Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Since then, ZGEAEX shares have increased by 0.0% and is now trading at $7.43. By excluding acquisition-related costs, MFFO may not provide an accurate indicator of our operating performance during periods in which acquisitions are made. 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. 2023 Griffin Capital Company, LLC. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. link | News | Griffin Capital Essential Asset REIT Acquires Wyndhams Corporate Headquarters Facility. Please log in to your account or sign up in order to add this asset to your watchlist. El Segundo, CA 90245 1520 E. Grand Avenue As a term of obtaining this debt, we will pay financing costs to the respective lender. FAQ Does Griffin Capital TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. 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. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Griffin Capital Essential Asset REIT II, Inc. Class E Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "ZGEAEX.". Current performance may be higher or lower than the performance shown. This means that every time you visit this website you will need to enable or disable cookies again. How do we provide stable cash flow, downside protection, and create alpha? No representations and warranties are made as to the reasonableness of the assumptions. Griffin Capital Essential Asset REIT II, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. Germany Switzerland Spain Poland Netherlands Greece France Ireland Italy Belgium Austria. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Create your Watchlist to save your favorite quotes on Nasdaq.com. Returns without sales charges would be lower if the sales charges were included. 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. By accepting, you are consenting to our use of this technology and the capture of this data. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. How can I contact Griffin Capital Essential Asset REIT II, Inc. Class E Shares? United States Canada UK Get a free in-depth analysis of Griffin Capital Essential Asset REIT (GCEA) stock. UnitedHealth Group Stock: Is This The Bottom? The REIT's sponsor, Griffin Capital Corporation ("Griffin Capital"), is a privately-owned real estate company headquartered in Los Angeles. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? While impairment charges are excluded from the calculation of MFFO as described above, investors are cautioned that due to the fact that impairments are based on estimated future undiscounted cash flows and the relatively limited term of our operations, it could be difficult to recover any impairment charges through operational net revenues or cash flows prior to any liquidity event. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Class I shares and institutional have no sales charge and may be purchased by specified classes of investors. 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. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. The asset was allocated an initial acquisition value of $6.5 million. April 29, 2014. 1-202-739-9400 Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The acquisition value of the property was $66.0 million. Backtested performance is not an indicator of future actual results. 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. 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. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Touch device users, explore by touch or with swipe gestures. Returns assume reinvestment of dividends and capital gains. 2023, Nasdaq, Inc. All Rights Reserved. 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 can offer better user experiences. Copyright Nareit 2023. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. Investors will be able to obtain these materials and other documents filed with the SEC free of charge at the SECs website(http://www.sec.gov). About Griffin Capital Essential Asset REIT II and Griffin Capital Corporation Griffin Capital Essential Asset REIT II, Inc. is a publicly registered non-traded REIT with a portfolio that currently includes 10 office properties totaling approximately 2. 0 million rentable square feet and asset value of over $328 million. Market Commentary; 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009. Dividends - World. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. 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. Acquired in-place leases are valued as above-market or below-market as of the date of acquisition based on the present value of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) management's estimate of fair market lease rates for the corresponding in-place leases over a period equal to the remaining non-cancelable term of the lease for above-market leases. Gain or Loss from the extinguishment of debt. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. The company can be reached via phone at 1.310.469.6100. REITs with enhanced scale and experienced internal management are viewed more favorably by institutional investors and lenders, enhancing the REITs potential liquidity optionality and value to shareholders, said Michael J. Escalante, CEO and President of GCEAR and President of GCEAR II. constitute an endorsement by Griffin Capital of the information presented on the site. 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. By combining the durability Accordingly, unless our Advisor determines to waive the payment of any then-outstanding acquisition-related costs otherwise payable to our Advisor, such costs will be paid from additional debt, operational earnings or cash flow, net proceeds from the sale of properties, or ancillary cash flows. As of December 31, 2014 SOR had 20,473,024 shares of common stock outstanding. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Add GCEA to your watchlist to be reminded of GCEA's next dividend payment. By providing FFO and MFFO, we present information that assists investors in aligning their analysis with management's analysis of long-term operating activities. This external link Enter Your Email Below To Claim Your Report: New Report from the Award-winning Analyst Who Beat the Market Over 15 Years. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) As of 08:06AM EST. 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. Griffin Capital Essential Asset REIT (GCEA) does not pay a dividend. We construct our net lease portfolio using our unique analytical perspective. Kun napsautat Hyvksy kaikki, hyvksyt sen, ett Yahoo ja kumppanimme ksittelevt henkiltietojasi ja nyttvt evsteiden kaltaisten tekniikoiden avulla sinulle rtlity mainontaa ja sislt sek hydyntvt nit tekniikoita mainosten ja sislln mittaamisessa, kohderyhmtiedoissa ja tuotekehityksess. 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). Griffin Capital has no control over this external site and cannot However, MFFO is not a useful measure in evaluating NAV because impairments are taken into account in determining NAV but not in determining MFFO. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Griffin Capital Plaza, El Segundo, CA 90245. 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. 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. Type a symbol or company name. We use debt as a source of capital to acquire properties in our portfolio. Please return soon. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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. 3 Includes Griffin-American Healthcare REIT II, Inc. (GAHR II) which merged with NorthStar Realty Finance Corporation in December 2014. The Merger is subject to customary closing conditions, including the receipt of approval of SOR's stockholders, thus, there is no guarantee that the Merger will be consummated. Can Alaska Air Continue Soaring Above The Airline Industry? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Blue chip and investment grade descriptions are those of either tenants and/ or guarantors with investment grade credit ratings or whose non-guarantor parent companies have investment grade credit ratings or what management believes are generally equivalent ratings. 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. More specifically, MFFO isolates the financial results of the REIT's operations. Dividends - World. Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) Nasdaq - Nasdaq Delayed Price. Adding 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. In accordance with GAAP, these periodic minimum rent payment increases during the term of a lease are recorded to rental revenue on a straight-line basis in order to reconcile the difference between accrual and cash basis accounting. The transaction is expected to close in the first half of 2019, subject to certain closing conditions, including the approval of the merger by both GCEAR and GCEAR II shareholders. 2 Total capitalization includes the outstanding debt balance, plus total equity raised in our public offering and operating partnership units issued. Certain assumptions have been made for modeling purposes and are unlikely to be realized. The property is leased, on a triple-net basis, to General Electric Company, obligating GE to all operating and maintenance expenses and certain capital expenditures. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. 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. Actual performance may differ significantly from backtested performance. See what's happening in the market right now with MarketBeat's real-time news feed. Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) Nasdaq - Nasdaq Delayed Price. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The unsecured credit facility consists of a $450 million revolving credit facility and a $300 million term loan. Properties Archive | Griffin Realty Trust Portfolio. ", About Griffin Capital Essential Asset REIT and Griffin Capital Corporation. New. 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. Recommendation -- Prev Close -- Compare Top Brokerages Here. "The Essential Asset REIT capped off a spectacular 2014 with our entry into a definitive merger agreement with Signature Office REIT, Inc., a non-traded REIT with a 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). This page is being updated. Current performance may be higher or lower than the performance shown. Industrial 2023 Griffin Realty Trust. Griffin Capital Essential Asset REIT has no upcoming dividends. We consider the amortization expense to be a component of operations if the debt was used to acquire properties. These symbols will be available throughout the site during your session. Changes in these assumptions may have a material impact on the backtested returns presented. Type a symbol or company name. Americas Blue-Chip Landlord. When is Griffin Capital Essential Asset REIT dividend payment date? Funds from Operations and Modified Funds from Operations There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. 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. On February 19, 2015, we acquired a property consisting of two four-story office buildings located in West Chester, Ohio, with a total of 409,800 square feet. The table shows Griffin Capital Essential Asset REITs dividend history, including amount per share, payout frequency, declaration, record, and payment dates. 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. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? 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. In addition, GCEAR announced it is now self-administered following the contribution of Griffin Capital Real Estate Company, LLC (GRECO) to GCEAR on December 14, 2018. contact@marketbeat.com Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity All information is provided without warranty of any kind. Returns assume reinvestment of dividends and capital gains. What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock price today? Amortization of in-place lease valuation. 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. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity 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. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Nelson Mullins Riley & Scarborough LLP is providing legal counsel to GCEAR, and Venable LLP is providing legal counsel to GCEARs special committee of the board of directors. 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. Dividend History - Griffin Capital Essential Asset REIT II, Inc. - Weiss Ratings Stocks & Funds ETF Ratings U Griffin Capital Essential Asset REIT II, Inc. Over 67% of the portfolio is leased to investment-grade tenants. As explained below, management's evaluation of our operating performance excludes items considered in the calculation of MFFO based on the following economic considerations: For all of these reasons, we believe the non-GAAP measures of FFO and MFFO, in addition to income (loss) from operations, net income (loss) and cash flows from operating activities, as defined by GAAP, are helpful supplemental performance measures and useful to investors in evaluating the performance of our real estate portfolio. 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. On February 20, 2015, we sold an asset for $14.3 million that we considered to be non-core to the portfolio, College Park Plaza, located in Indianapolis, Indiana, which was acquired with the Investment Grade Portfolio in November 2013. (844) 978-6257. When is Griffin Capital Essential Asset REIT ex-dividend date? Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. Apple's next ex-dividend date has not been announced yet. When autocomplete results are available use up and down arrows to review and enter to select. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. AND the Best Way To Invest in Dividend Stocks, Top 20 Living Economist Dr. Mark Skousen, Quickly find stocks on the NYSE, NASDAQ and more. Yes, GCEA has paid a dividend within the past 12 months. Linking to an external site does not "The Essential Asset REIT capped off a spectacular 2014 with our entry into a definitive merger agreement with Signature Office REIT, Inc., a non-traded REIT with a property portfolio consisting of 15 office buildings, in November 2014. Baker McKenzie is providing legal counsel to Griffin Capital. El Segundo, Calif. (June 29, 2015) Griffin Capital Alternatively, we believe that the periodic amount paid by the tenant in subsequent periods to satisfy the termination fee obligation should be included in MFFO. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. | Source: Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Copy and paste multiple symbols separated by spaces. Jos haluat listietoa ja haluat hallita valintojasi, napsauta Hallitse asetuksia. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity 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. Export data to Excel for your own analysis. Tritium Is the Largest DC EV Charger Maker Youve Never Heard Of. 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. All Rights Reserved. Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme tietojasi. attest to the accuracy of information provided by this link. GCEAR and GCEAR II expect to prepare and file with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus. 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. March 26, 2015 12:01 ET Additional information is available atwww.griffincapital.com. Market Holidays Daily Analyst Ratings Daily Insider Trading. On May 8, 2014, we canceled our existing secured credit facility and term loan with KeyBank and a syndicate of other lenders, and replaced the same with an unsecured credit facility led by KeyBank and Bank of America. 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. 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 can offer better user experiences. By accepting, you are consenting to our use of this technology and the capture of this data. Additionally, MFFO has limitations as a performance measure in an offering such as ours where the price of a share of common stock is a stated value. Invest Like a Pro with Unique Data & Simplifed Tools, Make informed decisions based on Top Analysts' activity, Get actionable alerts from top Wall Street Analysts, Find out before anyone else which stock is going to shoot up, Get powerful stock screeners & detailed portfolio analysis. 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. Griffin Realty Trust 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 can offer better user experiences. Type a symbol or company name. (Please see financial reconciliation tables and notes at the end of this release for more information regarding MFFO and FFO.). Historical Dividend Data powered by DividendInvestor.com. 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. The total capitalization of our portfolio exceeds $2.3 billion. 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. Is Dividend King PPG Industries A Buy Before Earnings? To see all exchange delays and terms of use please see Barchart's disclaimer. Griffin Capital Company, LLC (Griffin Capital) is a leading alternative investment asset manager that owns, manages, sponsors or co/sponsors approximately $11.2 billion* in assets. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. 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. 2023, Nasdaq, Inc. All Rights Reserved. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The table shows Griffin Capital Essential Asset REITs dividend history, including amount per share, payout frequency, declaration, record, and payment dates. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character.
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