Peakstone Realty Trust Announces Quarterly Distribution
September 18 2023 - 3:30PM
Business Wire
Peakstone Realty Trust (“Peakstone” or the “Company”)
(NYSE: PKST), a real estate investment trust (REIT) focused on
owning and operating a high-quality, newer-vintage portfolio of
predominantly single-tenant industrial and office properties,
announced that the Company’s Board of Trustees has approved a
distribution for the quarter ended September 30, 2023 in the amount
of $0.225 per common share that is payable on October 17, 2023 to
holders of record of the Company’s common shares on September 30,
2023.
About Peakstone Realty Trust
Peakstone Realty Trust (NYSE: PKST) is an internally managed
real estate investment trust (REIT) that owns and operates a
high-quality, newer-vintage portfolio of predominantly
single-tenant industrial and office properties. These assets are
generally leased to creditworthy tenants under long-term net lease
agreements with contractual rent escalations and are situated in
primarily high-growth, strategic coastal and sunbelt markets.
Additional information is available at www.pkst.com.
Forward-Looking Statements
This document contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”), and Section 21E of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”). We intend for all such
forward-looking statements to be covered by the applicable safe
harbor provisions for forward-looking statements contained in
Section 27A of the Securities Act and Section 21E of the Exchange
Act. Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking
statements by the use of forward-looking terminology such as “may,”
“will,” “should,” “expects,” “intends,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” or “potential” or the negative
of these words and phrases or similar words or phrases which are
predictions of or indicate future events or trends and which do not
relate solely to historical matters. You can also identify
forward-looking statements by discussions of strategy, plans or
intentions. The forward-looking statements contained in this
document reflect our current views about future events and are
subject to numerous known and unknown risks, uncertainties,
assumptions and changes in circumstances that may cause our actual
results to differ significantly from those expressed in any
forward-looking statement. The following factors, among others,
could cause actual results and future events to differ materially
from those set forth or contemplated in the forward-looking
statements: general economic and financial conditions; market
volatility; inflation; any potential recession or threat of
recession; interest rates; recent and ongoing disruption in the
debt and banking markets; occupancy, rent deferrals and the
financial condition of our tenants; whether work-from-home trends
or other factors will impact the attractiveness of industrial
and/or office assets; whether we will be successful in renewing
leases as they expire; future financial and operating results,
plans, objectives, expectations and intentions; expected sources of
financing, including the ability to maintain the commitments under
our revolving credit facility, and the availability and
attractiveness of the terms of any such financing; legislative and
regulatory changes that could adversely affect our business; our
future capital expenditures, operating expenses, net income,
operating income, cash flow and developments and trends of the real
estate industry; whether we will be successful in the pursuit of
our business plan, including any dispositions; whether we will
succeed in our investment objectives; any fluctuation and/or
volatility of the trading price of our common shares; risks
associated with our dependence on key personnel whose continued
service is not guaranteed; and other factors, including those risks
disclosed in “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in our
most recent Annual Report on Form 10-K or Quarterly Report on Form
10-Q filed with the U.S. Securities and Exchange Commission. While
forward-looking statements reflect our good faith beliefs,
assumptions and expectations, they are not guarantees of future
performance. The forward-looking statements speak only as of the
date of this document. We disclaim any obligation to publicly
update or revise any forward-looking statement to reflect changes
in underlying assumptions or factors, of new information, data or
methods, future events or other changes after the date of this
document, except as required by applicable law. We caution
investors not to place undue reliance on any forward-looking
statements, which are based only on information currently available
to us.
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