Business
Peakstone Realty Trust Reports Fourth Quarter and Full Year 2025 Results
EL SEGUNDO, Calif., February 18, 2026--Peakstone Realty Trust ("Peakstone" or the "Company") (NYSE: PKST), an industrial real estate investment trust with a strategic focus on the industrial outdoor storage ("IOS") sector, today announced its financial results for the quarter and full year ended December 31, 2025.
About this update from Brookfield Asset Management Inc
[{"type":"text","content":"EL SEGUNDO, Calif., February 18, 2026--(BUSINESS WIRE)--Peakstone Realty Trust ("Peakstone" or the "Company") (NYSE: PKST), an industrial real estate investment trust with a strategic focus on the industrial outdoor storage ("IOS") sector, today announced its financial results for the quarter and full year ended December 31, 2025.","length":362,"tagName":"p"},{"type":"text","content":"Proposed Merger","length":15,"tagName":"p"},{"type":"text","content":"On February 2, 2026, the Company and PKST OP L.P., its operating partnership (the "Operating Partnership"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with certain affiliates of Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") in which, upon the terms and subject to the conditions set forth in the Merger Agreement, a Brookfield private real estate fund would acquire all of the outstanding shares of Peakstone for $21.00 per share in cash (collectively with the other transactions contemplated by the Merger Agreement, the "Mergers"). The all-cash transaction represents an implied enterprise value of approximately $1.2 billion. The proposed purchase price represents a premium of 34% to Peakstone’s share price on January 30, 2026, the last full trading day prior to the announcement of the Mergers, as well as a 46% premium to the Company’s 30-day volume weighted average price (VWAP) and a 51% premium to the Company’s 90-day VWAP, for the period ended January 30, 2026. The transaction was unanimously approved by the Peakstone Board of Trustees and is expected to close by the end of the second quarter of 2026, subject to customary closing conditions, including approval by the Company’s common shareholders.","length":1300,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2025 Highlights","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue: Approximately $26.0 million from continuing operations (excludes approximately $12.8 million of revenue from Office Discontinued Operations Properties).","length":161,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income: Approximately $3.7 million; net income attributable to common shareholders of approximately $3.5 million, or $0.09 per basic and diluted share.","length":15...