Last $5.27 USD
Change Today -0.03 / -0.57%
Volume 397.5K
GPT On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

gramercy property trust inc (GPT) Snapshot

Open
$5.31
Previous Close
$5.30
Day High
$5.37
Day Low
$5.25
52 Week High
01/17/14 - $6.28
52 Week Low
09/3/13 - $3.96
Market Cap
376.3M
Average Volume 10 Days
845.4K
EPS TTM
$-0.21
Shares Outstanding
71.4M
EX-Date
03/27/14
P/E TM
--
Dividend
$0.14
Dividend Yield
0.66%
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.

83 Employees
Last Reported Date: 03/17/14
Founded in 2004

gramercy property trust inc (GPT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $575.0K
President
Total Annual Compensation: $375.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $575.0K
Compensation as of Fiscal Year 2012.

gramercy property trust inc (GPT) Key Developments

Gramercy Property Trust Inc. Issues $100 Million Private Placement of Its Operating Partnership's Exchangeable Senior Notes Due 2019

Gramercy Property Trust Inc. announced that On March 24, 2014, the operating partnership issued $115,000,000 aggregate principal amount of notes. The notes are senior unsecured obligations of the operating partnership and rank equally in right of payment with all other existing and future senior unsecured indebtedness of the operating partnership. interest is payable in arrears on March 15 and September 15 of each year, beginning September 15, 2014, until the maturity date of March 15, 2019. The operating partnership's obligations under the notes are fully and unconditionally guaranteed by the company. The notes bear interest at a rate of 3.75% per annum and contain an exchange settlement feature, which provides that the notes may, under certain circumstances, be exchangeable for cash, shares of common stock or a combination of cash and shares of common stock, at the option of the operating partnership, based on an initial exchange rate of 161.1683 shares of common stock per $1,000 principal amount of notes, subject to adjustment of the exchange rate under certain circumstances. at the initial exchange rate, the notes are exchangeable for common stock at an exchange price of approximately $6.20 per share of common stock, representing an approximately 20% premium over the last reported sale price of the common stock on March 18, 2014, which was $5.17 per share.

Gramercy Property Mulls Acquisitions

Gramercy Property Trust Inc. (NYSE:GPT), which is carrying a private offering of $100 million aggregate principal amount, is looking for acquisitions. The company expects to use the net proceeds from the offering to reduce amounts outstanding under its $150 million senior secured revolving credit facility and for general corporate purposes, including acquisitions of target assets consistent with its investment strategies, and for working capital purposes.

Gramercy Property Trust Announces $100 Million Private Placement of its Operating Partnership's Exchangeable Senior Notes Due 2019

Gramercy Property Trust announced that it plans for a $100 million private placement of its operating partnership's exchangeable senior notes due 2019. The interest rate, exchange rate and other terms of the notes will be determined during negotiations between the company and the initial purchasers of the notes. The company expects to use net proceeds from the offering after first paying underwriter discounts and other offering costs to reduce debt owed under its senior secured revolving credit facility as well as for general corporate purposes, including acquisitions of tasset targets consistent with its investment strategies.

 

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GPT Competitors

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Company Last Change
Apollo Commercial Real Estate Finance Inc $17.03 USD +0.18
Arbor Realty Trust Inc $7.01 USD +0.04
Ares Commercial Real Estate Corp $13.02 USD +0.12
BRT Realty Trust $7.16 USD -0.059
Dynex Capital Inc $8.58 USD +0.02
View Industry Companies
 

Industry Analysis

GPT

Industry Average

Valuation GPT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.1x
Price/Book 2.1x
Price/Cash Flow 1.0x
TEV/Sales 0.7x
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