Last $28.09 USD
Change Today -0.84 / -2.90%
Volume 964.0
GRIF On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

griffin land & nurseries (GRIF) Snapshot

Open
$29.29
Previous Close
$28.93
Day High
$29.29
Day Low
$28.09
52 Week High
12/23/13 - $34.40
52 Week Low
06/18/14 - $25.70
Market Cap
144.7M
Average Volume 10 Days
6.7K
EPS TTM
$-0.46
Shares Outstanding
5.1M
EX-Date
11/29/13
P/E TM
--
Dividend
$0.20
Dividend Yield
0.71%
Current Stock Chart for GRIFFIN LAND & NURSERIES (GRIF)

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griffin land & nurseries (GRIF) Details

Griffin Land & Nurseries, Inc., through its subsidiary, Griffin Land, LLC, operates in the real estate business in the United States. The company develops, manages, and leases commercial and industrial properties. It is also involved in the acquisition and development of land; and purchase of buildings. As of November 30, 2013, the company owned 30 buildings comprising 17 industrial/warehouse buildings, 12 office/flex buildings, and a restaurant building. It also owns approximately 3,015 acres in Connecticut, as well as owns 416 acres of land in Massachusetts, 117 acres of land in Pennsylvania, and 1,066 acres in northern Florida. The company was founded in 1970 and is based in New York, New York.

99 Employees
Last Reported Date: 02/13/14
Founded in 1970

griffin land & nurseries (GRIF) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $529.7K
President and Chief Operating Officer
Total Annual Compensation: $356.7K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $295.1K
Senior Vice President of Griffin Land, LLC
Total Annual Compensation: $291.2K
Compensation as of Fiscal Year 2013.

griffin land & nurseries (GRIF) Key Developments

Griffin Land & Nurseries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014

Griffin Land & Nurseries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, total revenue was $5,341,000 against $6,388,000 a year ago. Operating income was $190,000 against $581,000 a year ago. Loss before income tax benefit was $443,000 against $619,000 a year ago. Loss from continuing operations was $225,000 or $0.04 per basic and diluted share against $394,000 or $0.08 per basic and diluted share a year ago. Net income was $165,000 or $0.03 per basic and diluted share against net loss of $112,000 or $0.02 per basic and diluted share a year ago. Griffin's results from continuing operations reflect its real estate business, Griffin Land, LLC. The lower operating income reflects a lower gain on property sales in the 2014 second quarter as compared to the 2013 second quarter. For the six months, total revenue was $10,400,000 against $12,013,000 a year ago. Operating loss was $1,051,000 against operating income of $201,000 a year ago. Loss before income tax benefit was $2,223,000 against income before income tax benefit of $1,924,000 a year ago. Loss from continuing operations was $1,323,000 or $0.26 per basic and diluted share against income from continuing operations of $1,290,000 or $0.25 per basic and diluted share a year ago. Net loss was $1,205,000 or $0.23 per basic and diluted share against net income of $1,198,000 or $0.23 per basic and diluted share a year ago. Income from continuing operations principally reflects: the inclusion in the 2013 six month period of a pretax gain of $3,397,000 from the sale of Griffin's investment in Shemin Nurseries Holding Corp. and an operating loss of ($1,051,000) incurred in the 2014 six month period as compared to operating income of $201,000 in the 2013 six month period. The lower operating results principally reflect lower revenue and gain from property sales in the 2014 six month period.

Griffin Land & Nurseries Inc.(NasdaqGM:GRIF) dropped from Russell 2000 Index

Griffin Land & Nurseries Inc. will be removed from the Russell 2000 Index.

Griffin Land & Nurseries Inc.(NasdaqGM:GRIF) dropped from Russell 3000 Index

Griffin Land & Nurseries Inc. will be removed from the Russell 3000 Index.

 

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Industry Analysis

GRIF

Industry Average

Valuation GRIF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.2x
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.8x
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