PKST Q3 net loss $127.6M on $129.3M office JV impairment; AFFO $0.78

Peakstone Realty Trust

2023-Q3 EPS reported -$14.97 revenue$191,226,000

Net loss attributable to common shareholders $(127.6)M ($(3.55)/share) vs $(111.2)M loss a year ago; includes $129.3M non-cash impairment of office JV interest.
Revenue $61.7M, down 39% from $101.3M a year ago, driven by sale of 48 properties in 2022 and 9 in 2023 YTD.
AFFO $0.78 per share/unit (down from $1.08); Same Store Cash NOI $48.1M, up 3% YoY.
Portfolio 96.4% leased; 73 properties; 60.1% of annualized base rent from investment-grade tenants.
YTD property sales gross proceeds ~$309M; liquidity ~$517M (cash $364.4M + $152.1M revolver); Q4 dividend $0.225/share.

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 0.9

Peakstone Realty Trust reported the quarter ended September 30, 2023 results: revenue approximately $61.7 million, net income net loss of approximately $(139.9) million; net loss attributable to common shareholders of approximately $(127.6) milli, EPS $(3.55) per basic and diluted share.

Period: the quarter ended September 30, 2023
Revenue: approximately $61.7 million
Net income: net loss of approximately $(139.9) million; net loss attributable to common shareholders of approximately $(127.6) milli
EPS: $(3.55) per basic and diluted share
Result: reported results

Exact text from the filing

revenue of approximately $61.7 million. • Net loss of approximately $(139.9) million; net loss attributable to common shareholders of approximately $(127.6) million, or $(3.55) per basic and diluted share.

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Source: SEC EDGAR

accession 0001600626-23-000148

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