Peakstone (PKST) Q2 AFFO Jumps 1,120%
Peakstone Realty Trust (NYSE:PKST), a real estate investment trust specializing in industrial and office properties, reported its second-quarter 2025 results on August 7, 2025. The headline news focused on better-than-expected operational earnings, substantial ongoing repositioning of its property portfolio, and a significant non-cash office-related asset impairment that led to a deep net loss. Adjusted funds from operations (AFFO) per share reached $0.61, far outpacing the analyst estimate of $0.05 (non-GAAP), while GAAP revenue was $54.0 million, compared to the $53.7 million GAAP consensus. Despite operational outperformance, the quarter's net loss (GAAP) ballooned to $(265.3 million) due to a major impairment on office assets. The company continues to advance its strategic transition to industrial focus but faces short-term earnings pressure and reduced dividends.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Peakstone Realty Trust is a real estate investment Trust (REIT) that owns and operates a portfolio of industrial and office properties across the United States.
Source Fool.com
