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Gramercy Property Trust, Inc. (GPT)

- NYSE
  • Wed, Aug. 5, 8:52 AM
    • Q2 core FFO of $25.9M or $0.45 per share vs. $20.8M and $0.43 in Q1. Company had guided for core FFO per share of $0.43-$0.45. AFFO of $23M or $0.40 per share vs. $16.9M and $0.35. Dividend is $0.22.
    • The purchase of Chambers Street Properties (NYSE:CSG) remains on track to close in Q4.
    • 16 properties acquired during Q in four separate deals for total of $368.6M (includes Life Time Fitness). The initial cap rate was 6.6%; annualized straight-line cap rate of 7.6%.
    • Conference call at 2 ET
    • Press release
    • GPT flat premarket
    | Wed, Aug. 5, 8:52 AM | Comment!
  • Wed, Aug. 5, 8:33 AM
    • Gramercy Property Trust (NYSE:GPT): Q2 AFFO of $0.40; Core FFO of $0.45.
    • Revenue of $54.15M (+162.5% Y/Y) beats by $3.61M.
    • Press Release
    | Wed, Aug. 5, 8:33 AM | 3 Comments
  • Wed, May 6, 8:46 AM
    • Q1 core FFO of $20.8M or $0.43 per share vs. $13.5M and $0.10 in Q4. AFFO of $16.9M or $0.35 per share. Dividend is $0.20.
    • Full-year core FFO guidance of $1.80-$2.00 per share is reaffirmed.
    • 27 properties acquired in 9 separate deals during quarter for about $570M, The initial cap rate is 7.6%; annualized straight-line of 8%. Acquisitions this quarter include the 12-property deal for $398.6M which closed on March 11.
    • Just one property purchased since quarter's end for $24.1M.
    • Conference call at 11 ET
    • Previously: Gramercy Property Trust reports Q1 (May 6)
    • GPT flat premarket
    | Wed, May 6, 8:46 AM | Comment!
  • Wed, May 6, 8:32 AM
    • Gramercy Property Trust (NYSE:GPT): Q1 EPS of -$0.03 misses by $0.01.
    • Revenue of $47.94M (+207.7% Y/Y) beats by $10.31M.
    • Press Release
    | Wed, May 6, 8:32 AM | 1 Comment
  • Fri, Mar. 6, 8:57 AM
    • Q4 core FFO of $13.5M or $0.10 per share vs. $9.2M and $0.08 in Q3. Full-year core FFO of $32M or $0.30 per share. Quarterly dividend is a nickel. Q4 core FFO per share expectations were for $0.09.
    • Full-year 2015 core FFO per share guidance of $0.45-$0.50 is reaffirmed, as is acquisition volume of $600M-$900M.
    • Q4 acquisitions of 13 properties in 12 separate deals for total price of $162.4M, with an initial cap rate of 7.2% and annualized straight-line cap rate of 7.8%. Full-year deals of $636.5M vs. targeted $600M.
    • Conference call at 11 ET
    • Previously: Gramercy Property Trust beats by $0.01, beats on revenue (March 6)
    • GPT flat premarket
    | Fri, Mar. 6, 8:57 AM | Comment!
  • Fri, Mar. 6, 8:34 AM
    • Gramercy Property Trust (NYSE:GPT): Q4 Core FFO $0.10 beats by $0.01.
    • Revenue of $37.4M (+111.2% Y/Y) beats by $1.99M.
    • Press Release
    | Fri, Mar. 6, 8:34 AM | Comment!
  • 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
    | Nov. 4, 2014, 8:59 AM | 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
    | Nov. 4, 2014, 8:38 AM | 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
    | Aug. 7, 2014, 8:49 AM | 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
    | Aug. 7, 2014, 8:37 AM | 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
    | May 8, 2014, 8:57 AM | 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
    | May 8, 2014, 8:42 AM | 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
    | Mar. 13, 2014, 8:49 AM | 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
    | Mar. 13, 2014, 8:36 AM | Comment!
  • Nov. 7, 2013, 9:01 AM
    • Gramercy Property Trust (GPT): Q3 FFO of $0.05.
    • Revenue of $13.4M. (PR)
    | Nov. 7, 2013, 9:01 AM | 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.
    | Nov. 7, 2013, 8:41 AM | 5 Comments
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Company Description
Gramercy Property Trust Inc is a Real Estate Investment Trust. It is an investor and asset manager of commercial real estate. The Company acquires and manages single-tenant, net leased industrial and office properties.
Sector: Financial
Country: United States