secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001600626-23-000148
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062623000148/0001600626-23-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062623000148/gcnl-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001600626-23-000148

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