Education
About Us
Working with TipRanks
Follow Us
Peakstone Realty Trust (PKST)
NYSE:PKST
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.11Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 6.87%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment overall, with significant achievements in strategic transitions, successful asset sales, and improved financial metrics. Despite reporting a net loss and challenges in reaching target leverage, the company's strategic focus and execution in the industrial sector are promising.Company Guidance
In the Peakstone Realty Trust's First Quarter 2025 earnings call, the company provided detailed guidance on its ongoing strategic transition to an industrial real estate investment trust (REIT) with a focus on the industrial outdoor storage (iOS) subsector. Key metrics highlighted include a $2.4 million increase in industrial segment Annualized Base Rent (ABR) quarter over quarter, driven by a 10% rise in ABR from iOS properties. The company also completed approximately $144 million in office asset sales year-to-date, advancing their portfolio realignment efforts. Industrial segment ABR represented 41% of total ABR at quarter end and 43% on a pro forma basis. The company signed a nine-point-eight-year lease for its largest iOS redevelopment property in Everett, Washington, contributing approximately $1.7 million of incremental ABR with 8% annual rent escalations. Financial results for the quarter showed total revenue at $57 million, cash NOI at $46 million, and a net loss of $49.4 million, which included a $52 million non-cash impairment related to office asset sales. Pro forma metrics after office dispositions indicated total debt at approximately $1.26 billion, with a net debt to adjusted EBITDAre ratio of 6.8 times. The company also maintained a balanced approach towards future acquisitions and office asset dispositions to enhance shareholder value and reduce leverage.Strategic Transition to Industrial REIT
Peakstone Realty Trust continues to make progress in transitioning to an industrial REIT, with a focus on the industrial outdoor storage (iOS) subsector, increasing industrial segment ABR by $2,400,000 quarter over quarter.
Successful Office Asset Sales
Closed $144,000,000 of office asset sales year to date, with office dispositions continuing to align with strategic goals. Completed the sale of two properties for $34,000,000 and three additional properties for $110,000,000.
Leasing Achievements
Fully leased the largest iOS redevelopment property in Everett, Washington, contributing $1,700,000 of incremental ABR to the industrial segment. New lease in Mableton, Georgia added $300,000 in ABR.
Strong Financial Metrics
Total revenue reached approximately $57,000,000, and cash NOI approximately $46,000,000. Same store cash NOI increased 5.8% for the industrial segment and 3.1% for the office segment.
Improved Leverage Position
Reduced net debt to adjusted EBITDAre to 6.8 times after paying down $100,000,000 of revolver, with total liquidity of approximately $330,000,000.
PKST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PKST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $11.21 | $11.77 | +5.00% |
Feb 20, 2025 | $10.48 | $10.23 | -2.39% |
Oct 30, 2024 | $12.74 | $12.62 | -0.94% |
Aug 08, 2024 | $11.54 | $11.36 | -1.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Peakstone Realty Trust (PKST) report earnings?
Peakstone Realty Trust (PKST) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Peakstone Realty Trust (PKST) earnings time?
Peakstone Realty Trust (PKST) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PKST EPS forecast?
PKST EPS forecast for the fiscal quarter 2025 (Q2) is -0.05.