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. See what's happening in the market right now with MarketBeat's real-time news feed. As of September 30, 2018 and prior to the self-administration transaction. No cash balance or cash flow is included in the calculation. This information is provided for illustrative purposes only. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. 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). United Airlines Soars Ahead of EarningsTime to Deplane? 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. March 26, 2015 12:01 ET 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. From time to time, we may cancel certain debt obligations and replace these canceled debt obligations with new debt at more favorable terms to us. All information is provided without warranty of any kind. 1-202-739-9400 However, MFFO is not a useful measure in evaluating NAV because impairments are taken into account in determining NAV but not in determining MFFO. Type a symbol or company name. In the process, we incur non-reimbursable affiliated and non-affiliated acquisition-related costs, which in accordance with GAAP, are expensed as incurred and are included in the determination of income (loss) from operations and net income (loss). Get a free in-depth analysis of Griffin Capital Essential Asset REIT (GCEA) stock. Copy and paste multiple symbols separated by spaces. 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. New. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. 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. Returns quoted represent past performance which is no guarantee of future results. All rights reserved. No representations and warranties are made as to the reasonableness of the assumptions. 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. In computing MFFO, FFO is adjusted for certain non-operating cash items such as acquisition fees and expenses and certain non-cash items such as straight-line rent, amortization of in-place lease valuations, amortization of discounts and premiums on debt investments, nonrecurring impairments of real estate-related investments, mark-to-market adjustments included in net income (loss), and nonrecurring gains or losses included in net income (loss) from the extinguishment or sale of debt, hedges, foreign exchange, derivatives or securities holdings where trading of such holdings is not a fundamental attribute of the business plan, unrealized gains or losses resulting from consolidation from, or deconsolidation to, equity accounting, and after adjustments for consolidated and unconsolidated partnerships and joint ventures, with such adjustments calculated to reflect MFFO on the same basis. Griffin Capital Essential Asset REIT II, Inc. Class E Shares' mailing address is Griffin Capital Plaza, El Segundo, CA 90245. What is Griffin Capital Essential Asset REIT II, Inc. Class E Shares' stock price today? Can Alaska Air Continue Soaring Above The Airline Industry? 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. "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. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. 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. 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. (844) 978-6257. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. The official website for the company is www.griffincapital.com. 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. This external link How much is Griffin Capital Essential Asset REIT's dividend? When is Griffin Capital Essential Asset REIT dividend payment date? Griffin Capital Plaza, El Segundo, CA 90245. Griffin Capital. The New Energy Crisis No One Saw Coming (Ad), Apple, Amazon, and Walmart are Investing in Solar Energy (Ad). Griffin Realty Trust 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. 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. 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. Real-time analyst ratings, insider transactions, earnings data, and more. Financed termination fee. One share of ZGEAEX stock can currently be purchased for approximately $7.43. Current performance may be higher or lower than the performance shown. 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. Does Griffin Capital Essential Asset REIT have sufficient earnings to cover their dividend? Additional information is available atwww.griffincapital.com. Morris, Manning & Martin, LLP is providing legal counsel to GCEAR IIs special committee of the board of directors. Copy and paste multiple symbols separated by spaces. Sign in to your free account to enjoy all that MarketBeat has to offer. The unsecured credit facility consists of a $450 million revolving credit facility and a $300 million term loan. 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. However, it can provide an indication of our on-going ability to generate cash flow from operations and continue as a going concern after we cease to acquire properties on a frequent and regular basis, which can be compared to the MFFO of other non-listed REITs that have completed their acquisition activity and have similar operating characteristics to ours. El Segundo, Calif. (December 20, 2018) Griffin Capital Company, LLC (Griffin Capital), a leading private investment firm and one of the nations premier alternative El Segundo, CA 90245 Touch device users, explore by touch or with swipe gestures. Griffin Capital Essential Asset REIT II, Inc. was one of several REITs sponsored or co-sponsored by Griffin Capital. constitute an endorsement by Griffin Capital of the information presented on the site. Dividend History - Griffin Capital Essential Asset REIT II, Inc. - Weiss Ratings. Griffin Capital Essential Asset REIT, Inc. - AMENDMENT TO GRIFFIN CAPITAL NET LEASE REIT, INC. DEALER MANAGER AGREEMENT AND PARTICIPATING DEALER AGREEMENT - EX-1.1 - February 15, 2013. All Rights Reserved. 2023, Nasdaq, Inc. All Rights Reserved. PepsiCo is the Winner, Here's Why. 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. Industrial As this item is a non-cash adjustment and is included in historical earnings, FFO is adjusted for the effect of the amortization of in-place lease valuation to arrive at MFFO as a means of determining operating results of our portfolio. Additionally, publicly registered, non-listed REITs typically have a significant amount of acquisition activity and are substantially more dynamic during their initial years of investment and operation. Are made as to the self-administration transaction quoted represent past performance which is no guarantee of future results board directors! 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