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Last $31.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
GRIF On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

griffin industrial realty in (GRIF) Snapshot

Open
$32.41
Previous Close
$31.50
Day High
$32.41
Day Low
$31.50
52 Week High
08/28/15 - $33.49
52 Week Low
10/30/14 - $25.60
Market Cap
162.3M
Average Volume 10 Days
482.8
EPS TTM
$-0.52
Shares Outstanding
5.2M
EX-Date
11/28/14
P/E TM
--
Dividend
$0.20
Dividend Yield
0.63%
Current Stock Chart for GRIFFIN INDUSTRIAL REALTY IN (GRIF)

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griffin industrial realty in (GRIF) Details

Griffin Industrial Realty, Inc., through its subsidiary, Griffin Land, LLC, operates in the real estate business in the United States. The company develops, manages, and leases industrial and commercial properties. As of November 30, 2014, the company owned 31 buildings comprising 19 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It also owns approximately 2,960 acres in Connecticut, as well as owns 422 acres of land in Massachusetts, 117 acres of land in Pennsylvania, and 1,066 acres in northern Florida. The company was formerly known as Griffin Land & Nurseries, Inc. and changed its name to Griffin Land & Nurseries, Inc. in May 2015. Griffin Industrial Realty, Inc. was founded in 1970 and is based in New York, New York.

26 Employees
Last Reported Date: 02/13/15
Founded in 1970

griffin industrial realty in (GRIF) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $539.3K
President and Chief Operating Officer
Total Annual Compensation: $344.5K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $299.1K
Senior Vice President of Griffin Land, LLC
Total Annual Compensation: $248.6K
Vice President of Construction Griffin Land, ...
Total Annual Compensation: $142.6K
Compensation as of Fiscal Year 2014.

griffin industrial realty in (GRIF) Key Developments

Griffin Industrial Realty, Inc. Announces Closing on Mortgage Loan

Griffin Industrial Realty, Inc. announced that a subsidiary of the company closed on an $18.0 million nonrecourse mortgage loan with 40|86 Mortgage Capital, Inc. The Mortgage Loan is collateralized by three industrial buildings aggregating approximately 392,000 square feet in New England Tradeport, the company’s industrial park located in Windsor and East Granby, Connecticut. The Mortgage Loan has a fixed interest rate of 4.33% and a fifteen year term, with payments based on a thirty year amortization schedule. The mortgage proceeds were used to refinance the maturing mortgage on these buildings that had a principal balance of approximately $17.9 million and an interest rate of 5.73%. At closing, the company received cash proceeds from the Mortgage Loan (before financing costs) of approximately $14.9 million and the remaining approximately $3.1 million of mortgage proceeds were deposited into escrow. As per the terms of the Mortgage Loan, $2.5 million of the escrowed proceeds will be released to the company when the tenant that currently leases approximately 88,000 square feet on a month-to-month basis in one of the Tradeport buildings that collateralizes the Mortgage Loan extends into a long-term lease for its space under agreed upon terms. The other $0.6 million of mortgage proceeds deposited into escrow will be released to the company when tenant improvement work for a full building tenant in an approximately 138,000 square foot Tradeport building that also collateralizes the Mortgage Loan is completed. The company expects to receive all of the mortgage proceeds held in escrow by the end of this fiscal year.

Griffin Industrial Realty, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2015

Griffin Industrial Realty, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended May 31, 2015. For the quarter, total revenue was $6,196,000 against $5,341,000 a year ago. Operating income was $473,000 against $190,000 a year ago. Loss before income tax benefit was $373,000 against $443,000 a year ago. Loss from continuing operations was $234,000 or $0.05 per basic and diluted share against $225,000 or $0.04 per basic and diluted share a year ago. Net loss was $234,000 or $0.05 per basic and diluted share against net income of $165,000 or $0.03 per basic and diluted share a year ago. For the six months, total revenue was $12,429,000 against $10,400,000 a year ago. Operating income was $260,000 against operating loss of $1,051,000 a year ago. Loss before income tax benefit was $1,479,000 against $2,223,000 a year ago. Loss from continuing operations was $942,000 or $0.18 per basic and diluted share against $1,323,000 or $0.26 per basic and diluted share a year ago. Net loss was $942,000 or $0.18 per basic and diluted share against $1,205,000 or $0.23 per basic and diluted share a year ago.

Griffin Industrial Realty, Inc. to Report Q2, 2015 Results on Jul 10, 2015

Griffin Industrial Realty, Inc. announced that they will report Q2, 2015 results on Jul 10, 2015

 

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GRIF Competitors

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American Realty Investors Inc $6.69 USD -0.26
CatchMark Timber Trust Inc $10.13 USD +0.06
Maui Land & Pineapple Co Inc $5.35 USD 0.00
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InterGroup Corp/The $28.01 USD -0.99
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Industry Analysis

GRIF

Industry Average

Valuation GRIF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.4x
Price/Book 1.8x
Price/Cash Flow 26.6x
TEV/Sales 2.5x
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