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Peakstone Realty - PKST STOCK NEWS

Welcome to our dedicated page for Peakstone Realty news (Ticker: PKST), a resource for investors and traders seeking the latest updates and insights on Peakstone Realty stock.

Peakstone Realty Trust (symbol: PKST) is an internally managed, publicly registered real estate investment trust (REIT) specializing in the ownership and operation of single-tenant industrial and office properties. The company's portfolio features primarily newer vintage assets, strategically located in high-growth coastal and sunbelt markets across 24 states. With approximately 19 million square feet under management, Peakstone Realty Trust ensures that its properties are leased to creditworthy tenants through long-term contractual agreements.

The REIT's focus on high-quality real estate assets in thriving economic regions underscores its commitment to delivering consistent and sustainable returns to its investors. Peakstone continues to expand its portfolio by targeting properties in areas with robust economic activity and demographic growth, ensuring that the assets remain highly desirable to tenants.

Recent achievements include the successful acquisition of prime industrial properties in Florida and Texas, further consolidating Peakstone's presence in key markets. The trust is also involved in several development projects aimed at enhancing the value and functionality of its existing properties. These projects are anticipated to drive increased occupancy rates and rental income, thereby bolstering financial performance.

Financially, Peakstone Realty Trust remains well-positioned with a strong balance sheet and a disciplined approach to capital allocation. The company's partnerships with leading industrial and office tenants not only secure steady income streams but also contribute to the long-term stability of its asset base. Peakstone's strategic initiatives and sound financial practices make it a compelling choice for investors seeking exposure to the real estate sector.

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Peakstone Realty Trust announces the date for its first quarter 2024 earnings release and webcast. The company will share its financial results on May 7, 2024, after the market closes, followed by a webcast presentation at 5:00 p.m. Eastern Time. Investors can access the webcast on the company's website or by phone using the provided dial-in numbers.
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Peakstone Realty Trust (PKST) schedules its 2024 annual meeting of shareholders on June 18, 2024. The record date is April 16, 2024, with a focus on its high-quality, newer-vintage portfolio of single-tenant industrial and office properties.
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Peakstone Realty Trust (PKST) announces property dispositions totaling $336 million, significant deleveraging of the balance sheet, and strong leasing activity. The company reported revenue of $254.3 million for full year 2023, with a net loss of $(557.9) million. The company improved its leverage ratio to 6.2x and ended the year with $392 million in cash on hand.
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Peakstone Realty Trust (NYSE: PKST) announced the release of its fourth quarter and full year 2023 financial results on February 22, 2024, followed by a webcast presentation. The company focuses on owning and operating a portfolio of single-tenant industrial and office properties. The webcast will be available for replay on the company's website, and access details are provided for both online and phone participation.
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Peakstone Realty Trust (PKST) announced the tax treatment of the Company’s 2023 distributions for its common shares. The total 2023 distributions per share amount to $0.525, with record dates and payable dates specified. The company also completed a one-for-nine reverse share split and converted common shares into Class E common shares.
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Peakstone Realty Trust (PKST) announces Q3 2023 financial results with revenue of $61.7 million, net loss of $(139.9) million, and lease renewals totaling 116,600 square feet. The company continues to deleverage its balance sheet and increase liquidity to over half a billion dollars.
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Peakstone Realty Trust to release Q3 2023 financial results
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Peakstone Realty Trust approves distribution of $0.225 per share for Q3 2023
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Peakstone Realty Trust (PKST) announced its financial results for Q2 2023, reporting revenue of $62.5 million and a net loss of $(452.4) million. The company sold five properties for $130.8 million, bringing year-to-date sales to over $300 million. PKST also declared a dividend of $0.225 per common share for the second quarter.
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FAQ

What is the current stock price of Peakstone Realty (PKST)?

The current stock price of Peakstone Realty (PKST) is $11.34 as of February 28, 2025.

What is the market cap of Peakstone Realty (PKST)?

The market cap of Peakstone Realty (PKST) is approximately 406.1M.

What type of properties does Peakstone Realty Trust own?

Peakstone Realty Trust owns predominantly single-tenant industrial and office properties.

How large is Peakstone Realty Trust's real estate portfolio?

Peakstone Realty Trust's portfolio spans approximately 19 million square feet across 24 states.

In which markets are Peakstone Realty Trust's properties located?

Peakstone's properties are primarily located in high-growth coastal and sunbelt markets.

Who are the tenants of Peakstone Realty Trust's properties?

The properties are leased to creditworthy tenants through long-term lease agreements.

How does Peakstone Realty Trust ensure financial stability?

The trust maintains a strong balance sheet and adopts a disciplined approach to capital allocation.

What recent developments have been undertaken by Peakstone Realty Trust?

Recent developments include acquisitions of prime industrial properties in Florida and Texas.

What is the focus of Peakstone Realty Trust's expansion strategy?

The focus is on expanding in economically robust regions to enhance asset desirability and returns.

How does Peakstone Realty Trust contribute to investor returns?

By targeting high-quality assets and securing long-term leases, the trust aims to deliver consistent returns.

What is Peakstone Realty Trust's approach to property management?

The trust is involved in development projects to enhance property value and functionality.

What is the ticker symbol for Peakstone Realty Trust?

The ticker symbol for Peakstone Realty Trust is PKST.
Peakstone Realty

NYSE:PKST

PKST Rankings

PKST Stock Data

406.15M
36.39M
0.98%
42.94%
4.41%
REIT - Office
Real Estate Investment Trusts
Link
United States
El Segundo