Peakstone Realty Trust (PKST) AI Stock Analysis

• Market Cap: $574.67M
• Dividend Yield: 5.44%
• Average Volume (3M): 190.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: -16.50%
• EPS Growth: -640.43%
• Country: US
• Employees: 38
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): -0.18
• Shares Outstanding: 36,790,867
• 10 Day Avg. Volume: 254,476
• 30 Day Avg. Volume: 190,918
• PEG Ratio: 0.39
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 1.77
• P/FCF Ratio: 4.25
• Enterprise Value/Market Cap: 0.43
• Enterprise Value/Revenue: 1.28
• Enterprise Value/Gross Profit: 1.52
• Enterprise Value/Ebitda: -1.68
• 1Y Price Target: $18.00
• Price Target Upside: 30.62% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): -0.35
• Revenue Forecast (FY): $127.50M

• Rating: 58 Neutral
• Price Target: $21.50 ▲(56.02% Upside)

The score is held back mainly by weak and volatile profitability, declining TTM revenue, and elevated leverage, partially offset by currently positive cash generation. Sentiment is improved by strong operational execution in the industrial transition and meaningful debt reduction, while the announced all-cash acquisition provides a high-confidence value anchor. Technically, the trend is strong but readings are very overbought, adding near-term risk.

Positive Factors

Industrial portfolio concentration

Shifting the portfolio to industrial assets (>60% ABR) reduces exposure to weak office fundamentals and aligns the REIT with stronger demand drivers (logistics/IOS). This structural repositioning should support more stable cash rents, tenant credit quality, and durable FFO over the next several quarters.

Strong leasing momentum

Very large re-leasing spreads and full IOS occupancy demonstrate pricing power in the industrial outdoor storage niche. Higher contract rents and sustained high occupancy lift NOI and operating cash flow, improving margin sustainability and reducing downside risk from lease expirations.

Material debt reduction and liquidity

Substantial deleveraging and meaningful liquidity materially improve financial flexibility and reduce near-term refinancing risk. Lower gross leverage enhances the firm's ability to fund remaining dispositions, required capex, or opportunistic acquisitions without immediate reliance on volatile capital markets.

Negative Factors

Elevated leverage

Debt-to-equity above 1.0 raises sensitivity to interest rates and refinancing cycles. Elevated leverage can increase interest expense, constrain refinancing options, and limit capacity to invest in growth or absorb rent volatility, posing a durable constraint on credit flexibility over coming quarters.

Declining revenue and recurring net losses

Sustained top-line decline and recurring net losses undermine consistent FFO generation and the ability to fund dividends or organic growth. Reliance on one-off items or property sales to mask operating weakness increases earnings volatility and reduces confidence in durable cash generation.

Incomplete office dispositions and required capex

Remaining office assets prolong exposure to a structurally challenged sector and consume transaction and leasing resources. Additionally, required landlord improvements for some IOS leases increase near-term capital expenditures, adding execution and cash-flow timing risk during the transformation period.

Peakstone Realty Trust Business Overview & Revenue Model

Company Description

Griffin Capital Essential Asset REIT, Inc. – America's Blue-Chip Landlord– is a self-managed, publicly registered, non-traded REIT with a portfolio consisting primarily of single-tenant, business essential office and industrial properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration. GCEAR's portfolio as of September 30, 2020, consisted of 99 office and industrial properties (122 buildings), totaling 27.1 million rentable square feet, located in 25 states, representing a total enterprise value of approximately $4.5 billion.

How the Company Makes Money

Peakstone Realty Trust generates revenue primarily through rental income from its portfolio of commercial properties. The company leases space to tenants, collecting rent that serves as the core revenue stream. Additionally, PKST may earn income from property management fees, leasing commissions, and other ancillary services provided to its tenants. The company's revenue model is supplemented by capital appreciation of its real estate assets, which can be realized through property sales or refinancing. Strategic partnerships with local real estate firms and developers may also enhance its market presence and lead to acquisition opportunities, further contributing to its earnings.

Peakstone Realty Trust Financial Statement Overview

Summary

Fundamentals are mixed: revenue is down materially TTM and profitability has been volatile with recurring net losses, while leverage remains elevated. Offsetting this, operating and free cash flow are currently positive and improved recently, providing some support despite weak earnings quality.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined (-13.0%), and profitability is weak with a large net loss and deeply negative net margin. While gross margin remains strong and EBIT margin is positive in TTM, earnings have been highly volatile over the last several years (multiple loss years with only one modestly profitable year in 2021), limiting confidence in the durability of operating performance.

Balance Sheet

Leverage is elevated for a REIT, with debt-to-equity generally above 1.0 in most annual periods, which increases sensitivity to refinancing and rate pressure. Equity remains sizable, but returns to shareholders have been negative in most years (including TTM), reflecting that the asset base has not consistently translated into bottom-line profitability.

Cash Flow

Cash generation is a relative bright spot: operating cash flow is positive and improved in TTM versus 2024, and free cash flow is also positive in the most recent periods. However, cash flow quality has not been consistent across the history provided (notably a very large negative free cash flow in 2022), and the recent cash flow strength contrasts with current net losses, indicating potential volatility from non-cash charges, timing, or property-level factors.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	194.73M	228.07M	254.28M	416.49M	459.87M	390.93M
Gross Profit	163.55M	184.35M	201.86M	323.22M	353.30M	292.22M
EBITDA	-147.78M	146.76M	-427.27M	-165.82M	306.30M	181.43M
Net Income	-298.47M	-10.43M	-550.55M	-401.67M	11.50M	-4.25M
Balance Sheet
Total Assets	1.99B	2.68B	2.79B	3.63B	5.27B	4.15B
Cash, Cash Equivalents and Short-Term Investments	326.08M	146.51M	391.80M	233.18M	168.62M	168.95M
Total Debt	0.00	1.44B	1.50B	1.53B	2.61B	2.24B
Total Liabilities	1.21B	1.52B	1.59B	1.65B	2.77B	2.41B
Stockholders Equity	741.12M	1.09B	1.11B	1.81B	2.28B	1.51B
Cash Flow
Free Cash Flow	100.05M	94.66M	89.15M	-999.13M	181.49M	163.01M
Operating Cash Flow	100.05M	94.66M	89.15M	152.68M	204.98M	164.54M
Investing Cash Flow	131.47M	-215.84M	308.56M	1.10B	-62.81M	-24.97M
Financing Cash Flow	-164.06M	-125.62M	-234.64M	-1.20B	-159.34M	-49.52M

Peakstone Realty Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PKST, the sentiment is Positive. The current price of 13.78 is below the 20-day moving average (MA) of 14.58, below the 50-day MA of 14.26, and above the 200-day MA of 13.26, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 92.17 is Negative, neither overbought nor oversold. The STOCH value of 93.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PKST.

Peakstone Realty Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OLP	71 Outperform	$466.45M	13.97	10.91%	9.03%	7.71%	-5.37%
CTO	69 Neutral	$575.26M	-13.79	-5.80%	8.56%	23.84%	-312.04%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MDV	63 Neutral	$157.41M	-56.74	0.37%	8.15%	-0.59%	-160.22%
FVR	63 Neutral	$463.10M	-18.17	-4.39%	5.74%	―	―
GOOD	60 Neutral	$568.28M	63.14	5.96%	11.56%	4.95%	-6.49%
PKST	58 Neutral	$574.67M	-2.36	-31.72%	5.44%	-16.50%	-640.43%

Peakstone Realty Trust Corporate Events

Peakstone Realty Trust to Be Acquired by Brookfield

On February 2, 2026, Peakstone Realty Trust agreed to be acquired by a Brookfield Asset Management private real estate fund in an all-cash transaction valuing Peakstone at about $1.2 billion, with shareholders to receive $21.00 per share—representing premiums of 34%, 46% and 51% to the company’s closing price and 30- and 90-day VWAPs, respectively, as of January 30, 2026. The deal, unanimously approved by Peakstone’s board and expected to close by the end of the second quarter of 2026 subject to shareholder and customary approvals, includes a 30-day go-shop period running to March 4, 2026, a tiered termination-fee structure, committed equity and debt financing from Brookfield affiliates, suspension of Peakstone’s regular quarterly dividend during the merger process, and will result in Peakstone being taken private and delisted from the NYSE, underscoring Brookfield’s push to scale its industrial real estate platform and crystallizing the value of Peakstone’s recently streamlined industrial-only portfolio for existing investors.

The most recent analyst rating on (PKST) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Peakstone Realty Trust stock, see the PKST Stock Forecast page.