U.S. equity markets pushed higher this past week - while short-term benchmark interest rates plunged to three-year lows - after employment data provided decisive evidence of cooling labor markets. Viewed by markets as a "Goldilocks" set of reports, the reports showed slowing - but still positive - job growth in August alongside consistent evidence of cooling wage pressures and emerging slack. A...
Peakstone's ambitious shift to an industrial REIT is underway, with industrial assets now comprising 48% of ABR, up from 26% a year ago. The transition faces challenges: office asset impairments, high leverage (net debt/EBITDA 6.6x), and a recent 56% dividend cut to preserve capital. Industrial segment growth is promising, but office divestitures and market headwinds (tariffs, rates) create ong...
Peakstone Realty Trust (NYSE:PKST ) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET Company Participants Javier F. Bitar - CFO & Treasurer Michael J.
Peakstone Realty Trust shares rallied 5% post-Q1 results, showing progress in leasing new properties and reducing office exposure despite significant asset debt and unproven IOS track record. Q1 results were impacted by $52 million in property impairments, but core FFO of $0.62 provided strong coverage for its $0.225 dividend. The strategic pivot to industrial outdoor storage is promising, but ...
Peakstone Realty Trust (NYSE:PKST ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Steve Swett – Investor Relations Mike Escalante – President and Chief Executive Officer Javier Bitar – Chief Financial Officer Conference Call Participants Jana Galan – Bank of America Kathryn Graves – UBS Anthony Hau – Truist Securities Operator Greetings, and welcome to Peakstone R...
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