Home Alts News Former Griffin REIT Announces Date of NYSE Listing

Former Griffin REIT Announces Date of NYSE Listing

Peakstone Realty Trust, a publicly registered non-traded real estate investment trust formerly known as Griffin Realty Trust, announced that the company expects to list its shares on the New York Stock Exchange on or around April 13, 2023 under the ticker symbol “PKST.”

Upon completion, the listing will provide shareholders with an immediate liquidity option as the company has not instituted a lock-up on the sale of shares.

In conjunction with the listing announcement, the company also disclosed that its board of directors declared a cash dividend for the month of March 2023 of $0.075 per common share, payable on May 12, 2023. The dividend represents a $0.90 annual distribution rate. Prior to the company’s announced intent to list its shares on the NYSE last month it had paid annual distributions equal to $3.24 per share.

As of March 24, 2023, Peakstone’s portfolio consists of 19 million square feet of office and industrial assets across 24 states.

Click here to visit The DI Wire directory page.