NYSE$PKST
Peakstone Realty Trust · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Peakstone Realty Trust reported first quarter results, sold three properties for approximately $170 million, and continued deleveraging of the balance sheet.
Peakstone Realty Trust reported a decrease in revenue compared to the same quarter last year, primarily due to the disposition of properties. However, the company successfully executed several key items in its business plan, including amending the revolving credit facility, redeeming preferred shares, and listing common shares on the New York Stock Exchange. The company is focused on achieving an investment-grade rating by continuing to improve its balance sheet.
- Revenue was approximately $67.0 million.
- Net income attributable to common shareholders was approximately $6.0 million, or $0.17 per basic and diluted share.
- Same Store Cash Net Operating Income was approximately $48.4 million.
- Sold three properties for $169.6 million of gross disposition proceeds.
Headline financials
Revenue & EPS history
Peakstone · Revenue · Quarterly
$67M
Revenue by segment
Peakstone · $8.3M total across 1 segment · Q3 2023
- Other NOI$8.3M—100.0%
Forward guidance
The company is focused on achieving an investment grade rating by continuing to improve its balance sheet. The company's high-quality, resilient portfolio generates ample free cash flow, and it has no significant debt maturities. The company is committed to maximizing value for all its shareholders.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-0.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.3%
Avg return
30 days after
29%
6 / 21 earnings
Positive
+9.9%
Q1 2023
Best reaction
-12.5%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | -1.3% | -6.1% | -1.0% | |
| Q2 2025 | -12.5% | -10.6% | -1.7% | |
| Q1 2025 | +4.1% | +8.7% | +15.1% | |
| Q4 2024 | -2.3% | +2.4% | +23.5% | |
| Q3 2024 | +0.8% | +0.5% | +5.5% | |
| Q2 2024 | +2.7% | +1.1% | +17.3% | |
| Q1 2024 | -6.0% | +3.9% | -15.0% | |
| Q4 2023 | +2.9% | +4.1% | +17.9% | |
| Q3 2023 | +3.4% | +9.8% | +28.8% | |
| Q2 2023 | -2.5% | -3.9% | -14.3% | |
| Q1 2023 | +9.9% | +10.9% | +55.0% | |
| Q2 2022 | +0.0% | +0.0% | -53.7% | |
| Q4 2022 | +0.0% | +0.0% | -53.7% | |
| Q3 2022 | +0.0% | +0.0% | +0.0% | |
| Q1 2022 | +0.0% | +0.0% | -1.7% | |
| Q2 2021 | +0.0% | +0.0% | +0.0% | |
| Q4 2021 | +0.0% | +0.0% | +15.2% | |
| Q3 2021 | +0.0% | +0.0% | -9.0% | |
| Q1 2021 | +0.0% | +0.0% | -1.1% | |
| Q4 2020 | +0.0% | +0.0% | +0.0% | |
| Q2 2020 | +0.0% | +0.0% | +0.0% | |
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