griffin capital essential asset reit dividend

All rights reserved. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. We provide opinion articles, detailed dividend data, history, and dates for every dividend stock, screening tools, and our exclusive dividend all star rankings. The TipRanks Smart Score performance is based on backtested results. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. 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. 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 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. 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 Essential Asset REIT has no upcoming dividends. 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. Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) At close: January 13 Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? No representations and warranties are made as to the reasonableness of the assumptions. 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. Americas Blue-Chip Landlord. 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. 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. Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) Nasdaq - Nasdaq Delayed Price. Add GCEA to your watchlist to be reminded of GCEA's next dividend payment. You are leaving the Griffin Capital Company, LLC ("Griffin Capital") webpage. 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. ", About Griffin Capital Essential Asset REIT and Griffin Capital Corporation. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. 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.. By investment grade we mean that we intend to invest in properties leased to blue chip tenants and/ or companies with investment grade credit ratings. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock was trading at $7.43 at the beginning of the year. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. GCEAR and GCEAR II undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law. GRIFFIN CAPITAL ESSENTIAL ASSET REIT, INC. Sign-up to receive the latest news and ratings for Griffin Capital Essential Asset REIT II, Inc. Class E Shares and its competitors with MarketBeat's FREE daily newsletter. 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. Copyright 2023 DividendInvestor.com. This is neither an offer nor a solicitation to purchase securities. 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. Griffin Capital Essential Asset REIT, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. provides additional information that Griffin Capital and its affiliates believe may be of Griffin Capital Plaza, El Segundo, CA 90245. 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. All Rights Reserved. No cash balance or cash flow is included in the calculation. When autocomplete results are available use up and down arrows to review and enter to select. The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). It should be noted, however, that other REITs may not define FFO in accordance with the current NAREIT definition or may interpret the current NAREIT definition differently than we do, making comparisons less meaningful. 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. What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock price today? One share of ZGEAEX stock can currently be purchased for approximately $7.43. GRT Strategic Update and Office Portfolio Sale Click for More Information. Register for your free account today atdata.nasdaq.com. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity FFO is defined as net income or loss computed in accordance with GAAP, excluding extraordinary items, as defined by GAAP, and gains and losses from sales of depreciable operating property, adding back asset impairment write-downs, plus real estate related depreciation and amortization (excluding amortization of deferred financing costs and depreciation of non-real estate assets), and after adjustment for unconsolidated partnerships, joint ventures and preferred distributions. The total capitalization of our portfolio exceeds $2.3 billion. However, MFFO is not a useful measure in evaluating NAV because impairments are taken into account in determining NAV but not in determining MFFO. 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. 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. Payment increases throughout the term of the assumptions the lease '' ) webpage be adjusted until past returns are.... Gcear II expect to prepare and file with the SEC a Registration Statement on Form S-4 containing a Joint Statement/Prospectus. Neither an offer nor a solicitation to purchase securities this is neither an offer nor a solicitation to securities! 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