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. 2023 Griffin Capital Company, LLC. Get a free in-depth analysis of Griffin Capital Essential Asset REIT (GCEA) stock. Please log in to your account or sign up in order to add this asset to your watchlist. This means that every time you visit this website you will need to enable or disable cookies again. 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. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity Dividends - World. 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. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. constitute an endorsement by Griffin Capital of the information presented on the site. 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. However, MFFO is not a useful measure in evaluating NAV because impairments are taken into account in determining NAV but not in determining MFFO. Through the end of 2014, Griffin Capital and its affiliates owned, managed, sponsored and/or co-sponsored a portfolio consisting of approximately 29 million square feet of space, located in 33 states and 1.0 million square feet located in the United Kingdom, representing approximately $6.7(3) billion in asset value. Dividend Griffin Capital Essential Asset REIT's previous ex-dividend date was on Jan 31, 2020. 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. Dividend interest to prospective investors. Over 67% of the portfolio is leased to investment-grade tenants. GRT Strategic Update and Office Portfolio Sale Click for More Information. 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 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 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. 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 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 the main competitors of griffin capital essential asset reit ii include acre realty investors (aiii), aedifica (aedff), alstria office reit (alsrf), american hotel income properties reit (ahotf), american spectrum realty (aqqsq), capital & counties properties plc (ccppf), capitaland ascott trust (attrf), cbl & associates properties (cblaq), cdl Griffin Capital Essential Asset REIT II, Inc. Class E Shares, Receive ZGEAEX Stock News and Ratings via Email. 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.. When is Griffin Capital Essential Asset REIT ex-dividend date? 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. Returns assume reinvestment of dividends and capital gains. TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. 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. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Register for your free account today atdata.nasdaq.com. In order to mitigate our interest rate risk on certain financial instruments, if any, we may enter into interest rate cap agreements or other hedge instruments and in order to mitigate our risk to foreign currency exposure, if any, we may enter into foreign currency hedges. 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. Its approach is to construct a pool of properties diversified by corporate credit, physical geography, product type and lease maturity. 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. The TipRanks Smart Score performance is based on backtested results. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Market Commentary; 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Class I shares and institutional have no sales charge and may be purchased by specified classes of investors. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? As of September 30, 2018, Griffin Capital Essential Asset REIT II, Inc. has acquired 35 office and industrial buildings totaling approximately 7.3 million rentable square feet and total REIT capitalization of approximately $1.3 billion. 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. Get daily stock ideas from top-performing Wall Street analysts. Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. 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. Returns quoted represent past performance which is no guarantee of future results. 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"). How can I contact Griffin Capital Essential Asset REIT II, Inc. Class E Shares? Properties. Properties Archive | Griffin Realty Trust Portfolio. 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. Register for your free account today atdata.nasdaq.com. Export data to Excel for your own analysis. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. All Rights Reserved. Is it a Buy? Dividend History - Griffin Capital Essential Asset REIT II, Inc. - Weiss Ratings Stocks & Funds ETF Ratings U Griffin Capital Essential Asset REIT II, Inc. New. In connection with the rebranding, the Company unveiled a new logo along with the launch of its new website, www.grtreit.com. 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. 2023 Griffin Realty Trust. Cathie Wood Is Buying These Stocks, Should You? 326 E 8th St #105, Sioux Falls, SD 57103 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). INVESTORS ARE URGED TO READ THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY. 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. Copyright Nareit 2023. We provide opinion articles, detailed dividend data, history, and dates for every dividend stock, screening tools, and our exclusive dividend all star rankings. 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. Redefining Net Lease Investing. The official website for the company is www.griffincapital.com. 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. All Rights Reserved. Griffin Capital Essential Asset REIT II, Inc. Class T Shares, Do Not Sell My Personal Information (CA Residents Only). GRIFFIN CAPITAL ESSENTIAL ASSET REIT, INC. When autocomplete results are available use up and down arrows to review and enter to select. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. 2 Total capitalization includes the outstanding debt balance, plus total equity raised in our public offering and operating partnership units issued. 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. Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. From time to time, we may cancel certain debt obligations and replace these canceled debt obligations with new debt at more favorable terms to us. 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. Voit muuttaa valintojasi milloin tahansa siirtymll yksityisyydenhallinta-asetuksiisi. 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. Because FFO calculations exclude such items as depreciation and amortization of real estate assets and gains and losses from sales of operating real estate assets (which can vary among owners of identical assets in similar conditions based on historical cost accounting and useful-life estimates), they facilitate comparisons of operating performance between periods and between other REITs. In-depth profiles and analysis for 20,000 public companies. 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. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. The acquisition value of the property was $66.0 million. Our daily ratings and market update email newsletter. A premier source for financial, economic and alternative datasets get a free in-depth analysis of Capital. 2011 2010 2009 is no guarantee of future results are available use up and down arrows to review and to. Source for financial, economic and alternative datasets media with MarketBeat 's trending stocks report comprehensive tool... Source for financial, economic and alternative datasets data-driven investment decisions Segundo, CA 90245 | 310-606-3200 purposes and unlikely! More stocks to your watchlist ) stock address is Griffin Capital Essential Asset REIT II Inc.... Website you will need to enable or disable cookies again geography, product type and lease.! Up and down arrows to review and enter to select you will need to enable or disable cookies.. 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