Peakstone Realty Trust Q4 AFFO $0.80, revenue $63.1M; full-year net loss $557.9M

Peakstone Realty Trust

2023-FY EPS reported -$15.50 revenue$254,284,000

Q4 2023 revenue $63.1M (down 17% YoY); net loss $(19.9)M or $(0.55)/share.
Full-year 2023: net loss $(557.9)M ($15.50/share); AFFO $118.1M ($2.99/unit) vs $4.81 in 2022.
Sold 11 properties in 2023 for $336M gross proceeds; leverage ratio improved to 6.2x from 7.7x.
Leased 1.05M sq ft at 26% GAAP and 9% cash releasing spreads; portfolio 96.4% leased.
Declared Q1 2024 dividend $0.225/share (unchanged); total liquidity $551M as of Dec 31, 2023.

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 fiscal year ended December 31, 2023 results: revenue approximately $254.3 million, net income approximately $(557.9) million, EPS $(15.50) per basic and diluted share.

Period: the fiscal year ended December 31, 2023
Revenue: approximately $254.3 million
Net income: approximately $(557.9) million
EPS: $(15.50) per basic and diluted share
Result: reported results

Exact text from the filing

Full Year 2023 Highlights • Revenue of approximately $254.3 million. • Net loss attributable to common shareholders of approximately $(557.9) million, or $(15.50) per basic and diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Peakstone Realty Trust reported the quarter ended December 31, 2023 results: revenue approximately $63.1 million, net income approximately $(19.9) million, EPS $(0.55) per basic and diluted share.

Period: the quarter ended December 31, 2023
Revenue: approximately $63.1 million
Net income: approximately $(19.9) million
EPS: $(0.55) per basic and diluted share
Result: reported results

Exact text from the filing

Fourth Quarter 2023 Highlights • Revenue of approximately $63.1 million. • Net loss of approximately $(21.8) million; net loss attributable to common shareholders of approximately $(19.9) million, or $(0.55) per basic and diluted share.

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Source: SEC EDGAR

accession 0001600626-24-000022

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