earnings
confidence high
sentiment neutral
materiality 0.60
Peakstone Q3 2024 rev $55M, net loss $24.4M ($0.67/sh), AFFO $0.65/sh, leasing spreads 47%/29%
Peakstone Realty Trust
2024-Q3 EPS reported
-$0.64
revenue$170,140,000
- Revenue $55.0M vs $61.7M YoY; Same Store Cash NOI $42.0M (-0.9%).
- Net loss to common shareholders $24.4M ($0.67/sh) vs $127.6M ($3.55/sh) YoY.
- AFFO $25.7M ($0.65/sh) vs $30.7M ($0.78/sh) YoY.
- Completed 147,400 sq ft leasing at 47% GAAP / 29% cash spreads; sold 4 properties for ~$40M.
- Declared $0.225/sh dividend payable Jan 17, 2025; credit facility amended, net debt/EBITDAre 6.2x.