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Last $22.14 USD
Change Today +0.28 / 1.28%
Volume 433.1K
GPT On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

gramercy property trust inc (GPT) Snapshot

Open
$21.93
Previous Close
$21.86
Day High
$22.20
Day Low
$21.87
52 Week High
03/23/15 - $30.07
52 Week Low
09/1/15 - $21.46
Market Cap
1.3B
Average Volume 10 Days
485.1K
EPS TTM
$-0.32
Shares Outstanding
57.5M
EX-Date
06/26/15
P/E TM
--
Dividend
$0.88
Dividend Yield
3.43%
Current Stock Chart for GRAMERCY PROPERTY TRUST INC (GPT)

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gramercy property trust inc (GPT) Details

Gramercy Property Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial and office properties to create its portfolio. The firm was formerly known as Gramercy Capital Corp. Gramercy Property Trust Inc was founded in 2004 and is based in New York City with additional offices in St. Louis, Missouri and Jenkintown, Pennsylvania.

103 Employees
Last Reported Date: 03/9/15
Founded in 2004

gramercy property trust inc (GPT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.1M
President
Total Annual Compensation: $1.2M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $595.0K
Compensation as of Fiscal Year 2014.

gramercy property trust inc (GPT) Key Developments

Gramercy Property Trust Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Gramercy Property Trust Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $54.147 million compared to $20.628 million a year ago. Loss from continuing operations were of $0.406 million or $0.03 per diluted share compared to income of $63.746 million or $2.61 per diluted share a year ago. Net loss available to common stockholders was of $1.823 million or $0.03 per diluted share compared to income of $61.560 million or $2.59 per diluted share a year ago. Funds from operations available to company were of $22.449 million or $0.39 per diluted share compared to funds used in operations of $2.189 million or $0.10 per diluted share a year ago. Core funds from operations, before discontinued operations was $25.904 million or $0.45 per diluted share compared to $4.839 million or $0.20 per diluted share a year ago. Adjusted funds from operations was $23.037 million or $0.40 per diluted share compared to $5.549 million or $0.23 per diluted share a year ago. For six months, the company reported total revenues of $102.082 million compared to $36.212 million a year ago. Loss from continuing operations were of $0.382 million or $0.07 per diluted share compared to income of $63.331 million or $2.83 per diluted share a year ago. Net loss available to common stockholders was of $3.378 million or $0.07 per diluted share compared to income of $59.269 million or $2.81 per diluted share a year ago. Funds from operations available to company were of $39.474 million or $0.74 per diluted share compared to $1.126 million or $0.05 per diluted share a year ago. Core funds from operations, before discontinued operations was $46.656 million or $0.88 per diluted share compared to $8.274 million or $0.39 per diluted share a year ago. Adjusted funds from operations was $39.912 million or $0.75 per diluted share compared to $9.059 million or $0.43 per diluted share a year ago.

Gramercy Property Trust Announces Acquisition of $46.8 Million Industrial Property in Minneapolis

Gramercy Property Trust Inc. announced that it closed on the acquisition of an industrial property totaling approximately 585,200 square feet in Fridley, Minnesota (Minneapolis MSA). The property consists of an R&D, testing and prototype industrial facility that is currently undergoing renovation. The building is 100% leased to a global defense, security and aerospace company through October 2025, which has either directly or through its predecessor companies operated out of the facility for over 70 years. Upon completion of the renovation in November 2015, Year 1 net operating income is anticipated to be approximately $3.4 million (7.3% initial cap rate; 8.0% annualized straight-line cap rate) with yearly escalations in rent throughout the lease term. The property was acquired all-cash for a purchase price of $46.8 million.

Gramercy Property Trust Inc. Closes Acquisition of Distribution Facility Located in Philadelphia, Pennsylvania

Gramercy Property Trust Inc. announced that it closed on the acquisition of a distribution facility totaling approximately 255,300 square feet located in Philadelphia, Pennsylvania. The facility, which serves as the tenant’s headquarters, is 100% leased through April 2026 to a regional distributor of packaging, paper, equipment and janitorial supplies. Year 1 net operating income is anticipated to be approximately $1.9 million (7.4% initial cap rate; 7.9% annualized straight-line cap rate) with yearly rent escalations throughout the lease term. The property was acquired for a purchase price of $26.1 million. In connection with the acquisition, the Company assumed a mortgage loan of approximately $12.8 million at an interest rate of 4.28% with remaining term of approximately 3.4 years until maturity.

 

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Industry Analysis

GPT

Industry Average

Valuation GPT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.0x
Price/Book 1.2x
Price/Cash Flow 20.4x
TEV/Sales 0.8x
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