Peakstone Realty Trust ( (PKST) ) has released its Q3 earnings. Here is a breakdown of the information Peakstone Realty Trust presented to its investors.
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Peakstone Realty Trust is a real estate investment trust focused on owning and operating industrial assets, with a strategic emphasis on industrial outdoor storage.
In its third-quarter 2025 earnings report, Peakstone Realty Trust highlighted its ongoing transformation into an industrial-only REIT, reporting significant progress in its industrial outdoor storage sector and a substantial reduction in leverage.
The company reported approximately $25.8 million in revenue from continuing operations and a net income of $3.8 million, with net income attributable to common shareholders at $3.5 million, or $0.09 per share. Peakstone’s core funds from operations stood at $0.48 per share, while adjusted funds from operations were $0.47 per share. The company also executed several new industrial outdoor storage leases, adding approximately $1.1 million in annualized base rent and acquired three new properties for $57.7 million. Additionally, Peakstone sold $247 million worth of office properties during the quarter and $116 million after the quarter’s end, reflecting its strategic shift away from office assets.
The company’s portfolio at the end of the quarter consisted of 86 properties, with 70 in the industrial segment and 16 office properties classified as held for sale. The industrial segment achieved a 100% occupancy rate, with a weighted average lease term of 4.7 years.
Looking ahead, Peakstone Realty Trust remains confident in its strategy to focus on the industrial outdoor storage sector, with plans to continue optimizing its portfolio and creating value for shareholders.