Peakstone Realty Trust Q4 revenue declines

Reuters
Feb 19
<a href="https://laohu8.com/S/PKST">Peakstone Realty Trust</a> Q4 revenue declines

Overview

  • Industrial REIT's Q4 revenue fell, missing analyst expectations

  • Net income for Q4 declined yr/yr

Outlook

  • Peakstone expects merger with Brookfield to close by Q2 2026

Result Drivers

  • INDUSTRIAL FOCUS - Transition to an industrial-only portfolio impacted revenue, with all office properties sold by year-end

  • LEASING SPREADS - Completed 11.4 acres of leasing with positive releasing spreads of 9.7% (GAAP) and 3.7% (cash)

  • DEBT REDUCTION - Reduced outstanding debt by $564.8 mln, resulting in total debt of $485.9 mln

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$26 mln

$28.57 mln (2 Analysts)

Q4 EPS

$0.09

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the commercial reits peer group is "hold"

  • Wall Street's median 12-month price target for Peakstone Realty Trust is $21.00, about 1.2% above its February 17 closing price of $20.75

Press Release: ID:nBw96h7ska

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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