Leases (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Future Minimum Base Rents to be Received

The following table (i) sets forth undiscounted cash flows for future contractual base rents to be received under operating leases as of June 30, 2025, and (ii) excludes estimated reimbursements of Recoverable Operating Expenses:


	June 30, 2025
Remaining 2025	$	86,226
2026	172,526
2027	154,936
2028	140,381
2029	124,559
Thereafter	421,210
Total	$	1,099,838

Schedule of Lease, Cost

The following table sets forth the weighted-average for the lease term and the discount rate for the ground leases and office leases in which the Company is a lessee as of June 30, 2025:


	As of June 30, 2025
Lease Term and Discount Rate	Operating	Financing
Weighted-average remaining lease term in years	75.3	15.8
Weighted-average discount rate (1)	4.95%	3.55%

(1)Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate at the commencement of each lease, the Company considered rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements.

Schedule of Operating Lease, Maturity

Maturities of lease liabilities as of June 30, 2025 were as follows:


	As of June 30, 2025
	Operating		Financing
2025	$	996	$	353
2026	1,748		375
2027	1,527		381
2028	1,595		386
2029	1,630		391
Thereafter	247,063		2,681
Total undiscounted lease payments	254,559		4,567
Less: imputed interest	(210,560)		(1,832)
Total lease liabilities	$	43,999	$	2,735

Schedule of Finance Lease, Maturity

Maturities of lease liabilities as of June 30, 2025 were as follows:


	As of June 30, 2025
	Operating		Financing
2025	$	996	$	353
2026	1,748		375
2027	1,527		381
2028	1,595		386
2029	1,630		391
Thereafter	247,063		2,681
Total undiscounted lease payments	254,559		4,567
Less: imputed interest	(210,560)		(1,832)
Total lease liabilities	$	43,999	$	2,735

Peakstone Realty Trust 10-Q