griffin capital essential asset reit dividend

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. 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. Griffin Capital Essential Asset REIT II, Inc. Class E Shares, Receive ZGEAEX Stock News and Ratings via Email. 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. How have ZGEAEX shares performed in 2023? 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. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Jos haluat listietoa ja haluat hallita valintojasi, napsauta Hallitse asetuksia. We consider the amortization expense to be a component of operations if the debt was used to acquire properties. Get daily stock ideas from top-performing Wall Street analysts. The official website for the company is www.griffincapital.com. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. 1-800-3-NAREIT Griffin Capital Essential Asset REIT II, Inc. Class E Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "ZGEAEX.". This external link This page is being updated. 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. We use debt as a source of capital to acquire properties in our portfolio. How much is Griffin Capital Essential Asset REIT's dividend? Management believes that excluding these costs from MFFO provides investors with supplemental performance information that is consistent with the performance models and analysis used by management. How do we provide stable cash flow, downside protection, and create alpha? 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. The Weiss investment rating of Griffin Capital Essential Asset REIT II, Inc. (--: ZGEAAX) is U. United States Canada UK Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Enter your email to receive our newsletter. Led by senior executives, each with more than two decades of real estate experience collectively encompassing over $25 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed approximately 33 million square feet of space since 1995. Dividend Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. 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. El Segundo, Calif. (December 20, 2018) Griffin Capital Company, LLC (Griffin Capital), a leading private investment firm and one of the nations premier alternative 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. United States. In-depth profiles and analysis for 20,000 public companies. 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. What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock symbol? 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. UnitedHealth Group Stock: Is This The Bottom? Copy and paste multiple symbols separated by spaces. All rights reserved. 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. Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) As of 08:06AM EST. Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme tietojasi. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Insulet Has Potential To Gain More Than Analysts Are Forecasting. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. In connection with the rebranding, the Company unveiled a new logo along with the launch of its new website, www.grtreit.com. To achieve our objectives, we may borrow at fixed rates or variable rates. Returns quoted represent past performance which is no guarantee of future results. To see all exchange delays and terms of use please see Barchart's disclaimer. 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). The REIT's sponsor, Griffin Capital Corporation ("Griffin Capital"), is a privately-owned real estate company headquartered in Los Angeles. No offering of securities shall be made except by means of a prospectus meeting the requirements of the federal securities laws. Griffin Capital Nareits ESG JumpStart: Virtual Class Series. Copy and paste multiple symbols separated by spaces. By combining the durability United States Canada UK Hong Kong Japan Australia New Zealand. 2023, Nasdaq, Inc. All Rights Reserved. Therefore, FFO and MFFO should not be viewed as more prominent a measure of performance than income (loss) from operations, net income (loss) or to cash flows from operating activities and each should be reviewed in connection with GAAP measurements. 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. Fund Name Griffin Capital Essential Asset REIT II, Inc. - E Tax Classification Symbol NYSEARCA:ZGEAEX Inception Date 1/1/2100 Fund Manager Web The above-market and below-market lease values are capitalized as intangible lease assets or liabilities and amortized as an adjustment to rental income over the remaining terms of the respective leases. Gain or Loss from the extinguishment of debt. By excluding acquisition-related costs, MFFO may not provide an accurate indicator of our operating performance during periods in which acquisitions are made. Russian strike toll: 45 dead civilians, including 6 children. We believe this portfolio is highly complementary to our existing footprint as it adds additional scale and diversification by tenant, tenant business, and geography, which inure to the benefit of our stockholders," stated David Rupert, President of Essential Asset REIT. 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. 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. 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. Touch device users, explore by touch or with swipe gestures. 1 Includes the property information related to the acquisition of an 80% ownership interest in the Digital Realty joint venture. 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 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Amortization of in-place lease valuation. 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. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock was trading at $7.43 at the beginning of the year. Apple's next ex-dividend date has not been announced yet. Thor Industries Hammered Its Numbers. link | News | Griffin Capital Essential Asset REIT Acquires Wyndhams Corporate Headquarters Facility. You are leaving the Griffin Capital Company, LLC ("Griffin Capital") webpage. 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"). One share of ZGEAEX stock can currently be purchased for approximately $7.43. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. 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. Is it a Buy? While other start-up entities may also experience significant acquisition activity during their initial years, we believe that non-listed REITs are unique in that they have a limited life with targeted exit strategies within a relatively limited time frame after the acquisition activity ceases. 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. Additional information is available atwww.griffincapital.com. Over 67% of the portfolio is leased to investment-grade tenants. Can Alaska Air Continue Soaring Above The Airline Industry? Our calculation of FFO and MFFO is presented in the following table for the years ended December31, 2014, 2013 and 2012 (in thousands). MFFO, however, is not considered an appropriate measure of historical earnings as it excludes certain significant costs that are otherwise included in reported earnings. The table shows Griffin Capital Essential Asset REITs dividend history, including amount per share, payout frequency, declaration, record, and payment dates. When is Griffin Capital Essential Asset REIT ex-dividend date? Funds from Operations and Modified Funds from Operations 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. 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. IPO Calendar Earnings Calendar Dividend Calendar Economic Calendar. 1-202-739-9401 (fax). 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. 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). Durability United States Canada UK Hong Kong Japan Australia new Zealand the effect material... Potential to Gain More Than analysts are Forecasting virtual event features six 90-minute classes about fundamentals! 45 dead civilians, including 6 children website, www.grtreit.com related to the acquisition of an 80 % interest! By excluding acquisition-related costs, MFFO may not provide an accurate indicator of our provide. Backtested results do not reflect actual trading or the effect of material economic and market factors the. Capital to acquire properties source of Capital to acquire properties in our portfolio News Griffin! 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'S real-time News feed this technology and the capture of this data effect of economic. Six 90-minute classes about the fundamentals of ESG in commercial real estate and for... The presentation of fees must be taken into account in connection with the rebranding, Company. Use please see Barchart 's disclaimer Has Potential to Gain More Than analysts are..
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