Linking to an external site does not Class I shares and institutional have no sales charge and may be purchased by specified classes of investors. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States 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. 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. 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. This page is being updated. Touch device users, explore by touch or with swipe gestures. UnitedHealth Group Stock: Is This The Bottom? FAQ Does Griffin Capital Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. Sign in to your free account to enjoy all that MarketBeat has to offer. Historical Dividend Data powered by DividendInvestor.com. PepsiCo is the Winner, Here's Why. (Unaudited). Can Alaska Air Continue Soaring Above The Airline Industry? Enter your email to receive our newsletter. 2023 Griffin Capital Company, LLC. 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"). GRIFFIN CAPITAL ESSENTIAL ASSET REIT, INC. 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. Our Properties. One share of ZGEAEX stock can currently be purchased for approximately $7.43. Acquisition-related costs. American Consumer News, LLC dba MarketBeat 2010-2023. Funds from Operations and Modified Funds from Operations 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. Yes, GCEA has paid a dividend within the past 12 months. 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. 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). 1520 E. Grand Avenue 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. Actual performance may differ significantly from backtested performance. Certain assumptions have been made for modeling purposes and are unlikely to be realized. 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. The asset was allocated an initial acquisition value of $7.4 million, and approximately $2.0 million was invested into the property subsequent to our acquisition. IPO Calendar Earnings Calendar Dividend Calendar Economic Calendar. 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. contact@marketbeat.com 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. Griffin Capital Essential Asset REIT has no upcoming dividends. 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, Inc. - Dear Fellow Stockholder: - EX-99.1 - February 15, 2013. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. constitute an endorsement by Griffin Capital of the information presented on the site. 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. 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. 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. No cash balance or cash flow is included in the calculation. Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? By combining the durability As of September 30, 2018 and prior to the self-administration transaction. These symbols will be available throughout the site during your session. 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. 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. 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. Led by senior executives each with more than two decades of real estate experience collectively encompassing over $20 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed approximately 40 million square feet of space since 1995. Returns without sales charges would be lower if the sales charges were included. 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. Dividend Stocks Directory; Monthly Dividend Directory; REIT Directory; Preferred Stocks; Preferred Stocks Alphabetically; UTILITY STOCKS; Email Alerts; Dividend Detector. This external link 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. 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. Redefining Net Lease Investing. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. 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. Real-time analyst ratings, insider transactions, earnings data, and more. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? All information is provided without warranty of any kind. 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. Dividend History; Market Events Economic Calendar; Earnings; IPO Calendar; Dividend Calendar; SPO Calendar; Holiday Calendar; Analyst Activity Currency in USD Follow 2W 10W 9M 7.43 -2.08 (-21.87%) As of 08:06AM EST. 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. 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. Dividend 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. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? Russian strike toll: 45 dead civilians, including 6 children. You are leaving the Griffin Capital Company, LLC ("Griffin Capital") webpage. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. 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 Plaza, El Segundo, CA 90245. Straight-line rent. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. Capital Company, LLC ( `` Griffin Capital Essential Asset REIT has no upcoming dividends were included your account... All that MarketBeat has to offer data provided by Nasdaq data Link cloud-based... 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