GRAMERCY PROPERTY TRUST (GPT) financial statements (2021 and earlier)

Company profile

Business Address 90 PARK AVENUE
NEW YORK, NY 10016
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments30681284083107
Cash and cash equivalents30681284083107
Restricted cash and investments     11
Receivables   11107
Deferred costs  (4)   
Prepaid expense and other current assets2
Total current assets:30681245193127
Noncurrent Assets
Property, plant and equipment1,024805703631639561
Long-term investments and receivables70102580424515516
Long-term investments70102580424515516
Intangible assets, net (including goodwill)59961968622024932
Goodwill  4   
Intangible assets, net (excluding goodwill)59961968222024932
Deferred costs  2411  
Total noncurrent assets:1,6931,5261,9921,2861,4031,108
Other undisclosed assets4,7334,0103,7241,5331,5141,320
TOTAL ASSETS:6,4565,6045,8412,8703,0112,555
Current Liabilities
Debt 562397   
Derivative instruments and hedges, liabilities  3   
Total current liabilities: 562400   
Noncurrent Liabilities
Long-term debt and lease obligation   570570 
Long-term debt, excluding current maturities   570570 
Liabilities, other than long-term debt138204225  25
Deferred revenue and credits(29)(26)(17)   
Off-market lease, unfavorable166230242  25
Total noncurrent liabilities:13820422557057025
Other undisclosed liabilities3,0662,0762,293939956869
Total liabilities:3,2042,8422,9191,5091,526894
Temporary equity, carrying amount114911   
Stockholders' equity
Stockholders' equity attributable to parent, including:3,1392,7532,9111,3611,4851,657
Preferred stock84     
Common stock214222
Additional paid in capital4,4103,8883,8802,0722,0672,204
Accumulated other comprehensive income (loss)13(4)(6)(23)5(9)
Accumulated deficit(1,370)(1,217)(1,051)(690)(589)(540)
Other undisclosed stockholders' equity attributable to parent 8484   
Stockholders' equity attributable to noncontrolling interest0(0)(0)   
Other undisclosed stockholders' equity     3
Total stockholders' equity:3,1392,7522,9111,3611,4851,661
TOTAL LIABILITIES AND EQUITY:6,4565,6045,8412,8703,0112,555

Income statement (P&L) ($ in millions)

Revenue, net539510234482447329
Cost of revenue
(Cost of Goods and Services Sold)
Other undisclosed gross profit(398)(377)(221)(420)(376)(361)
Gross profit:137120(3)2539(31)
Operating expenses   (247)(211)(213)
Other undisclosed operating income   417353381
Operating income (loss):137120(3)195181137
Nonoperating income (expense)(4)5 (34)29(15)
Investment income, nonoperating(4)5 0  
Interest and debt expense(104)(96)(44)(56)(48)(37)
Other undisclosed loss from continuing operations before equity method investments, income taxes (7)(1)(115)(93)(131)
Income (loss) from continuing operations before equity method investments, income taxes:2922(48)(9)68(46)
Income from equity method investments48  29124
Other undisclosed loss from continuing operations before income taxes(39)     
Income (loss) from continuing operations before income taxes:3922(48)2080(42)
Income tax expense (benefit)1(3)(2)(1)(0)(0)
Income (loss) from continuing operations:3919(50)1980(43)
Income (loss) from discontinued operations(0)51 3(0)
Income (loss) before gain (loss) on sale of properties:3924(50)1983(43)
Other undisclosed net income4791   
Net income (loss):8633(49)1983(43)
Net income (loss) attributable to noncontrolling interest(1)(0)1 (0)0
Net income (loss) attributable to parent:8533(48)1983(43)
Other undisclosed net loss available to common stockholders, basic(6)(6)(6)   
Net income (loss) available to common stockholders, diluted:7927(54)1983(43)

Comprehensive Income ($ in millions)

Net income (loss):8633(49)1983(43)
Other comprehensive income (loss)172(2)(28)13 
Other undisclosed comprehensive income     15
Comprehensive income (loss):10335(51)(9)97(28)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)1 0(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (0)0
Comprehensive income (loss), net of tax, attributable to parent:10335(50)(9)96(28)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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