Peakstone Q1: Net income $0.17/sh, AFFO $0.68; sold $170M properties, paid $400M term loan

Peakstone Realty Trust

2023-Q1 EPS reported $0.17 revenue$66,973,000

Revenue $67.0M; net income attributable to common shareholders $6.0M ($0.17 per share).
FFO $0.37/sh and AFFO $0.68/sh per share/unit; Same Store Cash NOI $48.4M.
Sold three properties for $169.6M gross; recorded net gain of $30.6M.
Paid off $400M term loan and $19.1M secured loan; extended revolver to Jan 2026.
Subsequent: redeemed all Series A preferred shares for $125M; common shares listed on NYSE Apr 13.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Peakstone Realty Trust reported the quarter ended March 31, 2023 results: revenue approximately $67.0 million, net income approximately $9.0 million; net income attributable to common shareholders of approximately $6.0 million, or $0.17 per b, EPS $0.17 per basic and diluted share.

Period: the quarter ended March 31, 2023
Revenue: approximately $67.0 million
Net income: approximately $9.0 million; net income attributable to common shareholders of approximately $6.0 million, or $0.17 per b
EPS: $0.17 per basic and diluted share
Result: reported results

Exact text from the filing

industrial and office properties, today announced its financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights • Revenue of approximately $67.0 million. • Net income of approximately $9.0 million; net income attributable to common shareholders of approximately $6.0 million, or $0.17 per basic and diluted share. • Funds from

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Source: SEC EDGAR

accession 0001600626-23-000091

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