PKST · As filed with the SEC
Peakstone Realty Trust cash flow statement, by fiscal year
The statement as Peakstone Realty Trust presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Operating Activities: | ||||
| Net loss | (332,633) | (11,363) | (605,102) | (441,382) |
| Net loss (income) from discontinued operations | 272,610 | — | — | — |
| Net loss from continuing operations | (60,023) | — | — | — |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||
| Depreciation of building and building improvements | 36,292 | 64,191 | 72,273 | 113,191 |
| Amortization of leasing costs and intangibles, including ground leasehold interests and leasing costs | — | — | — | 79,049 |
| Amortization of leasing costs and intangibles, including ground leasehold interests and leasing costs | — | — | 41,425 | — |
| Amortization of leasing costs and in-place lease intangible assets | 15,884 | 32,289 | — | — |
| Amortization of above- and (below-) market leases, net | (9,407) | (2,232) | (1,239) | (2,205) |
| Amortization of deferred financing costs and debt premium | 4,476 | 4,861 | 4,049 | 5,724 |
| Amortization of swap interest | — | — | 126 | 126 |
| Deferred rent | — | — | (6,229) | (13,350) |
| Deferred rent, ground lease | — | — | — | 0 |
| Write-off reserves | — | — | 0 | 0 |
| (Gain)/loss from sale of depreciable operating property | — | — | — | 139,280 |
| (Gain)/Loss from sale of depreciable operating properties | — | — | (29,164) | — |
| Gain on fair value of earn-out | — | — | 0 | 0 |
| Loss (income) from investment in unconsolidated entities | — | — | — | 10,979 |
| Investment in unconsolidated entities valuation adjustment | — | — | — | 0 |
| Loss (income) from investment in unconsolidated entities | — | — | 176,767 | — |
| Amortization of swap interest | 126 | 128 | — | — |
| Loss (gain) on extinguishment of debt | 2,482 | (10,466) | — | — |
| Deferred rent | (4,511) | (2,521) | — | — |
| Net gain from disposition of assets | (6,407) | (38,368) | — | — |
| Loss from investment in unconsolidated entities | — | 0 | — | — |
| Loss from investment in unconsolidated entities | 0 | — | — | — |
| (Gain) loss from investments | (114) | (377) | 18 | 194 |
| Impairment provision - real estate assets | — | — | — | 127,577 |
| Real estate impairment provision | 18,195 | 53,313 | 409,512 | — |
| Goodwill impairment provision | 0 | 10,274 | 16,031 | 135,270 |
| Share-based compensation | 6,380 | 7,896 | 12,041 | 9,574 |
| Other income - proration adjustments for dispositions | — | — | (1,587) | — |
| Discount amortization - note receivable | (59) | (655) | — | — |
| Other income – proration adjustments for dispositions | 0 | 0 | — | — |
| Change in operating assets and liabilities: | ||||
| Deferred leasing costs and other assets | — | — | — | 1,002 |
| Deferred leasing costs and other assets | — | — | (5,282) | — |
| Restricted reserves | — | — | 0 | 0 |
| Deferred leasing costs and other assets | 6,313 | 349 | — | — |
| Accrued expenses and other liabilities | (8,888) | (12,664) | 6,233 | (11,664) |
| Due to affiliates, net | 0 | — | (720) | (689) |
| Net cash (used in) provided by operating activities - continuing operations | 739 | — | — | — |
| Net cash provided by operating activities - discontinued operations | 67,982 | — | — | — |
| Net cash provided by operating activities | 68,721 | 94,655 | 89,152 | 152,676 |
| Investing Activities: | ||||
| Cash acquired in connection with the CCIT II Merger, net of acquisition costs | — | — | — | 0 |
| Acquisition of properties, net | — | — | — | 0 |
| Cash acquired in connection with the CCIT II Merger, net of acquisition costs | — | — | 0 | — |
| Acquisition of properties, net | (95,379) | (493,496) | — | — |
| Proceeds from disposition of properties | 228,497 | 281,528 | 325,160 | 1,120,803 |
| Restricted reserves | — | — | — | (266) |
| Real estate acquisition deposits | — | — | — | 0 |
| Restricted reserves | — | — | 0 | — |
| Restricted reserves | — | 0 | — | — |
| Payments for construction in progress | (6,908) | (3,871) | (16,323) | (17,494) |
| Investment in unconsolidated joint venture | — | — | — | 0 |
| Distributions of capital from investment in unconsolidated entities | — | — | 0 | 0 |
| Sale of investment in unconsolidated entities | — | 0 | 0 | 31,000 |
| Purchase of investment in unconsolidated entities | — | 0 | 0 | (34,558) |
| Purchase of investments | 0 | 0 | (282) | (1,142) |
| Proceeds from repayment of note receivable | 15,000 | — | — | — |
| Net cash provided by (used in) investing activities - continuing operations | 141,210 | — | — | — |
| Net cash provided by (used in) investing activities - discontinued operations | 692,885 | — | — | — |
| Net cash provided by (used in) investing activities | 834,095 | (215,839) | 308,555 | 1,098,343 |
| Financing Activities: | ||||
| Proceeds from borrowings - Credit Facility | — | 280,000 | 400,000 | 0 |
| Proceeds from borrowings - Term Loan | — | 175,000 | 0 | 0 |
| Principal payoff of indebtedness - CCIT II Credit Facility | — | — | 0 | 0 |
| Proceeds from borrowings - Mortgage debt | — | 110,326 | — | — |
| Proceeds from borrowings - Credit facility | 0 | — | — | — |
| Proceeds from borrowings - Term loan | 0 | — | — | — |
| Proceeds from borrowings - Mortgage debt | 0 | — | — | — |
| Principal pay down of indebtedness - Credit facility | (465,000) | — | — | — |
| Principal payoff of indebtedness - Term loan | (250,000) | (190,000) | (400,000) | (200,000) |
| Principal amortization payments on secured indebtedness | — | — | — | (8,736) |
| Principal amortization payments on secured indebtedness | — | — | (6,973) | — |
| Principal payoff of secured indebtedness - Mortgage debt | (159,390) | (225,228) | (41,283) | (469,777) |
| Principal pay down of indebtedness - Revolving Credit Facility | — | — | 0 | (373,500) |
| Principal pay down of indebtedness - Credit Facility | — | (215,000) | — | — |
| Principal amortization payments on secured indebtedness | 0 | (5,655) | — | — |
| Deferred financing costs | — | (17,286) | (3,530) | (2,724) |
| Payment for debt extinguishment | (3,362) | — | — | — |
| Deferred financing costs | 0 | — | — | — |
| Offering costs | (37) | (143) | — | — |
| Redemption of preferred units | 0 | 0 | (125,000) | — |
| Offering costs | — | — | (796) | (43) |
| Repurchase of common shares to satisfy employee tax withholding requirements | (1,204) | (1,329) | (2,625) | (3,189) |
| Repurchase of common shares | 0 | 0 | (4,443) | (5,617) |
| Repurchase of noncontrolling interest | — | — | — | 0 |
| Issuance of common shares, net of discounts and underwriting costs | — | — | — | 0 |
| Repurchase of noncontrolling interest | (42) | (2,892) | (3,974) | (11,136) |
| Distributions to noncontrolling interests | (2,300) | — | — | — |
| Dividends to common shareholders | (28,903) | (33,077) | (40,807) | (114,110) |
| Distributions paid to preferred units subject to redemption | 0 | 0 | (4,891) | (10,063) |
| Financing lease payment | (348) | (332) | (319) | (320) |
| Net cash used in financing activities | (910,586) | (125,616) | (234,641) | (1,199,215) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (7,770) | (246,800) | 163,066 | 51,804 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 154,210 | 401,010 | 237,944 | 186,140 |
| Cash, cash equivalents and restricted cash at the end of the period | — | 154,210 | 401,010 | 237,944 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 154,210 | 401,010 | — | — |
| Cash, cash equivalents and restricted cash at the end of the period | 146,440 | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | 63,087 | 58,898 | 58,154 | 75,122 |
| Supplemental disclosures of non-cash investing and financing transactions: | ||||
| Distributions payable to common shareholders | — | — | — | 9,678 |
| Distributions payable to noncontrolling interests | — | — | — | 946 |
| Dividends payable to common shareholders | — | — | 8,193 | — |
| Distributions payable to noncontrolling interests | — | — | 724 | — |
| Common shares issued pursuant to the distribution reinvestment plan | — | — | 0 | 0 |
| Common share redemptions funded subsequent to period-end | — | — | — | 4,383 |
| Issuance of share dividends | — | — | — | 0 |
| Mortgage debt assumed in conjunction with the acquisition of real estate assets plus a premium | — | — | — | 0 |
| Common share redemptions funded subsequent to period-end | — | — | 0 | — |
| Exchange of noncontrolling interest to common stock | — | — | 27,169 | — |
| Dividends payable to common shareholders | 3,755 | 8,331 | — | — |
| Distributions payable to noncontrolling interests | 722 | 672 | — | — |
| Common share redemptions funded subsequent to period-end | — | 0 | — | — |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | 1,162 | 0 | 0 | — |
| Accounting Standards Update 2016-02 | — | — | — | 1,358 |
| Net assets acquired in CCIT II Merger in exchange for common shares | — | — | 0 | 0 |
| Capitalized transaction costs paid in prior period | — | — | 0 | 0 |
| Contribution in Unconsolidated Joint Venture | — | — | 1,960 | — |
| Note Payable in Unconsolidated Joint Venture | — | — | (1,960) | — |
| Exchange of noncontrolling interest to common stock | 5,273 | 20,153 | — | — |
| Accrued for construction in progress | 810 | 0 | 1,183 | 35 |
| Accrued tenant obligations and other | 5,812 | 7,802 | — | — |
| Decrease in fair value swap agreement | (18,292) | (10,840) | (14,335) | 63,182 |
| Decrease in shareholder servicing fee payable | — | — | — | (92) |
| Decrease in stockholder servicing fee payable | — | — | 0 | — |
| Decrease in stockholder servicing fee payable | — | 0 | — | — |
| Note receivable, net | 60 | (14,286) | — | — |
| Note payable in unconsolidated joint venture | 0 | (4,696) | — | — |
| Contribution in unconsolidated joint venture | 0 | 4,696 | — | — |
| Capitalized transaction costs accrued | 280 | 654 | — | — |
| Accrued payments for debt extinguishment | 1,062 | — | — | — |
| Accrued repurchase of common shares to satisfy employee tax withholding requirements | 1,297 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.