Peakstone Realty Trust · NYSE:PKST
Peakstone Realty Trust — Griffin Capital Essential Asset REIT II — Q1 2018 Earnings Presentation
17 slides from Peakstone Realty Trust's earnings presentation, May 16, 2018
Slide 1: Disclaimer and Q1 2018 Earnings Call Presentation
We intend to invest in properties leased to blue chip tenants and/or companies with investment grade credit ratings. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Blue chip companies are well-known and respected pub
Slide 2: Conference Call Agenda
Conference Call Agenda TOPIC SPEAKER Introduction and Portfolio Characteristics Michael Escalante | President & Director Portfolio Update Michael Escalante | President & Director Financial Performance Review Javier Bitar | Chief Financial Officer Questions & Answers Michael Escalante and Javier Bita
Slide 3: Introduction and Portfolio Characteristics
commen Introduction and Portfolio Characteristics Michael Escalante | President & Director
Slide 4: Characteristics
Portfolio Characteristics March 31, 2018 December 31, 2017 Total Capitalization (1) $1.2 billion $1.2 billion Total Acquisition Value $1.1 billion $1.1 billion Number of Properties 27 27 Number of Buildings 35 35 Size of Portfolio (square feet) 7.3 million 7.3 million Occupied/Leased (based on portf
Slide 5: Characteristics (cont'd)
Portfolio Characteristics (cont’d) March 31, 2018 December 31, 2017 Weighted Average Annual Rent Increase (1) 2.4% 2.4% Total Real Estate, Net $1.1 billion $1.1 billion Total Assets $1.2 billion $1.2 billion Total Debt $0.5 billion $0.5 billion Total Equity Raised (including DRP), Net of Redemptions
Slide 6: Portfolio Update
Portfolio Update Michael Escalante | President and Director
Slide 7: Characteristics: National Diversification
Portfolio Characteristics* National Diversification as of March 31, 2018 18 21 5 13 14 4 12 8 17 6 18 7 13 16 19 *Logos shown are those of tenants, lease guarantors, or non-guarantor parent companies at our properties. * Logos shown are those of tenants, lease guarantors, or non-guarantor parent com
Slide 8: Concentration: Tenant Business Diversity
Portfolio Concentration As of March 31, 2018 Consumer Services: 16.6% Tenant Business Diversity (2) Griffin Capital management makes a All Others: 4.8% conscious effort to achieve diversification by tenant industry as Pharmaceuticals, Biotechnology Griffin Capital Essential Asset REIT II’s & Life Sc
Slide 9: Concentration: Geographic Distribution and Asset Allocation
Portfolio Concentration As of March 31, 2018 GEOGRAPHIC DISTRIBUTION ASSET ALLOCATION (By % of Net Rent) (By % of Net Rent) Ohio: 12.8% Office: 76.6% All Others: 11.8% (2) Illinois: 11.3% North Carolina: 3.5% Oregon: 4.2% California: 11.1% Texas: 5.3% Alabama: 10.9% (1) Nevada: 8.8% Arizona: 9.7% Ne
Slide 10: Concentration: Credit Concentration
Portfolio Concentration As of March 31, 2018 CREDIT CONCENTRATION (By % of Net Rent) Investment Grade: 82.6% (1) Sub-Investment Grade: 17.4% (1) Investment grade descriptions are those of either tenants, guarantors, and/or non-guarantor parents with investment grade ratings or what management believ
Slide 11: Strong Tenant Profile - Top Tenants
Strong Tenant Profile - Top 10 Tenants As of March 31, 2018 Top Tenants % of Portfolio(1) S&P(2) 10.9% A- 7.6% A2(3) 7.4% AA- (4) 7.2% A(5) 6.9% BBB- 6.1% BB+ 5.8% AA- (1) Based on net rental payment. (2) Ratings are those of tenants, guarantors, or non-guarantor 5.5% BB- parent entities. (3) Repres
Slide 12: Net Asset Value
Net Asset Value As of March 31, 2018 Set forth below are the components of our daily NAV as of March 31, 2018 and December 31, 2017 calculated in accordance with our valuation procedures (in thousands, except share and per share amounts)(1): As of March 31, 2018 As of December 31, 2017 Gross Real Es
Slide 13: Financial Performance Review
Financial Performance Review Javier Bitar | Chief Financial Officer
Slide 14: Financial Performance
Financial Performance (dollars in thousands, except per share amounts) Three Months Ended March 31, 2018 2017 Total Revenue $ 26,789 $ 25,972 Net Income Attributable to Common Stockholders $ 803 $ 3,123 Net Income Attributable to Common Stockholders Per Share, Basic and Diluted $ 0.01 $ 0.04 Adjuste
Slide 15: Debt Maturity Schedule
Debt Maturity Schedule (including effect of interest rate swaps) As of March 31, 2018 (dollars in thousands) Statistics Fixed(1) Floating(2) Total Amount $ 326,970 $ 157,758 $ 484,728 Percentage 67% 33% 100% W.A. Term Remaining (Yrs) 3.99 1.70 3.24 W.A. Interest Rate (%) 3.23% 3.21% 3.23% $400,000 (
Slide 16: Questions & Answers
Questions & Answers Michael Escalante | President and Director Javier Bitar | Chief Financial Officer
Slide 17: Thank you
Thank you cern] fOr YOur participation. CAPITAL rested §=www.griffincapital.com THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN.
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