NYSE$PKST

Peakstone Realty Trust · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported financial results for the quarter and full year ended December 31, 2023.

Peakstone Realty Trust reported fourth-quarter revenue of approximately $63.1 million and a net loss of approximately $(21.8) million. The company sold two office properties for gross proceeds of $27.2 million and completed 1.05 million square feet of new leases and lease extensions. Same Store Cash Net Operating Income increased by 4.5% compared to the same quarter last year.

  • Revenue was approximately $63.1 million.
  • Net loss attributable to common shareholders was approximately $(19.9) million, or $(0.55) per basic and diluted share.
  • Adjusted Funds from Operations (“AFFO”) was $0.80 per basic and diluted share/unit.
  • Same Store Cash Net Operating Income (“Same Store Cash NOI”) was approximately $48.2 million, a 4.5% increase compared to the same quarter last year.

Headline financials

Total Revenue

$63.1M

Previous: $75.9M-16.9%
EPS (adj)

$0.80

Previous: -$97.66+100.8%
Total Same Store Cash NOI

$38.8M

No prior period
Industrial Same Store Cash NOI

$12.5M

No prior period
Office Same Store Cash NOI

$26.4M

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

-$21.8M

Previous: -$226M+90.4%
Operating Income

$1.09M

Previous: $2.44M-55.5%
Gross Profit

$25M

Previous: $60.5M-58.7%
Stock-Based Comp

$3.01M

Previous: $3.43M-12.4%

Revenue & EPS history

Peakstone · Revenue · Quarterly

$63.1M

Q4 2023-16.9%vs Q4 2022
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

No specific forward guidance was provided in the document.

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 Q4 2023

Historical avgQ4 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

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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