Last $5.93 USD
Change Today -0.06 / -1.00%
Volume 863.8K
GPT On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

gramercy property trust inc (GPT) Snapshot

Open
$6.02
Previous Close
$5.99
Day High
$6.10
Day Low
$5.91
52 Week High
09/8/14 - $6.46
52 Week Low
10/31/13 - $4.43
Market Cap
706.8M
Average Volume 10 Days
1.6M
EPS TTM
$0.60
Shares Outstanding
119.2M
EX-Date
09/26/14
P/E TM
9.9x
Dividend
$0.14
Dividend Yield
1.77%
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, Director and Member ...
Total Annual Compensation: $950.0K
President
Total Annual Compensation: $1.1M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $580.0K
Compensation as of Fiscal Year 2013.

gramercy property trust inc (GPT) Key Developments

Gramercy Property Trust Inc. Announces Resignation of Marc Holliday as Member of the Board of Directors

On September 30, 2014, Marc Holliday resigned effective immediately as a member of the Board of Directors of Gramercy Property Trust Inc.

Gramercy Property Trust Inc. Announces Acquisition of $9.4 Million Office Building in Parsippany, NJ

Gramercy Property Trust Inc. announced that it closed the acquisition of an approximately 56,000 square foot office building located in Parsippany, New Jersey. The property is 100% leased through May 2021 to a leading provider of eligibility determination and other customer care services to government, telecommunication, broadband, utility and healthcare organizations. Year 1 net operating income is approximately $772,300 (8.2% initial cap rate; 8.9% annualized straight-line cap rate) with rental increases throughout the term. The property was acquired all-cash for a purchase price of approximately $9.4 million.

Gramercy Property Trust Announces Acquisition of Three Industrial Properties

Gramercy Property Trust Inc. announced that it closed on the acquisition of three industrial properties totaling approximately 555,000 square feet. Two properties are located in the Chicago MSA, and the other property is located in Greater Boston. The properties are 100% leased with a weighted average lease term of approximately ten years. For the three properties, Year 1 net operating income is anticipated to be approximately $2.8 million with annual rent escalations throughout each lease term. The properties were acquired in separate transactions all-cash for a purchase price of approximately $39.2 million. The first property is an approximately 160,000 square foot manufacturing warehouse and distribution facility located in Kenosha, Wisconsin, which is leased through September 2024 to a global manufacturing and technology company. The second property is an approximately 110,000 square foot fulfillment center located in Bloomingdale, Illinois, which is leased through July 2024 to a leading national foodservice management company. The third property is an approximately 285,000 square foot warehouse and distribution facility located in Worcester, Massachusetts (Greater Boston), which is leased through March 2024 to one of the independent soft-drink bottlers and manufacturers in the United States.

 

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GPT Competitors

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Company Last Change
Anworth Mortgage Asset Corp $5.17 USD -0.03
Apollo Commercial Real Estate Finance Inc $16.30 USD +0.02
New York Mortgage Trust Inc $7.65 USD +0.01
Resource Capital Corp $5.12 USD -0.10
Western Asset Mortgage Capital Corp $14.67 USD -0.12
View Industry Companies
 

Industry Analysis

GPT

Industry Average

Valuation GPT Industry Range
Price/Earnings 8.0x
Price/Sales 7.5x
Price/Book 1.5x
Price/Cash Flow 9.8x
TEV/Sales 1.2x
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