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 was a real estate investment trust focused on owning and operating industrial assets, with a strategic emphasis on industrial outdoor storage. Company news has centered on its transition toward an industrial REIT, portfolio reshaping through office and select industrial property sales, quarterly operating results, leasing activity, debt and liquidity commentary, and tax treatment of common-share distributions.
Later updates also covered material agreements, shareholder voting matters, capital-structure disclosures and governance actions tied to completed merger transactions and related corporate-status changes.
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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