Professional
Added to YB: 2026-04-30
Pitch date: 2026-04-28
PKST [neutral]
Peakstone Realty Trust
+0.05%
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 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
$20.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
27.32
P/E
-15.70
EV/Sales
11.51
Sector
Office REITs
Category
special_situation
Alluvial Fund Portfolio Holding: Peakstone Realty Trust
PKST (exited position): Acquired by Brookfield for $21/share. Was unpopular industrial/office hybrid REIT trading at 11% cap rate w/ $500M market cap & high overhead. Thesis: rapid office portfolio shrinkage, proceeds redeployed to industrial, declining expenses would transform into pure-play industrial REIT warranting 7% cap rate revaluation. Brookfield accelerated expected re-rating.
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