earnings
confidence high
sentiment negative
materiality 0.80
Peakstone Q2 net loss $265M on $286M office impairment; dividend cut to $0.10
Peakstone Realty Trust
2025-Q2 EPS reported
-$8.57
revenue$110,997,000
- Revenue $54.0M; net loss attributable to common shareholders $(265.3)M ($7.22/share) from $286.1M office impairment.
- Core FFO $0.60/unit, down from $0.65; AFFO $0.61/unit, down from $0.70 YoY.
- Same Store Cash NOI up 6.3% to $35.6M; industrial assets now 65% of net book value.
- Board approved Q3 dividend of $0.10/share (down 56% from $0.225 in Q2) payable Oct 17, 2025.
- Sold $182M of office properties in Q2 plus $24M subsequent; acquired two IOS properties for $52.4M post-quarter.
item 2.02item 9.01