NYSE$PKST

Peakstone Realty Trust · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter results, completed leasing at significant spreads and reduced Other Segment.

Peakstone Realty Trust reported revenue of approximately $55.0 million and a net loss of approximately $(26.5) million for the quarter ended September 30, 2024. The company completed 147,400 square feet of leasing at a weighted average 47% GAAP and 29% cash releasing spread and sold four properties for approximately $40 million.

  • Revenue of approximately $55.0 million.
  • Net loss of approximately $(26.5) million; net loss attributable to common shareholders of approximately $(24.4) million, or $(0.67) per basic and diluted share.
  • Completed 147,400-square-feet of leasing at a weighted average 47% GAAP and 29% cash releasing spread.
  • Sold four properties for approximately $40 million.

Headline financials

Total Revenue

$55M

Previous: $61.7M-10.9%
EPS (adj)

$0.65

Previous: $0.78-16.7%
Capital Expenditures

-$3.58M

Previous: -$9.1M+60.6%
Free Cash Flow

-$28M

Previous: -$137M+79.5%
Net Income

-$24.4M

Previous: -$128M+80.9%
Operating Income

-$31M

Previous: $13.5M-330.7%
Gross Profit

$55M

Previous: $61.7M-10.9%
Cash & Equivalents

$242M

Previous: $364M-33.7%
Total Assets

$2.44B

Previous: $2.84B-13.9%
Stock-Based Comp

$2.03M

Previous: $2.44M-17.1%

Revenue & EPS history

Peakstone · Revenue · Quarterly

$55M

Q3 2024-10.9%vs Q3 2023
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Peakstone · $8.3M total across 1 segment · Q3 2023

  • Other NOI
    $8.3M

Forward guidance

The Company amended and extended its credit facility further improving its financial flexibility and solidifying its long-term debt profile.

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 Q3 2024

Historical avgQ3 2024

-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

Earnings price reactions
QuarterReport dateReaction (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%
Q3 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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