NYSE$PKST
Peakstone Realty Trust · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Peakstone Realty Trust reported its fourth quarter and full year 2024 financial results, highlighting a strategic shift towards industrial outdoor storage (IOS) properties, significant acquisitions and dispositions, and strong leasing activity.
Peakstone Realty Trust reported a revenue of $57.9 million and net income attributable to common shareholders of $12.7 million, or $0.35 per basic and diluted share, for the fourth quarter of 2024. The company also completed a substantial industrial outdoor storage (IOS) portfolio acquisition for $490.0 million and divested $317 million of non-core assets in 2024, demonstrating a strategic shift towards industrial assets.
- Revenue for Q4 2024 was approximately $57.9 million, primarily impacted by strategic dispositions.
- Net income attributable to common shareholders for Q4 2024 was approximately $12.7 million, or $0.35 per basic and diluted share, a significant improvement from a net loss in the prior year.
- The company acquired 51 industrial outdoor storage (IOS) properties for $490.0 million in Q4 2024, establishing a significant presence in this subsector.
- Peakstone divested all remaining assets in its Other Segment (10 properties) for approximately $189.5 million in Q4 2024, contributing to total dispositions of $317.4 million for the full year.
Headline financials
Revenue & EPS history
Peakstone · Revenue · Quarterly
$57.9M
Revenue by segment
Peakstone · $8.3M total across 1 segment · Q3 2023
- Other NOI$8.3M—100.0%
Forward guidance
Peakstone Realty Trust plans to continue its strategic shift towards industrial outdoor storage (IOS) properties in 2025, focusing on further non-core asset divestments and targeted IOS investments, while also managing debt reduction.
Tailwinds
- Continued focus on investing in IOS properties to enhance growth profile.
- Strategic divestment of non-core assets to streamline portfolio.
- Commitment to reducing leverage while balancing debt reduction with new investments.
- Leveraging experienced real estate operators to drive long-term growth and value.
- Anticipated stabilization of redevelopment properties within 12 to 36 months.
Headwinds
- Increased debt due to the closing of the IOS portfolio.
- Potential challenges in divesting non-core assets.
- Market volatility and interest rate fluctuations could impact future performance.
- Competition for tenants and properties may affect leasing and acquisition activities.
- Uncertainty regarding the timing and success of redevelopment property stabilization.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.3%
Avg return
30 days after
29%
6 / 21 earnings
Positive
+9.9%
Q1 2023
Best reaction
-12.5%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | -1.3% | -6.1% | -1.0% | |
| Q2 2025 | -12.5% | -10.6% | -1.7% | |
| Q1 2025 | +4.1% | +8.7% | +15.1% | |
| Q4 2024 | -2.3% | +2.4% | +23.5% | |
| Q3 2024 | +0.8% | +0.5% | +5.5% | |
| Q2 2024 | +2.7% | +1.1% | +17.3% | |
| Q1 2024 | -6.0% | +3.9% | -15.0% | |
| Q4 2023 | +2.9% | +4.1% | +17.9% | |
| Q3 2023 | +3.4% | +9.8% | +28.8% | |
| Q2 2023 | -2.5% | -3.9% | -14.3% | |
| Q1 2023 | +9.9% | +10.9% | +55.0% | |
| Q2 2022 | +0.0% | +0.0% | -53.7% | |
| Q4 2022 | +0.0% | +0.0% | -53.7% | |
| Q3 2022 | +0.0% | +0.0% | +0.0% | |
| Q1 2022 | +0.0% | +0.0% | -1.7% | |
| Q2 2021 | +0.0% | +0.0% | +0.0% | |
| Q4 2021 | +0.0% | +0.0% | +15.2% | |
| Q3 2021 | +0.0% | +0.0% | -9.0% | |
| Q1 2021 | +0.0% | +0.0% | -1.1% | |
| Q4 2020 | +0.0% | +0.0% | +0.0% | |
| Q2 2020 | +0.0% | +0.0% | +0.0% | |
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