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Stock impact report

Peakstone Realty Trust Reports Third Quarter 2024 Results

Peakstone Realty Trust Common Shares (PKST) 
Company Research Source: Business Wire
- Completed 147,400 square feet of Leasing at Significant Spreads- Multiple Sales Meaningfully reduced Other Segment (now approximately 10% of ABR)- Strong Foundation for Growth EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended September 30, 2024.Michael Escalante, CEO commented, “As a result of our team’s dedication and strategic approach, I am excited to announce that we have laid the groundwork for the next phase of our business plan – growing our Industrial Segment. Thanks to our demonstrated ability to generate positive leasing outcomes and sell office assets, we have nearly eliminated our Other Segment, secured a sustainable capital structure through the successful amendment and extension of our credit facility, and fully Show less Read more
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