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. PKST OP, L.P., our operating partnership, owns, directly and indirectly all of the Company's assets. As of June 30, 2025, the Company owned, directly and indirectly through a wholly-owned subsidiary, approximately 92.6% of the outstanding common units of limited partnership interest in the Operating Partnership. As of June 30, 2025, our portfolio is comprised of 94 properties, consisting of 89 operating properties and 5 redevelopment properties (those designated for redevelopment or repositioning) reported in two segments - Industrial and Office. Peakstone Realy Trust was established on August 28, 2008 and incorporated in Maryland.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $106M | $49M | $-308M | $69M | -41.3% | -8.9% | 2851.6% |
| 2024 | $116M | $54M | $-10M | $95M | -1.0% | -19.1% | -98.1% |
| 2023 | $144M | $-392M | $-551M | $89M | -49.5% | -65.5% | 37.1% |
| 2022 | $416M | $-166M | $-402M | $153M | -23.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 416.48 | 143.84 | 116.36 | 105.98 |
| Operating Revenue | - | 416.48 | 143.84 | 116.36 | 105.98 |
| Cost Of Revenue | - | 93.26 | 32.75 | 23.58 | 14.30 |
| Gross Profit | - | 323.22 | 111.09 | 92.78 | 91.69 |
| Operating Expense | - | 231.09 | 105.17 | 85.09 | 87.67 |
| Selling General And Administration | - | 38.99 | 42.84 | 36.97 | 34.92 |
| Total Expenses | - | 324.35 | 137.92 | 108.68 | 101.96 |
| Operating Income | - | 92.13 | 5.92 | 7.68 | 4.02 |
| EBITDA | - | -165.82 | -392.20 | 54.09 | 48.72 |
| Normalized EBITDA | - | 271.94 | -96.57 | 69.66 | 63.55 |
| EBIT | - | -356.57 | -453.37 | 6.59 | -3.46 |
| Interest Expense | - | 84.82 | 59.37 | 55.98 | 56.56 |
| Net Interest Income | - | -84.82 | -59.37 | -55.98 | -56.56 |
| Other Non Operating Income Expenses | - | -0.94 | 13.11 | 14.48 | 7.35 |
| Other Income Expense | - | -448.70 | -459.29 | -1.10 | -7.47 |
| Interest Expense Non Operating | - | 84.82 | 59.37 | 55.98 | 56.56 |
| Net Non Operating Interest Income Expense | - | -84.82 | -59.37 | -55.98 | -56.56 |
| Pretax Income | - | -441.38 | -512.74 | -49.39 | -60.02 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -441.38 | -512.74 | -49.39 | -60.02 |
| Net Income From Continuing And Discontinued Operation | - | -401.67 | -550.55 | -10.42 | -307.71 |
| Net Income From Continuing Operation Net Minority Interest | - | -401.67 | -458.19 | -48.45 | -35.10 |
| Net Income | - | -401.67 | -550.55 | -10.42 | -307.71 |
| Net Income Common Stockholders | - | -411.91 | -557.93 | -10.42 | -307.71 |
| Net Income Including Noncontrolling Interests | - | -441.38 | -605.10 | -11.36 | -332.63 |
| Normalized Income | - | 36.09 | -162.55 | -32.88 | -20.27 |
| Diluted NI Availto Com Stockholders | - | -411.91 | -557.93 | -10.42 | -307.71 |
| Basic Average Shares | - | 36.06 | 35.99 | 36.38 | 36.80 |
| Diluted Average Shares | - | 36.06 | 35.99 | 36.38 | 36.80 |
| Reconciled Depreciation | - | 110.99 | 41.71 | 33.85 | 26.88 |
| Reconciled Cost Of Revenue | - | 173.02 | 52.21 | 37.23 | 39.59 |
| Total Unusual Items | - | -437.76 | -295.63 | -15.57 | -14.82 |
| Total Unusual Items Excluding Goodwill | - | -437.76 | -295.63 | -15.57 | -14.82 |
| Preferred Stock Dividends | 9.70 | 10.06 | 2.38 | - | - |
| Minority Interests | - | 39.71 | 54.56 | 0.94 | 24.93 |
| Net Income Discontinuous Operations | - | - | -92.36 | 38.03 | -272.61 |
| Special Income Charges | - | -437.76 | -295.63 | -15.57 | -14.82 |
| Other Special Charges | - | 13.25 | - | -10.47 | 2.48 |
| Write Off | 4.24 | 127.58 | 409.51 | - | - |
| Impairment Of Capital Assets | - | 262.85 | 299.83 | 63.59 | 18.20 |
| Restructuring And Mergern Acquisition | - | 22.39 | 24.96 | 0.82 | 0.56 |
| Depreciation Amortization Depletion Income Statement | - | 190.74 | 61.17 | 47.50 | 52.18 |
| Depreciation And Amortization In Income Statement | - | 190.74 | 61.17 | 47.50 | 52.18 |
| General And Administrative Expense | - | 38.99 | 42.84 | 36.97 | 34.92 |
| Other Gand A | - | 38.99 | 42.84 | 36.97 | 34.92 |
| Gain On Sale Of Ppe | - | -139.28 | 29.16 | 38.37 | 6.41 |
| Other Operating Expenses | - | 1.35 | 1.15 | 0.62 | 0.57 |
| Otherunder Preferred Stock Dividend | - | 0.18 | 5.01 | 0 | 0 |
| Earnings From Equity Interest | - | -9.99 | -176.77 | 0 | 0 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Peakstone Realty Trustthis co. | PKST | $781M | -2.54 | 1.05 | -41.3% | 22.93 |
| PennyMac Mortgage Investment Trust | PMT | $889M | 10.34 | 0.47 | 4.6% | - |
| Adamas Trust, Inc. | ADAM | $818M | 5.49 | 0.92 | 16.8% | - |
| Postal Realty Trust, Inc. | PSTL | $795M | 56.15 | 2.79 | 5.0% | 20.12 |
| Sky Harbour Group Corporation | SKYH | $733M |
| - |
| - |
| - |
| - |
| - |
| - |
| 38.96 |
| 5.74 |
| 14.7% |
| 73.86 |
| Invesco Mortgage Capital Inc. | IVR | $731M | 7.21 | 1.16 | 16.0% | - |
| BrightSpire Capital, Inc. | BRSP | $726M | -23.30 | 0.77 | -3.3% | -13935.72 |
| CTO Realty Growth, Inc. | CTO | $678M | 67.19 | 1.20 | 1.8% | 13.39 |
| Redwood Trust, Inc. | RWT | $667M | -9.53 | 0.73 | -7.6% | - |
| Peer Median | - | 8.78 | 1.04 | 4.8% | 16.76 | |
Historically, Feb has averaged the highest return (+11.4%); Aug the lowest (-10.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.9%Positive MonthJan 2026: +8.85% | +33.5%Positive MonthFeb 2026: +33.55% | +0.1%Neutral MonthMar 2026: +0.14% | +0.4%Neutral MonthApr 2026: +0.43% | +0.0%Neutral MonthMay 2026: +0.05% | — | — | — | — | — | — | — |
| 2025 | -2.9%Negative MonthJan 2025: -2.89% | +5.5%Positive MonthFeb 2025: +5.49% | +11.1%Positive MonthMar 2025: +11.11% | -8.7%Negative MonthApr 2025: -8.65% | +7.6%Positive MonthMay 2025: +7.65% | +6.6%Positive MonthJun 2025: +6.62% | +3.0%Positive MonthJul 2025: +2.95% | -6.5%Negative MonthAug 2025: -6.47% | +3.1%Positive MonthSep 2025: +3.14% | +3.0%Positive MonthOct 2025: +2.97% | +1.2%Neutral MonthNov 2025: +1.18% | +5.0%Positive MonthDec 2025: +4.97% |
| 2024 | -27.3%Negative MonthJan 2024: -27.35% | -4.9%Negative MonthFeb 2024: -4.90% | +17.1%Positive MonthMar 2024: +17.14% | -13.4%Negative MonthApr 2024: -13.39% | -11.2%Negative MonthMay 2024: -11.24% | -14.5%Negative MonthJun 2024: -14.52% | +28.1%Positive MonthJul 2024: +28.11% | -1.8%Neutral MonthAug 2024: -1.77% | +2.2%Positive MonthSep 2024: +2.17% | -3.7%Negative MonthOct 2024: -3.74% | +4.6%Positive MonthNov 2024: +4.65% | -19.4%Negative MonthDec 2024: -19.37% |
| 2023 | — | — | — | — | +8.5%Positive MonthMay 2023: +8.51% | +15.9%Positive MonthJun 2023: +15.90% | -9.2%Negative MonthJul 2023: -9.24% | -22.5%Negative MonthAug 2023: -22.45% | -15.3%Negative MonthSep 2023: -15.32% | -22.4%Negative MonthOct 2023: -22.36% | +23.5%Positive MonthNov 2023: +23.53% | +24.9%Positive MonthDec 2023: +24.87% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 4 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.