2024 Q2 Form 10-Q Financial Statement

#000160062624000074 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $55.95M $59.23M
YoY Change -10.53% -11.57%
Cost Of Revenue $6.186M $7.256M
YoY Change -19.56% -9.41%
Gross Profit $49.77M $51.97M
YoY Change -9.27% -11.86%
Gross Profit Margin 88.94% 87.75%
Selling, General & Admin $13.63M $14.19M
YoY Change -22.45% -9.81%
% of Gross Profit 27.39% 27.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.37M $15.56M
YoY Change -24.23% -22.57%
% of Gross Profit 46.96% 29.95%
Operating Expenses $49.32M $46.24M
YoY Change -89.12% -16.09%
Operating Profit $6.634M $12.99M
YoY Change -101.7% 9.41%
Interest Expense $15.85M $16.15M
YoY Change -1.39% -5.09%
% of Operating Profit 238.85% 124.31%
Other Income/Expense, Net $5.467M $3.945M
YoY Change 99.02% 182.59%
Pretax Income -$4.101M $5.470M
YoY Change -99.09% -39.34%
Income Tax
% Of Pretax Income
Net Earnings -$3.768M $5.025M
YoY Change -99.1% -16.71%
Net Earnings / Revenue -6.73% 8.48%
Basic Earnings Per Share -$0.11 $0.14
Diluted Earnings Per Share -$0.11 $0.14
COMMON SHARES
Basic Shares Outstanding 36.35M shares 36.31M shares
Diluted Shares Outstanding 36.35M shares 36.31M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $446.8M $436.3M
YoY Change 23.9% 18.48%
Cash & Equivalents $446.8M $436.3M
Short-Term Investments
Other Short-Term Assets $40.99M
YoY Change 37.29%
Inventory
Prepaid Expenses
Receivables $65.29M $63.48M
Other Receivables $0.00 $0.00
Total Short-Term Assets $512.1M $540.7M
YoY Change 13.01% 15.6%
LONG-TERM ASSETS
Property, Plant & Equipment $2.016B $2.046B
YoY Change -9.32% -26.11%
Goodwill $74.05M $74.05M
YoY Change -21.79% -21.79%
Intangibles $28.28M $28.92M
YoY Change -9.69% -12.02%
Long-Term Investments $2.730M $7.595M
YoY Change -98.14% -95.39%
Other Assets $32.61M $29.40M
YoY Change 59.29% 32.06%
Total Long-Term Assets $2.219B $2.213B
YoY Change -13.24% -29.0%
TOTAL ASSETS
Total Short-Term Assets $512.1M $540.7M
Total Long-Term Assets $2.219B $2.213B
Total Assets $2.731B $2.754B
YoY Change -9.29% -23.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.701M $8.997M
YoY Change -51.02% -88.63%
Accrued Expenses $74.51M $74.21M
YoY Change 4.9% 60.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $98.96M $97.89M
YoY Change -8.98% -25.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.409B $1.416B
YoY Change -3.56% -3.09%
Other Long-Term Liabilities $36.65M $37.62M
YoY Change -20.58% 84.01%
Total Long-Term Liabilities $1.445B $1.454B
YoY Change -4.08% -1.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.96M $97.89M
Total Long-Term Liabilities $1.445B $1.454B
Total Liabilities $1.544B $1.552B
YoY Change -4.41% -3.82%
SHAREHOLDERS EQUITY
Retained Earnings -$826.6M -$822.8M
YoY Change 21.49% 211.8%
Common Stock $37.00K $36.00K
YoY Change 2.78% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.097B $1.111B
YoY Change
Total Liabilities & Shareholders Equity $2.731B $2.754B
YoY Change -9.29% -23.18%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$3.768M $5.025M
YoY Change -99.1% -16.71%
Depreciation, Depletion And Amortization $23.37M $15.56M
YoY Change -24.23% -22.57%
Cash From Operating Activities $24.54M $16.19M
YoY Change 876.01% -27.23%
INVESTING ACTIVITIES
Capital Expenditures $183.0K $1.846M
YoY Change -79.04% 118.2%
Acquisitions
YoY Change
Other Investing Activities $7.526M $62.37M
YoY Change -93.98% -62.39%
Cash From Investing Activities $7.343M $60.53M
YoY Change -94.09% -63.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.05M -$30.26M
YoY Change -86.45% -44.94%
NET CHANGE
Cash From Operating Activities 24.54M $16.19M
Cash From Investing Activities 7.343M $60.53M
Cash From Financing Activities -18.05M -$30.26M
Net Change In Cash 13.83M $46.45M
YoY Change -311.47% -64.88%
FREE CASH FLOW
Cash From Operating Activities $24.54M $16.19M
Capital Expenditures $183.0K $1.846M
Free Cash Flow $24.35M $14.35M
YoY Change 1384.1% -32.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 gcnl Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
46281000 usd
CY2024Q1 us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#Revenues
CY2023Q1 us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#Revenues
CY2024Q1 us-gaap Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://www.griffincapital.com/20240331#OperatingLeaseAndFinanceLeaseLiability
CY2024Q1 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://www.griffincapital.com/20240331#OperatingLeaseAndFinanceLeaseLiability
CY2024Q1 gcnl Real Estate Assets And Other Assets Held For Sale Net
RealEstateAssetsAndOtherAssetsHeldForSaleNet
7595000 usd
CY2023Q4 gcnl Real Estate Assets And Other Assets Held For Sale Net
RealEstateAssetsAndOtherAssetsHeldForSaleNet
50211000 usd
CY2024Q1 gcnl Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
46932000 usd
CY2024Q1 gcnl Cumulative Distributions
CumulativeDistributions
1084273000 usd
CY2023Q4 gcnl Cumulative Distributions
CumulativeDistributions
1076000000 usd
CY2024Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6679000 usd
CY2023Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
7110000 usd
CY2024Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
4510000 usd
CY2023Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5822000 usd
CY2024Q1 gcnl Property Management Expense Non Affiliates
PropertyManagementExpenseNonAffiliates
411000 usd
CY2023Q1 gcnl Property Management Expense Non Affiliates
PropertyManagementExpenseNonAffiliates
522000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9680000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9728000 usd
CY2024Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
166000 usd
CY2023Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
378000 usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
23415000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31356000 usd
CY2024Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1376000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
46237000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
54916000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
12990000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
12057000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
16148000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
17014000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
4045000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
1212000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-14661000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
9177000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
30610000 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4594000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3187000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5470000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
9017000 usd
CY2024Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2376000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
445000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
585000 usd
CY2024Q1 gcnl Net Loss Attributable To Controlling Interest
NetLossAttributableToControllingInterest
5025000 usd
CY2023Q1 gcnl Net Loss Attributable To Controlling Interest
NetLossAttributableToControllingInterest
6056000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
23000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
5025000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6033000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36309019 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36309019 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35999325 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35999325 shares
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5470000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
9017000 usd
CY2024Q1 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
0 usd
CY2023Q1 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
890000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
133000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-8335000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5603000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1572000 usd
CY2024Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2376000 usd
CY2024Q1 gcnl Decrease From Distributions To Redeemable Non Controlling Interest
DecreaseFromDistributionsToRedeemableNonControllingInterest
0 usd
CY2023Q1 gcnl Decrease From Distributions To Redeemable Non Controlling Interest
DecreaseFromDistributionsToRedeemableNonControllingInterest
23000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
456000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-71000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5147000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-756000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1203713000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
1579000 usd
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
79000 usd
CY2024Q1 us-gaap Dividends
Dividends
8273000 usd
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2024Q1 gcnl Exchange Of Noncontrolling Interests Value
ExchangeOfNoncontrollingInterestsValue
0 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
723000 usd
CY2024Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
5470000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
133000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1201820000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1857323000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
2556000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
381000 usd
CY2023Q1 us-gaap Dividends
Dividends
14873000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
60000 usd
CY2023Q1 gcnl Non Controlling Interest Increase Decrease From Reclassification Of Interest Subject To Redemption
NonControllingInterestIncreaseDecreaseFromReclassificationOfInterestSubjectToRedemption
10000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1435000 usd
CY2023Q1 gcnl Distributions For Redeemable Non Controlling Interest
DistributionsForRedeemableNonControllingInterest
2000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
9000 usd
CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
6618000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7445000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1842302000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5470000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
9017000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
15564000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
20054000 usd
CY2024Q1 gcnl Amortization Of Lease Costs And Intangible Assets
AmortizationOfLeaseCostsAndIntangibleAssets
8223000 usd
CY2023Q1 gcnl Amortization Of Lease Costs And Intangible Assets
AmortizationOfLeaseCostsAndIntangibleAssets
11670000 usd
CY2024Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-259000 usd
CY2023Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-122000 usd
CY2024Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1157000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1375000 usd
CY2024Q1 gcnl Amortization Of Swap Interest
AmortizationOfSwapInterest
31000 usd
CY2023Q1 gcnl Amortization Of Swap Interest
AmortizationOfSwapInterest
31000 usd
CY2024Q1 gcnl Deferred Rent Revenue Recognized During Period
DeferredRentRevenueRecognizedDuringPeriod
410000 usd
CY2023Q1 gcnl Deferred Rent Revenue Recognized During Period
DeferredRentRevenueRecognizedDuringPeriod
3850000 usd
CY2024Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
9177000 usd
CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
30610000 usd
CY2024Q1 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 usd
CY2023Q1 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
-14661000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
189000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
46000 usd
CY2024Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1376000 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4594000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1579000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2556000 usd
CY2024Q1 gcnl Amortization Of Note Receivable Discount
AmortizationOfNoteReceivableDiscount
119000 usd
CY2023Q1 gcnl Amortization Of Note Receivable Discount
AmortizationOfNoteReceivableDiscount
0 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1239000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
238000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-12888000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2192000 usd
CY2024Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
0 usd
CY2023Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-55000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16191000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22251000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
62414000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
165897000 usd
CY2024Q1 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
1846000 usd
CY2023Q1 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
846000 usd
CY2024Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
41000 usd
CY2023Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
70000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
60527000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
164981000 usd
CY2024Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
400000000 usd
CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
18868000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
19013000 usd
CY2024Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2023Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
400000000 usd
CY2024Q1 gcnl Principal Amortization Payments On Secured Indebtedness
PrincipalAmortizationPaymentsOnSecuredIndebtedness
1594000 usd
CY2023Q1 gcnl Principal Amortization Payments On Secured Indebtedness
PrincipalAmortizationPaymentsOnSecuredIndebtedness
1858000 usd
CY2024Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
682000 usd
CY2023Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
2580000 usd
CY2024Q1 gcnl Payments Of Offering Costs Net
PaymentsOfOfferingCostsNet
-86000 usd
CY2023Q1 gcnl Payments Of Offering Costs Net
PaymentsOfOfferingCostsNet
9000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4443000 usd
CY2024Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
724000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2136000 usd
CY2024Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 usd
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2516000 usd
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8193000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21822000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
210000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
209000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
79000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
381000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30264000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-54967000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
46454000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
132265000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
401010000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
237944000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
447464000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
370209000 usd
CY2024Q1 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
132000 usd
CY2023Q1 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-8335000 usd
CY2024Q1 gcnl Accrued Tenant Obligations During Period
AccruedTenantObligationsDuringPeriod
665000 usd
CY2023Q1 gcnl Accrued Tenant Obligations During Period
AccruedTenantObligationsDuringPeriod
860000 usd
CY2024Q1 gcnl Increase Decrease In Distributions Payable To Common Stockholders
IncreaseDecreaseInDistributionsPayableToCommonStockholders
8273000 usd
CY2023Q1 gcnl Increase Decrease In Distributions Payable To Common Stockholders
IncreaseDecreaseInDistributionsPayableToCommonStockholders
2729000 usd
CY2024Q1 gcnl Increase Decrease In Distributions Payable Non Controlling Interest
IncreaseDecreaseInDistributionsPayableNonControllingInterest
723000 usd
CY2023Q1 gcnl Increase Decrease In Distributions Payable Non Controlling Interest
IncreaseDecreaseInDistributionsPayableNonControllingInterest
270000 usd
CY2024Q1 us-gaap Stock Issued1
StockIssued1
486000 usd
CY2023Q1 us-gaap Stock Issued1
StockIssued1
0 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1358000 usd
CY2024Q1 gcnl Note Receivable In Exchange For Sale Of Asset
NoteReceivableInExchangeForSaleOfAsset
14405000 usd
CY2023Q1 gcnl Note Receivable In Exchange For Sale Of Asset
NoteReceivableInExchangeForSaleOfAsset
0 usd
CY2024Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
53000 usd
CY2023Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
6120000 usd
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
67 real_estate_property
CY2024Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
22 state
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;padding-left:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.</span></div>
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2576072000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2610111000 usd
CY2024Q1 gcnl Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
4 property
CY2024Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
79500000 usd
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
131094 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200419 shares
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Consolidated Financial Statements Presentation</span></div><div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts in the prior period consolidated financial statements have been reclassified to conform to the current period presentation.</span></div>
CY2024Q1 us-gaap Land
Land
227138000 usd
CY2023Q4 us-gaap Land
Land
231175000 usd
CY2024Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1942064000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1968314000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
397872000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
402251000 usd
CY2024Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8998000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8371000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
9200000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
79525000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
9177000 usd
CY2024Q1 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
14400000 usd
CY2024Q1 us-gaap Receivables With Imputed Interest Amortization Amount
ReceivablesWithImputedInterestAmortizationAmount
100000 usd
CY2024Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1400000 usd
CY2024Q1 gcnl In Place Lease Valuation Above Market
InPlaceLeaseValuationAboveMarket
17203000 usd
CY2023Q4 gcnl In Place Lease Valuation Above Market
InPlaceLeaseValuationAboveMarket
22759000 usd
CY2024Q1 gcnl In Place Lease Valuation Above Market Accumulated Amortization
InPlaceLeaseValuationAboveMarketAccumulatedAmortization
11459000 usd
CY2023Q4 gcnl In Place Lease Valuation Above Market Accumulated Amortization
InPlaceLeaseValuationAboveMarketAccumulatedAmortization
16616000 usd
CY2024Q1 gcnl In Place Lease Valuation Above Market Net
InPlaceLeaseValuationAboveMarketNet
5744000 usd
CY2023Q4 gcnl In Place Lease Valuation Above Market Net
InPlaceLeaseValuationAboveMarketNet
6143000 usd
CY2024Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
32027000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
32028000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8853000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8481000 usd
CY2024Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
23174000 usd
CY2023Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
23547000 usd
CY2024Q1 gcnl Finite Lived Intangible Asset Off Market Lease Including Related To Real Estate Held For Sale
FiniteLivedIntangibleAssetOffMarketLeaseIncludingRelatedToRealEstateHeldForSale
28918000 usd
CY2023Q4 gcnl Finite Lived Intangible Asset Off Market Lease Including Related To Real Estate Held For Sale
FiniteLivedIntangibleAssetOffMarketLeaseIncludingRelatedToRealEstateHeldForSale
29690000 usd
CY2024Q1 gcnl In Place Lease Valuation Below Market
InPlaceLeaseValuationBelowMarket
42148000 usd
CY2023Q4 gcnl In Place Lease Valuation Below Market
InPlaceLeaseValuationBelowMarket
42534000 usd
CY2024Q1 gcnl Land Leasehold Interest Above Market
LandLeaseholdInterestAboveMarket
3072000 usd
CY2023Q4 gcnl Land Leasehold Interest Above Market
LandLeaseholdInterestAboveMarket
3072000 usd
CY2024Q1 gcnl Other Intangible Assets Above Market
OtherIntangibleAssetsAboveMarket
170000 usd
CY2023Q4 gcnl Other Intangible Assets Above Market
OtherIntangibleAssetsAboveMarket
187000 usd
CY2024Q1 gcnl In Place Lease Valuation Below Market Accumulated Amortization
InPlaceLeaseValuationBelowMarketAccumulatedAmortization
30101000 usd
CY2023Q4 gcnl In Place Lease Valuation Below Market Accumulated Amortization
InPlaceLeaseValuationBelowMarketAccumulatedAmortization
29770000 usd
CY2024Q1 gcnl In Place Lease Valuation Below Market Net
InPlaceLeaseValuationBelowMarketNet
15289000 usd
CY2023Q4 gcnl In Place Lease Valuation Below Market Net
InPlaceLeaseValuationBelowMarketNet
16023000 usd
CY2024Q1 gcnl Deferred Costs Leasing Gross Including Related To Real Estate Held For Sale
DeferredCostsLeasingGrossIncludingRelatedToRealEstateHeldForSale
397872000 usd
CY2023Q4 gcnl Deferred Costs Leasing Gross Including Related To Real Estate Held For Sale
DeferredCostsLeasingGrossIncludingRelatedToRealEstateHeldForSale
402251000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
225208000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
221786000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
172664000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
180465000 usd
CY2024Q1 gcnl Lease Valuation Amortization
LeaseValuationAmortization
-259000 usd
CY2023Q1 gcnl Lease Valuation Amortization
LeaseValuationAmortization
122000 usd
CY2024Q1 gcnl Tenant Origination Absorption Cost Amortization
TenantOriginationAbsorptionCostAmortization
7450000 usd
CY2023Q1 gcnl Tenant Origination Absorption Cost Amortization
TenantOriginationAbsorptionCostAmortization
10836000 usd
CY2024Q1 gcnl Amortization Of Ground Leasehold Interest
AmortizationOfGroundLeaseholdInterest
97000 usd
CY2023Q1 gcnl Amortization Of Ground Leasehold Interest
AmortizationOfGroundLeaseholdInterest
96000 usd
CY2024Q1 gcnl Amortization Of Other Leasing Costs
AmortizationOfOtherLeasingCosts
498000 usd
CY2023Q1 gcnl Amortization Of Other Leasing Costs
AmortizationOfOtherLeasingCosts
561000 usd
CY2022Q3 gcnl Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
41 property
CY2022Q3 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
1100000000 usd
CY2022Q4 gcnl Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
5 property
CY2022Q4 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
170400000 usd
CY2024Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
184200000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1421083000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1441545000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4650000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5622000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
1416433000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1435923000 usd
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
22700000 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17775000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17073000 usd
CY2024Q1 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
8279000 usd
CY2023Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
9710000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
9507000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
9661000 usd
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
3559000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
5165000 usd
CY2024Q1 gcnl Accrued Property Operating Expenses
AccruedPropertyOperatingExpenses
2121000 usd
CY2023Q4 gcnl Accrued Property Operating Expenses
AccruedPropertyOperatingExpenses
4469000 usd
CY2024Q1 gcnl Accrued Construction In Progress
AccruedConstructionInProgress
53000 usd
CY2023Q4 gcnl Accrued Construction In Progress
AccruedConstructionInProgress
1183000 usd
CY2024Q1 gcnl Accrued Tenant Obligations
AccruedTenantObligations
665000 usd
CY2023Q4 gcnl Accrued Tenant Obligations
AccruedTenantObligations
551000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
22173000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
30417000 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
64132000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
78229000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
74100000 usd
CY2024Q1 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5 loan
CY2024Q1 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5 loan
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36346608 shares
CY2024Q1 gcnl Percentage Of Noncontrolling Interests Based On Weighted Average Shares
PercentageOfNoncontrollingInterestsBasedOnWeightedAverageShares
0.081
CY2024Q1 gcnl Limited Partners Capital Account Units Issued In Exchange For Property
LimitedPartnersCapitalAccountUnitsIssuedInExchangeForProperty
3200000 shares
CY2024Q1 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
20000.00 shares
CY2023Q4 gcnl Limited Partners Capital Account Number Of Annual Installments For Awards Settlement
LimitedPartnersCapitalAccountNumberOfAnnualInstallmentsForAwardsSettlement
4 installment
CY2023Q4 gcnl Limited Partners Capital Account Units Redeemed
LimitedPartnersCapitalAccountUnitsRedeemed
209954 shares
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
51600000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
58300000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
139438000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
186113000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
183891000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
170973000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
156268000 usd
CY2024Q1 gcnl Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
598758000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1435441000 usd
CY2024Q1 gcnl Operating Leases Number Of Ground Leases
OperatingLeasesNumberOfGroundLeases
3 lease
CY2024Q1 gcnl Finance Leases Number Of Ground Leases
FinanceLeasesNumberOfGroundLeases
2 lease
CY2024Q1 gcnl Lessee Operating Lease Option To Renew
LesseeOperatingLeaseOptionToRenew
0 option
CY2024Q1 gcnl Operating Leases Number Of Office Space
OperatingLeasesNumberOfOfficeSpace
2 office_space
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
500000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
500000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P75Y3M18D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P15Y8M12D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0499
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0342
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1606000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
309000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2051000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
365000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1748000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
375000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1527000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
381000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1595000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
386000 usd
CY2024Q1 gcnl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
248695000 usd
CY2024Q1 gcnl Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
3072000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
257222000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4888000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
213290000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1888000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
43932000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
3000000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q1 gcnl Net Operating Income
NetOperatingIncome
47627000 usd
CY2023Q1 gcnl Net Operating Income
NetOperatingIncome
53519000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5470000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
9017000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9680000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9728000 usd
CY2024Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
166000 usd
CY2023Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
378000 usd
CY2024Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1376000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
23415000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31356000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
16148000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
17014000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
4045000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
1212000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-14661000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
9177000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
30610000 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4594000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3187000 usd
CY2024Q1 gcnl Net Operating Income
NetOperatingIncome
47627000 usd
CY2023Q1 gcnl Net Operating Income
NetOperatingIncome
53519000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
74052000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
78647000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2011864000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2059559000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.225
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
gcnl-20240331_cal.xml Edgar Link unprocessable
0001600626-24-000074-index-headers.html Edgar Link pending
0001600626-24-000074-index.html Edgar Link pending
0001600626-24-000074.txt Edgar Link pending
0001600626-24-000074-xbrl.zip Edgar Link pending
ex103-pkstxfirstamendmentt.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gcnl-20240331.htm Edgar Link pending
gcnl-20240331.xsd Edgar Link pending
image_0a.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
pkst3312024ex311_me1.htm Edgar Link pending
pkst3312024ex312_jb1.htm Edgar Link pending
pkst3312024ex321_me1.htm Edgar Link pending
pkst3312024ex322_jb1.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
gcnl-20240331_lab.xml Edgar Link unprocessable
gcnl-20240331_pre.xml Edgar Link unprocessable
gcnl-20240331_def.xml Edgar Link unprocessable
gcnl-20240331_htm.xml Edgar Link completed
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending