secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K/A
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001140361-24-045482
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peakstone Realty Trust amends pro forma financials; depreciation corrected to $87.4M (9mo 2024) and $137.2M (FY2023)
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- Filed 8-K/A to correct pro forma depreciation: nine months ended Sep 30, 2024 updated from $80.8M to $87.4M; year ended Dec 31, 2023 from $128.0M to $137.2M.
- Changes reflect conforming adjustments related to the $490M acquisition of 51 industrial outdoor storage properties from Alterra Property Group.
- Acquisition funded with $280M revolver draw and $213.3M cash; later obtained $175M term loan and $110.3M in mortgage loans.
- Pro forma balance sheet as of Sep 30, 2024 shows total assets of $2.88B, debt of $1.56B, and equity of $1.13B.
- Pro forma net loss attributable to common shareholders: $37.5M for 9mo 2024 ($1.04 per share) and $577.3M for FY2023 ($16.04 per share).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000114036124045482/0001140361-24-045482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000114036124045482/ef20038239_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045482

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