Seeking Alpha
 

Gramercy Property Trust, Inc. (GPT)

- NYSE
  • Nov. 4, 2014, 8:59 AM
    • Q3 adjusted FFO of $9.2M or $0.08 per share vs. $2.2M and $0.04 one year ago. Previous guidance of quarterly run-rate FFO for Q4 of $0.09-$0.11 is reaffirmed.
    • Asset management business currently manages about $900M of commercial properties. Fee revenues of $4.8M down from $7.1M in Q2 after Gramercy (NYSE:GPT) acquired the remaining 50% interest in the BofA portfolio JV.
    • 12 properties acquired during Q in 10 separate deals for about $174M. Initial cap rate of 8% with an average-weighted lease term of 7.3 years.
    • Since quarter-end, company closed on another property for $10.1M with a 7.7% initial cap rate.
    • Quarter-end liquidity of about $189.1M vs. $298.7M at Q2's end.
    • Previously: Gramercy Property Trust beats by $0.07, beats on revenue
    • Conference call at 12 ET
    | Comment!
  • Nov. 4, 2014, 8:38 AM
    • Gramercy Property Trust (NYSE:GPT): Q3 FFO of $0.08.
    • Revenue of $34.3M (+155.6% Y/Y) beats by $8.67M.
    • Press Release
    | Comment!
  • Aug. 7, 2014, 8:49 AM
    • Q2 adjusted FFO of $5.6M or $0.06 per share vs. $3.6M and $0.05 in Q1. Dividend is $0.035.
    • Previous guidance of quarterly FFO per share run rate in H2 of $0.09-$0.11 is affirmed.
    • Acquired seven properties during Q for total price of about $96.2M and annualized straight-line cap rate of 8.2%. In July, closed deal for three industrial properties for about $69M with annualized straight-line cap rate of 8.8%.
    • Gramercy Asset Management fee revenues of $7.1M vs. $7M in Q1.
    • Management, general and administrative expenses of $4.5M up from $4.3M.
    • Conference call at 2 ET
    • Previously: Gramercy Property Trust beats by $0.08, beats on revenue
    • GPT flat premarket
    | Comment!
  • Aug. 7, 2014, 8:37 AM
    • Gramercy Property Trust (NYSE:GPT): Q2 AFFO of $0.06 beats by $0.08.
    • Revenue of $20.6M (+26.4% Y/Y) beats by $4.01M.
    • Press Release
    | Comment!
  • May. 8, 2014, 8:57 AM
    • Gramercy Property Trust (GPT): Q1 AFFO of $0.05 beats by $0.04.
    • Revenue of $15.58M (+$9.26M% Y/Y) misses by $0.72M.
    • Press Release
    | Comment!
  • May. 8, 2014, 8:42 AM
    • Adjusted FFO of $3.6M or $0.05 per share vs. $3.4M or $0.05 in Q4. Street expectations were for $0.01.
    • Reaffirms guidance of $0.09-$0.11 in each of Q3 and Q4. Current dividend is $0.035.
    • Liquidity on hand of $153.4M vs. $81.1M at end of Q4
    • One property acquisition in Q1 and two more since Q2 started
    • Asset management business fee revenue of $7M in Q1 vs. $10.6M in Q4
    • BofA JV generated $500M in earnings vs. $3M loss in Q4
    • CC at 2 ET
    • Source: Press Release
    • GPT no trades premarket
    | 5 Comments
  • Mar. 13, 2014, 8:49 AM
    • Gramercy Property Trust (GPT) AFFO of $3.4M or $0.05 per share in Q4, $5.8M or $0.09 per share for all 2013.
    • Eleven properties acquired in eight separate deals for total price of about $164.9M, with initial cap rate of 7.3% and average lease term of 14 years.
    • Subsequent to quarter's end, Gramercy acquired a 115K square foot industrial facility in Des Plaines, Illinois for $6.3M with initial cap rate of 7.6%.
    • Common stock dividend reinstated at $0.035 per share.
    • Press release, Q4 results
    • CC at 2 ET
    | 2 Comments
  • Mar. 13, 2014, 8:36 AM
    • Gramercy Property Trust (GPT): Q4 EPS of $0.05 beats by $0.06.
    • Revenue of $17.71M beats by $3.31M.
    •  Press Release
    | Comment!
  • Nov. 7, 2013, 9:01 AM
    • Gramercy Property Trust (GPT): Q3 FFO of $0.05.
    • Revenue of $13.4M. (PR)
    | 5 Comments
  • Nov. 7, 2013, 8:41 AM
    • Gramercy Property Trust (GPT): Q3 AFFO turns positive for the first time since the turnaround, posting a gain of $2.2M, or $0.04 per share.
    • With postponed preferred stock dividends expected to be paid off in Q4, company announces expectations to initiate common stock dividend in 2014 Q1.
    • CC at 2 ET.
    • Press release.
    | 5 Comments
  • Aug. 6, 2013, 9:16 AM
    • Acquired 11 properties for about $111.2M with average lease term of 15 years.
    • MG&A expenses of $4.3M off from $4.4M in Q1, $9.3M a year ago.
    • Recognized a $1M impairment on CDO bonds thanks to higher interest rates; carrying value now $7.6M.
    • Cash and equivalents on hand of $49M, off from $100.5M in Q1.
    • Asset management business fee revenues of $13.6M up from $8.3M in Q1. Includes $5.4M in incentive fees based on portfolio value at Q's end.
    • Total revenue of $16.3M up 69% Y/Y.
    • No word yet on dividend (common or preferred).
    • Earnings call at 2 ET. (PR)
    • Earlier: Q2 results.
    • GPT +7.3% premarket in very thin trade.
    | 1 Comment
  • Aug. 6, 2013, 8:39 AM
    • Gramercy Property Trust (GPT): Q2 AFFO per share of $0.00.
    • Revenue of $16.3M vs. estimates of $9.4M. (PR)
    | 1 Comment
  • May. 7, 2013, 8:54 AM
    More on Gramercy Property Trust (GPT) Q1 earnings: Unrestricted cash of $100.5M vs. $105.4M on Dec. 31. Management and G&A expenses of $4.4M vs. $5.1M a year ago. Asset management unit revenue of $8.3M, flat Y/Y. Company booked a $1.2M loss on BofA joint venture; expects to earn $1M/year in management fees, and chance of higher based on performance. Shares +4.5% premarket. CC at 2 ET. (PR)
    | 4 Comments
  • May. 7, 2013, 8:41 AM
    Gramercy Property Trust (GPT): Q1 adjusted FFO of $0.12/share misses by $0.12. (PR)
    | 4 Comments
  • Mar. 19, 2013, 8:43 AM
    Gramercy Capital (GKK): Q4 FFO of -$2.35 per share vs. $3.42 a year ago. Revenue of $9.67M, up 55.7% Y/Y. Conference call and business plan update is set for 2 ET. (PR).
    | 1 Comment
Visit Seeking Alpha's
GPT vs. ETF Alternatives
Company Description
Gramercy Property Trust Inc is a fully-integrated, self-managed commercial real estate investment company engaged in acquiring and managing income-producing industrial and office properties net leased to high quality tenants in the United States.
Sector: Financial
Country: United States