secwatch / observer

Peakstone Realty Trust — fact timeline

Source-grounded facts extracted from Peakstone Realty Trust's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PKST Peakstone Realty Trust JSON
Equity Issuances

Peakstone Realty Trust issued 125 shares of preferred stock to unknown for $125,000.

“On May 6, 2026, following the Company Conversion (as defined below), the Converted Company issued 125 shares of 12.0% Series A Redeemable Cumulative Preferred Stock, par value $0.001 per share (“ Series A Preferred Stock ”), for aggregate consideration of $125,000.”
Governance Changes

Peakstone Realty Trust: Adoption of new bylaws upon conversion to a Maryland corporation on May 6, 2026 (effective 2026-05-06).

“and the bylaws in the form attached hereto as Exhibit 3.4 became the bylaws of the Converted Company.”
Governance Changes

Peakstone Realty Trust: Adoption of new Articles of Incorporation upon conversion to a Maryland corporation on May 6, 2026 (effective 2026-05-06).

“Pursuant to the Company Conversion, the Articles of Incorporation in the form attached hereto as Exhibit 3.3 became the Articles of Incorporation of the Converted Company”
Governance Changes

Peakstone Realty Trust: Amendment and restatement of the bylaws at the Company Merger Effective Time.

“In addition, at the Company Merger Effective Time, the bylaws of the Company that were in effect immediately prior to the Company Merger Effective Time were amended and restated in their entirety in the form attached hereto as Exhibit 3.2 and became the bylaws of the Surviving Company.”
Governance Changes

Peakstone Realty Trust: Amendment and restatement of the declaration of trust at the Company Merger Effective Time.

“At the Company Merger Effective Time, the declaration of trust of the Company that was in effect immediately prior to the Company Merger Effective Time was amended and restated in its entirety in the form attached hereto as Exhibit 3.1 and became the declaration of trust of the Surviving Company.”
Material Agreements

Peakstone Realty Trust entered into Agreement and Plan of Merger with BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P. and BSREP V Brookfield Neon Sub L.P. (collectively, Parent); Neon REIT Merger Sub LLC; Neon OP Merger Sub LLC (effective 2026-02-02).

“Agreement and Plan of Merger On February 2, 2026, Peakstone Realty Trust, a Maryland real estate investment trust (the “ Company ”), PKST OP, L.P., a Delaware limited partnership and a majority owned subsidiary of the Company (the “ Operating Partnership ” and, together with the Company, the “ Company Parties ”), BSREP V Neon Pooling REIT L.P., BSREP V Neon Pooling Non-REIT L.P.”
M&A Transactions

Peakstone Realty Trust completed an acquisition involving certain subsidiaries of IOS JV, LLC, a joint venture between Alterra IOS and institutional investors advised by J.P. Morgan Asset Management for approximately $490.0 million (closed 2024-11-04).

“”) situated on 440 usable acres across 14 states (the “ Acquisition ”). The aggregate consideration paid by the Buyer Parties to acquire the Properties was approximately $490.0 million, subject to proration and certain adjustments described in the Purchase and Sale Agreement. The foregoing description is an abbreviated summary of certain provisions in the”

Bryan Yamasawa departed as Chief Accounting Officer at Peakstone Realty Trust.

“Effective November 4, 2024, Bryan Yamasawa will cease serving as the Company’s Chief Accounting Officer but will remain an at-will employee to provide such transition and advisory services as requested by the Company through November 15, 2024”

Cindy (Qiyan) Mai was appointed as Chief Accounting Officer at Peakstone Realty Trust.

“On November 4, 2024, the Company appointed Cindy (Qiyan) Mai as the Company’s Chief Accounting Officer.”
Earnings Releases

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.

“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”
Earnings Releases

Peakstone Realty Trust reported the fiscal year ended December 31, 2023 results: revenue approximately $254.3 million, net income approximately $(557.9) million, EPS $(15.50) per basic and diluted share.

“Full Year 2023 Highlights • Revenue of approximately $254.3 million. • Net loss attributable to common shareholders of approximately $(557.9) million, or $(15.50) per basic and diluted share.”
Earnings Releases

Peakstone Realty Trust reported the quarter ended December 31, 2023 results: revenue approximately $63.1 million, net income approximately $(19.9) million, EPS $(0.55) per basic and diluted share.

“Fourth Quarter 2023 Highlights • Revenue of approximately $63.1 million. • Net loss of approximately $(21.8) million; net loss attributable to common shareholders of approximately $(19.9) million, or $(0.55) per basic and diluted share.”

Louis K. Sohn departed as Executive Vice President at Peakstone Realty Trust.

“On November 16, 2023, Peakstone Realty Trust (the “Company”) terminated the employment of Louis K. Sohn, Executive Vice President of the Company, without cause, effective as of December 31, 2023”
Earnings Releases

Peakstone Realty Trust reported the quarter ended September 30, 2023 results: revenue approximately $61.7 million, net income net loss of approximately $(139.9) million; net loss attributable to common shareholders of approximately $(127.6) milli, EPS $(3.55) per basic and diluted share.

“revenue of approximately $61.7 million. • Net loss of approximately $(139.9) million; net loss attributable to common shareholders of approximately $(127.6) million, or $(3.55) per basic and diluted share.”

Scott Tausk was terminated as Executive Vice President at Peakstone Realty Trust.

“Mr. Tausk’s employment with the Company will terminate effective as of June 30, 2023”

Nina Momtazee Sitzer changed role as Chief Operating Officer and Chief Legal Officer at Peakstone Realty Trust.

“On June 20, 2023, the Board of Trustees (the “Board”) of Peakstone Realty Trust (the “Company”) promoted Ms. Nina Momtazee Sitzer, the Company’s Chief Legal and Administrative Officer, Executive Vice President – Operations, and Secretary, to Chief Operating Officer and Chief Legal Officer, effective June 23, 2023.”
Shareholder Votes

Peakstone Realty Trust shareholders approved Advisory (Non-Binding) Vote on the Compensation Paid to the Company's Named Executive Officers at the 2023-06-20 meeting.

“Proposal 3 – Advisory (Non-Binding) Vote on the Compensation Paid to the Company’s Named Executive Officers The Company’s shareholders approved, on an advisory (non-binding) basis, the compensation paid to the Company’s named executive officers, with the votes cast as follows: Votes For Votes Against Abstain Broker Non-Vote 5,263,441 1,418,007 672,134 13,501,184”
Shareholder Votes

Peakstone Realty Trust shareholders approved Election of Trustees at the 2023-06-20 meeting.

“Proposal 1 – Election of Trustees The Company’s shareholders elected the five nominated trustees identified below, each to serve and to hold office for a one-year term until the close of the Company’s next annual meeting of shareholders in 2024 and until their successors are duly elected and qualified, with the votes case as follows: Nominees Votes For Votes Withheld Broker Non-Vote Michael J. Escalante 6,363,704 989,878 13,501,184 Gregory M. Cazel 6,399,641 953,941 13,501,184 Carrie DeWees 6,428,788 924,794 13,501,184 Samuel Tang 6,399,700 953,882 13,501,184 Casey Wold 6,390,915 962,667 13,501,184”
Earnings Releases

Peakstone Realty Trust reported the quarter ended March 31, 2023 results: revenue approximately $67.0 million, net income approximately $9.0 million; net income attributable to common shareholders of approximately $6.0 million, or $0.17 per b, EPS $0.17 per basic and diluted share.

“industrial and office properties, today announced its financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights • Revenue of approximately $67.0 million. • Net income of approximately $9.0 million; net income attributable to common shareholders of approximately $6.0 million, or $0.17 per basic and diluted share. • Funds from”
Governance Changes

Peakstone Realty Trust: Filed Articles of Amendment to the charter to reflect automatic conversion of outstanding common shares into a single class and redemption of Series A preferred shares (effective 2023-04-13).

“On April 11, 2023, the Company filed Articles of Amendment to the Company’s charter (the “Articles of Amendment”) with the State Department of Assessments and Taxation of Maryland to reflect (i) the automatic conversion of the Company’s outstanding common shares into a single class and (ii) the redemption of the Company’s Series A Cumulative Perpetual Convertible Preferred Shares of Beneficial Interest. The Articles of Amendment became effective on April 13, 2023.”
Material Agreements

Peakstone Realty Trust terminated Series A Cumulative Perpetual Convertible Stock Purchase Agreement with SH Global Private Real Estate Trust No. 13(H) and Shinhan Asset Management Co., Ltd. (effective 2023-04-10).

“The Agreement also terminates the Series A Cumulative Perpetual Convertible Stock Purchase Agreement dated as of August 8, 2018, by and between the Company and the Investor (the “Purchase Agreement”), and provides that any rights and privileges afforded to the Investor under the Purchase Agreement are terminated and canceled and of no further force or effect”
Material Agreements

Peakstone Realty Trust entered into Redemption Agreement with SH Global Private Real Estate Trust No. 13(H) and Shinhan Asset Management Co., Ltd. valued at $125 million, plus accumulated and unpaid distributions of $2,375,868.06 (effective 2023-04-10).

“On April 10, 2023, Peakstone Realty Trust (the “Company”) entered into a Redemption Agreement (the “Agreement”) with SH Global Private Real Estate Trust No. 13(H) (the “Investor”) and Shinhan Asset Management Co., Ltd. Pursuant to the Agreement, the Company redeemed from the Investor all 5,000,000 shares of “Series A Cumulative Perpetual Convertible Preferred Stock” (the “Series A Preferred Shares”) held by the Investor in exchange for a redemption payment of $125 million, plus accumulated and unpaid distributions of $2,375,868.06 (the “Redemption Payment”)”
Earnings Releases

Peakstone Realty Trust reported the year ended December 31, 2022 results: revenue $416.5 million, net income $(411.9) million, EPS $(11.41) per basic and diluted share.

“• For the year, total revenue was approximately $ 416.5 million, which represents a $43.4 million decrease in rental income compared to the prior year primarily due to the Office Portfolio Sale. Net (Loss) Income • For the quarter, net (loss) attributable to common shareholders was approximately $(228.6) million, or $ (6.34) per basic and diluted share, compared to net income attributable to common shareholders of approximately $1.0 million, or $0.03 per basic and diluted share, for the same quarter last year, primarily due to the net loss on the disposition of office assets of $ (43.8) million and non-cash impairments of real estate of $( 41.3 ) million and goodwill of $(135.3) million. • For the year, net (loss) attributable to common shareholders was approximately $(411.9) million, or $(11.41) per basic and diluted share, compared to net income attributable to common shareholders of approximately $1.6 million, or $ 0.04 per basic and diluted share, for the prior year, primarily due”
Earnings Releases

Peakstone Realty Trust reported the quarter ended December 31, 2022 results: revenue $75.9 million, net income $(228.6) million, EPS $(6.34) per basic and diluted share.

“• For the quarter, total revenue was approximately $ 75.9 million, which represents a $43.2 million decrease in rental income compared to the same quarter last year primarily due to the Office Portfolio Sale. • For the year, total revenue was approximately $ 416.5 million, which represents a $43.4 million decrease in rental income compared to the prior year primarily due to the Office Portfolio Sale. Net (Loss) Income • For the quarter, net (loss) attributable to common shareholders was approximately $(228.6) million, or $ (6.34) per basic and diluted share, compared to net income attributable to common shareholders of approximately $1.0 million, or $0.03 per basic and diluted share, for the same quarter last year, primarily due to the net loss on the disposition of office assets of $ (43.8) million and non-cash impairments of real estate of $( 41.3 ) million and goodwill of $(135.3) million.”
Debt Financings

Peakstone Realty Trust incurred revolving credit of $400,000,000 with KeyBank National Association, as administrative agent, and various lending institutions.

“In connection with the Seventh Amendment, and as a condition to the effectiveness thereof, PKST OP prepaid the outstanding principal balance ($400,000,000) of the 2024 Term Loan (as defined in the Existing Credit Agreement). The prepayment was funded through a draw on the revolving credit facility portion of the Existing Credit Agreement.”
Debt Financings

Peakstone Realty Trust amended revolving credit with KeyBank National Association, as administrative agent, and various lending institutions maturing January 31, 2026.

“The Seventh Amendment amended the Existing Credit Agreement by, among other things: (i) permitting PKST OP to extend the Revolving Commitments (as defined in the Existing Credit Agreement) of each Revolving Lender (as defined in the Existing Credit Agreement) to January 31, 2026 (the “Subsequent Extension”);”
Material Agreements

Peakstone Realty Trust entered into Seventh Amendment to the Second Amended and Restated Credit Agreement with various lending institutions and KeyBank National Association, as administrative agent valued at Amendment extended revolving commitments to January 31, 2026, reduced tangible net worth covenant fr (effective 2023-03-21).

“On March 21, 2023, Peakstone Realty Trust (the “Company”), through PKST OP, L.P. (“PKST OP”), as borrower, certain subsidiaries of PKST OP party thereto as guarantors, various lending institutions and KeyBank National Association, as administrative agent, entered into the Seventh Amendment (the “Seventh Amendment”) to that certain Second Amended and Restated Credit Agreement dated as of April 30, 2019”
Governance Changes

Peakstone Realty Trust: Amended and restated bylaws to modify provisions for special meetings, advance notice, voting standard, shareholder consents, trustee removal, etc (effective 2023-03-14).

“On March 14, 2023, the Board amended and restated the existing bylaws of the Company (“Existing Bylaws”), effective as of, and subject to the occurrence of, the Listing.”

Carrie DeWees was appointed as Trustee at Peakstone Realty Trust.

“On March 14, 2023, the Board approved the appointments of Casey Wold and Carrie DeWees as trustees of the Company to fill two of the vacancies on the Board resulting from the Board resignations described above, subject to and effective immediately following the effectiveness of the above-described Board resignations and prior to the Listing.”

Casey Wold was appointed as Trustee and non-executive Chairman at Peakstone Realty Trust.

“On March 14, 2023, the Board approved the appointments of Casey Wold and Carrie DeWees as trustees of the Company to fill two of the vacancies on the Board resulting from the Board resignations described above, subject to and effective immediately following the effectiveness of the above-described Board resignations and prior to the Listing.”

J. Grayson Sanders resigned as Trustee at Peakstone Realty Trust.

“Kevin A. Shields, Kathleen S. Briscoe, Ranjit M. Kripalani, James F. Risoleo and J. Grayson Sanders each communicated his or her intention to resign from the Board of Trustees (the “Board”) of Peakstone Realty Trust (the “Company”), subject to, and effective immediately prior to, the listing of the Company’s common shares on the New York Stock Exchange (the “Listing”).”

James F. Risoleo resigned as Trustee at Peakstone Realty Trust.

“Kevin A. Shields, Kathleen S. Briscoe, Ranjit M. Kripalani, James F. Risoleo and J. Grayson Sanders each communicated his or her intention to resign from the Board of Trustees (the “Board”) of Peakstone Realty Trust (the “Company”), subject to, and effective immediately prior to, the listing of the Company’s common shares on the New York Stock Exchange (the “Listing”).”

Ranjit M. Kripalani resigned as Trustee at Peakstone Realty Trust.

“Kevin A. Shields, Kathleen S. Briscoe, Ranjit M. Kripalani, James F. Risoleo and J. Grayson Sanders each communicated his or her intention to resign from the Board of Trustees (the “Board”) of Peakstone Realty Trust (the “Company”), subject to, and effective immediately prior to, the listing of the Company’s common shares on the New York Stock Exchange (the “Listing”).”

Kathleen S. Briscoe resigned as Trustee at Peakstone Realty Trust.

“Kevin A. Shields, Kathleen S. Briscoe, Ranjit M. Kripalani, James F. Risoleo and J. Grayson Sanders each communicated his or her intention to resign from the Board of Trustees (the “Board”) of Peakstone Realty Trust (the “Company”), subject to, and effective immediately prior to, the listing of the Company’s common shares on the New York Stock Exchange (the “Listing”).”

Kevin A. Shields resigned as Trustee at Peakstone Realty Trust.

“Kevin A. Shields, Kathleen S. Briscoe, Ranjit M. Kripalani, James F. Risoleo and J. Grayson Sanders each communicated his or her intention to resign from the Board of Trustees (the “Board”) of Peakstone Realty Trust (the “Company”), subject to, and effective immediately prior to, the listing of the Company’s common shares on the New York Stock Exchange (the “Listing”).”
Governance Changes

Peakstone Realty Trust: Peakstone Realty Trust amended its charter to change its name from Griffin Realty Trust to Peakstone Realty Trust and to effect a one-for-nine reverse share split (effective 2023-03-10).

“On March 8, 2023, Peakstone Realty Trust (the “Registrant” or the “Company”) filed Articles of Amendment to the Registrant’s charter (the “Articles of Amendment”) with the State Department of Assessments and Taxation of Maryland to effect (a) a name change and (b) a one-for-nine reverse share split (the “Reverse Share Split”).”
Material Agreements

Peakstone Realty Trust amended Seventh Amended and Restated Limited Partnership Agreement of GRT OP, L.P. (effective 2023-02-23).

“On February 23, 2023, the Registrant completed an additional restructuring to restore the Registrant’s operating structure to its condition before the Prior Restructuring (the “Current Restructuring”). Pursuant to the Current Restructuring, the Operating Company merged with and into the Operating Partnership, with the Operating Partnership surviving the merger. In connection with the Current Restructuring, the Registrant entered into the Seventh Amended and Restated Limited Partnership Agreement of GRT OP, L.P., dated February 23, 2023 (the “Amended LPA”), which contains the same material terms as the Fifth Amended and Restated Limited Partnership Agreement of GRT OP, L.P., as amended (the “Fifth A&R LPA”).”
Governance Changes

Peakstone Realty Trust: Amended and restated bylaws primarily to reflect changes in form of organization (effective 2023-01-19).

“Effective January 19, 2023, Griffin Realty Trust (the “Registrant”) amended and restated its bylaws primarily to reflect changes made in connection with the change in the Registrant’s form of organization as described below.”
Shareholder Votes

Peakstone Realty Trust shareholders approved Approval of the adjournment of the annual meeting to a later date, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to approve the Conversion Proposal at the 2022-11-30 meeting.

“was approved by the following vote: Votes For: Votes Against: Votes Abstained: Adjournment 193,477,702 6,553,978 9,943,419 There were 24,741,829 broker non-votes with respect to Proposal 5.”
Shareholder Votes

Peakstone Realty Trust shareholders approved Advisory (non-binding) approval of the compensation paid to named executive officers at the 2022-11-30 meeting.

“by the following vote: Votes For: Votes Against: Votes Abstained: Approval of Say on Pay Vote 148,058,630 15,341,063 21,833,573 There were 24,741,829 broker non-votes with respect to Proposal 4.”
Shareholder Votes

Peakstone Realty Trust shareholders approved Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2022 at the 2022-11-30 meeting.

“was ratified by the following vote: Votes For: Votes Against: Votes Abstained: Ratification of Appointment of Ernst & Young LLP 198,938,723 3,399,798 7,636,576 There were no broker non-votes with respect to Proposal 3.”
Shareholder Votes

Peakstone Realty Trust shareholders approved Election of eight directors to the board of directors at the 2022-11-30 meeting.

“All of the nominees were elected to serve as directors of the Registrant by the following vote: Votes For: Votes Against: Votes Abstained: Kevin A. Shields 168,014,991 4,773,532 12,444,745 Michael J. Escalante 167,460,171 5,272,208 12,500,888 Kathleen S. Briscoe 167,014,993 4,978,475 13,239,798 Gregory M. Cazel 167,509,076 4,985,456 12,738,734 Ranjit M. Kripalani 166,955,328 5,474,464 12,803,477 James F. Risoleo 166,458,837 5,270,335 13,504,092 J. Grayson Sanders 167,333,608 5,213,858 12,685,803 Samuel Tang 167,295,060 5,278,310 12,659,901 There were 24,741,829 broker non-votes with respect to Proposal 2.”
Shareholder Votes

Peakstone Realty Trust shareholders approved Conversion of the Registrant from a Maryland corporation to a Maryland real estate investment trust at the 2022-11-30 meeting.

“was approved by the following vote: Votes For: Votes Against: Votes Abstained: Approval of Conversion Proposal 168,336,245 9,139,714 7,757,308 There were 24,741,829 broker non-votes with respect to Proposal 1.”
Material Agreements

Peakstone Realty Trust amended Sixth Amendment with various lending institutions and KeyBank National Association, as administrative agent (effective 2022-11-30).

“On November 30, 2022, Griffin Realty Trust, Inc. (the "Registrant"), through GRT OP, L.P. ("GRT OP"), as borrower, certain subsidiaries of GRT OP party thereto as guarantors, various lending institutions and KeyBank National Association, as administrative agent, entered into the Sixth Amendment (the "Sixth Amendment") to that certain Second Amended and Restated Credit Agreement dated as of April 30, 2019, as amended by that certain First Amendment to the Second Amended and Restated Credit Agreement dated as of October 1, 2020, the Second Amendment to the Second Amended and Restated Credit Agreement dated as of December 18, 2020, the Third Amendment to the Second Amended and Restated Credit Agreement dated as of July 14, 2021, the Fourth Amendment to the Second Amended and Restated Credit Agreement dated as of April 28, 2022 and the Fifth Amendment to the Second Amended and Restated Credit Agreement dated as of September 28, 2022 (collectively, the "Existing Credit Agreement").”
Earnings Releases

Peakstone Realty Trust reported the quarter ended September 30, 2022 results: revenue approximately $101.3 million, net income $(111.2) million, EPS $(0.34) per basic and diluted share.

“Revenue Total revenue decreased 15.9% to approximately $101.3 million for the quarter ended September 30, 2022, a decrease of $19.3 million compared to the same quarter last year, primarily driven by a $14.3 million decrease in rental income due to the Office Portfolio Sale. Net Income (Loss) Net income (loss) attributable to common stockholders was approximately $(111.2) million, or $(0.34) per basic and diluted share, for the quarter ended September 30, 2022, compared to net income (loss) attributable to common stockholders of approximately $2.5 million, or $0.01 per basic and diluted share, for the quarter ended September 30, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.