secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001600626-22-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000077/0001600626-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000077/gcnl-20220811.htm
  HTML page:      https://secwatch.observer/filing/0001600626-22-000077

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