Griffin Realty Trust Q2 net loss of $72.2M; revenue up 3.6% to $123.1M

Peakstone Realty Trust

2022-Q2 EPS reported -$0.22 revenue$239,262,000

Net loss attributable to common stockholders of $(72.2)M ($0.22 per share) vs income of $3.0M a year ago, driven by $75.6M impairment provision.
Revenue grew 3.6% to $123.1M; AFFO was $0.17 per basic/diluted share, up from $0.16.
Portfolio economic occupancy 92.7%; 100% rent collection for quarter and last two years.
NAV per share fell to $7.42 as of June 30, 2022 from $9.10 a year ago, primarily due to office asset fair value changes.
Subsequent to quarter, announced strategic monetization plan on August 5 to maximize liquidity and stockholder value.

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