PKST · As filed with the SEC
Peakstone Realty Trust balance sheet, 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 BALANCE SHEETS · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Cash and cash equivalents | 138,673 | 146,514 | 391,802 | 233,180 | 168,618 | 168,954 | 54,830 | 28,623 |
| Restricted cash | 7,767 | 7,696 | 9,208 | 4,764 | 17,522 | 34,352 | 58,430 | 12,904 |
| Real estate: | ||||||||
| Land | 381,824 | 450,217 | 231,175 | 327,408 | 584,291 | 445,674 | 458,339 | 122,482 |
| Building and improvements | 810,112 | 1,952,742 | 1,968,314 | 2,631,965 | 4,104,782 | 3,112,253 | 3,043,527 | 819,224 |
| In-place lease intangible assets | — | 380,599 | 402,251 | 535,889 | 876,324 | 740,489 | 744,773 | 240,364 |
| In-place lease intangible assets | 109,852 | — | — | — | — | — | — | — |
| Construction in progress | 4,233 | 1,017 | 8,371 | 1,994 | 4,763 | 11,886 | 31,794 | 144 |
| Total real estate | 1,306,021 | 2,784,575 | 2,610,111 | 3,497,256 | 5,570,160 | 4,310,302 | 4,278,433 | 1,182,214 |
| Less: accumulated depreciation and amortization | (211,099) | (520,527) | (550,552) | (644,639) | (993,323) | (817,773) | (668,104) | (128,570) |
| Total real estate, net | 1,094,922 | 2,264,048 | 2,059,559 | 2,852,617 | 4,576,837 | 3,492,529 | 3,610,329 | 1,053,644 |
| Intangible assets, net | — | — | — | — | — | — | — | 2,923 |
| Investments in unconsolidated entity | — | — | 0 | 178,647 | — | 34 | 11,028 | — |
| Intangible assets, net | — | — | — | 33,861 | 43,100 | 10,035 | 12,780 | — |
| Intangible assets, net | — | — | 29,690 | — | — | — | — | — |
| Assets held for sale, net | — | 0 | — | — | — | — | — | — |
| Assets related to discontinued operations, net | 0 | — | — | — | — | — | — | — |
| Above-market lease intangible assets, net | 1,257 | 28,015 | — | — | — | — | — | — |
| Deferred rent receivable | 18,173 | 60,371 | 63,272 | 79,572 | 108,896 | 98,116 | 73,012 | 31,189 |
| Deferred leasing costs, net | 3,885 | 13,865 | 19,112 | 26,507 | 44,505 | 45,966 | 49,390 | — |
| Goodwill | 68,373 | 68,373 | 78,647 | 94,678 | 229,948 | 229,948 | 229,948 | — |
| Due from affiliates | — | — | — | 0 | 271 | 1,411 | 837 | 1,202 |
| Right-of-use lease assets | 1,325 | 32,967 | 33,736 | 35,453 | 39,482 | 39,935 | 41,347 | — |
| Interest rate swap asset, at fair value | 0 | 15,974 | 26,942 | — | — | — | — | — |
| Interest Rate Swap | — | — | — | 41,404 | — | — | — | — |
| Other assets | — | — | 27,446 | 31,877 | 43,838 | 30,570 | 33,571 | 6,850 |
| Real estate assets and other assets held for sale, net | — | — | — | 20,816 | — | — | — | — |
| Real estate assets and other assets held for sale, net | — | — | 50,211 | — | — | — | — | — |
| Other assets | 18,449 | 38,409 | — | — | — | — | — | — |
| Total assets | 1,352,824 | 2,676,232 | 2,789,625 | 3,633,376 | 5,273,017 | 4,151,850 | 4,175,502 | 1,137,335 |
| LIABILITIES AND EQUITY | ||||||||
| Debt, net | — | 1,344,619 | 1,435,923 | 1,485,402 | 2,532,377 | 2,140,427 | 1,969,104 | 481,955 |
| Restricted reserves | — | — | — | 627 | 8,644 | 12,071 | 14,064 | 11,565 |
| Debt, net | 474,006 | — | — | — | — | — | — | — |
| Interest rate swap liability, at fair value | 2,444 | — | — | 0 | 25,108 | 53,975 | 24,146 | — |
| Redemptions payable | — | — | — | — | 0 | 5,345 | 96,648 | — |
| Distributions payable | 3,818 | 8,477 | 8,344 | 12,402 | 12,396 | 9,430 | 15,530 | 3,650 |
| Due to affiliates | — | — | — | 1,458 | 2,418 | 3,272 | 10,883 | 19,048 |
| Related Party | — | — | 573 | — | — | — | — | — |
| Intangible liabilities, net | — | — | 16,023 | 20,658 | 30,626 | 27,333 | 31,805 | 46,229 |
| Lease liability | — | — | — | 46,519 | 50,896 | — | — | — |
| Lease liability | — | — | 46,281 | — | — | — | — | — |
| Below-market lease intangible liabilities, net | 34,261 | 46,976 | — | — | — | — | — | — |
| Lease liability | — | 46,887 | — | — | — | — | — | — |
| Right-of-use lease liabilities | 1,334 | — | — | — | — | 45,646 | 45,020 | — |
| Accrued expenses and other liabilities | 58,258 | 77,251 | 78,229 | 80,175 | 109,121 | 114,434 | 96,389 | 21,023 |
| Liabilities of real estate assets held for sale | — | — | 539 | — | — | — | — | — |
| Liabilities related to discontinued operations | 0 | — | — | — | — | — | — | — |
| Total liabilities | 574,121 | 1,524,210 | 1,585,912 | 1,647,241 | 2,771,586 | 2,411,933 | 2,303,589 | 583,470 |
| Common stock subject to redemption | — | — | — | — | — | — | — | 37,357 |
| Perpetual convertible preferred shares | — | — | 0 | — | — | — | — | — |
| Perpetual Convertible Preferred Shares | — | — | — | 125,000 | 125,000 | 125,000 | 125,000 | — |
| Common Stock | — | — | — | — | 0 | 2,038 | 20,565 | — |
| Noncontrolling interests subject to redemption; zero and 61,788 units as of December 31, 2023 and December 31, 2022, respectively | — | — | 0 | 3,812 | 4,768 | 4,610 | 4,831 | — |
| Shareholders’ equity: | ||||||||
| Common shares, $0.001 par value; 800,000,000 shares authorized; 37,176,167 and 36,733,327 shares outstanding in the aggregate as of December 31, 2025 and December 31, 2024, respectively | 37 | 37 | 36 | 36 | 325 | 230 | 228 | 76 |
| Additional paid-in capital | 3,025,954 | 3,016,804 | 2,990,085 | 2,948,600 | 2,951,972 | 2,103,028 | 2,060,604 | 656,500 |
| Cumulative distributions | — | — | (1,076,000) | (1,036,678) | (922,562) | (813,892) | (715,792) | (125,297) |
| Cumulative distributions | (1,133,542) | (1,109,215) | — | — | — | — | — | — |
| Accumulated earnings | (1,145,986) | (838,279) | (827,854) | (269,926) | 141,983 | 140,354 | 153,312 | (15,953) |
| Accumulated other comprehensive (loss) income | (1,038) | 15,874 | 25,817 | 40,636 | (18,708) | (48,001) | (21,875) | 0 |
| Total shareholders’ equity | 745,425 | 1,085,221 | 1,112,084 | 1,682,668 | 2,153,010 | 1,381,719 | 1,476,477 | 515,326 |
| Noncontrolling interests | — | — | — | 174,655 | 218,653 | 226,550 | 245,040 | — |
| Noncontrolling interests | 33,278 | 66,801 | 91,629 | — | — | — | — | 1,182 |
| Total equity | 778,703 | 1,152,022 | 1,203,713 | 1,857,323 | 2,371,663 | 1,608,269 | 1,721,517 | 516,508 |
| Common Shares | — | — | — | 36 | 325 | 230 | 228 | — |
| Total liabilities and equity | 1,352,824 | 2,676,232 | 2,789,625 | 3,633,376 | 5,273,017 | 4,151,850 | 4,175,502 | 1,137,335 |
| Noncontrolling Interests Subject to Redemption | — | — | — | — | — | 556,099 | — | — |
| Common Stock, Shares Authorized | — | — | — | — | — | 800,000,000 | — | — |
| Common Stock, Par or Stated Value Per Share | — | — | — | — | — | 0.00 | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.