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Sep 30, 2021
Peakstone Q3 2021 Earnings Report
Griffin Realty Trust, Inc. reported results for the quarter ended September 30, 2021.
Key Takeaways
Griffin Realty Trust, Inc. reported total revenue of approximately $120.6 million and net income attributable to common stockholders of $0.01 per basic and diluted share for the quarter ended September 30, 2021. The company collected 100% of contractual rent due and achieved a 94.4% occupancy rate.
Total revenue was approximately $120.6 million.
Net income attributable to common stockholders was $0.01 per basic and diluted share.
Adjusted Funds from Operations (AFFO) was $0.15 per basic and diluted share.
The company collected 100% of contractual rent due in the quarter and achieved a 100% rental collections rate for the last two years.
Forward Guidance
The company intends to balance strategic initiatives with opportunities for accretive growth, particularly in the industrial market. While our primary focus will be on industrial properties, we will selectively pursue acquisition opportunities for office properties leased to strong creditworthy tenants that offer attractive risk-adjusted returns.
Positive Outlook
- Strategic initiatives
- Opportunities for accretive growth
- Focus on industrial market
- Acquisition opportunities for office properties
- Attractive risk-adjusted returns
Challenges Ahead
- Ongoing COVID impacts
- Emerging inflationary headwinds
- Macro challenges
- Balance strategic initiatives
- Opportunities for accretive growth
Historical Earnings Impact
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Avg. Return Before/After Earnings
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