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Peakstone Realty Trust PKST

Real Estate · REIT - Office · United States
https://www.pkst.com

Peakstone Realty Trust is a real estate investment trust executing a strategic transition to become an industrial-only REIT, targeting growth in the industrial outdoor storage sector. As part of this transition, the Company is actively reshaping its portfolio by divesting its office properties and increasing its exposure to IOS. The Company's fiscal year ends on December 31, 2025. PKST OP, L.P., our operating partnership, owns, directly and indirectly all of the Company's assets. As of June 30, 2025, the Company owned, directly and indirectly through a wholly-owned subsidiary, approximately 92.6% of the outstanding common units of limited partnership interest in the Operating Partnership. As of June 30, 2025, our portfolio is comprised of 94 properties, consisting of 89 operating properties and 5 redevelopment properties (those designated for redevelopment or repositioning) reported in two segments - Industrial and Office. Peakstone Realy Trust was established on August 28, 2008 and incorporated in Maryland.

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$20.98
+90.66% 1Y

Market & Price

Market Cap
$780.38M
Current Price
$20.98
High / Low (52W)
$20.98 / $10.79
Beta
1.12

Valuation

Stock P/E
-
Industry PE
26.58
Forward P/E
-
PEG Ratio
-
Book Value
$20.05
Price to Book
1.05
P/S
7.36
EV/EBITDA
24.63
Dividend Yield
1.91%

Profitability & Returns

ROCE
-0.26%
ROE
-6.22%
ROA
0.12%
Profit Margin
-
Op Margin
-5.39%
EPS (Latest Qtr)
$0.09
EPS (TTM)
$-1.52

Balance Sheet & Liquidity

Debt/Equity
0.61
Quick Ratio
5.43
Current Ratio
5.70
Debt
$477.78M
Total Assets
$1.35B
Current Assets
$164.61M
Working Capital
$142.46M

Ownership

Promoter Holding
1.58%
Chg in Prom Hold
0.00%
FII / Inst Holding
58.40%
Chg in FII Hold
-0.07%

Financial Snapshot

Enterprise Value
$1.15B
Total Revenue (TTM)
$105.98M
EBITDA
$46.78M
Free Cash Flow
$1.05B
Operating Cash Flow
$68.72M
Shares Outstanding
37.19M
Gross Margin
86.51%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-36.63%
Profit 5Y
7.80%
Revenue (YoY)
-12.80%
Earnings (YoY)
-73.00%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -36.6% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PKST Peakstone Realty Trust 20.98 - $780.38M 1.91% -0.26% -6.22% -36.63% 7.80%
2 WELL Welltower Inc. SPX 205.33 99.19 $144.95B 1.44% 0.26% 3.67% 22.69% 87.90%
3 PLD Prologis, Inc. SPX 143.47 36.14 $133.76B 2.98% 4.94% 6.84% 13.74% -0.36%
4 EQIX Equinix, Inc. SPX 1,068.04 74.07 $105.33B 1.84% 5.61% 10.06% 8.27% 24.18%
5 AMT American Tower Corporation SPX 186.96 30.11 $87.10B 3.73% 7.82% 29.95% 3.34% 12.73%
6 SPG Simon Property Group, Inc. SPX 204.91 14.25 $77.86B 4.29% 17.44% 113.59% 6.35% 29.32%
7 DLR Digital Realty Trust, Inc. SPX 190.00 50.53 $67.96B 2.57% 3.99% 5.69% 9.22% 51.32%
8 O Realty Income Corporation SPX 61.28 50.23 $57.14B 5.30% 3.27% 2.83% 19.80% 6.78%
9 PSA Public Storage SPX 303.69 31.34 $53.31B 3.95% 10.69% 20.18% 4.88% -25.69%
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Quarterly Results

Figures in USD.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue -57.93M56.97M54.03M25.80M25.99M
Cost of Revenue -10.49M8.77M8.63M3.28M4.10M
Gross Profit -47.44M48.20M45.39M22.52M21.89M
Operating Expenses -35.02M34.13M31.96M21.42M22.86M
Operating Income -12.42M14.07M13.43M1.10M-969.00K
EBITDA -55.56M-11.98M-248.25M22.72M11.36M
Interest Expense -15.92M15.98M15.13M16.65M11.98M
Pretax Income -13.82M-53.40M-286.76M-7.03M-13.97M
Tax Provision ------
Net Income -12.71M-49.38M-265.30M3.50M3.48M
Diluted EPS -0.35-1.35-7.220.090.09

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -416.49M143.84M116.36M105.98M
Cost of Revenue -93.26M32.75M23.58M14.29M
Gross Profit -323.22M111.09M92.78M91.69M
Operating Expenses -231.09M105.17M85.09M87.67M
Operating Income -92.13M5.92M7.68M4.02M
EBITDA --165.82M-392.20M54.09M48.72M
Interest Expense -84.82M59.37M55.98M56.56M
Pretax Income --441.38M-512.74M-49.39M-60.02M
Tax Provision -----
Net Income --401.67M-550.55M-10.43M-307.71M
Diluted EPS --11.41-15.50-0.30-8.37

Compounded Sales Growth

5 Years:-36.63%
1 Year:-12.80%

Compounded Profit Growth

5 Years:7.80%
1 Year:-73.00%

Stock Price Performance

1 Year:+90.66%
6 Months:+54.58%
3 Months:+0.94%
1 Month:+0.41%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -3.63B2.79B2.68B1.35B
Current Assets -338.33M513.95M1.28B164.61M
Cash & Equivalents -233.18M391.80M146.51M138.67M
Inventory -----
Receivables -79.57M63.27M22.96M18.17M
Total Liabilities -1.65B1.59B1.52B574.12M
Current Liabilities -59.21M47.07M101.47M22.15M
Long Term Debt -1.49B1.44B1.34B474.01M
Total Debt -1.53B1.48B1.35B475.34M
Total Equity -1.81B1.11B1.09B745.42M
Shares Outstanding -36.00M36.30M36.73M37.18M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -152.68M89.15M94.66M68.72M
Investing Cash Flow -1.10B308.56M-215.84M834.10M
Financing Cash Flow --1.20B-234.64M-125.62M-910.59M
Capital Expenditure -----
Free Cash Flow -152.68M89.15M94.66M68.72M
Net Change in Cash -51.80M163.07M-246.80M-7.77M

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -77.6%77.2%79.7%86.5%
Operating Margin % -22.1%4.1%6.6%3.8%
Net Margin % --96.4%-382.8%-9.0%-290.3%
ROE % --22.2%-49.5%-1.0%-41.3%
ROCE % -2.6%0.2%0.3%0.3%

Shareholding Pattern

Insiders
1.58%
Institutions
58.40%
Public Float
59.33%

Top Institutional Holders

#Holder% HeldSharesValue
1 Vanguard Group Inc 9.65% 3.59M $75.27M
2 Blackrock Inc. 9.03% 3.36M $70.48M
3 Morgan Stanley 6.72% 2.50M $52.47M
4 Centaurus Financial, Inc. 3.59% 1.34M $28.02M
5 J. Goldman & Co., L.P. 2.56% 952.11K $19.98M
6 Geode Capital Management, LLC 2.52% 938.41K $19.69M
7 Charles Schwab Investment Management, Inc. 2.50% 928.59K $19.49M
8 State Street Corporation 2.08% 774.60K $16.26M
9 TCW Group, Inc. 1.27% 473.80K $9.94M
10 Ameriprise Financial, Inc. 1.19% 442.20K $9.28M

Analyst View

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