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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