Added to YB: 2024-06-04
Pitch date: 2024-05-24
PKST [bullish]
Peakstone Realty Trust
+84.23%
current return
Author Info
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Company Info
As of May 6, 2026, Peakstone Realty Trust was taken private. 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.
Market Cap
$781.5M
Pitch Price
$11.39
Price Target
23.42 (+12%)
Dividend
N/A
EV/EBITDA
27.32
P/E
-15.70
EV/Sales
11.51
Sector
Office REITs
Category
value
Peakstone Realty Trust - $PKST
PKST: Distressed office REIT at $13, believe worth mid-$20s. Office in turmoil but new supply halted & old converted to resi/industrial. PKST has 7.6yr WALT (5% expiring thru 2026), quality assets, 50%+ Sunbelt. Industrial 30%+ of EBITDA at 20x multiple. Upside as office stabilizes.
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