Griffin Industrial Realty, Inc. (GRIF) News
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Latest GRIF News From Around the Web
Below are the latest news stories about Griffin Industrial Realty Inc that investors may wish to consider to help them evaluate GRIF as an investment opportunity.
Griffin announces name change to Indus Realty TrustGriffin Industrial Realty ([[GRIF]]) provides a corporate updates completing its reincorporation as a Maryland corporation, the adoption of a new name and trading symbol and the start of operations as a real estate investment trust ([[REIT]] -0.6%) on January 1, 2021.Under the agreement and plan of merger, by and among Griffin... |
Griffin Announces Corporate Updates and New NameNEWS FROM: INDUS REALTY TRUST, INC. (formerly GRIFFIN INDUSTRIAL REALTY, INC.) * Completion of Maryland reincorporation * Name change from Griffin Industrial Realty, Inc. to INDUS Realty Trust, Inc. and change in trading symbol from “GRIF” to “INDT” * REIT conversion effective January 1, 2021 NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Formerly Nasdaq: GRIF) announced the following corporate updates concerning its reincorporation as a Maryland corporation, the adoption of a new name and trading symbol and the start of operations as a real estate investment trust (“REIT”) on January 1, 2021.“I am excited to announce the completion of a number of strategic milestones as we start the new year,” said Michael Gamz... |
Griffin reports 92.3% of total real estate portfolio leased in Q4For its Q4 leasing update, Griffin Industrial Realty (GRIF) reported ~411K sq. ft of the 498K sq. ft. renewed or leased related to two lease renewals of existing tenants in the Lehigh Valley of Pennsylvania.As of Nov. 30, 2020, Griffin's thirty industrial/warehouse buildings aggregated ~4.21M sq. ft, representing 91.5% of its total real... |
Griffin Announces Fiscal 2020 Fourth Quarter Leasing and Update on Rent CollectionNEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin” or the “Company”) 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 ended November 30, 2020 (the “2020 fourth quarter”): Number of Leases1 Square Feet Weighted Avg. Lease Term in Years Weighted Avg. Lease Costs PSF per Year2 Weighted Avg. Rent Growth3 Straight-line BasisCash Basis New Leases18,4003.0$1.152.5%(0.5%) Renewals5489,9845.0$0.5113.6%0.5% Total / Avg.6498,3845.0$0.5213.3%0.5% Griffin’s industrial/warehouse portfolio’s percentage leased was as follows: Nov 30, 2020Aug 31, 2020May 31, 2020Feb 29, 2020 Percenta... |
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 Compan... |
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 […] |
Shattuck Labs, C4 Therapeutics See Activist ActionsRedmile Group disclosed a 13.5% stake in biotech Shattuck Labs. Cobro Ventures took a 5.8% stake in biopharmaceutical firm C4 Therapeutics. |
Griffin Industrial Realty (NASDAQ:GRIF) Lowered to Hold at BidaskClubGriffin Industrial Realty (NASDAQ:GRIF) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports. Separately, TheStreet downgraded Griffin Industrial Realty from a “b-” rating to a “c” rating in a research report on Monday, July 20th. Griffin Industrial Realty stock opened at $56.80 on […] |
Griffin Announces Fiscal 2020 Third Quarter Leasing and Update on Rent CollectionNEW 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 ended August 31, 2020 (the “2020 third quarter”): WeightedWeighted Avg.Weighted Avg. Rent Growth3 Number of Leases1Square FeetAvg. Lease Term in YearsLease Costs PSF per Year2 Straight-line BasisCash Basis New Leases---- - - Renewals383,0006.1$0.5116.5%3.6% Total / Avg.383,0006.1$0.5116.5%3.6% Griffin’s industrial/warehouse portfolio’s percentage leased was as follows: Aug. 31, 2020May 31, 2020Feb. 29, 2020 Percentage Leased94.3%94.3%94.9% P... |
Griffin Announces Fiscal 2020 Second Quarter ResultsNEW YORK, July 09, 2020 -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) reported total revenue of $9,315,000 and $18,979,000 for the three months ended May 31,. |