earnings
confidence high
sentiment negative
materiality 0.80
Peakstone Realty Trust posts $452.4M net loss in Q2, impairment $397.4M, AFFO $0.73
Peakstone Realty Trust
2023-Q2 EPS reported
-$11.43
revenue$129,513,000
- Revenue $62.5M, down 49% YoY; net loss attributable to common $(416.5M), $(11.59)/share.
- Non-cash office asset impairment $397.4M; FFO $(0.27)/share, AFFO $0.73/share.
- Sold five office properties in Q2 for $130.8M, YTD total $300.4M; deleveraging continues.
- Dividend maintained at $0.225/share; Board approved $200M ATM offering program post-quarter.
- Liquidity $394.6M ($360.6M cash, $34M revolver); total consolidated debt $1.5B.