secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001600626-24-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000160062624000073/0001600626-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000160062624000073/gcnl-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001600626-24-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer