Peakstone Realty Trust (PKST) AI Stock Analysis

• Market Cap: $450.32M
• Dividend Yield: 7.35%
• Average Volume (3M): 166.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: -6.69%
• EPS Growth: -118.66%
• Country: US
• Employees: 38
• Sector: Real Estate
• Sector Strength: 44
• Industry: REIT - Diversified
• EPS (TTM): -7.22
• Shares Outstanding: 36,790,867
• 10 Day Avg. Volume: 251,961
• 30 Day Avg. Volume: 166,978
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.52
• Enterprise Value/Revenue: 7.08
• Enterprise Value/Gross Profit: 9.81
• Enterprise Value/Ebitda: 11.67
• 1Y Price Target: $13.83
• Price Target Upside: 10.73% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 49 Neutral
• Price Target: $12.50 ▲(0.08% Upside)

Peakstone Realty Trust's overall stock score reflects significant financial challenges, including declining revenues and high leverage, which are the most impactful factors. While there is strategic progress in transitioning to an industrial-focused REIT, the technical analysis indicates bearish momentum, and valuation metrics are concerning due to ongoing losses. The earnings call provides some optimism with strategic initiatives, but substantial obstacles remain.

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 the leasing of its properties to a variety of tenants. The company earns rental income from long-term lease agreements, which provide a steady cash flow. Additionally, PKST may engage in property sales to realize capital gains, enhancing overall profitability. The company's revenue is also influenced by factors such as occupancy rates, rental rate trends, and effective cost management. Strategic partnerships with property management firms and real estate developers can further optimize operations and expand the company's property portfolio, contributing to its earnings.

Peakstone Realty Trust Financial Statement Overview

Summary

Peakstone Realty Trust faces significant challenges with declining revenues and persistent net losses. The company maintains operational efficiency, as seen in its EBIT and EBITDA margins, but high leverage and negative profitability impact its financial health. Cash flow management is a relative strength, providing some stability amidst financial pressures.

Income Statement

Peakstone Realty Trust's income statement shows a declining revenue trend with a significant drop from 2022 to TTM 2025. The gross profit margin remains relatively strong at 71.7% for TTM 2025, but the company is struggling with profitability, as indicated by a negative net income and net profit margin of -28.7%. The EBIT margin is moderate at 22.8%, and EBITDA margin is 39.3%, suggesting some operational efficiency despite the net losses.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.41, indicating significant leverage. The equity ratio is 39.3%, showing a moderate level of equity financing. Return on equity is negative due to net losses, highlighting profitability challenges. The company's financial stability is under pressure due to high debt levels and declining equity.

Cash Flow

Cash flow analysis shows a positive operating cash flow to net income ratio, indicating strong cash generation relative to net income. However, free cash flow growth is stagnant, with TTM 2025 free cash flow only slightly higher than previous periods. The free cash flow to net income ratio is positive, reflecting efficient cash flow management despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	223.89M	228.07M	254.28M	416.49M	459.87M	397.45M
Gross Profit	161.52M	184.35M	89.65M	326.72M	357.37M	292.22M
EBITDA	135.72M	146.76M	-427.27M	282.88M	310.30M	234.93M
Net Income	-326.36M	-10.43M	-550.58M	-401.67M	11.33M	-4.25M
Balance Sheet
Total Assets	2.19B	2.68B	2.79B	3.63B	5.27B	4.15B
Cash, Cash Equivalents and Short-Term Investments	264.39M	146.51M	418.74M	233.18M	186.14M	168.95M
Total Debt	1.34B	1.44B	1.50B	1.53B	2.58B	2.19B
Total Liabilities	1.41B	1.52B	1.59B	1.65B	2.77B	2.41B
Stockholders Equity	740.31M	1.09B	1.11B	1.81B	2.28B	1.51B
Cash Flow
Free Cash Flow	53.93M	94.66M	89.15M	-999.13M	181.49M	163.01M
Operating Cash Flow	53.93M	94.66M	89.15M	152.68M	204.98M	164.54M
Investing Cash Flow	-86.50M	-215.84M	308.56M	1.10B	-62.81M	-24.97M
Financing Cash Flow	-195.75M	-125.62M	-234.64M	-1.20B	-159.34M	-49.52M

Peakstone Realty Trust Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PKST, the sentiment is Negative. The current price of 12.49 is below the 20-day moving average (MA) of 13.26, below the 50-day MA of 13.27, and above the 200-day MA of 11.97, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 41.09 is Neutral, neither overbought nor oversold. The STOCH value of 30.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PKST.

Peakstone Realty Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OLP	74 Outperform	$491.18M	17.59	9.16%	7.92%	5.57%	-14.50%
AHH	71 Outperform	$713.51M	76.52	3.55%	9.83%	-25.73%	―
CTO	63 Neutral	$543.50M	36.87	-5.66%	9.26%	22.26%	-328.46%
Sector *	63 Neutral	$6.87B	13.23	-1.02%	7.29%	3.62%	-23.52%
GOOD	59 Neutral	$616.34M	36.51	8.51%	9.17%	5.85%	―
BRSP	55 Neutral	$720.17M	―	-2.41%	11.55%	-14.73%	79.63%
PKST	49 Neutral	$450.32M	―	-35.52%	7.35%	-6.69%	-118.66%

Peakstone Realty Trust Corporate Events

Peakstone Realty Trust Expands Long-Term Incentive Plan

On May 28, 2025, Peakstone Realty Trust held its annual meeting where shareholders approved an amendment to increase the number of shares in the company’s long-term incentive plan by 2,000,000 shares. Additionally, the meeting saw the election of five trustees, approval of executive compensation, and ratification of Ernst & Young LLP as the independent accounting firm.