Welcome to our dedicated page for Peakstone Realty news (Ticker: PKST), a resource for investors and traders seeking the latest updates and insights on Peakstone Realty stock.
Peakstone Realty Trust (PKST) provides investors with comprehensive coverage of corporate developments through this centralized news resource. Track the REIT's latest leasing activity, portfolio expansions, and strategic initiatives in single-tenant industrial and office real estate markets.
This repository offers institutional and individual investors equal access to press releases, SEC filings, and market analysis. Find updates on industrial outdoor storage acquisitions, office property redevelopments, and tenant relationship developments across coastal and sunbelt markets.
Key content types include quarterly earnings reports, asset acquisition announcements, sustainability initiatives, and leadership updates. All materials maintain compliance with financial disclosure regulations while emphasizing the company's focus on creditworthy tenants and long-term lease structures.
Bookmark this page for real-time updates on PKST's growth in strategic industrial nodes and innovation-focused office markets. Combine our news feed with SEC filings and investor relations materials for complete market analysis.
Peakstone Realty Trust (NYSE: PKST), a real estate investment trust, announced its financial results for Q2 2024. The company reported revenue of approximately $56.0 million and a net loss of $(3.8) million, or $(0.11) per share. AFFO stood at $0.70 per share, and Same Store Cash NOI saw a 1.7% increase to $44.2 million.
Key developments include a 304,600 sq. ft. lease extension, bringing the total leasing activity for the first half of 2024 to 546,000 sq. ft., and the sale of a property for $8.7 million. The company's portfolio was 96.3% leased, with a weighted average lease term of 6.6 years.
Financially, the company extended its credit facility, reducing borrowing costs and increasing flexibility. Key details include a $907 million unsecured credit facility and an average interest rate of 3.67%.
The Board approved a dividend of $0.225 per share for Q3, payable on October 17, 2024.
Peakstone Realty Trust (NYSE: PKST) has successfully closed an amended and extended $907 million unsecured credit facility, demonstrating the strength of its balance sheet and high-quality portfolio. The facility includes a $547 million revolver and two term loans of $210 million and $150 million, with maturities extended to July 2028 for the revolver and larger term loan. The weighted average effective interest rate is 3.67%, inclusive of current floating to fixed SOFR interest rate swaps covering the entire outstanding balance of $750 million. CFO Javier Bitar emphasized that this amendment significantly extends the company's debt maturity profile and enhances financial flexibility, positioning Peakstone for future growth opportunities.
Peakstone Realty Trust (NYSE: PKST), a REIT specializing in high-quality, newer-vintage industrial and office properties, has announced its schedule for the second quarter 2024 earnings release. The company will disclose its financial results after market close on Thursday, August 8, 2024, followed by a webcast presentation at 5:00 p.m. Eastern Time the same day.
Investors can access the webcast in listen-only mode through the company's investor relations website. For those preferring phone access, domestic callers can use 1-877-407-9716, while international callers should dial 1-201-493-6779. A replay of the webcast will be available on Peakstone's website shortly after the live broadcast concludes.
Peakstone Realty Trust (PKST) reported its first-quarter 2024 results, highlighting revenue of approximately $59.2 million, net income of $5.5 million, and AFFO of $0.70 per share. The company completed 241,400 square feet of lease renewals with favorable spreads and sold four properties for $80 million. The portfolio consists of 67 properties, 96.3% leased, generating 64.6% of ABR from investment-grade tenants. PKST had $436 million in cash on hand and $160 million available under its revolving credit facility. The company paid a dividend of $0.225 per share and announced a webcast for the earnings release.
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