Professional
Added to YB: 2025-07-28
Pitch date: 2025-07-24
PKST [neutral]
Peakstone Realty Trust
+53.09%
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 Trustis 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
$774.0M
Pitch Price
$13.56
Price Target
N/A
Dividend
1.92%
EV/EBITDA
10.35
P/E
-208.27
EV/Sales
6.90
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.
Read full article (1 min)