Peakstone Realty Trust : Investor Presentation May 2025

Published: 2025-05-08 20:08:40 ET PKST

Published on 05/08/2025 at 20:08

First Quarter 2025

Agenda

1

3

2

4

Industrial Segment

6

7

5

Office Segment Redevelopment Highlights

Capitalization Overview

3

1 Investment Opportunity

Targeting Growth in the Industrial Outdoor Storage ("IOS") Subsector

Go-Forward Strategy

Demonstrated Ability to Execute

Grow IOS portfolio concentration

- Through external and internal growth

Continue to strategically divest office assets

Strengthen balance sheet

- Target < 6.0x Net Debt / Adjusted EBITDAre2

Fully leased our largest IOS redevelopment site in Q1 2025

10% increase in IOS ABR in Q1 2025 vs. Q4 2024

Sold over $2bn of office assets over the last 3 years1

Completed sale of all Other segment assets in 2024

Reduced Net Debt / Adjusted EBITDAre2to:

Q1 2025 - 7.0x

Pro Forma Q1 2025 - 6.8x

25%

39%

41%

Industrial Segment ABR as a % of Total ABR

43%

Q4 2023

Q4 2024 Q1 2025 Pro Forma Q1 20253

Since beginning of 2022.

Based on LQA Adjusted EBITDAre. Adjusted EBITDAre is a non-GAAP financial measure. For a reconciliation to the most directly comparable GAAP financial measure, see slide 32.

After giving effect to office dispositions and associated debt paydown which occurred subsequent to quarter end. See slides 26 and 32. 4

Agenda

1

3

2

4

Investment Opportunity Industrial Outdoor Storage (IOS) Portfolio Overview

Industrial Segment

6

7

5

Office Segment Redevelopment Highlights

Capitalization Overview

5

Disclaimer

Peakstone Realty Trust published this content on May 08, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2025 at 22:28 UTC.