Peakstone Realty Trust (PKST) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
, |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 391,802 | 233,180 | 168,618 | 168,954 | 54,830 | 28,623 | |||
| Cash and cash equivalents | 391,802 | 233,180 | 168,618 | 168,954 | 54,830 | 28,623 | |||
| Total current assets: | 391,802 | 233,180 | 168,618 | 168,954 | 54,830 | 28,623 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 33,736 | 35,453 | 39,482 | 39,935 | 41,347 | ✕ | |||
| Property, plant and equipment | 239,546 | 329,402 | 589,054 | 457,560 | 490,133 | 122,626 | |||
| Long-term investments and receivables | 178,647 | 34 | 11,028 | ||||||
| Long-term investments | 178,647 | 34 | 11,028 | ||||||
| Intangible assets, net (including goodwill) | 108,337 | 153,580 | 299,584 | 239,983 | 242,728 | ||||
| Goodwill | 78,647 | 94,678 | 229,948 | 229,948 | 229,948 | ||||
| Intangible assets, net (excluding goodwill) | 29,690 | 58,902 | 69,636 | 10,035 | 12,780 | ||||
| Deferred costs | 19,112 | 26,507 | 44,505 | 45,966 | 49,390 | ||||
| Total noncurrent assets: | 400,731 | 723,589 | 972,625 | 783,478 | 834,626 | 122,626 | |||
| Other undisclosed assets | 1,997,092 | 2,676,607 | 4,131,774 | 3,199,418 | 3,286,046 | 986,086 | |||
| TOTAL ASSETS: | 2,789,625 | 3,633,376 | 5,273,017 | 4,151,850 | 4,175,502 | 1,137,335 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,805 | ||||||||
| Interest and dividends payable | ✕ | ✕ | ✕ | 2,805 | |||||
| Total current liabilities: | 2,805 | ||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 16,023 | 20,658 | 30,626 | 27,333 | 31,805 | 46,229 | |||
| Off-market lease, unfavorable | 16,023 | 20,658 | 30,626 | 27,333 | 31,805 | 46,229 | |||
| Total noncurrent liabilities: | 16,023 | 20,658 | 30,626 | 27,333 | 31,805 | 46,229 | |||
| Other undisclosed liabilities | 1,569,889 | 1,626,583 | 2,740,960 | 2,384,600 | 2,271,784 | 534,436 | |||
| Total liabilities: | 1,585,912 | 1,647,241 | 2,771,586 | 2,411,933 | 2,303,589 | 583,470 | |||
| Temporary equity, carrying amount | 3,812 | 4,768 | 4,610 | 4,831 | 37,357 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,112,084 | 1,682,668 | 2,153,010 | 1,381,719 | 1,476,477 | 515,326 | |||
| Common stock | 36 | 36 | 325 | 230 | 228 | 76 | |||
| Additional paid in capital | 2,990,085 | 2,948,600 | 2,951,972 | 2,103,028 | 2,060,604 | 656,500 | |||
| Accumulated other comprehensive income (loss) | 25,817 | 40,636 | (18,708) | (48,001) | (21,875) | ||||
| Retained earnings (accumulated deficit) | (827,854) | (269,926) | 141,983 | 140,354 | 153,312 | (15,953) | |||
| Other undisclosed equity, attributable to parent | (1,076,000) | (1,036,678) | (922,562) | (813,892) | (715,792) | (125,297) | |||
| Equity, attributable to noncontrolling interest | 91,629 | 1,182 | |||||||
| Other undisclosed equity | 174,655 | 218,653 | 226,550 | 245,040 | |||||
| Total equity: | 1,203,713 | 1,857,323 | 2,371,663 | 1,608,269 | 1,721,517 | 516,508 | |||
| Other undisclosed liabilities and equity | 125,000 | 125,000 | 127,038 | 145,565 | |||||
| TOTAL LIABILITIES AND EQUITY: | 2,789,625 | 3,633,376 | 5,273,017 | 4,151,850 | 4,175,502 | 1,137,335 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 254,284 | 416,485 | 459,872 | 397,452 | 387,108 | 106,394 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 87,789 | |
| Operating lease, lease income | 219,600 | 343,300 | 378,300 | 314,100 | 291,400 | ✕ | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,154) | (52,451) | (61,259) | (57,461) | (55,301) | (7,382) | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 253,130 | 364,034 | 398,613 | 339,991 | 331,807 | 99,012 | ||
| Operating expenses | (618,258) | (452,828) | (363,452) | (324,368) | (308,846) | (89,518) | ||
| Other undisclosed operating income | 1,154 | 52,451 | 61,259 | 57,461 | 55,301 | 7,382 | ||
| Operating income (loss): | (363,974) | (36,343) | 96,420 | 73,084 | 78,262 | 16,876 | ||
| Nonoperating income (expense) | (24,982) | (22,386) | (966) | 212 | ||||
| Investment income, nonoperating | 212 | |||||||
| Loss, foreign currency transaction, before tax | (24,982) | (22,386) | (966) | |||||
| Interest and debt expense | (65,623) | (84,816) | (85,087) | (79,646) | (73,557) | (20,375) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (454,579) | (143,545) | 10,367 | (6,562) | 4,705 | (3,287) | ||
| Income (loss) from equity method investments | (176,767) | (9,993) | 8 | (6,523) | (5,307) | |||
| Income (loss) from continuing operations: | (631,346) | (153,538) | 10,375 | (13,085) | (602) | (3,287) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 10,375 | (13,085) | (602) | (3,287) | |
| Other undisclosed net income (loss) | 26,244 | (287,844) | 1,195 | 7,311 | 37,646 | |||
| Net income (loss): | (605,102) | (441,382) | 11,570 | (5,774) | 37,044 | (3,287) | ||
| Net income (loss) attributable to noncontrolling interest | 54,555 | 39,714 | (66) | 1,732 | (3,749) | 6 | ||
| Other undisclosed net loss attributable to parent | (7,381) | (10,241) | (9,875) | (8,916) | (8,508) | |||
| Net income (loss) attributable to parent: | (557,928) | (411,909) | 1,629 | (12,958) | 24,787 | (3,281) | ||
| Preferred stock dividends and other adjustments | (2,375) | (10,063) | (9,698) | (8,708) | (8,188) | |||
| Net income (loss) available to common stockholders, diluted: | (560,303) | (421,972) | (8,069) | (21,666) | 16,599 | (3,281) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (605,102) | (441,382) | 11,570 | (5,774) | 37,044 | (3,287) | ||
| Other comprehensive income (loss) | (16,215) | 65,062 | 32,449 | (29,704) | (22,520) | (952) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | (621,317) | (376,320) | 44,019 | (35,478) | 14,524 | (4,239) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 55,951 | 33,996 | (3,222) | 5,310 | (695) | 9 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (7,381) | (8,508) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (572,747) | (342,324) | 40,797 | (30,168) | 5,321 | (4,230) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.