MARKET

GRIF

GRIF

Griffin Indl
NASDAQ

Real-time Quotes | Nasdaq Last Sale

71.53
+0.63
+0.89%
Closed 16:00 11/27 EST
OPEN
71.08
PREV CLOSE
70.90
HIGH
71.77
LOW
70.41
VOLUME
4.14K
TURNOVER
--
52 WEEK HIGH
72.06
52 WEEK LOW
28.67
MARKET CAP
404.67M
P/E (TTM)
-86.1081
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Is Griffin Industrial Realty, Inc. (GRIF) A Good Stock To Buy Now?
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Insider Monkey · 10h ago
Griffin updates on REIT conversion, dividend plans and rebranding
Griffin Industrial Realty (GRIF) announced that its plan to become a REIT is on track and expected to become effective Jan.1, 2021.Also, the company plans to declare a dividend in
Seekingalpha · 6d ago
Griffin Announces Update on REIT Conversion, Dividend Plans, and Upcoming Rebranding
* On track for conversion to a REIT effective January 1, 2021 * Accumulated earnings & profits to be distributed via dividend in the first quarter of 2021 * Change in fiscal year end from November 30th to December 31st * Griffin to undergo a rebranding that will include a new company nameNEW YORK, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin” or the “Company”) today announced that its election to become a real estate investment trust (“REIT”) is on track and expected to become effective on January 1, 2021. On November 17, 2020, in connection with the anticipated election to become a REIT, the Company’s Board of Directors approved a change in the Company’s fiscal year end from November 30 to December 31, effective beginning with the Company’s next fiscal year, which will now begin on January 1, 2021 and end on December 31, 2021 (the “New Fiscal Year”). As a result of the change, the Company will have a one-month transition period beginning on December 1, 2020 and ending on December 31, 2020 (the “Transition Period”). The results of the Transition Period are expected to be reported in the Company’s Quarterly Report on Form 10-Q to be filed for the first quarter of the New Fiscal Year, ending March 31, 2021, and in the Company’s Annual Report on Form 10-K to be filed for the New Fiscal Year.“I am excited that we are on track to complete our anticipated election to be taxed as a REIT in 2021,” said Michael Gamzon, President & Chief Executive Officer. “We believe the REIT conversion is a critical component to realizing the next phase of Griffin’s growth, expanding our investor base, improving the liquidity of our stock and creating meaningful shareholder value over the long term.”Dividend PlansIn connection with the anticipated REIT conversion, Griffin also announced its intention to declare a dividend in the first quarter of the New Fiscal Year to distribute its estimated accumulated earnings and profits (the “E&P Distribution”), instead of paying an annual dividend in the fourth quarter as it has in previous years. The E&P Distribution is estimated to range between $10.0 million and $12.0 million, or between $1.77 and $2.12 per share of Griffin’s common stock (“common stock”) and will be based on Griffin’s taxable results through December 31, 2020. The actual amount of the E&P Distribution will vary depending on the occurrence, if any, and timing of certain transactions, including any sales of assets currently under agreements to be sold, and the Company’s actual financial results. The E&P Distribution will be paid in a combination of cash and common stock, with the cash component expected to be a minimum of $0.55 per share. Beginning in the second quarter of the New Fiscal Year, Griffin expects to begin making regular quarterly dividend payments.RebrandingIn connection with the previously announced strategic initiatives the Company is undertaking, Griffin intends to rebrand under a new company name and ticker symbol during the first quarter of the New Fiscal Year.“We look forward to sharing our new Company identity,” said Ashley Pizzo, Director of Investor Relations & Capital Markets. “We believe the adoption of a new name and refresh of our branding will further align the Company with the mission we have shared this month at our Virtual Investor Day and REITworld, and the growth plans that we intend to continue to pursue.”About GriffinGriffin Industrial Realty, Inc. (“Griffin”) is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/warehouse properties. Griffin recently completed the sale of an approximately 40,000 square foot office/flex building and currently owns 41 buildings totaling approximately 4.6 million square feet (4.2 million of which is industrial/warehouse space) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.Forward-Looking Statements:This Press Release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include Griffin’s beliefs and expectations regarding future events or conditions including, without limitation, statements regarding Griffin’s anticipated election to become a REIT, Griffin’s expectations regarding the timing of release of results of the Transition Period, the declaration, form, amount and timing of the E&P Distribution, the payment and timing of future quarterly dividend payments, the timing of adopting a new company name and ticker symbol, potential sales of assets currently under agreements to be sold, and plans for growth, expansion, liquidity and long-term shareholder value. Although Griffin believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved. The projected information disclosed herein is based on assumptions and estimates that, while considered reasonable by Griffin as of the date hereof, are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the control of Griffin and which could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Other important factors that could affect the outcome of the events set forth in these statements are described in Griffin’s Securities and Exchange Commission filings, including the “Business,” “Risk Factors” and “Forward-Looking Statements” sections in Griffin’s Annual Report on Form 10-K for the fiscal year ended November 30, 2019 and the “Risk Factors” section in Griffin’s Quarterly Report on Form 10-Q for the fiscal quarter ended August 31, 2020. Griffin disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law.CONTACT: Anthony Galici Chief Financial Officer (860) 286-1307 agalici@griffinindustrial.comAshley Pizzo Director, IR & Capital Markets (212) 218-7914 apizzo@griffinindustrial.com
GlobeNewswire · 6d ago
Is Griffin Industrial Realty (GRIF) a Smart Long-term Buy?
Rhizome Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 2.9% for the third quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You should check out Rhizome Partners’ top 5 stock picks […]
Insider Monkey · 11/17 16:54
Griffin Industrial Realty reports FQ3 results
Griffin Industrial Realty (GRIF): FQ3 GAAP EPS of -$0.12.Revenue of $9.86M (+10.8% Y/Y)Press Release
Seekingalpha · 10/08 20:18
Griffin Industrial Realty Q3 EPS $(0.12) Down From $0.20 YoY, Sales $9.86M Up From $8.90M YoY
Griffin Industrial Realty (NASDAQ:GRIF) reported quarterly losses of $(0.12) per share. This is a 160 percent decrease over earnings of $0.20 per share from the same period last year. The company reported $9.86 million
Benzinga · 10/08 20:16
Griffin Announces Fiscal 2020 Third Quarter Leasing and Update on Rent Collection
NEW YORK, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) announced the following updates on leasing and the impact of the COVID-19 pandemic on rent collections:LeasingGriffin reported the following for its industrial/warehouse portfolio for the three months
GlobeNewswire · 09/17 21:05
Rhizome Partners Q2 2020 Investor Letter
Rhizome Partners LP (the “Fund”), a Delaware limited partnership, aims to achieve long-term capital appreciation while limiting the risk of loss.During the second quarter of 2020, Rhizome Partners generated a net return of 18.3% (Class B) versus 20.6% for the S&P 500.First, Griffin Industrial Realty increased from $32.70 to $54.17/share. Second, our pre‐Covid positions experienced large price gains across the board. Third, our new investments also experienced sizable price gains across the board.Offices will certainly be impacted due to the movement towards work from home trends. But the Office REITs have fallen by 30‐50% and there could be significant value despite the obvious headwinds.
Seekingalpha · 08/26 17:25
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Institutional Holdings
Institutions: 47
Institutional Holdings: 2.57M
% Owned: 45.39%
Shares Outstanding: 5.66M
TypeInstitutionsShares
Increased
7
13.65K
New
5
222
Decreased
22
21.74K
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Home Improvement Products & Services Retailers
+0.48%
Specialty Retailers
+0.62%
Key Executives
Chairman/Director
Frederick Danziger
Non-Executive Chairman
Gordon DuGan
President/Chief Executive Officer/Director
Michael Gamzon
Chief Financial Officer/Vice President/Secretary/IR Contact Officer
Anthony Galici
Vice President
Scott Bosco
Other
Thomas Lescalleet
Director
Molly North
Director
Ardevan Yaghoubi
Independent Director
David Bechtel
Independent Director
Jonathan May
Independent Director
Amy Rose Silverman
Independent Director
Albert Small
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
11/19/2019
Dividend USD 0.5
12/05/2019
11/15/2018
Dividend USD 0.45
11/29/2018
11/14/2017
Dividend USD 0.4
11/30/2017
11/15/2016
Dividend USD 0.3
11/29/2016
11/17/2015
Dividend USD 0.3
11/30/2015
11/18/2014
Dividend USD 0.2
11/28/2014
11/19/2013
Dividend USD 0.2
11/29/2013
11/13/2012
Dividend USD 0.2
11/26/2012
11/15/2011
Dividend USD 0.1
11/25/2011
07/12/2011
Dividend USD 0.1
08/23/2011
05/10/2011
Dividend USD 0.1
05/24/2011
01/26/2011
Dividend USD 0.1
02/17/2011
11/16/2010
Dividend USD 0.1
11/26/2010
07/20/2010
Dividend USD 0.1
08/24/2010
05/11/2010
Dividend USD 0.1
05/25/2010
01/26/2010
Dividend USD 0.1
02/18/2010
11/17/2009
Dividend USD 0.1
11/27/2009
07/14/2009
Dividend USD 0.1
08/24/2009
05/12/2009
Dividend USD 0.1
05/26/2009
01/22/2009
Dividend USD 0.1
02/19/2009
11/18/2008
Dividend USD 0.1
11/28/2008
07/15/2008
Dividend USD 0.1
08/25/2008
05/13/2008
Dividend USD 0.1
05/27/2008
--
Dividend USD 0.1
02/20/2008
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Dividend USD 0.1
11/19/2007
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About GRIF
Griffin Industrial Realty, Inc. is engaged in real estate business. The Company is principally engaged in developing, managing and leasing industrial/warehouse properties and office/flex properties. The Company owns approximately 40 buildings comprising of approximately 4,462,000 square feet. A portion of the Company's industrial development in Connecticut is focused on New England Tradeport (NE Tradeport). In addition to its industrial/warehouse buildings in NE Tradeport, the Company owns industrial building (1985 Blue Hills) in Griffin Center, its office park in Windsor and Bloomfield, Connecticut that was used principally as a data center and call center. The Company's office/flex properties are in Griffin Center in Windsor and Bloomfield, Connecticut and Griffin Center South in Bloomfield. The Company owns approximately 156 acres of undeveloped land in Griffin Center and approximately 75 acres of undeveloped land in Griffin Center South.
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