Highest-materiality recent filing
Brookfield completes $1.2B acquisition of Peakstone Realty Trust at $21.00/share
Peakstone shareholders received $21.00 per share in cash; total transaction value ~$1.2 billion.
Peakstone shareholders approve Brookfield merger; special meeting passes all proposals
Merger proposal approved: 21,848,801 for, 304,887 against, 288,066 abstain.
Peakstone Realty Trust agrees to $21/share cash merger with Brookfield; Q4 Core FFO $0.28
Merger with Brookfield at $21.00/share all cash, ~$1.2B enterprise value; 34% premium to Jan 30 close; expected close Q2 2026.
Brookfield to acquire Peakstone Realty Trust for $21/share, $1.2B enterprise value
All-cash transaction at $21.00/share; 34% premium to Jan 30 close, 46%/51% premiums to 30/90-day VWAP.
Peakstone Q3 2025: core FFO $0.48 vs $0.61 YoY; industrial ABR reaches 60% post-quarter
Revenue from continuing ops $25.8M (down 3.3% YoY); net income $3.5M vs loss $24.4M YoY.
Peakstone Realty Trust sells three properties for $177M; industrial ABR exceeds 50%
Sold two office properties and one flex industrial for ~$177M at a blended cap rate of 7.6%.
Peakstone Q2 net loss $265M on $286M office impairment; dividend cut to $0.10
Revenue $54.0M; net loss attributable to common shareholders $(265.3)M ($7.22/share) from $286.1M office impairment.
Peakstone Realty Trust Q1 2025 net loss $49.4M; advances shift to industrial REIT
Net loss attributable to common shareholders of $49.4M ($1.35/sh) vs net income $5.0M ($0.14) in Q1 2024.
Peakstone Q4 AFFO $0.65; acquires $490M IOS portfolio; divests $317M non-core in 2024
Q4 2024 revenue $57.9M; net income attributable to common shareholders $12.7M ($0.35/share).
Peakstone Realty Trust secures $175M term loan, appoints new CAO, closes $110M in mortgage loans
Entered $175M senior unsecured term loan (2027 Term Loan) maturing Oct 31, 2027, with one-year extension option, interest at SOFR+1.75% initially.
Peakstone Realty Trust acquires 51 IOS properties for $490M from Alterra/J.P. Morgan
Acquired 51 industrial outdoor storage properties on 440 usable acres across 14 states for $490M, funded via credit facility and cash.
Peakstone Q3 2024 rev $55M, net loss $24.4M ($0.67/sh), AFFO $0.65/sh, leasing spreads 47%/29%
Revenue $55.0M vs $61.7M YoY; Same Store Cash NOI $42.0M (-0.9%).
Peakstone Realty Trust Q2 2024: Net loss $(0.11)/sh, AFFO $0.70, credit facility extended
Revenue $56.0M vs $62.5M YoY; net loss $(3.8)M or $(0.11)/sh vs $(416.5)M loss prior year.
Peakstone Amends Credit Facility: $907M unsecured, extends maturities to 2028
Term loan reduced from $400M to $210M, maturity extended to July 2028.
Peakstone Realty Trust Q1: Revenue $59.2M (down 12%), AFFO $0.70, dividend $0.225
Revenue $59.2M (down from $67.0M YoY) due to strategic dispositions.
On November 4, 2024, the Company appointed Cindy (Qiyan) Mai as the Company’s Chief Accounting Officer.
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
Max materiality 1.00 · Median 0.70 · Most common event earnings