Loading...
•
Sep 30, 2022
Peakstone Q3 2022 Earnings Report
Reported a net loss due to the net loss on disposition of assets, primarily driven by the Office Portfolio Sale, but the portfolio demonstrated resilience amidst challenging conditions.
Key Takeaways
Griffin Realty Trust reported a decrease in revenue and a net loss for the quarter ended September 30, 2022. Revenue decreased by 15.9% to $101.3 million, and net loss attributable to common stockholders was $(111.2) million, compared to a net income of $2.5 million in the same quarter last year. The company completed the sale of a majority interest in a 41-property office portfolio and used the proceeds to pay down approximately $1.0 billion of outstanding debt.
Revenue decreased 15.9% to $101.3 million compared to the same quarter last year.
Net loss attributable to common stockholders was $(111.2) million, compared to $2.5 million for the same quarter last year.
AFFO available to common stockholders and limited partners was $0.12 per basic and diluted share.
Completed the sale of a majority interest in a 41-property portfolio for approximately $1.1 billion and paid down approximately $1.0 billion of outstanding debt.
Forward Guidance
The strategic monetization plan aims to provide liquidity and maximize stockholder value amid challenging capital markets.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...