Core Viewpoint - Peakstone Realty Trust (PKST) is showing strong technical indicators for a potential bullish breakout, highlighted by a recent "golden cross" in its moving averages [1][3]. Technical Analysis - PKST's 50-day simple moving average has recently crossed above its 200-day moving average, indicating a bullish trend [1]. - The golden cross is a significant technical chart pattern that suggests a strong breakout potential, particularly when involving longer time periods like the 50-day and 200-day moving averages [1][2]. - The stock has moved 8.1% higher over the last four weeks, suggesting upward momentum [3]. Earnings Outlook - PKST is currently rated as a 1 (Strong Buy) on the Zacks Rank, indicating positive market sentiment [3]. - The earnings outlook for PKST is favorable, with no downward revisions in earnings estimates over the past two months and one upward revision, leading to an increase in the Zacks Consensus Estimate [3]. Investment Consideration - Given the technical indicators and positive earnings estimate revisions, PKST may present a good investment opportunity for potential gains in the near future [5].

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Peakstone Realty Trust (PKST) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Peakstone Realty Trust is one of 857 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Peakstone Realty Trust (PKST) - PKST currently holds a Momentum Style Score of B, indicating potential for solid momentum [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, PKST shares increased by 3.5%, while the Zacks REIT and Equity Trust - Other industry rose by only 0.19% [6] - In a longer timeframe, PKST's monthly price change is 11.19%, significantly outperforming the industry's 3.99% [6] - Over the last quarter, PKST shares rose by 6.82%, and over the past year, they increased by 22.54%, compared to the S&P 500's gains of 5.61% and 10.35%, respectively [7] Trading Volume - PKST's average 20-day trading volume is 142,862 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - Recent earnings estimate revisions for PKST show one upward revision in the past two months, raising the consensus estimate from $2.18 to $2.50 [10] - For the next fiscal year, there has been one upward revision with no downward revisions during the same period [10] Conclusion - Considering the performance metrics and earnings outlook, PKST is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a promising near-term investment option [12]

Core Viewpoint - Peakstone Realty Trust (PKST) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors [4][6]. - For Peakstone Realty Trust, the increase in earnings estimates suggests an improvement in the company's underlying business, likely leading to higher stock prices [5][10]. Earnings Estimate Revisions - Analysts have raised their earnings estimates for Peakstone Realty Trust, with the Zacks Consensus Estimate increasing by 7.5% over the past three months [8]. - The company is projected to earn $2.50 per share for the fiscal year ending December 2025, reflecting a year-over-year decline of 7.1% [8]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Peakstone Realty Trust places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].

Group 1 - Banco Bilbao (BBVA) has returned approximately 55.9% year-to-date, significantly outperforming the average return of 6.9% for Finance companies [4] - The Zacks Rank for Banco Bilbao is currently 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for BBVA's full-year earnings has increased by 4% over the past quarter, reflecting improving analyst sentiment [3] Group 2 - Banco Bilbao is part of the Banks - Foreign industry, which ranks 19 in the Zacks Industry Rank, with stocks in this group gaining about 24% year-to-date [5] - In comparison, Peakstone Realty Trust (PKST), another outperforming Finance stock, has increased by 16.5% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - The REIT and Equity Trust - Other industry, to which Peakstone Realty Trust belongs, is ranked 88 and has moved up by 3.6% this year [6]

Group 1: Stock Recommendations - Swedbank AB (publ) (SWDBY) has seen a 9.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 7.8%, significantly higher than the industry average of 3.7% [1] - Peakstone Realty Trust (PKST) has experienced a 14.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, with a dividend yield of nearly 7%, compared to the industry average of nearly 5% [2] - Postal Realty Trust, Inc. (PSTL) has seen a 5.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 2: Dividend Yields - The average dividend yield for Swedbank AB (publ) is 7.8%, while the industry average is 3.7% [1] - Peakstone Realty Trust has a dividend yield of nearly 7%, exceeding the industry average of nearly 5% [2] - Another company mentioned has a dividend yield of 6.8%, which is also above the industry average of nearly 5% [3]

分组1 - Peakstone Realty Trust reported quarterly funds from operations (FFO) of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.59 per share, but down from $0.70 per share a year ago, representing an FFO surprise of 5.08% [1] - The company posted revenues of $56.97 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.99%, and down from $59.23 million year-over-year [2] - Over the last four quarters, Peakstone Realty Trust has surpassed consensus FFO estimates two times, but has not beaten consensus revenue estimates [2] 分组2 - The stock has added about 0.6% since the beginning of the year, while the S&P 500 has declined by 4.3% [3] - The current consensus FFO estimate for the coming quarter is $0.60 on revenues of $55.88 million, and for the current fiscal year, it is $2.18 on revenues of $219.83 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 42% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [8]

Financial Data and Key Metrics Changes - Total revenue for the quarter was approximately $57 million, with cash NOI around $46 million [12] - Net loss attributable to common shareholders was approximately $49.4 million, or $1.35 per share, including a noncash impairment of about $52 million related to potential asset sales in the office segment [12] - Same store cash NOI increased by 5.8% in the industrial segment and 3.1% in the office segment, resulting in an overall increase of 4% compared to the same quarter last year [12] - Core FFO and AFFO were both approximately $24.6 million, or $0.62 per share on a fully diluted basis [12] Business Line Data and Key Metrics Changes - The industrial segment's ABR increased by $2.4 million quarter over quarter, driven by a 10% rise in AVR from iOS properties [4] - Industrial segment ABR represented 41% of total ABR at quarter end and 43% on a pro forma basis after accounting for office dispositions [5] - Significant leasing activity included a fully leased iOS redevelopment property in Everett, Washington, contributing approximately $1.7 million in incremental ABR [5][6] Market Data and Key Metrics Changes - The company has closed approximately $144 million in office asset sales year to date, with strong investor demand for office assets [5][9] - Office properties with more than five years of remaining term are generally priced on a cap rate basis between 7.5% and 12.5% on in-place NOI [10] - The company has completed over $2 billion in office sales across more than 30 markets over the past three years [9] Company Strategy and Development Direction - The company is transitioning to an industrial REIT, focusing on growth in the industrial outdoor storage (iOS) subsector [4] - The strategy includes reshaping the portfolio through targeted iOS growth initiatives and strategic asset sales, primarily in the office segment [4] - The company aims to divest office assets to reallocate capital to higher growth opportunities within the iOS space and reduce leverage [18] Management's Comments on Operating Environment and Future Outlook - Management believes high-quality iOS properties in supply-constrained markets present significant long-term growth opportunities [18] - The company expects to continue paying dividends quarterly, with future decisions made by the board of trustees [17] - Management is optimistic about the future and is actively engaged in the marketplace during the transition [56][57] Other Important Information - The company introduced two new reporting metrics: core FFO and adjusted EBITDAre to enhance comparability in evaluating ongoing performance [11] - Total liquidity at quarter end was approximately $336 million, consisting of cash and available revolver capacity [13] - The weighted average interest rate for all debt remains at 4.4%, with 88% of the debt fixed [16] Q&A Session Summary Question: Can you help us think about the ABR at the remaining five iOS sites? - Management indicated that they are not providing specific guidance on ABR ranges due to the variety of locations but are comfortable with the ranges previously indicated [20][21] Question: What are you seeing in the market regarding additional acquisition opportunities? - Management noted a balanced approach to growth and leverage, with a good pipeline of individual deals and portfolios being evaluated [22][24][25] Question: What is your target leverage and timeline for bringing it down to a comfortable level? - Management's target leverage is in the six times range or below, and they are currently at 6.8 times after recent asset sales [32][33] Question: What will determine how much you push the gas on office dispositions? - Management stated that dispositions are evaluated on a case-by-case basis, focusing on maximizing shareholder value and achieving favorable pricing [36][38] Question: What characteristics differentiate office assets at the lower end of the cap rate range versus the higher end? - Management explained that the differentiation generally comes down to lease duration and specific property characteristics [42][43] Question: How would you characterize tenant demand in the IOS segment? - Management reported stable demand, with interest from tenants willing to take properties as is, and no significant changes in demand since acquiring the properties [49][51]

Peakstone Realty Trust (PKST) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Realty Trust First Quarter twenty twenty five Earnings Webcast Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It Speaker1 is Speaker0 now my pleasure to introduce your host, Mr. Steve Sweth, Investor Relations. Please go ahead, sir. Speaker1 Good afternoon, and thank you for ...

First Quarter 2025 Disclaimers / Forward-Looking Disclosure Cautionary Statement Regarding Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We intend for all such forward-looking statements to be covered by the applicable safe harbor provisi ...