Peakstone Realty Trust

NYSE:PKST Stock Report

Market Cap: US$780.2m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Peakstone Realty Trust Future Growth

Future criteria checks 3/6

Peakstone Realty Trust is forecast to grow earnings and revenue by 31% and 6.3% per annum respectively. EPS is expected to grow by 31% per annum. Return on equity is forecast to be 1.2% in 3 years.

Key information

31.0%

Earnings growth rate

31.03%

EPS growth rate

Office REITs earnings growth-1.3%
Revenue growth rate6.3%
Future return on equity1.24%
Analyst coverage

Low

Last updated09 Mar 2026

Recent future growth updates

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 Alpha
Narrative 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.
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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 Alpha

Earnings and Revenue Growth Forecasts

NYSE:PKST - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028123-3N/AN/A2
12/31/20271286N/AN/A2
12/31/202613316N/AN/A1
12/31/2025106-566969N/A
9/30/2025221-4100100N/A
6/30/2025222-309494N/A
3/31/2025226-659999N/A
12/31/2024116-459595N/A
9/30/2024150-699393N/A
6/30/2024169-164105105N/A
3/31/2024214-5598383N/A
12/31/202396-4748989N/A
9/30/2023210-7677676N/A
6/30/2023265-7506262N/A
3/31/2023343-406119119N/A
12/31/2022406-412153153N/A
9/30/2022460-182185185N/A
6/30/2022479-69226226N/A
3/31/20224757224224N/A
12/31/20214602205205N/A
9/30/2021437-8191191N/A
6/30/2021412-19177177N/A
3/31/2021397-19162162N/A
12/31/2020391-13165165N/A
9/30/2020397-8170170N/A
6/30/20204029155155N/A
3/31/202040120159159N/A
12/31/201938225161161N/A
9/30/201936329N/A137N/A
6/30/201934723N/A146N/A
3/31/201933017N/A133N/A
12/31/201833418N/A121N/A
9/30/2018329126N/A135N/A
6/30/2018330132N/A128N/A
3/31/2018326133N/A134N/A
12/31/2017344141N/A142N/A
9/30/201733432N/A140N/A
6/30/201733530N/A144N/A
3/31/201733927N/A143N/A
12/31/201634125N/A137N/A
9/30/201634835N/A140N/A
6/30/201634530N/A136N/A
3/31/20163202N/A106N/A
12/31/2015282-4N/A100N/A
9/30/2015252-14N/A87N/A
6/30/2015222-20N/A74N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PKST is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: PKST is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PKST is expected to become profitable in the next 3 years.

Revenue vs Market: PKST's revenue (6.3% per year) is forecast to grow slower than the US market (11.2% per year).

High Growth Revenue: PKST's revenue (6.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PKST's Return on Equity is forecast to be low in 3 years time (1.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/05 15:44
End of Day Share Price 2026/05/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Jeffrey SpectorBofA Global Research
Jana GalanBofA Global Research
Joshua DennerleinBofA Global Research