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Dec 31, 2023
Peakstone Q4 2023 Earnings Report
Reported financial results for the quarter and full year ended December 31, 2023.
Key Takeaways
Peakstone Realty Trust reported fourth-quarter revenue of approximately $63.1 million and a net loss of approximately $(21.8) million. The company sold two office properties for gross proceeds of $27.2 million and completed 1.05 million square feet of new leases and lease extensions. Same Store Cash Net Operating Income increased by 4.5% compared to the same quarter last year.
Revenue was approximately $63.1 million.
Net loss attributable to common shareholders was approximately $(19.9) million, or $(0.55) per basic and diluted share.
Adjusted Funds from Operations (“AFFO”) was $0.80 per basic and diluted share/unit.
Same Store Cash Net Operating Income (“Same Store Cash NOI”) was approximately $48.2 million, a 4.5% increase compared to the same quarter last year.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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