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 Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. Insulet Has Potential To Gain More Than Analysts Are Forecasting. 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. 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. We use debt as a source of capital to acquire properties in our portfolio. Management is responsible for managing interest rate, hedge and foreign exchange risk. Tritium Is the Largest DC EV Charger Maker Youve Never Heard Of. 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 REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. Yes, GCEA has paid a dividend within the past 12 months. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. ", About Griffin Capital Essential Asset REIT and Griffin Capital Corporation. On August 5, 2022 the Company announced significant new information: a lower Net Asset Value (NAV) of $7.43 as of June 30, 2022, an amended and restated Share Redemption Program (SRP), and a restructuring proposal to split the Company into 2 separate entities. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. The REIT's sponsor, Griffin Capital Corporation ("Griffin Capital"), is a privately-owned real estate company headquartered in Los Angeles. Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme tietojasi. Industrial When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. contact@marketbeat.com On May 8, 2014, we canceled our existing secured credit facility and term loan with KeyBank and a syndicate of other lenders, and replaced the same with an unsecured credit facility led by KeyBank and Bank of America. Stocks & Funds. Current performance may be higher or lower than the performance shown. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. 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. How much is Griffin Capital Essential Asset REIT's dividend? New. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Sorry, no news available for this stock ticker Jan. 18, 2023RVIC STOCK PRICE INCREASE: Retail Value Inc on 01-18-2023 increased stock price > 10% from $0.23 to $0.26, Jan. 18, 2023OGCP STOCK PRICE INCREASE: Unit Ltd Partnership Int Ser 60/Empire State Realty OP LP on 01-18-2023 increased stock price > 10% from $6.60 to $7.42, Jan. 18, 2023HHDS STOCK PRICE INCREASE: Highlands REIT Inc on 01-18-2023 increased stock price > 10% from $0.15 to $0.50, Dividend tools used by the pros, now at your fingertips, Find the secrets to discovering the best dividend-paying stocks by taking a short video tour of our site, FREE REPORT: My "Challenge" to the World's Richest Man: Elon Musk United Airlines Soars Ahead of EarningsTime to Deplane? 326 E 8th St #105, Sioux Falls, SD 57103 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. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. 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. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock symbol? Griffin Capital Essential Asset REIT II, Inc. Class E Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "ZGEAEX.". 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. Griffin Capital Compare Top Brokerages Here. No representations and warranties are made as to the reasonableness of the assumptions. constitute an endorsement by Griffin Capital of the information presented on the site. Most of our leases provide for periodic minimum rent payment increases throughout the term of the lease. Kun napsautat Hyvksy kaikki, hyvksyt sen, ett Yahoo ja kumppanimme ksittelevt henkiltietojasi ja nyttvt evsteiden kaltaisten tekniikoiden avulla sinulle rtlity mainontaa ja sislt sek hydyntvt nit tekniikoita mainosten ja sislln mittaamisessa, kohderyhmtiedoissa ja tuotekehityksess. 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. "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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 3 Includes Griffin-American Healthcare REIT II, Inc. (GAHR II) which merged with NorthStar Realty Finance Corporation in December 2014. Griffin Capital Essential Asset REIT (GCEA) does not pay a dividend. 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. Fund Name Griffin Capital Essential Asset REIT II, Inc. - E Tax Classification Symbol NYSEARCA:ZGEAEX Inception Date 1/1/2100 Fund Manager Web Additionally, we believe it is appropriate to disregard impairment charges, as this is a fair value adjustment that is largely based on market fluctuations, assessments regarding general market conditions, and the specific performance of properties owned, which can change over time. Dividends - World. These symbols will be available throughout the site during your session. More specifically, MFFO isolates the financial results of the REIT's operations. EL SEGUNDO, Calif., Dec. 28, 2015 (GLOBE NEWSWIRE) Griffin Capital Corporation (Griffin Capital) announced today, on behalf of Griffin Capital Essential Asset REIT, Inc. (the REIT), the acquisition of a three-property portfolio from Global Income Trust, Inc. (the Seller), a public, non-traded REIT sponsored by CNL Financial Group, LLC. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Returns without sales charges would be lower if the sales charges were included. This is neither an offer nor a solicitation to purchase securities. Apple's next ex-dividend date has not been announced yet. This merger combines two highly complementary portfolios with similar construction and investment mandates, significantly increasing the size, scale, and diversification of the combined company. 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. 2023 Griffin Capital Company, LLC. 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. 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. 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. FAQ Does Griffin Capital Morris, Manning & Martin, LLP is providing legal counsel to GCEAR IIs special committee of the board of directors. 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. (Please see financial reconciliation tables and notes at the end of this release for more information regarding MFFO and FFO.). However, MFFO is not a useful measure in evaluating NAV because impairments are taken into account in determining NAV but not in determining MFFO. 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. Baker McKenzie is providing legal counsel to Griffin Capital. The official website for the company is www.griffincapital.com. Additional information about Griffin Capital is available at www.griffincapital.com. Our daily ratings and market update email newsletter. 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. When is Griffin Capital Essential Asset REIT dividend payment date? Griffin Capital Essential Asset REIT II, Inc. Class I Shares, Do Not Sell My Personal Information (CA Residents Only). Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. El Segundo, Calif. (June 29, 2015) Griffin Capital (844) 978-6257. 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. 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. The company can be reached via phone at 1.310.469.6100. And 1 special character is the Largest DC EV Charger Maker Youve Heard... Much is Griffin Capital Essential Asset REIT II, griffin capital essential asset reit dividend Class I Shares, Do not Sell My information. Most of our leases provide for periodic minimum rent payment increases throughout site. 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griffin capital essential asset reit dividend