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Sep 30, 2024
Peakstone Q3 2024 Earnings Report
Announced third quarter results, completed leasing at significant spreads and reduced Other Segment.
Key Takeaways
Peakstone Realty Trust reported revenue of approximately $55.0 million and a net loss of approximately $(26.5) million for the quarter ended September 30, 2024. The company completed 147,400 square feet of leasing at a weighted average 47% GAAP and 29% cash releasing spread and sold four properties for approximately $40 million.
Revenue of approximately $55.0 million.
Net loss of approximately $(26.5) million; net loss attributable to common shareholders of approximately $(24.4) million, or $(0.67) per basic and diluted share.
Completed 147,400-square-feet of leasing at a weighted average 47% GAAP and 29% cash releasing spread.
Sold four properties for approximately $40 million.
Revenue by Segment
Forward Guidance
The Company amended and extended its credit facility further improving its financial flexibility and solidifying its long-term debt profile.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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