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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)