GRT has not approved or sponsored its tenants or their products and services. We consider the amortization expense to be a component of operations if the debt was used to acquire properties. 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. If we acquire a property after all offering proceeds from our Public Offerings have been invested, there will not be any offering proceeds to pay the corresponding acquisition-related costs. Dividends - World. UnitedHealth Group Stock: Is This The Bottom? Compare Top Brokerages Here. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Type a symbol or company name. 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 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. United States Canada UK All Rights Reserved. Voit muuttaa valintojasi milloin tahansa siirtymll yksityisyydenhallinta-asetuksiisi. 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. Type a symbol or company name. The terms of the unsecured credit agreement allow for $500 million in additional commitments, up to $1.25 billion, which can increase the unsecured revolving credit facility, the unsecured term loan or a combination of both. "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 property portfolio consisting of 15 office buildings, in November 2014. As of December 31, 2014, total acquisition value and portfolio square footage increased by approximately 58% and 44%, respectively, since December 31, 2013. 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. April 29, 2014. Griffin Capital Essential Asset REIT has no upcoming dividends. 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. interest to prospective investors. Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Please log in to your account or sign up in order to add this asset to your watchlist. Export data to Excel for your own analysis. 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 duration to creditworthy corporate tenants. Exclusive recommendations from award-winning analyst who beat the market for 15 years. Get daily stock ideas from top-performing Wall Street analysts. Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) As of 08:06AM EST. Touch device users, explore by touch or with swipe gestures. As of September 30, 2018 and prior to the self-administration transaction. 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). Funds from Operations and Modified Funds from Operations 3 Includes Griffin-American Healthcare REIT II, Inc. (GAHR II) which merged with NorthStar Realty Finance Corporation in December 2014. Create your Watchlist to save your favorite quotes on Nasdaq.com. This means that every time you visit this website you will need to enable or disable cookies again. Class I shares and institutional have no sales charge and may be purchased by specified classes of investors. Our management believes that historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. constitute an endorsement by Griffin Capital of the information presented on the site. Cathie Wood Is Buying These Stocks, Should You? How much is Griffin Capital Essential Asset REIT's dividend? 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Griffin Capital Essential Asset REIT II Inc. (GCEAR II), a publicly registered non-traded real estate investment trust, has completed its merger transaction with Griffin Capital Essential Asset REIT, creating a $4.7 billion self-managed REIT. 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. DividendInvestor.com features a variety of tools, articles, and resources designed to help investors interested in dividend stocks find the best dividend stocks to buy. Griffin Capital Essential Asset REIT's previous ex-dividend date was on Jan 31, 2020. WE URGE INVESTORS TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED BY GCEAR AND GCEAR II IN CONNECTION WITH THE PROPOSED MERGER WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GCEAR, GCEAR II AND THE PROPOSED MERGER. Modified funds from operations, or MFFO, to common stockholders as defined by the Investment Program Association (IPA), was approximately $63.3 million for the year, representing year-over-year growth of approximately 231%. About Griffin Capital Essential Asset REIT II, Inc. Griffin Capital Essential Asset REIT II, Inc. is a publicly registered, non-traded REIT focused on acquiring a portfolio consisting primarily of single tenant business essential properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration. How have ZGEAEX shares performed in 2023? In connection with the rebranding, the Company unveiled a new logo along with the launch of its new website, www.grtreit.com. 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. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. 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. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) At close: January 13 All Rights Reserved. Yes, GCEA has paid a dividend within the past 12 months. 1 Includes the property information related to the acquisition of an 80% ownership interest in the Digital Realty joint venture. Enter your email to receive our newsletter. Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) Nasdaq - Nasdaq Delayed Price. All rights reserved. Information regarding GCEARs directors and executive officers is available in its Annual Report on Form 10-K filed with the SEC on March 9, 2018 and its proxy statement filed with the SEC by GCEAR on April 4, 2017 in connection with its 2017 annual meeting of stockholders, and information regarding GCEAR IIs directors and executive officers is available in its Annual Report on Form 10-K filed with the SEC on March 9, 2018 and its proxy statement filed with the SEC by GCEAR II on April 5, 2017 in connection with its 2017 annual meeting of stockholders. 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. 2 Total capitalization includes the outstanding debt balance, plus total equity raised in our public offering and operating partnership units issued. 1-202-739-9400 What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock symbol? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The company can be reached via phone at 1.310.469.6100. 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 combining the durability Register for your free account today atdata.nasdaq.com. 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. No representations and warranties are made as to the reasonableness of the assumptions. Changes in these assumptions may have a material impact on the backtested returns presented. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Copyright Nareit 2023. 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. 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. GRT Strategic Update and Office Portfolio Sale Click for More Information. 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). 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. All information is provided without warranty of any kind. Griffin Capital Essential Asset REIT II, Inc. Class T Shares, Do Not Sell My Personal Information (CA Residents Only). Financed termination fee. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. 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. Over 67% of the portfolio is leased to investment-grade tenants. Backtested performance is not an indicator of future actual results. 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. Fund Name Griffin Capital Essential Asset REIT II, Inc. - E Tax Classification Symbol NYSEARCA:ZGEAEX Inception Date 1/1/2100 Fund Manager Web 326 E 8th St #105, Sioux Falls, SD 57103 Griffin Capital Essential Asset REIT, Inc. - Dear Fellow Stockholder: - EX-99.1 - February 15, 2013. This external link 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. Get short term trading ideas from the MarketBeat Idea Engine. The joint venture will own a data center facility located in Ashburn, VA, consisting of approximately 132,000 square feet, which is fully leased to a social media company and a financial services company with an average remaining lease term of 8 years. 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. Approximately 67% of our portfolio's net rental revenue is generated by investment grade-rated companies that either lease the properties directly, have its lease guaranteed by an investment grade-rated company, or have a parent company that carries an investment grade rating. 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. Click to see Griffin Capital Essential Asset REIT II Inc Dividend Data, Dates and more financial information, or here to see GRTAA Projected 10 Year Dividend Yield. Type a symbol or company name. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? Dividend History - Griffin Capital Essential Asset REIT II, Inc. - Weiss Ratings Stocks & Funds ETF Ratings U Griffin Capital Essential Asset REIT II, Inc. By Invest Like an Institution, we mean that Griffin Institutional Access Real Estate Fund allows individual investors access to portfolio strategies, investment vehicles, and sub-advisers that are typically only available to large institutional investors such as banks, insurance companies, endowments, and pensions. FAQ Does Griffin Capital In-depth profiles and analysis for 20,000 public companies. 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 Weiss investment rating of Griffin Capital Essential Asset REIT II, Inc. (--: ZGEAAX) is U. PepsiCo is the Winner, Here's Why. 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. Nareits ESG JumpStart: Virtual Class Series. GRIFFIN CAPITAL ESSENTIAL ASSET REIT, INC. Copy and paste multiple symbols separated by spaces. Fundamental Data provided by DividendInvestor.com. The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). If and to the extent that any of the participants will receive any additional benefits in connection with the merger, the details of those benefits will be described in the Joint Proxy Statement/Prospectus relating to the merger. EL SEGUNDO, Calif., March 26, 2015 (GLOBE NEWSWIRE) -- Griffin Capital Essential Asset REIT, Inc. (the "Essential Asset REIT," "we," "us," "our") announced today its operating results for the year ended December 31, 2014. (844) 978-6257. 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. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. 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. Type a symbol or company name. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered the presentation of operating results for real estate companies that use historical cost accounting to be insufficient. All Rights Reserved. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Our Properties. Dividend History - Griffin Capital Essential Asset REIT II, Inc. - Weiss Ratings. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. When is Griffin Capital Essential Asset REIT ex-dividend date? How do I buy shares of Griffin Capital Essential Asset REIT II, Inc. Class E Shares? 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. IPO Calendar Earnings Calendar Dividend Calendar Economic Calendar. No cash balance or cash flow is included in the calculation. 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. 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.. Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. Amortization of in-place lease valuation. 1-202-739-9401 (fax). Get a free in-depth analysis of Griffin Capital Essential Asset REIT (GCEA) stock. On September 9, 2014, we acquired an 80% ownership interest in a joint venture with an affiliate of Digital Realty Trust, Inc. at an initial investment of $68.4 million. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Griffin Capital Essential Asset REIT, Inc. - Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events - FORM 8-K - 8-K - February 15, 2013. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Griffin Capital. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States

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