earnings
confidence high
sentiment neutral
materiality 0.70
Peakstone Realty Trust Q2 2024: Net loss $(0.11)/sh, AFFO $0.70, credit facility extended
Peakstone Realty Trust
2024-Q2 EPS reported
$0.03
revenue$115,179,000
- Revenue $56.0M vs $62.5M YoY; net loss $(3.8)M or $(0.11)/sh vs $(416.5)M loss prior year.
- AFFO $27.6M ($0.70/sh) vs $28.7M ($0.73/sh) YoY; Same Store Cash NOI up 1.7% to $44.2M.
- Completed 546K sq ft leasing in H1; signed 304,600 sq ft extension in Columbus, OH.
- Amended credit facility: $907M facility, extended maturities to 2028, weighted avg rate 3.67% pro forma.
- Board declared $0.225/sh dividend payable Oct 17, 2024, unchanged from prior quarter.