Company Quick10K Filing
Griffin Industrial Realty
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 5 $192
10-K 2020-02-13 Annual: 2019-11-30
10-Q 2019-10-09 Quarter: 2019-08-31
10-Q 2019-07-09 Quarter: 2019-05-31
10-Q 2019-04-08 Quarter: 2019-02-28
10-K 2019-02-12 Annual: 2018-11-30
10-Q 2018-10-09 Quarter: 2018-08-31
10-Q 2018-07-10 Quarter: 2018-05-31
10-Q 2018-04-09 Quarter: 2018-02-28
10-K 2018-02-08 Annual: 2017-11-30
10-Q 2017-10-10 Quarter: 2017-08-31
10-Q 2017-07-07 Quarter: 2017-05-31
10-Q 2017-04-07 Quarter: 2017-02-28
10-K 2017-02-10 Annual: 2016-11-30
10-Q 2016-10-07 Quarter: 2016-08-31
10-Q 2016-07-08 Quarter: 2016-05-31
10-Q 2016-04-08 Quarter: 2016-02-29
10-K 2016-02-12 Annual: 2015-11-30
10-Q 2015-10-09 Quarter: 2015-08-31
10-Q 2015-07-10 Quarter: 2015-05-31
10-Q 2015-04-09 Quarter: 2015-02-28
10-K 2015-02-13 Annual: 2014-11-30
10-Q 2014-10-10 Quarter: 2014-08-31
10-Q 2014-07-10 Quarter: 2014-05-31
10-Q 2014-04-09 Quarter: 2014-02-28
10-K 2014-02-13 Annual: 2013-11-30
10-Q 2013-10-10 Quarter: 2013-08-31
10-Q 2013-07-11 Quarter: 2013-06-01
10-Q 2013-04-11 Quarter: 2013-03-02
10-K 2013-02-14 Annual: 2012-12-01
10-Q 2012-10-11 Quarter: 2012-09-01
10-Q 2012-07-12 Quarter: 2012-06-02
10-Q 2012-04-12 Quarter: 2012-03-03
10-K 2012-02-16 Annual: 2011-12-03
10-Q 2011-10-06 Quarter: 2011-08-27
10-Q 2011-07-07 Quarter: 2011-05-28
10-Q 2011-04-07 Quarter: 2011-02-26
10-K 2011-02-10 Annual: 2010-11-27
10-Q 2010-10-06 Quarter: 2010-08-28
10-Q 2010-07-07 Quarter: 2010-05-29
10-Q 2010-04-08 Quarter: 2010-02-27
10-K 2010-02-10 Annual: 2009-11-28
8-K 2020-03-17 Exhibits
8-K 2020-03-12 Regulation FD, Exhibits
8-K 2020-03-03 Officers, Regulation FD, Exhibits
8-K 2020-02-21 Regulation FD, Exhibits
8-K 2020-02-13 Earnings, Exhibits
8-K 2020-01-23 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-01-21 Regulation FD, Exhibits
8-K 2019-12-20 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-12-09 Exhibits
8-K 2019-11-21 Regulation FD, Exhibits
8-K 2019-10-29 Regulation FD, Exhibits
8-K 2019-10-28 Regulation FD, Exhibits
8-K 2019-10-09 Earnings, Exhibits
8-K 2019-10-09 Regulation FD, Exhibits
8-K 2019-09-19 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-09-16 Exhibits
8-K 2019-07-22 Regulation FD, Exhibits
8-K 2019-07-09 Earnings, Exhibits
8-K 2019-06-06 Exhibits
8-K 2019-06-03 Officers
8-K 2019-05-14 Regulation FD, Exhibits
8-K 2019-05-14 Officers, Shareholder Vote, Exhibits
8-K 2019-05-06 Regulation FD, Exhibits
8-K 2019-04-08 Earnings, Exhibits
8-K 2019-03-12 Exhibits
8-K 2019-03-04 Amend Bylaw, Other Events, Exhibits
8-K 2019-02-12 Earnings, Exhibits
8-K 2018-12-04 Regulation FD, Exhibits
8-K 2018-11-15 Regulation FD, Exhibits
8-K 2018-11-06 Regulation FD, Exhibits
8-K 2018-10-09 Earnings, Exhibits
8-K 2018-09-11 Regulation FD, Exhibits
8-K 2018-09-05 Regulation FD
8-K 2018-07-20 Regulation FD, Exhibits
8-K 2018-07-10 Earnings, Exhibits
8-K 2018-06-12 Regulation FD, Exhibits
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-15 Regulation FD, Exhibits
8-K 2018-05-10 Enter Agreement, Exhibits
8-K 2018-04-11 Regulation FD, Exhibits
8-K 2018-04-09 Earnings, Exhibits
8-K 2018-03-29 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-03-07 Regulation FD, Exhibits
8-K 2018-02-08 Earnings, Exhibits
8-K 2018-01-31 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits

Griffin Industrial Realty Financials

GRIF Metrics, Comps, Filings

Annual | Quarterly

Business

Griffin Industrial Realty, Inc. (“Griffin”) is a real estate business principally engaged in developing, managing and leasing industrial/warehouse properties, and to a lesser extent, office/flex properties. Griffin seeks to add to its property portfolio through the acquisition and development of land or the purchase of buildings in select markets targeted by Griffin. Periodically, Griffin may sell certain portions of its undeveloped land that it has owned for an extended time period and the use of which is not consistent with Griffin’s core development and leasing strategy.

Griffin’s buildings are located in the north submarket of Hartford, Connecticut, the Lehigh Valley of Pennsylvania and the greater Charlotte, North Carolina area. Griffin expects to continue to seek to acquire and develop properties that are consistent with its core strategy of developing and leasing industrial/warehouse properties. Griffin targets properties that are in close proximity to transportation infrastructure (highways, airports, railways and sea ports) and can accommodate single and multiple tenants in flexible layouts. Griffin expects that most of such potential acquisitions of either undeveloped land or land and buildings will likely be located outside of the Hartford area in select markets targeted by Griffin.

As of November 30, 2018, Griffin owned thirty‑seven buildings comprising approximately 4,078,000 square feet that was 93% leased. Approximately 89% of Griffin’s square footage is industrial/warehouse space, with the balance being office/flex space. As of November 30, 2018, approximately 95% of Griffin’s industrial/warehouse space was leased and approximately 72% of Griffin’s office/flex space was leased. As stated in “Item 2. Properties” below, Griffin generally uses nonrecourse mortgage loans and occasionally uses construction loans to finance some of its real estate development activities, and as of November 30, 2018, approximately $147.2 million was outstanding under all such loans. In fiscal 2018, profit from leasing activities (which Griffin defines as rental revenue less operating expenses of rental properties)1 was approximately $23.2 million, while debt service (interest and scheduled principal payments) on nonrecourse mortgage loans and a construction loan was approximately $9.8 million.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Nam Tai Property (NTP) 339,864 0% 318,107 90,216 0 0 0 0 339,864
Rafael Holdings (RFL) 332,521 0% -88.0 -4% 140,400 1,438 4,165 0 -5,490 -3,658 321,750
Consolidated Tomoka Land (CTO) 296,784 77% 9.8 5% 583,461 384,459 77,173 59,669 30,347 58,113 569,060
Pico Holdings (PICO) 209,800 0% 28.5 4% 177,808 2,256 19,038 0 6,945 6,945 198,253
American Realty Investors (ARL) 245,715 0% 2.5 17% 832,362 533,901 60,569 0 137,670 158,116 403,001
MMA Capital Management (MMAC) 178,906 9.7 8% 373,957 154,362 0 0 31,677 32,363 313,294
Griffin Industrial Realty (GRIF) 193,067 94% 21.1 2% 268,024 173,555 35,286 33,287 6,250 15,745 332,228
Maui Land & Pineapple (MLP) 190,104 0% -147.5 -3% 47,615 16,275 9,385 0 -1,285 -1,285 189,485
Leju (LEJU) 165,632 0% 416,727 175,161 0 0 0 0 18,369
Yangtze River Port & Logistics (YRIV) 132,851 -57.9 -2% 377,675 218,227 0 0 -8,228 -2,203 127,485
China HGS Real Estate (HGSH) 48,654 15% 28.8 0% 363,371 200,648 25,261 3,900 979 1,530 44,074
Optibase (OBAS) 45,903 0% 243,958 170,565 0 0 0 0 32,067
Altisource Asset Management (AAMC) 16,703 0% 1.2 -10% 53,636 10,546 15,659 0 -5,364 -4,165 -4,855
Gazit-Globe (GZT) 0 0% 48,963,000 30,846,000 0 0 0 0 -487,000
Colliers (CIGI)
FangDD Network Group (DUO)
Cresud (CRESY) 0 0% 507,989,000 418,989,000 0 0 0 0 0
FirstService Corporation (FSV)
Q&K International Group (QK)
MDJM (MDJH) 0% 8,895 713 0 0 0 0 -6,693

Balance Sheet ($'000)2012-12-012013-11-302014-11-302015-11-302016-11-302017-11-302018-11-30
Cash10,18114,17917,05918,27124,68930,0688,592
Accounts Receivable1,8461,4091,3434012801,097407
Inventory14,2064,116
PP&E123,927131,190134,522166,455247251245
Assets180,114184,727186,377209,301223,623249,037263,469
Accounts Payable690865
Long-Term Debt57,69264,692109,697129,203145,052
Liabilities75,96886,61290,498114,492132,820155,984168,641
Stockholders' Equity104,14698,11595,87994,80990,80393,05394,828
Income Statement ($'000)2012-12-012013-11-302014-11-302015-11-302016-11-302017-11-302018-11-30
Revenue36,59125,52624,21928,08830,85143,884
Cost of Revenue24,527
Gross Profit12,064
R&D
SG&A9,9387,7907,0777,0577,3678,5527,749
Tax-113992963807352,673505
Net Income5764,627-1,653
Cash Flow ($'000)2012-12-012013-11-302014-11-302015-11-302016-11-302017-11-302018-11-30
Cash Operating1,945-5544,22112,9617,2179,3798,441
Cash Investing3,015-1,177-2,758-29,705-16,624-19,914-45,334
Cash Financing-2,2105,7291,37817,95615,82515,91415,417