Peakstone Realty Trust Q1: Revenue $59.2M (down 12%), AFFO $0.70, dividend $0.225

Peakstone Realty Trust

2024-Q1 EPS reported $0.14 revenue$59,227,000

Revenue $59.2M (down from $67.0M YoY) due to strategic dispositions.
Net income attributable to common shareholders $5.0M ($0.14/share) vs $6.0M ($0.17) YoY.
AFFO $0.70 per share/unit vs $0.68 YoY; Same Store Cash NOI up 0.7% to $44.8M.
Leased 241,400 sq ft extensions at 27% GAAP/13% cash releasing spreads; sold 4 properties for ~$80M.
Liquidity ~$600M ($436M cash + $160M undrawn revolver); dividend maintained at $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 0.95

Peakstone Realty Trust reported the quarter ended March 31, 2024 results: revenue approximately $59.2 million, net income approximately $5.5 million, EPS $0.14 per basic and diluted share.

Period: the quarter ended March 31, 2024
Revenue: approximately $59.2 million
Net income: approximately $5.5 million
EPS: $0.14 per basic and diluted share
Result: reported results

Exact text from the filing

portfolio. We remain committed to positioning the Company for sustained success and value creation in the years ahead.” First Quarter 2024 Highlights • Revenue of approximately $59.2 million. • Net income of approximately $5.5 million; net income attributable to common shareholders of approximately $5.0 million, or $0.14 per basic and diluted share. • Adjusted Funds

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Source: SEC EDGAR

accession 0001600626-24-000073

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