Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $27.02 USD
Change Today -0.32 / -1.17%
Volume 590.7K
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

gramercy property trust inc (GPT) Snapshot

Open
$27.31
Previous Close
$27.34
Day High
$27.47
Day Low
$26.96
52 Week High
03/23/15 - $30.07
52 Week Low
05/13/14 - $20.04
Market Cap
1.5B
Average Volume 10 Days
552.6K
EPS TTM
$2.26
Shares Outstanding
57.3M
EX-Date
03/27/15
P/E TM
12.0x
Dividend
$0.80
Dividend Yield
2.52%
Current Stock Chart for GRAMERCY PROPERTY TRUST INC (GPT)

gramercy property trust inc (GPT) Related Businessweek News

No Related Businessweek News Found

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 Announces Acquisition of Two Properties for $26.9 Million

Gramercy Property Trust Inc. announced that it closed on the acquisition of one industrial property and one office property totaling approximately 170,000 square feet. The properties are 100% leased with a weighted average lease term of approximately 10.6 years. For the two properties, Year 1 net operating income is anticipated to be approximately $1.9 million (7.2% initial cap rate; 8.2% annualized straight-line cap rate) with rent escalations throughout each lease term. The two properties were acquired in separate transactions all-cash for an aggregate purchase price of approximately $26.9 million. The first property is an approximately 75,000 square foot manufacturing facility located in Oswego, Illinois (Chicago MSA), which is leased through May 2022 to a leading manufacturer of bonded and super abrasive grinding tools. The second property is an approximately 95,000 square foot post-production office building located in Burbank, California (Los Angeles MSA), which is leased through July 2026 to a global leader in end-to-end entertainment and media services for the entertainment industry.

Gramercy Property Trust Inc. Declares First Quarter 2015 Dividends on Common and Preferred Stock, Payable on April 15, 2015 and March 31, 2015 Respectively

Gramercy Property Trust Inc. announced that its Board of Directors declared a dividend of $0.05 per share for the quarter ending March 31, 2015. The dividend is payable on April 15, 2015 to holders of the company s common stock and to unitholders of GPT Property Trust LP of record as of the close of business on March 31, 2015. The Board of Directors also declared a dividend on the 7.125% Series B Cumulative Redeemable Preferred Stock for the quarter ending March 31, 2015 in the amount of $0.44531 per share, payable on March 31, 2015 to preferred stockholders of record as of the close of business on March 16, 2015.

Gramercy Property Trust Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reaffirms Core FFO Guidance for the Year 2015

Gramercy Property Trust Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company has reported total revenues of $37,427,000 compared to $17,712,000 a year ago. Net loss from continuing operations before equity in loss from joint ventures, gain on re-measurement of previously held joint venture, loss on extinguishment of debt and provision for taxes was $5,986,000 compared to income from continuing operations before equity in loss from joint ventures, gain on re-measurement of previously held joint venture, loss on extinguishment of debt and provision for taxes of $2,109,000 a year ago. Net loss from continuing operations was $5,721,000 or $0.05 per basic and diluted share compared to $1,548,000 or $0.05 per basic and diluted share a year ago. Net loss available to common stockholders was $7,167,000 or $0.05 per basic and diluted share compared to $7,739,000 or $0.11 per basic and diluted share a year ago. Funds from operations were $6,523,000 or $0.05 per basic and diluted share compared to $3,452,000 or $0.05 per basic and diluted share a year ago. Core funds from operations were $13,521,000 or $0.10 per basic and diluted share compared to $5,208,000 or $0.07 per basic and diluted share a year ago. Adjusted funds from operations were $13,117,000 or $0.09 per diluted per share compared to $3,831,000 or $0.05 per basic and diluted per share a year ago. For the year, the company has reported total revenues of $107,940,000 compared to $56,704,000 a year ago. Net loss from continuing operations before equity in loss from joint ventures, gain on re-measurement of previously held joint venture, loss on extinguishment of debt and provision for taxes was $16,377,000 compared to income from continuing operations before equity in loss from joint ventures, gain on re-measurement of previously held joint venture, loss on extinguishment of debt and provision for taxes of $3,883,000 a year ago. Net income from continuing operations was $55,193,000 or $0.43 per basic and diluted share compared to net loss from continuing operations of $8,172,000 or $0.25 per basic and diluted share a year ago. Net income available to common stockholders was $44,644,000 or $0.43 per basic and diluted share compared to $377,665,000 or $6.14 per basic and diluted share a year ago. Funds from operations were $12,297,000 or $0.11 per diluted share compared to $1,267,000 or $0.02 per basic and diluted share a year ago. Core funds from operations were $31,985,000 or $0.30 per basic and diluted share compared to $6,077,000 or $0.09 per diluted share a year ago. Adjusted funds from operations were $31,605,000 or $0.29 per diluted per share compared to $6,749,000 or $0.10 per diluted per share a year ago. For the year 2015, the company reaffirmed previously announced outlook of expected core FFO of $0.45 - $0.50 per diluted common share.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GPT:US $27.02 USD -0.32

GPT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apollo Commercial Real Estate Finance Inc $17.16 USD +0.07
Capstead Mortgage Corp $11.73 USD +0.08
Hatteras Financial Corp $18.13 USD +0.07
Redwood Trust Inc $16.98 USD -0.21
Western Asset Mortgage Capital Corp $14.79 USD +0.18
View Industry Companies
 

Industry Analysis

GPT

Industry Average

Valuation GPT Industry Range
Price/Earnings 16.1x
Price/Sales 8.2x
Price/Book 1.5x
Price/Cash Flow 16.9x
TEV/Sales 7.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GRAMERCY PROPERTY TRUST INC, please visit www.gptreit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.