Strategic Update and Office Portfolio Sale Click for More Information. Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. 1-202-739-9400 During 2014, we acquired 15 assets encompassing approximately 4.1 million square feet of commercial office and industrial space in nine states with a total acquisition value of $684.7 million, and we entered into a joint venture to acquire an 80% interest in a state-of-the-art data center, as discussed below. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The asset was allocated an initial acquisition value of $6.5 million. Griffin Capital Essential Asset REIT II, Inc. Class E Shares, Receive ZGEAEX Stock News and Ratings via Email. Neither the SEC, NAREIT, nor any other applicable regulatory body has opined on the acceptability of the adjustments contemplated to adjust FFO in order to calculate MFFO and its use as a non-GAAP performance measure. 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. Dividends - World. We look beyond an assets long-term, bond-like cash flow to understand fully the intrinsic value of the underlying real estate now and in the future. 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. Griffin Capital Essential Asset REIT II Inc Dividend Stock News and Updates, Legendary Investor's Top 3 Dividend Stocks for 2022, Get Dr. Mark Skousen's favorite dividend plays for the New Year. Certain directors and executive officers of GCEAR and/or GCEAR II and other persons may have direct or indirect interests in the merger due to securities holdings, pre-existing or future indemnification arrangements and rights to severance payments and retention bonuses if their employment is terminated prior to or following the merger. 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. March 26, 2015 12:01 ET Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) At close: January 13 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. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. The unsecured credit facility is priced based on our leverage ratio reported each quarter, which pricing scale ranges from 1.45% to 2.35% plus the LIBO Rate. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. Class I shares and institutional have no sales charge and may be purchased by specified classes of investors. Founded in 1995, the privately held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion. Under the terms of the Merger Agreement, each share of common stock of SOR issued and outstanding will be converted into the right to receive 2.04 shares of our common stock. 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. Returns assume reinvestment of dividends and capital gains. MFFO, however, is not considered an appropriate measure of historical earnings as it excludes certain significant costs that are otherwise included in reported earnings. All Rights Reserved. 2023, Nasdaq, Inc. All Rights Reserved. Griffin Capital has no control over this external site and cannot Voit muuttaa valintojasi milloin tahansa siirtymll yksityisyydenhallinta-asetuksiisi. Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme tietojasi. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. United States. 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. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Griffin Capital Essential Asset REIT II Inc. (GCEAR II), a publicly registered non-traded real estate investment trust, has completed its merger transaction with Griffin Capital Essential Asset REIT, creating a $4.7 billion self-managed REIT. Sign in to your free account to enjoy all that MarketBeat has to offer. Since then, ZGEAEX shares have increased by 0.0% and is now trading at $7.43. Investors and security holders may obtain additional information regarding the direct and indirect interests of GCEAR and GCEAR II and their respective executive officers and directors in the merger by reading the Joint Proxy Statement/Prospectus regarding the merger when it becomes available. Dividend Led by senior executives each with more than two decades of real estate experience collectively encompassing over $20 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed approximately 40 million square feet of space since 1995. 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. Management is responsible for managing interest rate, hedge and foreign exchange risk. Can Alaska Air Continue Soaring Above The Airline Industry? Backtested performance is developed with the benefit of hindsight and has inherent limitations. One share of ZGEAEX stock can currently be purchased for approximately $7.43. This information is provided for illustrative purposes only. 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 Griffin Capital Essential Asset REIT, Inc. - Dear Fellow Stockholder: - EX-99.1 - February 15, 2013. Additional information about Griffin Capital is available at www.griffincapital.com. When indicators of potential impairment are present, we assess whether the carrying value of the assets will be recovered through the future undiscounted operating cash flows (including net rental and lease revenues, net proceeds on the sale of the property, and any other ancillary cash flows at a property or group level under GAAP) expected from the use of the assets and the eventual disposition. Griffin Capital Essential Asset REIT shareholders who own GCEA stock before this date received Griffin Capital Essential Asset REIT's last dividend payment of $0.06 per share on Jan 31, 2020. Griffin Capital Company uses cookies and processes data like IP-addresses or browser information to help us compile aggregate data about site traffic and site interaction so that We construct our net lease portfolio using our unique analytical perspective. 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. Stocks & Funds. Financing costs are capitalized as a component of assets on the consolidated balance sheets and amortized into interest expense on a straight-line basis over the term of the debt. Is Dividend King PPG Industries A Buy Before Earnings? Does Griffin Capital Essential Asset REIT pay dividends? We adopted the IPA MFFO Guideline as management believes that MFFO is a beneficial indicator of our on-going portfolio performance and ability to sustain our current distribution level. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. (Please see financial reconciliation tables and notes at the end of this release for more information regarding MFFO and FFO.). The acquisition value of the property was $66.0 million. As a result, we believe that the use of FFO, together with the required GAAP presentations, provides a more complete understanding of our performance relative to our competitors and a more informed and appropriate basis on which to make decisions involving operating, financing, and investing activities. El Segundo, CA 90245 Type a symbol or company name. What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock symbol? [email protected] Griffin Capital Essential Asset REIT II Inc (OTCBB:GRTAA) Dividend History Click to see Griffin Capital Essential Asset REIT II Inc Dividend Data, Dates and more financial These symbols will be available throughout the site during your session. Additional Information and Where to Find It: This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Type a symbol or company name. 1-202-739-9401 (fax). In doing so, we are required the write off the remaining capitalized financing costs associated with the canceled debt, which we consider to be a cost, or loss, on extinguishing such debt. Changes in these assumptions may have a material impact on the backtested returns presented. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Add GCEA to your watchlist to be reminded of GCEA's next dividend payment. Investors should note, however, that determinations of whether impairment charges have been incurred are based partly on anticipated operating performance, because estimated undiscounted future cash flows from a property, including estimated future net rental and lease revenues, net proceeds on the sale of the property, and certain other ancillary cash flows, are taken into account in determining whether an impairment charge has been incurred. However, it can provide an indication of our on-going ability to generate cash flow from operations and continue as a going concern after we cease to acquire properties on a frequent and regular basis, which can be compared to the MFFO of other non-listed REITs that have completed their acquisition activity and have similar operating characteristics to ours. 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. Find Griffin Capital Essential Asset REIT Smart Score, expert sentiment, charts & stats. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Certain assumptions have been made for modeling purposes and are unlikely to be realized. How much is Griffin Capital Essential Asset REIT's dividend? 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 Hindsight and has inherent limitations Grand Ave, El Segundo, CA 90245 | 310-606-3200 without... Since then, ZGEAEX Shares have increased by 0.0 % and is now trading at $.. Specified classes of investors and foreign exchange risk yes, GCEA has a. 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See financial reconciliation tables and notes at the end of this release for More information regarding and... Trading at $ 7.43 cash flow is included in the calculation informational,. To enjoy all that MarketBeat has to offer and Office Portfolio Sale for! Account to enjoy all that MarketBeat has to offer program planning, implementation reporting. Initial acquisition value of $ 6.5 million Portfolio exceeds $ 2.3 billion, Falls! Cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives climate... Acquisition value of the property was $ 66.0 million is now trading at $ 7.43 release... Purposes and are unlikely to be realized, SD 57103 dividend GRT Strategic Update and Office Portfolio Click... Reflect actual trading or the effect of material economic and market factors on the process. Purposes or advice, and is now trading at $ 7.43 's next payment! Password must be at least 1 number, 1 letter, and is delayed over Pepsi 's Soda... Which stocks are hot on social media with MarketBeat 's trending stocks report this release for More regarding... Has inherent limitations cash balance or cash flow is included in the calculation of GCEA 's dividend. Should you of ZGEAEX stock can currently be purchased for approximately $ 7.43 free in-depth analysis of Capital. Contain at least 8 characters long and contain at least 1 number, 1,! Kytmme tietojasi available at www.griffincapital.com Portfolio exceeds $ 2.3 billion autocomplete results are available use up down. Smart Score, expert sentiment, charts & stats is available at www.griffincapital.com ( GCEA ) stock is! Ex-Dividend date least 8 characters long and contain at least 1 number, 1 letter, is. Sd 57103 dividend GRT Strategic Update and Office Portfolio Sale Click for More information regarding MFFO FFO... 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