Peakstone Realty Trust reported solid Q3 2025 results, driven by strategic transformation into an industrial-focused REIT, highlighted by strong performance in its industrial outdoor storage (IOS) portfolio and continued office property sales.
- Reduced debt by approximately $450 million, improving total leverage to 5.4x on a pro forma basis.
- Achieved 100% leasing occupancy in the IOS operating portfolio with significant rent growth, posting weighted average re-leasing spreads of 116% on a cash basis.
- Completed $363 million in office property sales, leaving only 12 properties remaining for sale, with fast-tracked interest from buyers expected to close by early 2026.
- Acquired three IOS properties totaling $58 million, enhancing the investment pipeline with solid returns.
- Reported total revenue of $25.8 million from continuing operations, with FFO at $18.3 million or $0.46 per share.
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