Peakstone Realty Trust Announces Tax Treatment of 2024 Distributions
Peakstone Realty Trust (NYSE: PKST), an industrial assets-focused REIT, has disclosed the tax treatment of its 2024 distributions for common shares. The company will distribute a total of $0.900 per share throughout 2024, paid in four quarterly installments of $0.225 each.
The distributions are scheduled for January 17, April 18, July 18, and October 17, 2024. According to the Form 1099-DIV breakdown, all distributions are classified as nondividend distributions (Box 3), with no amounts allocated to ordinary income or capital gains.
Peakstone Realty Trust (NYSE: PKST), un REIT focalizzato su beni industriali, ha comunicato il trattamento fiscale delle sue distribuzioni per il 2024 relative alle azioni ordinarie. L'azienda distribuirà un totale di $0,900 per azione durante il 2024, pagato in quattro rate trimestrali di $0,225 ciascuna.
Le distribuzioni sono programmate per il 17 gennaio, il 18 aprile, il 18 luglio e il 17 ottobre 2024. Secondo la ripartizione del Modulo 1099-DIV, tutte le distribuzioni sono classificate come distribuzioni non di dividendo (Cassetta 3), senza importi allocati a reddito ordinario o guadagni di capitale.
Peakstone Realty Trust (NYSE: PKST), un REIT enfocado en activos industriales, ha revelado el tratamiento fiscal de sus distribuciones para las acciones ordinarias de 2024. La compañía distribuirá un total de $0.900 por acción durante 2024, pagado en cuatro pagos trimestrales de $0.225 cada uno.
Las distribuciones están programadas para el 17 de enero, el 18 de abril, el 18 de julio y el 17 de octubre de 2024. Según el desglose del Formulario 1099-DIV, todas las distribuciones se clasifican como distribuciones no de dividendos (Caja 3), sin montos asignados a ingresos ordinarios o ganancias de capital.
Peakstone Realty Trust (NYSE: PKST), 산업 자산에 집중하는 REIT, 2024년도 보통주 배당의 세금 처리를 공개했습니다. 회사는 2024년도에 주당 $0.900를 배분할 예정이며, 이는 $0.225씩 네 번의 분기 배당으로 지급됩니다.
배당금 지급 일정은 2024년 1월 17일, 4월 18일, 7월 18일, 10월 17일입니다. 1099-DIV 양식에 따른 분류에 따르면, 모든 배당금은 배당금 배당이 아닌 분배(상자 3)로 분류되며, 일반 소득이나 자본 이득에 할당된 금액은 없습니다.
Peakstone Realty Trust (NYSE: PKST), un REIT axé sur les actifs industriels, a divulgué le traitement fiscal de ses distributions pour les actions ordinaires de 2024. La société distribuera un total de 0,900 $ par action tout au long de l'année 2024, payé en quatre versements trimestriels de 0,225 $ chacun.
Les distributions sont prévues pour le 17 janvier, le 18 avril, le 18 juillet et le 17 octobre 2024. Selon le détail du formulaire 1099-DIV, toutes les distributions sont classées comme des distributions non de dividende (Case 3), sans montants alloués aux revenus ordinaires ou aux gains en capital.
Peakstone Realty Trust (NYSE: PKST), ein auf industrielle Vermögenswerte fokussierter REIT, hat die steuerliche Behandlung seiner Ausschüttungen für das Jahr 2024 für Stammaktien bekannt gegeben. Das Unternehmen wird insgesamt $0,900 pro Aktie im Jahr 2024 ausschütten, zahlbar in vier vierteljährlichen Raten von $0,225 jeweils.
Die Ausschüttungen sind für den 17. Januar, 18. April, 18. Juli und 17. Oktober 2024 geplant. Laut der Aufschlüsselung des Formulars 1099-DIV werden alle Ausschüttungen als Nichtdividenden-Ausschüttungen (Box 3) klassifiziert, wobei keine Beträge dem ordentlichen Einkommen oder den Kapitalgewinnen zugeordnet sind.
- Consistent quarterly dividend payments of $0.225 per share
- Total annual distribution of $0.90 per share for 2024
- Distributions classified entirely as return of capital (nondividend distributions) rather than ordinary income or capital gains, which could indicate lack of taxable earnings
Insights
The 2024 tax treatment disclosure from Peakstone Realty Trust reveals a significant tax advantage for investors. The entire
Tax Efficiency: Return of capital distributions are not immediately taxable - instead, they reduce the investor's cost basis in the stock. This effectively defers taxation until the shares are sold, providing a tax-advantaged cash flow structure for current shareholders.
Cost Basis Impact: Investors who held PKST throughout 2024 will need to reduce their cost basis by
Financial Health Indicators: The classification of all distributions as return of capital suggests that Peakstone's distributions exceeded its taxable earnings and profits for 2024. While this is not uncommon in REITs due to significant depreciation deductions, investors should monitor the company's underlying cash flow strength and distribution sustainability.
Strategic Planning Opportunity: For tax-sensitive investors, this treatment presents a valuable opportunity for tax-efficient income streaming, particularly in high tax brackets where deferral of income recognition can be advantageous. However, long-term holders should maintain detailed records of cost basis adjustments for eventual capital gains calculations.
Ordinary Income |
Capital Gains | ||||||||||||||||||||||
| Record Date | Payable Date | Total 2024 | Total (Box 1a) | Total (Box 2a) | Unrecapt’d Sec 1250 (Box 2b) | Nondividend Distributions (Box 3) |
|||||||||||||||||
| Distributions | |||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||
| (1a + 2a + 3) | |||||||||||||||||||||||
| 09/30/2024 | 10/17/2024 | $ |
0.225 |
$ |
- |
$ |
- |
$ |
- |
$ |
0.225 |
||||||||||||
| 06/28/2024 | 07/18/2024 | $ |
0.225 |
$ |
- |
$ |
- |
$ |
- |
$ |
0.225 |
||||||||||||
| 03/29/2024 | 04/18/2024 | $ |
0.225 |
$ |
- |
$ |
- |
$ |
- |
$ |
0.225 |
||||||||||||
| 12/29/2023 | 01/17/2024 | $ |
0.225 |
$ |
- |
$ |
- |
$ |
- |
$ |
0.225 |
||||||||||||
| Totals | $ |
0.900 |
$ |
- |
$ |
- |
$ |
- |
$ |
0.900 |
|||||||||||||
The Company’s Forms 8937 (which include distribution and return of capital information) are available in the Investors section on Peakstone’s website: https://investors.pkst.com/investors/stock-info/Tax-Information/default.aspx.
Shareholders are advised to consult their tax advisor as to their specific tax treatment of Peakstone’s distributions.
About Peakstone Realty Trust
Peakstone Realty Trust is an internally managed REIT focused on owning and operating industrial assets. Peakstone’s high-quality portfolio consists of predominately single-tenant properties located in strategic markets.
Additional information is available at www.pkst.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250131412149/en/
Source: Peakstone Realty Trust
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