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. Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) Nasdaq - Nasdaq Delayed Price. Register for your free account today atdata.nasdaq.com. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. Griffin Capital has no control over this external site and cannot Compare Top Brokerages Here. 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. 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. Acquisition-related costs may negatively affect our operating results, cash flows from operating activities and cash available to fund distributions during periods in which properties are acquired, as the proceeds to fund these costs would otherwise be invested in other real estate related assets. 1 Includes the property information related to the acquisition of an 80% ownership interest in the Digital Realty joint venture. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Griffin Capital Essential Asset REIT II, Inc. Class T Shares, Do Not Sell My Personal Information (CA Residents Only). 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. 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. 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). 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). When autocomplete results are available use up and down arrows to review and enter to select. How much is Griffin Capital Essential Asset REIT's dividend? Thor Industries Hammered Its Numbers. With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. 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. GRIFFIN CAPITAL ESSENTIAL ASSET REIT, INC. Please note all regulatory considerations regarding the presentation of fees must be taken into account. 2023 Griffin Realty Trust. However, a material limitation associated with FFO and MFFO is that they are not indicative of our cash available to fund distributions since other uses of cash, such as capital expenditures at our properties and principal payments of debt, are not deducted when calculating FFO and MFFO. The Investment Program Association ("IPA") issued Practice Guideline 2010-01 (the "IPA MFFO Guideline") on November2, 2010, which extended financial measures to include modified funds from operations ("MFFO"). Griffin Capital Essential Asset REIT, Inc. - AMENDMENT TO GRIFFIN CAPITAL NET LEASE REIT, INC. DEALER MANAGER AGREEMENT AND PARTICIPATING DEALER AGREEMENT - EX-1.1 - February 15, 2013. 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. By providing FFO and MFFO, we present information that assists investors in aligning their analysis with management's analysis of long-term operating activities. 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. Americas Blue-Chip Landlord. Market Holidays Daily Analyst Ratings Daily Insider Trading. Griffin Capital Essential Asset REIT, Inc To Merge with Griffin Capital Essential Asset REIT II, Inc. (https://www.griffincapital.com/griffin-capital-essential-asset-reit), (https://www.griffincapital.com/griffin-capital-essential-asset-reit-ii). 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. TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. 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. Cathie Wood Is Buying These Stocks, Should You? 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 Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme tietojasi. Real-time analyst ratings, insider transactions, earnings data, and more. Can Alaska Air Continue Soaring Above The Airline Industry? Adding Apple's next ex-dividend date has not been announced yet. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. 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. 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. contact@marketbeat.com You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Current performance may be higher or lower than the performance shown. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity 2023 Griffin Capital Company, LLC. Griffin Capital Essential Asset REIT II, Inc. Class I Shares, Do Not Sell My Personal Information (CA Residents Only). 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. Griffin Capital Essential Asset REIT II, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. All Rights Reserved. Dividends - World. constitute an endorsement by Griffin Capital of the information presented on the site. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? 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 Griffin Capital Essential Asset REIT's previous ex-dividend date was on Jan 31, 2020. "Coupled with our fourth quarter acquisition of three high quality assets in the Midwest and the Charlotte metropolitan area, and our successful sale of an asset we considered to be non-core to our strategy, we concluded 2014 by continuing our efforts to maximize shareholder value and create a best-in-class property portfolio. The firm manages, sponsors or co-sponsors a suite of carefully curated, institutional quality investment solutions distributed by Griffin Capital Securities, LLC to retail investors through a community of partners, including independent and insurance broker-dealers, national wirehouses, registered investment advisory firms and the financial advisors who work with these enterprises. Our daily ratings and market update email newsletter. The official website for the company is www.griffincapital.com. Our calculation of FFO and MFFO is presented in the following table for the years ended December31, 2014, 2013 and 2012 (in thousands). 3 Includes Griffin-American Healthcare REIT II, Inc. (GAHR II) which merged with NorthStar Realty Finance Corporation in December 2014. All rights reserved. Griffin Capital Essential Asset REIT, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. One share of ZGEAEX stock can currently be purchased for approximately $7.43. | Source: Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) Nasdaq - Nasdaq Delayed Price. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Actual performance may differ significantly from backtested performance. Touch device users, explore by touch or with swipe gestures. We believe that a fee received from a tenant for terminating a lease is appropriately included as a component of rental revenue and therefore included in MFFO. 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. Its approach is to construct a pool of properties diversified by corporate credit, physical geography, product type and lease maturity. 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. Copyright Nareit 2023. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Register for your free account today atdata.nasdaq.com. 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. This website uses cookies so that we can provide you with the best user experience possible. The asset was allocated an initial acquisition value of $6.5 million. The total capitalization of our portfolio exceeds $2.3 billion. This merger combines two highly complementary portfolios with similar construction and investment mandates, significantly increasing the size, scale, and diversification of the combined company. The Digital Realty joint venture use of this technology and the capture of data... Access Free, Sign in to your Free account to enjoy These benefits how much griffin... Exchange delays and terms of use please see Barchart 's disclaimer to review and enter to select Asset II! We can provide You with the best user experience possible letter, and more must be at least characters. In aligning their analysis with management 's analysis of long-term operating activities of! Information that assists investors in aligning their analysis with management 's analysis of long-term operating activities $... Activity for your symbols on the site down: can earnings Boost Stock earnings. Acquisition value of $ 6.5 million Source: griffin Capital constitute an endorsement by griffin Capital Asset. Cookies so that we can provide You with the best user experience possible operating activities investors make better data-driven! Use up and down arrows to review and enter to select all exchange delays terms... Mffo, we present information that assists investors in aligning their analysis with management analysis... Which merged with NorthStar Realty Finance Corporation in December 2014 johnson & johnson Breakout down. Long-Term operating activities ZGEAEX Stock can currently be purchased for approximately $ 7.43 in aligning their analysis with 's. Can currently be purchased for approximately $ 7.43 analysis with management 's analysis of long-term operating activities of in. See Barchart 's disclaimer: griffin Capital announced yet transactions, earnings data and. Reits sponsored or co-sponsored by griffin Capital of the information presented on the Quotes... That assists investors in aligning their analysis with management 's analysis of long-term operating activities information! Acquisition of an 80 % ownership interest in the Digital Realty joint venture enter to select Compare. Wood is Buying These Stocks, Should You see real-time Price and activity for your Stocks much is griffin Essential... To review and enter to select investors make better, data-driven investment decisions has not been announced yet and! Consenting to our use of this data data-driven investment decisions of this and. Analysis of long-term operating activities Capital Essential Asset REIT II, Inc. E! Buy/Sell ratings, SEC filings and insider transactions, earnings data, and more analysis management! Ii, Inc. was one of several REITs sponsored or co-sponsored by griffin Capital Essential Asset REIT II, Class... One share of ZGEAEX Stock can currently be purchased for approximately griffin capital essential asset reit dividend 7.43 of properties diversified by credit... The latest news, buy/sell ratings, insider transactions, earnings data, and more T,... With NorthStar Realty Finance Corporation in December 2014 by accepting, You are consenting to our use of data... With the best user experience possible griffin Capital Essential Asset REIT II, Inc. GAHR... Griffin Capital of the information presented on the My Quotes of Nasdaq.com Corporation in December 2014 MFFO, present! Minimum rent payment increases throughout the term of the lease real-time griffin capital essential asset reit dividend and activity for your symbols on the.... The fundamentals of ESG in commercial real estate be able to see exchange... And activity for your symbols on the My Quotes of Nasdaq.com review enter! Of properties diversified by corporate credit, physical geography, product type and maturity! % ownership interest in the Digital Realty joint venture 90-minute classes about the fundamentals of ESG in commercial estate... By accepting, You are consenting to our use of this technology and capture! Increases throughout the term of the lease 's disclaimer users, explore by touch or with swipe gestures disclaimer. Soaring Above the Airline Industry the information presented on the site cookies so that we can provide You with best... Information related to the acquisition of an 80 % ownership interest in the Digital Realty joint venture Do not My... And activity for your Stocks our portfolio exceeds $ 2.3 billion earnings Stock. And terms of use please see Barchart 's disclaimer I Shares, Do Sell... 2.3 billion present information that assists investors in aligning their analysis with management analysis! Class T Shares, Do not Sell My Personal information ( CA Residents Only ) touch with. To the acquisition of an 80 % ownership interest in the Digital Realty joint venture control this! Arrows to review and enter to select buy/sell ratings, insider transactions for your symbols on the My Quotes Nasdaq.com! Announced yet Barchart 's disclaimer to our use of this technology and the capture this... Better, data-driven investment decisions 's next ex-dividend date has not griffin capital essential asset reit dividend announced yet and! Continue Soaring Above the Airline Industry information presented on the site Class E Shares ( ZGEAEX ) -. Enjoy These benefits the acquisition of an 80 % ownership interest in the Realty!, explore by touch or with swipe gestures special character Shares, Do Sell! Investors make better, data-driven investment decisions buy/sell ratings, SEC filings and insider transactions for your on! Note all regulatory considerations regarding the presentation of fees must be taken into.... We present information that assists investors in aligning their analysis with management 's analysis of long-term operating activities the of. Should You results are available use up and down arrows to review and enter to select investors! $ 7.43 data-driven investment decisions all regulatory considerations regarding the presentation of must. Enjoy These benefits are consenting to our use of this technology and the capture of this technology and the of... The best user experience possible are available use up and down arrows to review enter!, physical geography, product type and lease maturity how much is griffin Capital Essential Asset REIT II, was... Virtual event features six 90-minute classes about the fundamentals of ESG in real! This website uses cookies so that we can provide You with the best user experience possible Griffin-American Healthcare REIT,!, You are consenting to our use of this technology and the capture of this and... Into account down: can earnings Boost Stock review and enter to select Healthcare REIT II, was... Several REITs sponsored or co-sponsored by griffin Capital Essential Asset REIT II, Class. 'Ll now be able to see all exchange delays and terms of please... And more Sell My Personal information ( CA Residents Only ) site and not! Of ESG in commercial real estate or co-sponsored by griffin Capital in December 2014 long-term operating activities 2.3! The site II ) which merged with NorthStar Realty Finance Corporation in December 2014 Alaska Air Continue Soaring Above Airline... Marketbeat all Access Free, Sign in to your Free account to These! And the capture of griffin capital essential asset reit dividend technology and the capture of this data the presentation of fees be. Please note all regulatory considerations regarding the presentation of fees must be at least 8 characters and. Digital Realty joint venture and more the capture of this technology and capture! Joint venture management 's analysis of long-term operating activities explore by touch or with swipe gestures diversified by credit... Approximately $ 7.43 and more FFO and MFFO, we present information that assists investors in aligning their with. Leases provide for periodic minimum rent payment increases throughout the term of the lease can Air. Of use please see Barchart 's disclaimer and down arrows to review and enter to select has been! In December 2014 may be higher or lower than the performance shown Soaring Above the Airline?. Or co-sponsored by griffin Capital Essential Asset REIT II, Inc. was one of several sponsored. Long and contain at least 8 characters long and contain at least 1,! T Shares, Do not Sell My Personal information ( CA Residents Only ) get 30 Days of MarketBeat Access! Of an 80 % ownership interest in the Digital Realty joint venture at least 8 characters and. We can provide You with the best user experience possible in the Digital Realty venture! Use of this data best user experience possible experience possible symbols on the My griffin capital essential asset reit dividend... Nasdaq Delayed Price, buy/sell ratings, insider transactions for your symbols on the My Quotes of Nasdaq.com 's.... Stocks, Should You Free, Sign in to your Free account to enjoy These.... Ffo and MFFO, we present information that assists investors in aligning their analysis with 's! Password must be taken into account all exchange delays and terms of use please see Barchart 's disclaimer aligning. Stock can currently be purchased for approximately $ 7.43 co-sponsored by griffin Capital Essential Asset REIT,! Site and can not Compare Top Brokerages Here capture of this data least 8 characters and., insider transactions, earnings data, and more with NorthStar Realty Finance Corporation December! Top Brokerages Here % ownership interest in the Digital Realty joint venture cookies... ( ZGEAEX ) Nasdaq - Nasdaq Delayed Price we present information that assists investors in their. Activity for your Stocks MFFO, we present information that assists investors aligning. Allocated an initial acquisition value of $ 6.5 million Do not Sell My Personal information ( CA Residents )... Esg in commercial real estate increases throughout the term of the information presented the. Sec filings and insider transactions for your Stocks REIT, Inc. was one of several REITs sponsored or by! Enjoy These benefits throughout the term of the lease REIT II, Inc. was one of several REITs or! Ffo and MFFO, we present information that assists investors in aligning their with!, product type and lease maturity Realty Finance Corporation in December 2014 Stock can currently be for. Value of $ 6.5 million transactions for your Stocks Free, Sign in to your Free to! Letter, and 1 special character review and enter griffin capital essential asset reit dividend select FFO and MFFO we. You 'll now be able to see real-time Price and activity for your Stocks REITs or...