Gramercy property trust (GPT)
Balance Sheet / Yearly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
GPT Operating Partnership LP
Senior unsecured notes, net
Senior unsecured term loans
Series A Preferred Stock
Assets:
Real estate investments, at cost:
Land

1,008

1,009

1,023

1,004

796

804

805

734

763

683

702

439

618

630

239

641

646

645

73

673

442

442

538

358

350

350

338

330

331

212

Land Available for Expansion

-

-

-

-

-

-

-

-

-

-

-

-

24

24

-

25

25

25

-

-

-

-

22

-

-

-

-

-

-

-

Site Improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

204

204

-

164

155

155

150

147

122

94

Building and improvements

4,849

4,821

4,863

4,845

4,118

4,108

4,053

3,538

3,627

3,279

3,313

1,623

1,646

1,685

828

1,633

1,630

1,625

264

1,621

1,458

1,457

1,172

1,017

974

980

938

916

898

744

Construction in Progress - VIE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

135

134

76

77

76

76

74

72

65

55

Gross investments in Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

2,289

2,340

-

2,301

2,302

2,296

-

2,295

2,241

2,238

1,809

1,617

1,557

1,562

1,502

1,466

1,417

1,107

Less: accumulated depreciation

410

368

333

297

259

235

201

169

142

114

84

66

266

257

27

243

230

213

4

180

162

145

132

120

109

98

88

77

68

51

Total real estate investments, net

5,447

5,462

5,554

5,552

4,655

4,677

4,656

4,103

4,248

3,848

3,931

1,996

2,022

2,083

1,040

2,057

2,071

2,083

333

2,115

2,078

2,093

1,677

1,496

1,448

1,463

1,414

1,388

1,349

1,055

Construction In Progress and Other Assets-Variable Interest Entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Investments in Unconsolidated Entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

487

-

-

-

-

-

-

Real Estate and Other Assets Held for Sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

0

22

22

Construction In Progress and Other Assets-Variable Interest Entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

66

47

29

17

-

-

0

Cash and cash equivalents

59

41

30

68

163

56

67

56

185

67

128

38

94

44

200

58

55

44

43

62

87

66

107

191

273

302

238

178

112

48

Restricted cash

12

15

12

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

19

40

13

-

171

65

166

17

9

17

15

1

14

12

12

0

15

15

14

10

9

10

7

7

6

4

2

Investment in unconsolidated equity investments

147

99

70

73

114

105

101

120

145

527

580

13

393

394

0

460

486

497

39

464

361

365

515

-

525

544

537

483

462

410

Servicing advances receivable

-

-

-

-

-

-

-

0

0

0

-

1

-

-

1

-

-

-

8

-

-

-

-

-

-

-

-

-

-

-

Retained CDO bonds

-

-

-

-

-

-

-

8

9

8

-

11

-

-

4

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale, net

0

0

0

17

14

8

0

11

10

10

420

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant and other receivables, net

94

92

88

75

65

75

72

69

57

43

34

26

-

-

15

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

Tenant and Other Receivables, Net

-

-

-

-

-

-

-

-

-

-

-

-

8

11

-

14

12

11

-

10

9

6

6

8

5

5

5

6

5

5

Deferred Rent

-

-

-

-

-

-

-

-

-

-

-

-

42

41

-

40

38

36

-

33

29

27

25

23

21

19

17

15

13

8

Acquired Above-Market Leases, Net of Accumulated Amortization of $28,601 and $23,364, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

50

-

28

29

31

31

32

34

22

Acquired lease assets, net of accumulated amortization of $265,990 and $220,473

537

563

598

625

563

596

618

584

641

631

682

324

195

208

200

220

230

242

40

259

214

224

199

150

151

158

158

152

149

111

Deferred costs, net of accumulated amortization of $3,074 and $892

-

-

-

-

-

-

-

24

21

17

-

15

-

-

10

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

3

3

3

-

3

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Commissions, Net of Accumulated Amortization of $2,165 and $1,705, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

-

4

3

3

3

3

3

1

Other assets

134

127

100

110

68

73

72

30

21

24

40

10

-

-

23

-

-

-

7

18

7

4

-

3

1

2

1

2

3

22

Deferred Financing Costs, Net

-

-

-

-

-

-

-

-

-

-

-

-

7

8

-

9

10

10

-

11

8

9

8

10

6

6

7

7

7

6

Prepaid Expenses and Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

17

19

-

13

10

12

-

-

-

-

3

-

-

-

-

-

-

-

Interest Rate Swaps at Fair Value-Qualifying Hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

-

-

-

Total assets

6,433

6,401

6,456

6,541

5,686

5,606

5,603

5,183

5,410

5,348

5,834

2,451

2,800

2,827

1,500

2,889

2,928

2,952

491

2,991

2,869

2,866

2,554

2,481

2,529

2,576

2,440

2,277

2,168

1,716

Operating Partnership Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

2

2

2

2

2

2

2

2

2

Class B Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

-

-

0

-

-

-

Non-Controlling InterestVariable Interest Entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

-

0

Liabilities and Equity:
Liabilities:
Senior unsecured revolving credit facility

441

292

357

615

70

121

65

163

169

122

296

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable senior notes, net

-

-

-

0

110

109

108

108

107

107

106

108

-

-

107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage notes payable, net

499

559

563

606

495

549

558

368

532

491

530

318

568

581

161

632

652

656

122

694

689

718

502

619

622

626

630

632

658

356

Unsecured Term Loan Facilities

-

-

-

-

-

-

-

-

-

-

-

-

570

570

-

570

570

570

-

-

-

-

0

-

-

-

-

-

-

-

Unsecured debt

-

-

-

-

-

-

-

-

-

-

-

300

240

235

-

170

170

170

-

570

-

-

265

-

-

-

-

-

-

-

Total long-term debt, net

2,886

2,797

2,865

2,943

2,398

2,502

2,454

2,013

2,184

2,095

2,257

997

-

-

469

-

-

-

167

-

-

-

-

-

-

-

-

-

-

-

Note Payable at Fair Value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

8

-

9

8

9

8

8

9

8

Loans Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

510

320

-

0

25

25

25

25

25

60

Liabilities Related to Real Estate and Other Assets Held for Sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Security Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

-

1

1

0

0

0

0

0

Accounts payable and accrued expenses

45

60

59

58

39

42

58

48

35

29

59

25

68

74

18

57

56

45

11

53

55

50

53

29

20

19

20

22

20

15

Intangible Liabilities, Net

-

-

-

-

-

-

-

-

-

-

-

-

22

25

-

26

25

27

-

29

-

-

25

-

-

-

-

-

-

-

Prepaid Rent and Security Deposits

-

-

-

-

-

-

-

-

-

-

-

-

15

16

-

15

14

15

-

14

-

-

10

-

-

-

-

-

-

-

Accounts Payable and Accrued Expenses and Prepaid Rent-Variable Interest Entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Acquired Below-Market Leases, Net of Accumulated Amortization of $21,220 and $19,077, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

-

-

-

-

-

-

-

-

-

Above-Market Ground Leases, Obligation, Net of Accumulated Amortization of $124 and $89, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

-

1

1

1

1

1

-

0

Property Management Fee Payable to Related Party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

Investment Management Fee Payable to Related Party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

-

2

2

3

1

1

1

1

Dividends payable

62

62

61

61

57

53

53

46

46

46

8

12

10

10

9

9

9

9

37

29

35

37

37

37

37

36

32

29

27

24

Accrued interest payable

-

-

-

-

-

-

-

5

5

5

-

2

-

-

2

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

31

30

36

-

15

-

-

11

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable and Accrued Expenses and Prepaid Rent-Variable Interest Entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

33

14

13

3

-

-

0

Accrued Offering Costs Payable to Related Parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

1

1

0

Below market lease liabilities, net of accumulated amortization of $33,302 and $28,978

148

159

166

173

175

216

230

224

241

238

242

214

-

-

53

-

-

-

6

-

-

34

-

24

26

27

29

30

25

19

Liabilities related to assets held for sale

-

-

-

4

7

3

-

0

0

0

291

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments, at fair value

-

-

-

-

-

-

-

28

36

27

-

6

-

-

3

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

54

55

50

53

43

49

46

10

11

9

52

7

-

-

8

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Interest Rate Swaps at Fair Value-Non-Qualifying Hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

-

0

-

-

0

-

-

-

Interest Rate Swap at Fair Value-Qualifying Hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

-

14

-

-

12

-

-

-

Interest Rate Swaps at Fair Value-Non-Qualifying Hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-

-1

-1

-1

Interest Rate Swaps at Fair Value-Qualifying Hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-11

-

-12

-4

-1

Total liabilities

3,197

3,135

3,203

3,295

2,722

2,867

2,842

2,409

2,592

2,488

2,912

1,283

1,495

1,513

577

1,482

1,499

1,495

225

1,491

1,338

1,181

894

773

774

777

768

767

776

491

Commitments and contingencies

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Noncontrolling interest in the Operating Partnership

156

137

113

75

6

6

8

9

10

11

10

11

-

-

16

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Equity:
Common shares, par value $0.01, 160,792,820 and 160,686,822 issued and outstanding at June 30, 2018 and December 31, 2017, respectively

1

1

1

1

1

1

1

4

4

4

1

0

2

2

1

2

2

2

0

2

2

2

2

2

2

2

2

2

1

1

Series A cumulative redeemable preferred shares, par value $0.01, liquidation preference $87,500, and 3,500,000 shares authorized, issued and outstanding at June 30, 2018 and December 31, 2017

84

84

84

-

-

-

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in-capital

4,406

4,411

4,409

4,407

4,187

3,911

3,887

3,883

3,882

3,880

3,882

2,053

2,073

2,073

1,767

2,069

2,068

2,067

1,149

2,066

2,072

2,194

2,203

2,203

2,203

2,196

2,038

1,838

1,673

1,446

Accumulated other comprehensive income

29

35

12

2

-1

-1

-4

-38

-44

-20

-5

-1

-36

-48

-3

-13

-1

2

-1

-6

-11

-18

-8

-25

-27

-16

-23

-21

-7

-11

Accumulated deficit

-1,442

-1,404

-1,369

-1,325

-1,313

-1,262

-1,216

-1,168

-1,119

-1,100

-1,051

-980

-734

-713

-942

-651

-640

-615

-967

-563

-534

-495

-540

-476

-426

-387

-348

-310

-278

-214

Total shareholders' equity

3,079

3,128

3,138

3,170

2,958

2,733

2,752

2,765

2,807

2,848

2,911

1,156

1,304

1,313

906

1,406

1,429

1,456

-

1,499

1,528

1,682

1,657

1,704

1,750

1,795

1,668

1,507

1,389

1,222

Noncontrolling interest in other entities

0

0

0

0

-0

-0

-0

-0

-0

-0

-0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

3,079

3,129

3,138

3,170

2,957

2,733

2,752

2,765

2,807

2,848

2,911

1,156

-

-

906

-

-

-

266

-

-

-

-

-

-

-

-

-

-

-

Partners Capital:
Accumulated other comprehensive income

29

35

12

2

-1

-

-4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

6,433

6,401

6,456

6,541

5,686

5,606

5,603

5,183

5,410

5,348

5,834

2,451

2,800

2,827

1,500

2,889

2,928

2,952

491

2,991

2,869

2,866

2,554

2,481

2,529

2,576

2,440

2,277

2,168

1,716