Ex-Div Reminder for Gramercy Property Trust Series B Cumulative Redeemable Preferred Stock

On 6/17/15, Gramercy Property Trust Inc's 7.125% Series B Cumulative Redeemable Preferred Stock (GPT.PRB) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 6/30/15. As a percentage of GPT.PRB's recent share price of $26.90, this dividend works out to approximately 1.66%, so look for shares of GPT.PRB to trade 1.66% lower — all else being equal — when GPT.PRB shares open for trading on 6/17/15. On an annualized basis, the current yield is approximately 6.62%, which compares to an average yield of 6.39% in the "REITs" preferred stock category, according to Preferred Stock Channel.

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As of last close, GPT.PRB was trading at a 7.60% premium to its liquidation preference amount. The chart below shows the one year performance of GPT.PRB shares, versus GPT:

Performance Comparison Chart

Below is a dividend history chart for GPT.PRB, showing historical dividends prior to the most recent $0.4453 on Gramercy Property Trust Inc's 7.125% Series B Cumulative Redeemable Preferred Stock:

GPT.PRB+Dividend+History+Chart

In Monday trading, Gramercy Property Trust Inc's 7.125% Series B Cumulative Redeemable Preferred Stock ( GPT.PRB) is currently trading flat on the day, while the common shares ( GPT) are down about 0.9%.

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