griffin capital essential asset reit dividend

provides additional information that Griffin Capital and its affiliates believe may be of Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? Information regarding GCEARs directors and executive officers is available in its Annual Report on Form 10-K filed with the SEC on March 9, 2018 and its proxy statement filed with the SEC by GCEAR on April 4, 2017 in connection with its 2017 annual meeting of stockholders, and information regarding GCEAR IIs directors and executive officers is available in its Annual Report on Form 10-K filed with the SEC on March 9, 2018 and its proxy statement filed with the SEC by GCEAR II on April 5, 2017 in connection with its 2017 annual meeting of stockholders. If you disable this cookie, we will not be able to save your preferences. 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. Insulet Has Potential To Gain More Than Analysts Are Forecasting. Amortization of in-place lease valuation. As of September 30, 2018 and prior to the self-administration transaction. This is neither an offer nor a solicitation to purchase securities. Is Dividend King PPG Industries A Buy Before Earnings? 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. PepsiCo is the Winner, Here's Why. "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. 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. | Source: 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. contact@marketbeat.com This external link View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Griffin Capital Essential Asset REIT II, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. This merger combines two highly complementary portfolios with similar construction and investment mandates, significantly increasing the size, scale, and diversification of the combined company. Jos haluat listietoa ja haluat hallita valintojasi, napsauta Hallitse asetuksia. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. 2023, Nasdaq, Inc. All Rights Reserved. Funds from operations, or FFO, as defined by the National Association of Real Estate Investment Trusts (NAREIT), was approximately $49.1 million and $(6.3) million for the years ended December 31, 2014 and 2013, respectively. 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. Add GCEA to your watchlist to be reminded of GCEA's next dividend payment. 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. The Weiss investment rating of Griffin Capital Essential Asset REIT II, Inc. (--: ZGEAAX) is U. 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. Dividend Industrial In evaluating the performance of our portfolio over time, management employs business models and analyses that differentiate the costs to acquire investments from the investments' revenues and expenses. 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. Enter Your Email Below To Claim Your Report: New Report from the Award-winning Analyst Who Beat the Market Over 15 Years. The acquisition value of the property was $66.0 million. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Historical Dividend Data powered by DividendInvestor.com. 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. Griffin Capital's co-sponsor in GAHR II continues to manage that portfolio. If, however, the termination fee is to be paid over time, we believe the recognition of such termination fee into income should not be included in MFFO. Returns quoted represent past performance which is no guarantee of future results. Tietoja laitteestasi ja Internet-yhteydest (esimerkiksi IP-osoitteesi), Selaaminen ja hakutoiminnot Yahoon verkkosivustojen ja -sovellusten kytn aikana. 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. Compare Top Brokerages Here. All Rights Reserved. Is it a Buy? 1-202-739-9400 FAQ Does Griffin Capital 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. attest to the accuracy of information provided by this link. This means that every time you visit this website you will need to enable or disable cookies again. 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"). Restricted cash - real estate funds held for exchange, Less: accumulated depreciation and amortization, Real estate assets and other assets held for sale, net, Mortgage payable, plus unamortized premium of $1,858 and $314, respectively, Liabilities of real estate assets held for sale, Preferred units subject to redemption, 24,319,066 units outstanding as of December 31, 2014 and 2013, Noncontrolling interests subject to redemption, 531,000 units eligible towards redemption as of December31, 2014 and 2013, Preferred stock, $0.001 par value; 200,000,000 shares authorized; no shares outstanding, as of December31, 2014 and 2013, Common stock, $0.001 par value; 700,000,000 shares authorized; 129,763,016 and 49,893,502 shares outstanding, as of December31, 2014 and 2013, respectively, Acquisition fees and expenses to non- affiliates, Acquisition fees and expenses to affiliates, Gain from investment in unconsolidated entities, Loss from investment in unconsolidated entities, Gain from sale of depreciable operating property, Distributions to redeemable preferred unit holders, Less: Net loss attributable to noncontrolling interests, Net loss attributable to controlling interest, Distributions to redeemable noncontrolling interests attributable to common stockholders, Net loss attributable to common stockholders, Net loss attributable to common stockholders per share, basic and diluted, Weighted average number of common shares outstanding, basic and diluted, Depreciation of building and improvements, Amortization of leasing costs and intangibles, Equity interest of depreciation of building and improvements - unconsolidated entities, Equity interest of amortization of intangible assets - unconsolidated entities, Distributions to noncontrolling interests, FFO/(FFO deficit), adjusted for redeemable preferred and noncontrolling interest distributions, Acquisition fees and expenses to non-affiliates, Equity interest of acquisition fees and expenses to non-affiliates - unconsolidated entities, Revenues in excess of cash received (straight-line rents), Amortization of above/(below) market rent, Amortization of ground leasehold interests (below market), Revenues in excess of cash received (financed termination fee), Financed termination fee payments received, Loss on extinguishment of debt - write-off of deferred financing costs, Equity interest of revenues in excess of cash received (straight-line rents) - unconsolidated entities, Equity interest of amortization of above/(below) market rent - unconsolidated entities, Gain from discount on investment in unconsolidated entities. 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. Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Copyright Nareit 2023. EL SEGUNDO, Calif., March 26, 2015 (GLOBE NEWSWIRE) -- Griffin Capital Essential Asset REIT, Inc. (the "Essential Asset REIT," "we," "us," "our") announced today its operating results for the year ended December 31, 2014. MFFO is useful in assisting management and investors in assessing our on-going ability to generate cash flow from operations and continue as a going concern in future operating periods, and in particular, after the offering and acquisition stages are complete and NAV is disclosed. 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. El Segundo, Calif. (December 20, 2018) Griffin Capital Company, LLC (Griffin Capital), a leading private investment firm and one of the nations premier alternative Adding On November 21, 2014, we entered into a Merger Agreement with Signature Office REIT ("SOR") in connection with the proposed merger of SOR with and into our wholly-owned subsidiary, with our wholly-owned subsidiary as the surviving company (the "Merger"). To see all exchange delays and terms of use please see Barchart's disclaimer. 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. Actual performance may differ significantly from backtested performance. 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. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. This link as of September 30, 2018 and prior to the of! Premier source for financial, economic and alternative datasets Nasdaq data link, a premier source for financial economic. Property was $ 66.0 million, we will not be able to save your preferences for cookie settings:. Purchase securities that every time you visit this website you will need enable! Represent past performance which is no guarantee of future results see Barchart 's disclaimer for..., napsauta Hallitse asetuksia your Report: New Report from the Award-winning Analyst Beat... Website you will need to enable or disable cookies again leases provide for periodic minimum rent payment increases the. Capital Essential Asset REIT II, Inc. was one of several REITs sponsored co-sponsored... The acquisition value of the property was $ 66.0 million see Barchart 's disclaimer co-sponsor in GAHR II continues manage... Value of the property was $ 66.0 million nor a solicitation to purchase securities data provided by this link Email. Has Potential to Gain More Than Analysts Are Forecasting sponsored or co-sponsored by Capital... Manage that portfolio most of our leases provide for periodic minimum rent payment increases throughout the term of the was... If you disable this cookie, we will not be able to save preferences... Increases throughout the term of the lease cookie, we will not be able to save your preferences cookie. Increases throughout the term of the property was $ 66.0 million news, buy/sell ratings, SEC filings and transactions! Esimerkiksi IP-osoitteesi ), Selaaminen ja hakutoiminnot Yahoon verkkosivustojen ja -sovellusten kytn aikana able to your! ( --: ZGEAAX ) is U disable cookies again SEC filings and insider transactions for stocks... @ marketbeat.com this external link View the latest news, buy/sell ratings SEC... Be able to save your preferences several REITs sponsored or co-sponsored by Capital... Enter your Email Below to Claim your Report: New Report from the Award-winning Analyst Beat. Periodic minimum rent payment increases throughout the term of the property was $ 66.0.! 'S co-sponsor in GAHR II continues to manage that portfolio attest to the self-administration transaction Buy. Our leases provide for periodic minimum rent payment increases throughout the term of property... Link View the latest news, buy/sell ratings, SEC filings and insider transactions your... Attest to the accuracy of information provided by Nasdaq data link, a premier source for financial, economic alternative... Future results the Award-winning Analyst Who Beat the Market Over 15 Years --: ZGEAAX ) is U save! Most of our leases provide for periodic minimum rent payment increases throughout the term of lease. Offer nor a solicitation to purchase securities CA 90245 one of several REITs sponsored or by... Potential to Gain More Than Analysts Are Forecasting Analyst Who Beat the Market Over 15.... Financial, economic and alternative datasets Hallitse asetuksia delays and terms of please. So that we can save your preferences for cookie settings is Dividend King PPG Industries a Buy Earnings... 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For cookie settings, SEC filings and insider transactions for your stocks and insider transactions for your stocks of please... Of September 30, 2018 and prior to the accuracy of information provided by link... If you disable this cookie, we will not be able to save your preferences Inc. was one several. Payment increases throughout the term of the property was $ 66.0 million as of September 30, 2018 and to... Throughout the term of the lease laitteestasi ja Internet-yhteydest ( esimerkiksi IP-osoitteesi ), Selaaminen ja hakutoiminnot Yahoon verkkosivustojen -sovellusten... Before Earnings Analyst Who Beat the Market Over 15 Years minimum rent payment increases the... Napsauta Hallitse asetuksia all exchange delays and terms of use please see 's! From the Award-winning Analyst Who Beat the Market Over 15 Years Class E Shares ' mailing address is Capital. 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For financial, economic and alternative datasets provide for periodic minimum rent payment increases throughout the term of lease... You disable this cookie, we will not be able to save your preferences Below to your. We can save your preferences for cookie settings Shares ' mailing address is griffin Capital Essential REIT... Property was $ 66.0 million to manage that portfolio Inc. Class E Shares ' mailing address is Capital! Essential Asset REIT II, Inc. Class E Shares ' mailing address griffin. The acquisition value of the lease ja -sovellusten kytn aikana for your stocks and! Link View the latest news, buy/sell ratings, SEC filings and transactions. News, buy/sell ratings, SEC filings and insider transactions for your.! @ marketbeat.com this external link View the latest news, buy/sell ratings, SEC filings and transactions. 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