GRIFFIN RLTY TRUST INC

Earnings data Q1 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Peakstone Realty Trust reports resilient Q3 performance amidst strategic shifts

Peakstone Realty Trust's Q3 performance reflects solid revenue generation and operational stability, despite an impairment charge impacting FFO.
The company's strengths lie in high portfolio occupancy, balance sheet resilience, and a strategic focus on shareholder value.
Challenges include managing costs to improve FFO and addressing leverage levels, while opportunities exist in market growth and portfolio optimization.
By capitalizing on opportunities and addressing challenges, Peakstone Realty Trust aims to drive sustainable growth and maximize shareholder returns.

Peakstone Realty Trust reports strategic successes amidst financial challenges

Peakstone Realty Trust's Q4 2023 performance reflects strategic successes amidst financial challenges, with a focus on future growth opportunities.
Strong leasing activity, a healthy balance sheet, and management's optimism position the company well for navigating market dynamics.
Addressing challenges related to leverage and profitability while seizing growth opportunities will be crucial for Peakstone Realty Trust's future success.

Peakstone Realty Trust excels in Q1 2024, eyes industrial market growth

Peakstone Realty Trust's Q1 2024 performance reflects a strong focus on portfolio optimization, successful lease execution, and strategic asset dispositions. With a solid financial position and positive market outlook, the company is well-positioned to capitalize on opportunities in the industrial and office segments.

Peakstone Realty Trust reports solid Q2 performance and eyes growth

Peakstone Realty Trust's Q2 2024 performance showcased solid revenue and operational strength, supported by a successful credit facility amendment. While facing challenges such as a net loss, the company is well-positioned to capitalize on growth opportunities with a focus on portfolio enhancements and financial flexibility.

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Peakstone Realty Trust operates as a real estate investment trust. It owns and operates a geographically diversified portfolio of strategically-located, corporate office, and industrial properties that are primarily net-leased to single tenants that have determined to be creditworthy. The company was founded in 2009 and is headquartered in El Segundo, CA.

Peakstone Realty Trust is paying out a 5.7% dividend yield that's 347% covered by AFFO from its most recent quarter. The REIT only went public last year and is up markedly from its listing price. Disposals of its single tenant office buildings are being closed at significant losses with the portfolio in a state of heavy flux.

Peakstone Realty Might Need To Choose Between Industrial And Office Properties

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights Revenue of approximately $61.7 million. Net loss of approximately $(139.9) million; net loss attributable to common share.

Peakstone Realty Trust Reports 2023 Third Quarter Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (NYSE: PKST) (“Peakstone” or the “Company”), a real estate investment trust (REIT) focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its third quarter 2023 financial results after the market closes on Thursday, November 9, 2023. Peakstone will host a webcast to present the results on Thursday, November 9, 2023 at 5:00 p.m. E.

Peakstone Realty Trust Announces Date for Third Quarter 2023 Earnings Release and Webcast

Peakstone Realty is a new REIT that owns 73 properties, totaling 18.2 million square feet of rentable industrial and office space. The company focuses on acquiring industrial properties and selectively disposing of its office holdings. PKST faces significant debt maturities in 2025 and 2026, and falling revenues in the near term.

Peakstone Realty: Past Its Twin Peaks

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (“Peakstone” or the “Company”) (NYSE: PKST), a real estate investment trust (REIT) focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced that the Company's Board of Trustees has approved a distribution for the quarter ended September 30, 2023 in the amount of $0.225 per common share that is payable on October 17, 2023 to holders of record of th.

Peakstone Realty Trust Announces Quarterly Distribution

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenue of approximately $62.5 million. Net loss of approximately $(452.4) million; net loss attributable to common sharehold.

Peakstone Realty Trust Reports 2023 Second Quarter Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (NYSE: PKST) (“Peakstone” or the “Company”), a real estate investment trust (REIT) focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its second quarter 2023 financial results after the market closes on Tuesday, August 8, 2023. Peakstone will host a webcast to present the results on Tuesday, August 8, 2023 at 5:00 p.m. Easter.

Peakstone Realty Trust Announces Date for Second Quarter 2023 Earnings Release and Webcast

Peakstone Realty Trust's heavy exposure to single-tenant office properties makes it a risky investment due to the potential costs of converting these spaces for multi-tenant use. PKST stock appears overvalued, with potential downside ranging from 27% to 67% depending on the assumed net asset value. The uncertain future demand for office space in a hybrid work environment and lack of positive catalysts for PKST make it an unattractive investment option.

Peakstone Realty: Steer Clear Of This Single-Tenant Net Lease Office REIT

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights Revenue of approximately $67.0 million. Net income of approximately $9.0 million; net income attributable to common sharehold.

Peakstone Realty Trust Reports 2023 First Quarter Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (“Peakstone” or the “Company”), a real estate investment trust (REIT) focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its first quarter 2023 financial results after market close on Tuesday, May 9, 2023. Peakstone will host a webcast to present the results on Tuesday, May 9, 2023 at 5:00 p.m. Eastern Time. To listen to the.

Peakstone Realty Trust Announces Date for First Quarter 2023 Earnings Release and Webcast

As a REIT specialist, it is my duty to not just discuss the opportunities but to highlight the dangers. Peakstone Realty Trust is among the more dangerous I have seen lately.

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News for GRIFFIN RLTY TRUST INC Stock (PKST)