Griffin Capital Essential Asset REIT Declares January Distributions
December 28, 2020
On December 17, 2020, Griffin Capital Essential Asset REIT’s board of directors declared an all-cash distribution rate based on 365 days in the calendar year, of $0.000958904 per day ($0.35 per share annualized), subject to adjustments for class-specific expenses, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock, for stockholders of record at the close of each business day for the period commencing on January 1, 2021, and ending on January 31, 2021. The REIT will pay such distributions to each stockholder of record at such time in February 2021 as determined by the REIT’s Chief Executive Officer.
Based upon the NAV per share as of September 30, 2020, of $8.84, the distribution yield for Class A shares is 3.96% annualized.
Source: SEC, Griffin Capital Essential Asset REIT, Inc.
