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Peakstone Realty Trust (PKST) Stock Overview
A real estate investment trust executing a strategic transition to become an industrial-only REIT, targeting growth in the industrial outdoor storage sector. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
PKST Community Fair Values
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Analyst Price Targets
Peakstone Realty Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$20.99 |
| 52 Week High | US$21.00 |
| 52 Week Low | US$10.80 |
| Beta | 1.12 |
| 1 Month Change | 0.43% |
| 3 Month Change | 1.30% |
| 1 Year Change | 86.74% |
| 3 Year Change | 5.37% |
| 5 Year Change | n/a |
| Change since IPO | 80.17% |
Recent News & Updates
Narrative Update • Apr 23
PKST: Cash Deal At 21 Dollars Will Frame Downgrades And Execution Risks
Analysts have adjusted the Peakstone Realty Trust price target to $21.00, with the latest changes in discount rate, profit margin assumptions, and future P/E inputs occurring alongside recent downgrades from major firms. Analyst Commentary Recent research updates reflect a more cautious stance on Peakstone Realty Trust, with the latest price target set at US$21.00 and downgrades tied to revised discount rate, profit margin, and P/E assumptions.Narrative Update • Apr 07
PKST: Cash Deal At 21 Dollars Will Test Downgrades And Margin Concerns
Analysts have kept their average price target for Peakstone Realty Trust around $21.00. Recent downgrades from firms such as Truist and UBS reflect concerns around profit margins, discount rates, and a very high forward P/E multiple, rather than any major shift in their headline valuation view.Narrative Update • Mar 24
PKST: Cash Deal At 21 Dollars Will Put Downgrades And Margins To Test
Analysts have adjusted their view on Peakstone Realty Trust, with the consensus price target now set at $21.00, citing recent downgrades and updated expectations for revenue growth, discount rates, margins, and future P/E assumptions. Analyst Commentary Recent Street research has focused on how updated assumptions for revenue growth, discount rates, margins, and future P/E multiples affect the risk and reward profile for Peakstone Realty Trust at the current price target of US$21.00.Narrative Update • Mar 10
PKST: Cash Buyout At 21 Dollars Will Frame Execution And Margin Risk
The analyst price target for Peakstone Realty Trust has been revised to $21.00. Analysts point to updated assumptions around the discount rate, margin outlook, and a higher implied future P/E multiple, as reflected in recent downgrades from major research houses.Recent updates
Narrative Update • Apr 23
PKST: Cash Deal At 21 Dollars Will Frame Downgrades And Execution Risks
Analysts have adjusted the Peakstone Realty Trust price target to $21.00, with the latest changes in discount rate, profit margin assumptions, and future P/E inputs occurring alongside recent downgrades from major firms. Analyst Commentary Recent research updates reflect a more cautious stance on Peakstone Realty Trust, with the latest price target set at US$21.00 and downgrades tied to revised discount rate, profit margin, and P/E assumptions.Narrative Update • Apr 07
PKST: Cash Deal At 21 Dollars Will Test Downgrades And Margin Concerns
Analysts have kept their average price target for Peakstone Realty Trust around $21.00. Recent downgrades from firms such as Truist and UBS reflect concerns around profit margins, discount rates, and a very high forward P/E multiple, rather than any major shift in their headline valuation view.Narrative Update • Mar 24
PKST: Cash Deal At 21 Dollars Will Put Downgrades And Margins To Test
Analysts have adjusted their view on Peakstone Realty Trust, with the consensus price target now set at $21.00, citing recent downgrades and updated expectations for revenue growth, discount rates, margins, and future P/E assumptions. Analyst Commentary Recent Street research has focused on how updated assumptions for revenue growth, discount rates, margins, and future P/E multiples affect the risk and reward profile for Peakstone Realty Trust at the current price target of US$21.00.Narrative Update • Mar 10
PKST: Cash Buyout At 21 Dollars Will Frame Execution And Margin Risk
The analyst price target for Peakstone Realty Trust has been revised to $21.00. Analysts point to updated assumptions around the discount rate, margin outlook, and a higher implied future P/E multiple, as reflected in recent downgrades from major research houses.Narrative Update • Feb 23
PKST: Cash Buyout At 21 Dollars Will Test Execution Assumptions
Analysts have revised their Peakstone Realty Trust price target to $21.00, citing updated views on required returns, revenue growth, profitability, and a significantly higher assumed future P/E multiple following recent downgrades from major firms. Analyst Commentary Recent Street research on Peakstone Realty Trust highlights a mix of optimism around long term potential and caution tied to execution and valuation assumptions following the recent downgrades.Narrative Update • Feb 06
PKST: Future Buyout At 21 Dollars Will Frame Execution Risk
Narrative Update: Peakstone Realty Trust Analysts now see fair value for Peakstone Realty Trust at $21.00 compared with $16.00 previously, citing updated assumptions around discount rates, expected revenue trends, profit margins and future P/E, along with recent rating changes from research firms that have revisited their outlook on the shares. Analyst Commentary Recent Street research, including two downgrades this week, highlights a split view on Peakstone Realty Trust, with some analysts focused on potential upside drivers and others emphasizing execution and valuation risks at the new fair value level of $21.00.
Narrative Update • Jan 23
PKST: Future Returns Will Reflect Steady Fair Value And Slightly Softer Fundamentals
Analysts kept their Peakstone Realty Trust fair value target steady at US$15.00, citing only small tweaks to the discount rate, revenue contraction assumptions, and long term P/E expectations rather than any major shift in the underlying thesis. Valuation Changes Fair Value: Kept steady at US$15.00 per share, with no change to the headline target.Narrative Update • Jan 09
PKST: Future Returns Will Balance Softer Revenues With Modest Margin Support
Analysts have adjusted their price target on Peakstone Realty Trust to US$15.00. The update reflects a slightly higher discount rate, a smaller expected revenue decline of about 16% instead of roughly 22%, a modestly higher profit margin near 11%, and a lower assumed forward P/E of about 50x.Narrative Update • Dec 14
PKST: Future Returns Will Reflect Lower Risk But Weaker Fundamentals
Analysts have raised their price target on Peakstone Realty Trust from 13 dollars to 15 dollars, citing a lower perceived discount rate, expectations for weaker revenue growth and profit margins, and a richer future valuation multiple. Valuation Changes Fair Value: raised from $13 to $15.00, representing a modest upward revision in the estimated intrinsic value per share.Seeking Alpha • Dec 02
Peakstone's Transformation Takes Hold (Upgrade)
Summary Peakstone Realty Trust is transforming from an office REIT to a pure-play industrial REIT, focusing on industrial outdoor storage (IOS). PKST has made significant progress selling office assets, reducing leverage to 5.4x debt/EBITDA, and expects to complete the transformation by early next year. Leasing spreads on IOS properties reached 116% in Q3, supporting a $0.70 annualized FFO uplift as below-market leases reset over time. I upgrade PKST to "Buy," seeing 30%+ return potential as FFO and dividends rise, and shares converge toward book value (~$18/share). Read the full article on Seeking AlphaNarrative Update • Sep 05
Transformation To Industrial Outdoor Storage Will Build Lasting Resilience
Despite a slight decrease in the discount rate and a marginal dip in the future P/E ratio, valuation changes for Peakstone Realty Trust were minimal, with the consensus analyst price target remaining unchanged at $16.00. What's in the News Peakstone Realty Trust's Board approved a quarterly dividend of $0.10 per common share, representing a decrease.New Narrative • May 30
Accelerated Transformation To Industrial Outdoor Storage Will Deliver Superior Returns
Strategic portfolio shift to industrial outdoor storage assets and active office disposals strengthens long-term earnings potential, operating margins, and capital efficiency.Seeking Alpha • Nov 14
Peakstone Realty Trust: Acquisition Enhances Portfolio Narrative, But Risks Exist
Summary Peakstone Realty Trust's $490m acquisition of 51-Property Industrial Outdoor Storage properties marks a strategic entry into a high-growth, low-capex segment, despite concerns over stock buybacks. The deal includes 45 operational properties and six redevelopment sites, targeting yields of 7.0-8.0%, with a 70% mark-to-market opportunities and a 4.5-year WALT. The acquisition increases PKST's net debt to $1.4b, raising leverage to 7.9x EBITDA, which management plans to reduce. While the IOS acquisition enhances Peakstone's portfolio narrative, the tight cap rate and high leverage pose risks, leading to a neutral to negative impact on the valuation story. Read the full article on Seeking AlphaShareholder Returns
| PKST | US Office REITs | US Market | |
|---|---|---|---|
| 7D | 0.1% | 8.8% | -4.1% |
| 1Y | 86.7% | -7.6% | 20.6% |
Return vs Industry: PKST exceeded the US Office REITs industry which returned -10% over the past year.
Return vs Market: PKST exceeded the US Market which returned 28.4% over the past year.
Price Volatility
| PKST volatility | |
|---|---|
| PKST Average Weekly Movement | 0.3% |
| Office REITs Industry Average Movement | 4.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: PKST has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PKST's weekly volatility has decreased from 6% to 0% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 40 | Michael Escalante | 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.
Peakstone Realty Trust Fundamentals Summary
| PKST fundamental statistics | |
|---|---|
| Market cap | US$780.19m |
| Earnings (TTM) | -US$55.52m |
| Revenue (TTM) | US$105.98m |
7.4x
P/S Ratio-14.1x
P/E RatioIs PKST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PKST income statement (TTM) | |
|---|---|
| Revenue | US$105.98m |
| Cost of Revenue | US$14.30m |
| Gross Profit | US$91.69m |
| Other Expenses | US$147.21m |
| Earnings | -US$55.52m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.49 |
| Gross Margin | 86.51% |
| Net Profit Margin | -52.39% |
| Debt/Equity Ratio | 61.2% |
How did PKST perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield39%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 22:41 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Peakstone Realty Trust is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Spector | BofA Global Research |
| Jana Galan | BofA Global Research |
| Joshua Dennerlein | BofA Global Research |