Peakstone Realty Trust reports results for the quarter ended June 30 - Earnings Summary

• Peakstone Realty Trust PKST.N reported a quarterly adjusted loss of $7.22​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of three analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -8 cents to 18 cents per share.

• Revenue fell 3.4% to $54.03 million from a year ago; analysts expected $53.94 million.

• Peakstone Realty Trust's reported EPS for the quarter was a loss of $7.22​.

• The company reported a quarterly loss of $265.3 million.

• Peakstone Realty Trust shares had risen by 4.6% this quarter and gained 24.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 161.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "hold"

• Wall Street's median 12-month price target for Peakstone Realty Trust is $15.00, about 7.9% above its last closing price of $13.82

This summary was machine generated from LSEG data August 8 at 05:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)