Griffin Industrial Realty, Inc. develops, acquires, manages, and leases industrial and commercial properties in the United States.
Questionable track record unattractive dividend payer.
Share Price & News
How has Griffin Industrial Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GRIF has not had significant price volatility in the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: GRIF exceeded the US Real Estate industry which returned -17.4% over the past year.
Return vs Market: GRIF matched the US Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is Griffin Industrial Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StCan You Imagine How Griffin Industrial Realty's (NASDAQ:GRIF) Shareholders Feel About The 30% Share Price Increase?
2 weeks ago | Simply Wall StIs Griffin Industrial Realty, Inc. (NASDAQ:GRIF) Overpaying Its CEO?
1 month ago | Simply Wall StRead This Before Judging Griffin Industrial Realty, Inc.'s (NASDAQ:GRIF) ROE
Is Griffin Industrial Realty undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GRIF ($40.39) is trading above our estimate of fair value ($21.81)
Significantly Below Fair Value: GRIF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GRIF is poor value based on its PE Ratio (52.1x) compared to the Real Estate industry average (14.8x).
PE vs Market: GRIF is poor value based on its PE Ratio (52.1x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GRIF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GRIF is overvalued based on its PB Ratio (2.3x) compared to the US Real Estate industry average (1.1x).
How is Griffin Industrial Realty forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Griffin Industrial Realty has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of GRIF’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Real Estate industry.
How has Griffin Industrial Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRIF has a large one-off loss of $3.0M impacting its February 29 2020 financial results.
Growing Profit Margin: GRIF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GRIF has become profitable over the past 5 years, growing earnings by 32.2% per year.
Accelerating Growth: GRIF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GRIF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).
Return on Equity
High ROE: GRIF's Return on Equity (4.5%) is considered low.
How is Griffin Industrial Realty's financial position?
Financial Position Analysis
Short Term Liabilities: GRIF's short term assets ($26.4M) exceed its short term liabilities ($9.0M).
Long Term Liabilities: GRIF's short term assets ($26.4M) do not cover its long term liabilities ($183.4M).
Debt to Equity History and Analysis
Debt Level: GRIF's debt to equity ratio (194.1%) is considered high.
Reducing Debt: GRIF's debt to equity ratio has increased from 87.1% to 194.1% over the past 5 years.
Debt Coverage: GRIF's debt is not well covered by operating cash flow (6%).
Interest Coverage: GRIF's interest payments on its debt are not well covered by EBIT (2.1x coverage).
What is Griffin Industrial Realty's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRIF's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: GRIF's dividend (1.24%) is low compared to the top 25% of dividend payers in the US market (4.52%).
Stability and Growth of Payments
Stable Dividend: GRIF's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRIF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.5%), GRIF's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mike Gamzon (49yo)
Mr. Michael S. Gamzon, also known as Mike, has been the Chief Executive Officer and President of Griffin Industrial Realty, Inc. (formerly, Griffin Land & Nurseries Inc.) since January 1, 2016 and May 17, ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD688.42K) is below average for companies of similar size in the US market ($USD1.38M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|CEO, President & Director||4.33yrs||US$688.42k||1.93% $4.0m|
|Chairman of the Board||0.17yr||no data||1.04% $2.2m|
|Independent Director||7.58yrs||US$80.91k||no data|
|Independent Director||4yrs||US$78.73k||0.021% $44.2k|
|Independent Director||11.33yrs||US$74.41k||0.12% $239.3k|
|Independent Director||1yr||US$56.57k||no data|
|Independent Director||0.17yr||no data||no data|
Experienced Board: GRIF's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Griffin Industrial Realty, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Griffin Industrial Realty, Inc.
- Ticker: GRIF
- Exchange: NasdaqGM
- Founded: 1970
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: US$207.137m
- Shares outstanding: 5.13m
- Website: https://www.griffinindustrial.com
Number of Employees
- Griffin Industrial Realty, Inc.
- 641 Lexington Avenue
- 26th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GRIF||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Jul 1997|
Griffin Industrial Realty, Inc. develops, acquires, manages, and leases industrial and commercial properties in the United States. As of November 30, 2019, the company owned 40 buildings comprising 28 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It also owns real estate properties in the Hartford, Connecticut area; the Lehigh Valley of Pennsylvania; and the greater Charlotte, North Carolina area, as well as Massachusetts and Florida. The company was formerly known as Griffin Land & Nurseries, Inc. and changed its name to Griffin Industrial Realty, Inc. in May 2015. Griffin Industrial Realty, Inc. was incorporated in 1970 and is headquartered in New York City, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 03:14|
|End of Day Share Price||2020/05/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.