UnitedHealth Group Stock: Is This The Bottom? 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. As of December 31, 2014, our weighted average remaining lease term is approximately 8 years with average annual rental rate increases of approximately 2.1%. Griffin Capital Plaza, El Segundo, CA 90245. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Morris, Manning & Martin, LLP is providing legal counsel to GCEAR IIs special committee of the board of directors. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. El Segundo, CA 90245 Additional information about Griffin Capital is available at www.griffincapital.com. More specifically, MFFO isolates the financial results of the REIT's operations. American Consumer News, LLC dba MarketBeat 2010-2023. Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) As of 08:06AM EST. We construct our net lease portfolio using our unique analytical perspective. Griffin Capital has no control over this external site and cannot Griffin Capital Tietoja laitteestasi ja Internet-yhteydest (esimerkiksi IP-osoitteesi), Selaaminen ja hakutoiminnot Yahoon verkkosivustojen ja -sovellusten kytn aikana. By creating a free account, you agree to our, Shocking New Documentary Exposes The Two Men Destroying America, Elon Musk drama shifts from Twitter to tweets about Tesla. Jos haluat listietoa ja haluat hallita valintojasi, napsauta Hallitse asetuksia. Our daily ratings and market update email newsletter. 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 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. Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. All Rights Reserved. Class I shares and institutional have no sales charge and may be purchased by specified classes of investors. 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. Linking to an external site does not The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). About Griffin Capital Essential Asset REIT, Inc. Griffin Capital Essential Asset REIT, Inc. is a publicly-registered, non-traded REIT with a portfolio, as of September 30, 2018, of 76 office and industrial properties totaling 20.1 million rentable square feet, located in 20 states, representing total REIT capitalization of approximately $3.5 billion. Certain directors and executive officers of GCEAR and/or GCEAR II and other persons may have direct or indirect interests in the merger due to securities holdings, pre-existing or future indemnification arrangements and rights to severance payments and retention bonuses if their employment is terminated prior to or following the merger. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. El Segundo, Calif. (June 29, 2015) Griffin Capital 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. We believe that a fee received from a tenant for terminating a lease is appropriately included as a component of rental revenue and therefore included in MFFO. 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. This page is being updated. 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. As of December 31, 2014, total acquisition value and portfolio square footage increased by approximately 58% and 44%, respectively, since December 31, 2013. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Fund Name Griffin Capital Essential Asset REIT II, Inc. - E Tax Classification Symbol NYSEARCA:ZGEAEX Inception Date 1/1/2100 Fund Manager Web PepsiCo is the Winner, Here's Why. Sign in to your free account to enjoy all that MarketBeat has to offer. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. 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. Fundamental Data provided by DividendInvestor.com. 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. Touch device users, explore by touch or with swipe gestures. Export data to Excel for your own analysis. Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. We consider the amortization expense to be a component of operations if the debt was used to acquire properties. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Copy and paste multiple symbols separated by spaces. Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? Recommendation -- Prev Close -- Griffin Capital Essential Asset REIT II Acquires $81.4 Million Corporate Headquarters Facility in Parsippany, New Jersey. This merger combines two highly complementary portfolios with similar construction and investment mandates, significantly increasing the size, scale, and diversification of the combined company. Type a symbol or company name. 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. 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. Griffin Capital Essential Asset REIT (GCEA) does not pay a dividend. Current performance may be higher or lower than the performance shown. No less frequently than annually, we evaluate events and changes in circumstances that could indicate that the carrying amounts of real estate and related intangible assets may not be recoverable. Returns without sales charges would be lower if the sales charges were included. Yes, GCEA has paid a dividend within the past 12 months. Nelson Mullins Riley & Scarborough LLP is providing legal counsel to GCEAR, and Venable LLP is providing legal counsel to GCEARs special committee of the board of directors. These symbols will be available throughout the site during your session. 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. 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. The self-administration transaction provides immediate benefits to GCEAR shareholders, including a considerable reduction in the operating expenses of GCEAR; these benefits will extend to the combined company following the completion of the merger of GCEAR into GCEAR II. 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. Griffin Capital Essential Asset REIT II, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. When is Griffin Capital Essential Asset REIT dividend payment date? View the best growth stocks for 2023 here. Griffin Capital Essential Asset REIT, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. 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. Founded in 1995, the privately held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion. Adding Griffin Capital Company, LLC (Griffin Capital) is a leading alternative investment asset manager that owns, manages, sponsors or co/sponsors approximately $11.2 billion* in assets. 10-Minutes delayed and hosted by Barchart Solutions no sales charge and may be purchased by classes. Marketbeat has to offer Industrial Average or the S & P 500 Index does not represent returns that any actually! 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