NYSE$PKST
Peakstone Realty Trust · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Peakstone Realty Trust reported second quarter results, selling five properties for $130.8 million and increasing year-to-date sales to over $300 million, while continuing deleveraging of balance sheet.
Peakstone Realty Trust reported a revenue of $62.5 million for the second quarter of 2023. The company experienced a net loss of $(452.4) million, primarily due to non-cash impairments, property dispositions, and non-recurring expenses. Despite the net loss, the company's portfolio occupancy increased to 96%, and it continued to execute its disposition and deleveraging strategy.
- Revenue was approximately $62.5 million.
- Net loss was approximately $(452.4) million, or $(11.59) per basic and diluted share, impacted by non-cash impairments, property dispositions, and non-recurring expenses.
- Adjusted Funds from Operation (AFFO) was $0.73 per basic and diluted share/unit.
- Portfolio occupancy increased to 96% based on rentable square feet.
Headline financials
Revenue & EPS history
Peakstone · Revenue · Quarterly
$62.5M
Revenue by segment
Peakstone · $62.5M total across 1 segment · Q2 2023
- Rental Income$62.5M—100.0%
Forward guidance
The company did not provide specific forward guidance in this earnings report.
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 Q2 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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