Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Peakstone Realty Trust (PKST)
NYSE:PKST
RESEARCH TOOLSreports
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.27Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -2.34%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant strategic advancements, particularly the shift towards industrial assets and a successful acquisition enhancing growth opportunities. However, there are concerns about increased leverage and minimal same-store cash NOI growth, which present areas for improvement. Overall, the positive strategic achievements outweigh the lowlights.Company Guidance
During Peakstone Realty Trust's fourth-quarter 2024 earnings call, the company provided several key metrics and strategic guidance. They highlighted a significant shift towards industrial assets, with their industrial Annual Base Rent (ABR) now comprising nearly 40% of total ABR, up from 25% at the start of 2024. The company acquired a 51-property infill industrial outdoor storage (IOS) portfolio for $490 million and divested $317 million in non-core assets, including the entire other segment. Their operating portfolio at year-end included 103 properties, with 64 in the industrial segment and 33 in the office segment. The industrial segment achieved 100% lease occupancy, and the office segment was 99% leased. Financially, Peakstone reported total revenue of approximately $58 million and net income of $12.7 million for the quarter. Their Funds From Operations (FFO) was $29.2 million, while Adjusted Funds From Operations (AFFO) totaled $25.6 million. The company also successfully amended and extended its credit facility, maintaining a net debt to normalized EBITDAre ratio of 7.5 times.Successful Shift Towards Industrial Portfolio
Peakstone Realty Trust significantly advanced its strategic plan to shift its portfolio towards industrial properties, with industrial ABR now comprising nearly 40% of total ABR, up from 25% at the beginning of 2024.
Acquisition of Infill Industrial Outdoor Storage Portfolio
The company acquired a premier 51-property infill industrial outdoor storage (IOS) portfolio for $490 million, enhancing its growth profile with a 70% mark-to-market opportunity.
Strong Leasing Activity
Leased approximately 837,000 square feet with a weighted average lease term of 4.5 years, achieving favorable re-leasing spreads of 32% on a GAAP basis and 23% on a cash basis.
Extension of Credit Facility
Amended and extended the credit facility, extending over $750 million of near-term maturities to 2028, and incorporated updated covenants facilitating asset dispositions.
---
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 |
|---|---|---|---|
| Feb 20, 2025 | $10.67 | $10.42 | -2.34% |
| Oct 30, 2024 | $12.97 | $12.85 | -0.93% |
| Aug 08, 2024 | $11.76 | $11.56 | -1.70% |
| May 07, 2024 | $12.96 | $12.68 | -2.16% |
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 May 20, 2025, TBA Not Confirmed.
What is Peakstone Realty Trust (PKST) earnings time?
Peakstone Realty Trust (PKST) earnings time is at May 20, 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 (Q1) is -0.27.
---