secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001600626-22-000118
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffin Realty Trust Q3 net loss $111.2M; revenue down 15.9% to $101.3M
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- Q3 revenue $101.3M vs $120.6M YoY; net loss $(111.2)M vs income $2.5M.
- AFFO per share $0.12, down from $0.15; driven by Office Portfolio Sale.
- Completed sale of 41-property office portfolio for ~$1.1B; invested $159.9M for 49% JV interest.
- Paid down $1.0B debt; extended $750M credit facility to June 2024 with three 3-month extensions.
- Net asset value per share fell to $7.42 from $9.10, driven by lower office property values.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000118/0001600626-22-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062622000118/gcnl-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001600626-22-000118

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