secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001600626-24-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062624000022/0001600626-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062624000022/gcnl-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001600626-24-000022

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