Gramercy Property Trust Declares Fourth Quarter 2017 Dividends

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Get Alerts GPT Hot Sheet

Price: $34.63 -0.03%

Overall Analyst Rating:
SELL (= Flat)

Dividend Yield: 5.5%

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NEW YORK--(BUSINESS WIRE)-- Gramercy Property Trust (NYSE: GPT), a real estate investment trust, announced today that its Board of Trustees declared a fourth quarter 2017 dividend on the Company’s common shares in the amount of $0.375 per share, payable on January 12, 2018 to common shareholders of record as of the close of business on December 29, 2017.

The Company’s Board also declared a fourth quarter 2017 dividend on the Company's 7.125% Series A Cumulative Redeemable Preferred Shares in the amount of $0.44531 per share, payable on December 29, 2017 to preferred shareholders of record as of the close of business on December 19, 2017.

About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

Forward Looking Statements

This press release contains forward-looking information based upon the Company's current best judgment and expectations. Actual results could vary from those presented herein. The risks and uncertainties associated with forward-looking information in this release include, but are not limited to, factors that are beyond the Company's control, including the factors listed in the Company's Annual Report on Form 10-K. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors should not place undue reliance upon forward-looking statements.

To review the Company’s latest news releases and other corporate documents, please visit the Company's website at www.gptreit.com or contact Investor Relations at 888-686-0112.