Professional
Added to YB: 2025-07-28
Pitch date: 2025-07-24
PKST [neutral]
Peakstone Realty Trust
+5.89%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Peakstone Realty Trust (“PKST” or the “Company”) is a real estate investment trust executing a strategic transition to become an industrial-only REIT, targeting growth in the industrial outdoor storage (“IOS”) sector.
Market Cap
$505.5M
Pitch Price
$13.66
Price Target
N/A
Dividend
2.91%
EV/EBITDA
8.53
P/E
-137.45
EV/Sales
5.69
Sector
Office REITs
Category
value
Alluvial Fund Portfolio Holding: Peakstone Realty Trust
PKST (holding update): Sold all non-core assets, marketing $100M office building. Post-sale will hit leverage target to focus on industrial storage platform growth. NAV ~$30/share (6% cap rate industrial, 9% office) vs $14 current price, with strong FCF yield supporting higher valuation despite corporate costs.
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