Symbol: GOV
new symbol: OPI
Exchange: NASDAQ
Founded: 2009
HQ: Newton, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office
Externally Managed REIT
GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, D.C. market area that are leased to government and private sector tenants. GOV is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusett
Below are the latest GOV dividend details. Annualized Dividend projects the current dividend rate over a full year, while TTM Dividend shows the total dividends paid over the past 12 months. The Ex-Dividend Date is the cutoff to qualify for the next dividend, and the Dividend Date is when that payment is made.
Below are the most recent cash dividends paid by GOV. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| GOV | 2018-10-26 | 0.430 | --- | |||
| GOV | 2018-07-27 | 0.430 | --- | |||
| GOV | 2018-04-27 | 0.430 | --- | |||
| GOV | 2018-01-26 | 0.430 | --- | |||
| GOV | 2017-10-20 | 0.430 | --- | |||
| GOV | 2017-07-20 | 0.430 | --- | |||
| GOV | 2017-04-19 | 0.430 | --- | |||
| GOV | 2017-01-19 | 0.430 | --- | |||
| GOV | 2016-10-19 | 0.430 | --- | |||
| GOV | 2016-07-20 | 0.430 | --- | |||
| GOV | 2016-04-21 | 0.430 | --- | |||
| GOV | 2016-01-20 | 0.430 | 235.94% |
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.
Below are the FFO amounts, dividends, payout ratios, and P/FFO for the last two quarters for GOV. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio | Annualized P/FFO |
|---|---|---|---|---|---|---|
| 2018 | Q3 | Normalized FFO | $0.53 | $0.43 | 81.13% | 5.33x |
| 2018 | Q3 | FFO | $0.54 | $0.43 | 79.63% | 5.23x |
| 2018 | Q2 | FFO | $0.66 | $0.43 | 65.15% | 6x |
| 2018 | Q2 | Normalized FFO | $0.52 | $0.43 | 82.69% | 7.62x |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Sample of REIT’s Properties. Image Source - REIT’s website