Mr. DuGan is the former Chairman and Chief Executive Officer of Gramercy Property Trust (“Gramercy”), an industrial-focused REIT that was acquired by Blackstone Real Estate Partners VII in 2018. Ms. North is the President and Chief Executive Officer of Al. Neyer, LLC (“Al. Neyer”), a commercial real estate development and design-build construction firm.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Tapestry, Inc. New York, April 24, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tapestry, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Griffin recently entered the Orlando market when it acquired a fully leased approximately 100,000 square foot industrial/warehouse building in October 2019. This Press Release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

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Gordon F. Dugan, Chairman of Griffin’s Board of Directors, Michael S. Gamzon, Griffin’s President and Chief Executive Officer and Anthony J. Galici, Griffin’s Vice President and Chief Financial Officer, will update stockholders at the Annual Meeting on Griffin’s current activities. Mr. Gamzon will review Griffin’s operating results for the fiscal year ended November 30, 2019 (“fiscal 2019”) and the fiscal quarter ended February 29, 2020, and report on the Company’s recent developments. Mr. Gamzon will then report that Griffin has entered into a lease for the previously reported approximately 200,000 square feet that was expected to become vacant on July 31, 2020 in one of Griffin’s industrial/warehouse buildings in the Lehigh Valley of Pennsylvania.

Griffin Industrial Realty, Inc. (NASDAQ:GRIF) stock is about to trade ex-dividend in 3 days time. You can purchase...

NEW YORK, Dec. 09, 2019 -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) announced that in the three months ended November 30, 2019 (the “2019 fourth quarter”) it.

NEW YORK, March 12, 2020 -- Griffin Industrial Realty, Inc. (NASDAQ: GRIF) (“Griffin”) announced that it closed on the acquisition (the “Acquisition”) of an approximately.

Insider Monkey has recently published a copy of Rhizome Partners Q1 2020 investor letter. A copy of the letter can be downloaded here. Bill Chen is Rhizome Partners founder and managing partner. The fund was founded in 2013. In Q1 2020, Class B investors of Rhizome Partners witnessed a 14.0% net loss compared to a […]

Griffin intends to convert to a REIT Gordon DuGan to join Griffin as Chairman of the Board; Molly North appointed a Director Company plans to sell its multi-story office.

Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) today announced that it closed on the purchase of an approximately 14 acre parcel of undeveloped land in the Lehigh Valley of Pennsylvania (the “Lehigh Valley Land”). Griffin paid cash of $1.85 million for the Lehigh Valley Land using a portion of the proceeds from the $7.7 million sale in May 2019 of approximately 280 acres of undeveloped land that were being held in escrow for a like-kind exchange under Section 1031 of the Internal Revenue Code of 1986, as amended. Griffin expects to begin construction, on speculation, of an approximately 100,000 square foot industrial/warehouse building on the Lehigh Valley Land in the first half of 2020.

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This decision is based on the Board’s and management’s consideration of ways to maximize stockholder value and generate growth opportunities as the Company continues to expand its industrial/warehouse property portfolio in select markets. Griffin, if successful in the conversion process, would plan to elect REIT status with the taxable year beginning January 1, 2021. “After analyzing our current operations and future business plans, we believe converting to a REIT is the optimal structure for Griffin as we continue to invest in and grow our industrial/warehouse property portfolio,” said Michael Gamzon, Griffin’s President and Chief Executive Officer.

NEW YORK, Jan. 28, 2020 -- Griffin Industrial Realty, Inc. (NASDAQ: GRIF) (“Griffin”) announced that Riverbend Upper Macungie Properties I LLC and Riverbend Crossings III.

NEW YORK, March 17, 2020 -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) announced that in the three months ended February 29, 2020 (the “2020 first quarter”) it.

Rental revenue was $8,914,000 and revenue from property sales was $750,000 in the 2020 first quarter, as compared to rental revenue of $8,437,000 and revenue from property sales of $866,000 in the 2019 first quarter. The increase in operating income in the 2020 first quarter, as compared to the 2019 first quarter, principally reflected increases in gain on property sales and net operating income from leasing, which Griffin defines as rental revenue less operating expenses of rental properties (“Leasing NOI”)1, partially offset by an increase in depreciation and amortization expense. The gain on property sales of approximately $584,000 in the 2020 first quarter reflected the sale of approximately seven acres of undeveloped land in Windsor, Connecticut, whereas the gain on property sales of approximately $52,000 in the 2019 first quarter reflected the sale of the development rights for a 116 acre parcel of land in East Windsor, Connecticut.

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]

Moody's Investors Service, ("Moody's") today affirmed Tapestry, Inc.'s ("Tapestry") Baa2 senior unsecured rating and changed the ratings outlook to negative from stable. "Although Tapestry has taken decisive measures to enhance its already excellent liquidity, the negative outlook reflects the risk of continued disruption from COVID-19 in the face of unprecedented temporary store and mall closures as well as the potential for ongoing weakness in consumer demand", stated Vice President, Christina Boni. "In addition to $1.2 billion of cash and short term investments at the end of 2019, the company drew $700 million under its $900 million revolving credit facility and has suspended its common dividend while having no near term maturities", Boni added.

Prospectively, Griffin expects to continue to consider the payment of an annual dividend late in the fiscal year based on that fiscal year’s results and cash flows and Griffin’s estimated future cash requirements. This Press Release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Griffin believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved.

NEW YORK, Feb. 13, 2020 -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) reported total revenue of $8,759,000 and $44,045,000 for the three months ended November.