GRIFFIN RLTY TRUST INC

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

Peakstone Realty Trust reports mixed Q3 results, eyes industrial growth

Peakstone Realty Trust's Q3 performance reflects a mix of strengths and challenges, with a focus on financial stability and growth opportunities.
The company's proactive financial management, successful leasing outcomes, and optimism about industrial sector bode well for future prospects.
Addressing challenges such as cost management and debt levels will be crucial for sustaining profitability and capitalizing on growth opportunities.

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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 remains undervalued trading at 11.5% implied cap rate, and an adjusted net asset value of $23 per share implying a 78% upside. 56% of its Office portfolio's ABR comes from "sticky" leases, including headquarters and R&D facilities. Industrial properties realize 49% of their ABR from the locations that benefit from proximity to top US ports.

Peakstone Realty Trust: Deep Value Play

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust focused on owning and operating industrial assets, announced today that the Company has acquired a portfolio of 51 industrial outdoor storage (“IOS”) properties from a joint venture between Alterra IOS, and institutional investors advised by J.P. Morgan Asset Management in an off-market transaction valued at $490 million. The acquisition was funded by a combination of proceed.

Peakstone Realty Trust Acquires 51-Property Industrial Outdoor Storage Portfolio

Peakstone Realty Trust (NYSE:PKST ) Q3 2024 Results Conference Call October 30, 2024 5:00 PM ET Company Participants Mikayla Lynch - SVP, Corporate Finance & Strategy Mike Escalante - President & CEO Javier Bitar - CFO Conference Call Participants Farrell Granath - Bank of America Operator Good afternoon, and welcome to Peakstone Realty Trust's Third Quarter 2024 Earnings Webcast. All participant lines are in a listen-only mode.

Peakstone Realty Trust (PKST) Q3 2024 Earnings Call Transcript

Peakstone Realty Trust (PKST) came out with quarterly funds from operations (FFO) of $0.65 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to FFO of $0.78 per share a year ago.

Peakstone Realty Trust (PKST) Misses Q3 FFO and Revenue Estimates

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust that owns and operates 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, 2024. Michael Escalante, CEO commented, “As a result of our team's dedication and strategic approach, I am excited to announce that we have laid the groundwork for the next pha.

Peakstone Realty Trust Reports Third Quarter 2024 Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its third quarter 2024 financial results after the market closes on Wednesday, October 30, 2024. Peakstone will host a webcast to present the results on Wednesday, October 30, 2024 at 5:00 p.m. Eastern Time. To acc.

Peakstone Realty Trust Announces Date for Third Quarter 2024 Earnings Release and Webcast

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Peakstone Realty Trust (NYSE:PKST ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Mikayla Lynch - SVP, Corporate Finance & Strategy Michael Escalante - President & CEO Javier Bitar - CFO Conference Call Participants Farrell Granath - Bank of America Anthony Hau - Truist Securities Operator Greetings and welcome to Peakstone Realty Trust Second Quarter 2024 Earnings and Webcast Conference Call. At this time, all participants are in listen-only mode.

Peakstone Realty Trust (PKST) Q2 2024 Earnings Call Transcript

Peakstone Realty Trust (PKST) came out with quarterly funds from operations (FFO) of $0.70 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to FFO of $0.73 per share a year ago.

Peakstone Realty Trust (PKST) Q2 FFO and Revenues Miss Estimates

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust that owns and operates 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, 2024. “During the second quarter, we continued to proactively manage our balance sheet, optimize our portfolio composition, and achieve strong industrial releasing spreads. As a tes.

Peakstone Realty Trust Reports Second Quarter 2024 Results

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced the successful closing of an amended and extended $907 million unsecured credit facility, underscoring the strength of its balance sheet and high-quality portfolio. Key highlights of the amended facility include: Size/Term: $907 milli.

Peakstone Realty Trust Amends and Extends Credit Facility

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Peakstone will host a webcast to present the results on Thursday, August 8, 2024 at 5:00 p.m. Eastern Time. To access t.

Peakstone Realty Trust Announces Date for Second Quarter 2024 Earnings Release and Webcast

Peakstone Realty Trust (PKST) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO estimate revisions for the stock doesn't suggest further strength down the road.

Peakstone Realty Trust (PKST) Stock Jumps 5.8%: Will It Continue to Soar?

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U.S. equity markets climbed to record highs, while benchmark interest rates dipped to four-month lows as investors rotated from high-flying growth stocks into beaten-down value names following a cooler-than-expected CPI report. Headline CPI declined 0.1% month-over-month, which dragged the annual increase to below 3% for the first time since March 2021, while CPI ex-Shelter is again below the Fed's 2% target. Combined with recent softness in employment data and relatively dovish Fed commentary, markets now see at least two Fed rate cuts this year, with September now viewed as a near-lock.

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Peakstone Realty Trust is a newly IPO'd REIT with a short track record, going public in 2023. Despite a decline in performance and share price, PKST is focusing on optimizing their portfolio towards industrial properties and strengthening their balance sheet. As a result of their near 50% share price decline, the 8.25% dividend yield may be an attractive opportunity for riskier investors.

Peakstone Realty Trust: Down Nearly 50% YTD, Is Now A Good Time To Buy?

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Peakstone Realty Trust (PKST) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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Peakstone Realty Trust (NYSE:PKST ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Mikayla Lynch - Head, IR Michael Escalante - President & Chief Executive Officer Javier Bitar - Chief Financial Officer Conference Call Participants Farrell Granath - Bank of America Operator Greetings and welcome to Peakstone Realty Trust First Quarter 2024 Earnings Webcast. At this time, all participants are in listen-only mode.

Peakstone Realty Trust (PKST) Q1 2024 Earnings Call Transcript

Peakstone Realty Trust (PKST) came out with quarterly funds from operations (FFO) of $0.70 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to FFO of $0.68 per share a year ago.

Peakstone Realty Trust (PKST) Lags Q1 FFO and Revenue Estimates

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates 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, 2024. “As we mark our first-year anniversary as a listed company, we are proud to reaffirm our commitment to execute on our strategic plan aimed at bolstering our balance.

Peakstone Realty Trust Reports First Quarter 2024 Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its first quarter 2024 financial results after the market closes on Tuesday, May 7, 2024. Peakstone will host a webcast to present the results on Tuesday, May 7, 2024 at 5:00 p.m. Eastern Time. To access the webcas.

Peakstone Realty Trust Announces Date for First Quarter 2024 Earnings Release and Webcast

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