What to Analyze About the Griffin Industrial Realty, Inc. (NASDAQ: GRIF)

Griffin Industrial Realty, Inc. (NASDAQ: GRIF) stock observed trading 0.53% off 52-week high price. On the other end, the stock has been noted 86.25% away from low price over the last 52-weeks. The stock disclosed a move of 37.93% away from 50 day moving average and 37.44% away from 200 day moving average. Moving closer, we can see that shares have been trading 25.73% off 20-day moving average. It has market cap of $275.01M and dividend yield of 0.94%.

Griffin Industrial Realty, Inc. (GRIF) stated total revenue of $9,315,000 and $18,979,000 for the three months ended May 31, 2020 (the “2020 second quarter”) and six months ended May 31, 2020 (the “2020 six month period”), respectively, as contrast to $17,081,000 and $26,384,000 for the three months ended May 31, 2019 (the “2019 second quarter”) and six months ended May 31, 2019 (the “2019 six month period”), respectively. The decline in total revenue in the 2020 second quarter and 2020 six-month period, versus the comparable 2019 periods, reflected decreases in revenue from property sales partially offset by increases in rental revenue.

Rental revenue increased to $9,214,000 and $18,128,000 in the 2020 second quarter and 2020 six-month period, respectively, from $8,421,000 and $16,858,000 in the 2019 second quarter and 2019 six-month period, respectively. The increases in rental revenue in the 2020 second quarter and 2020 six month period, versus the comparable 2019 periods, were principally Because of rental revenue from industrial/warehouse buildings added to Griffin’s portfolio subsequent to May 31, 2019, reflecting the purchase of three industrial/warehouse buildings in Orlando, Florida and the initial leasing in one of the two industrial/warehouse buildings in the Charlotte, North Carolina area and, to a lesser extent, a raise in rental revenue from other industrial/warehouse buildings.

Griffin stated a net loss for the 2020 second quarter of ($693,000) and a basic and diluted net loss per share of ($0.14), as contrast to net income of $5,819,000 and basic and diluted net income per share of $1.15 and $1.14, respectively, for the 2019 second quarter. For the 2020 six month period, Griffin stated a net loss of ($1,013,000) and a basic and diluted net loss per share of ($0.20), as contrast to net income of $5,233,000 and basic and diluted net income per share of $1.03 for the 2019 six month period. The net losses incurred in the 2020 second quarter and 2020 six month period, as contrast to net income in the 2019 second quarter and 2019 six month period, principally reflected a lower gain from property sales and increases in depreciation and amortization expense, general and administrative expenses and interest expense in the 2020 second quarter and 2020 six month period, as contrast to the 2019 second quarter and 2019 six month period, which over offset a raise in operating income from leasing1 (“Leasing NOI”), which Griffin defines as rental revenue less operating expenses of rental properties, and lower income taxes in the 2020 second quarter and 2020 six month period, as contrast to the 2019 second quarter and 2019 six month period.

The USA based company Griffin Industrial Realty, Inc. moved with change of 8.23% to $53.4 with the total traded volume of 12320 shares in recent session versus to an average volume of 6.71K. GRIF’s shares are at 51.40% for the quarter and driving a 39.06% return over the course of the past year and is now at 35.02% since this point in 2018.  Right now the stock beta is 0.95. The average volatility for the week and month was at 8.69% and 4.92% respectively.

 

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