griffin capital essential asset reit dividend

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. Export data to Excel for your own analysis. To see all exchange delays and terms of use please see Barchart's disclaimer. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. 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. We view fair value adjustments of derivatives, impairment charges and gains and losses from dispositions of assets as non-recurring items or items which are unrealized and may not ultimately be realized, and which are not reflective of on-going operations and are therefore typically adjusted for when assessing operating performance. Our daily ratings and market update email newsletter. Our calculation of FFO and MFFO is presented in the following table for the years ended December31, 2014, 2013 and 2012 (in thousands). Griffin Capital Essential Asset REIT II, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. The acquisition value of the property was $66.0 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. 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). Touch device users, explore by touch or with swipe gestures. Griffin Capital Essential Asset REIT (GCEA) does not pay a dividend. New. To achieve our objectives, we may borrow at fixed rates or variable rates. Additionally, MFFO has limitations as a performance measure in an offering such as ours where the price of a share of common stock is a stated value. The REIT's sponsor, Griffin Capital Corporation ("Griffin Capital"), is a privately-owned real estate company headquartered in Los Angeles. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. Real-time analyst ratings, insider transactions, earnings data, and more. contact@marketbeat.com As a result, we believe that the use of FFO, together with the required GAAP presentations, provides a more complete understanding of our performance relative to our competitors and a more informed and appropriate basis on which to make decisions involving operating, financing, and investing activities. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Type a symbol or company name. Additional information about Griffin Capital is available at www.griffincapital.com. 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. Please log in to your account or sign up in order to add this asset to your watchlist. 2023 Griffin Capital Company, LLC. As a term of obtaining this debt, we will pay financing costs to the respective lender. 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. 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. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. In-depth profiles and analysis for 20,000 public companies. 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. 1-202-739-9400 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. provides additional information that Griffin Capital and its affiliates believe may be of Is it a Buy? What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock symbol? We provide opinion articles, detailed dividend data, history, and dates for every dividend stock, screening tools, and our exclusive dividend all star rankings. GRT has not approved or sponsored its tenants or their products and services. 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. 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. Can Alaska Air Continue Soaring Above The Airline Industry? 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 and security holders may obtain additional information regarding the direct and indirect interests of GCEAR and GCEAR II and their respective executive officers and directors in the merger by reading the Joint Proxy Statement/Prospectus regarding the merger when it becomes available. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. All Rights Reserved. United Airlines Soars Ahead of EarningsTime to Deplane? United States. 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. When indicators of potential impairment are present, we assess whether the carrying value of the assets will be recovered through the future undiscounted operating cash flows (including net rental and lease revenues, net proceeds on the sale of the property, and any other ancillary cash flows at a property or group level under GAAP) expected from the use of the assets and the eventual disposition. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Current performance may be higher or lower than the performance shown. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The table shows Griffin Capital Essential Asset REITs dividend history, including amount per share, payout frequency, declaration, record, and payment dates. 2 Total capitalization includes the outstanding debt balance, plus total equity raised in our public offering and operating partnership units issued. Recommendation -- Prev Close -- PepsiCo is the Winner, Here's Why. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. However, MFFO is not a useful measure in evaluating NAV because impairments are taken into account in determining NAV but not in determining MFFO. Exclusive recommendations from award-winning analyst who beat the market for 15 years. The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). 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. Dividend Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The unsecured credit facility is priced based on our leverage ratio reported each quarter, which pricing scale ranges from 1.45% to 2.35% plus the LIBO Rate. Returns quoted represent past performance which is no guarantee of future results. As straight-line rent is a GAAP non-cash adjustment and is included in historical earnings, FFO is adjusted for the effect of straight-line rent to arrive at MFFO as a means of determining operating results of our portfolio. Enter Your Email Below To Claim Your Report: New Report from the Award-winning Analyst Who Beat the Market Over 15 Years. Griffin Capital Essential Asset REIT, Inc. - Dear Fellow Stockholder: - EX-99.1 - February 15, 2013. These statements are based on managements current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; no assurance can be given that these expectations will be attained. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. 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. 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.