Peakstone Realty Trust reported a decrease in revenue compared to the same quarter last year, primarily due to the disposition of properties. However, the company successfully executed several key items in its business plan, including amending the revolving credit facility, redeeming preferred shares, and listing common shares on the New York Stock Exchange. The company is focused on achieving an investment-grade rating by continuing to improve its balance sheet.
Revenue was approximately $67.0 million.
Net income attributable to common shareholders was approximately $6.0 million, or $0.17 per basic and diluted share.
Same Store Cash Net Operating Income was approximately $48.4 million.
Sold three properties for $169.6 million of gross disposition proceeds.
The company is focused on achieving an investment grade rating by continuing to improve its balance sheet. The company's high-quality, resilient portfolio generates ample free cash flow, and it has no significant debt maturities. The company is committed to maximizing value for all its shareholders.
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