NasdaqGM:GRIF

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Executive Summary

Griffin Industrial Realty, Inc. develops, acquires, manages, and leases industrial and commercial properties in the United States.


Snowflake Analysis

Questionable track record unattractive dividend payer.


Similar Companies

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.


Market Performance


7 Day Return

5.7%

GRIF

7.5%

US Real Estate

2.9%

US Market


1 Year Return

8.7%

GRIF

-17.4%

US Real Estate

9.5%

US Market

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.


Shareholder returns

GRIFIndustryMarket
7 Day5.7%7.5%2.9%
30 Day4.1%2.4%5.1%
90 Day-2.4%-25.9%2.5%
1 Year10.1%8.7%-16.9%-17.4%12.0%9.5%
3 Year30.3%25.7%-19.9%-21.7%30.8%22.1%
5 Year31.0%23.7%-26.6%-28.9%57.4%39.7%

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

Valuation

Is Griffin Industrial Realty undervalued compared to its fair value and its price relative to the market?

52.08x

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).


Next Steps

Future Growth

How is Griffin Industrial Realty forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.5%

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.


Next Steps

Past Performance

How has Griffin Industrial Realty performed over the past 5 years?

32.2%

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.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

What is Griffin Industrial Realty's current dividend yield, its reliability and sustainability?

1.24%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average board tenure


CEO

Mike Gamzon (49yo)

4.33yrs

Tenure

US$688,419

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Michael Gamzon
CEO, President & Director4.33yrsUS$688.42k1.93% $4.0m
Gordon DuGan
Chairman of the Board0.17yrno data1.04% $2.2m
Jonathan May
Independent Director7.58yrsUS$80.91kno data
Edgar Cullman
Director5yrsUS$59.91k17.01% $35.2m
Frederick Danziger
Director0.17yrUS$33.84k7.96% $16.5m
David Bechtel
Independent Director4yrsUS$78.73k0.021% $44.2k
Albert Small
Independent Director11.33yrsUS$74.41k0.12% $239.3k
Amy Silverman
Independent Director1yrUS$56.57kno data
Molly North
Independent Director0.17yrno datano data

4.0yrs

Average Tenure

52yo

Average Age

Experienced Board: GRIF's board of directors are considered experienced (4 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Griffin Industrial Realty, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Griffin Industrial Realty, Inc.
  • 641 Lexington Avenue
  • 26th Floor
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRIFNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJul 1997

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 03:14
End of Day Share Price2020/05/29 00:00
Earnings2020/02/29
Annual Earnings2019/11/30


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.