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Peakstone Realty Trust (PKST) 10-Year Financial Performance & Capital Metrics

PKST • • REIT / Real Estate
Real EstateDiversified REITsSingle-Tenant Net Lease REITsSpecialized Net Lease Focus
AboutGriffin Capital Essential Asset REIT, Inc. – America's Blue-Chip Landlord– is a self-managed, publicly registered, non-traded REIT with a portfolio consisting primarily of single-tenant, business essential office and industrial properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration. GCEAR's portfolio as of September 30, 2020, consisted of 99 office and industrial properties (122 buildings), totaling 27.1 million rentable square feet, located in 25 states, representing a total enterprise value of approximately $4.5 billion.Show more
  • Revenue $228M -10.3%
  • FFO $85M +119.3%
  • FFO/Share 2.32 +119.1%
  • FFO Payout 39.12% +520.2%
  • FFO per Share 2.32 +119.1%
  • NOI Margin 80.83% +1.8%
  • FFO Margin 37.07% +121.5%
  • ROE -0.89% +97.4%
  • ROA -0.38% +97.8%
  • Debt/Assets 53.75%
  • Net Debt/EBITDA 8.80 +25.5%
  • Book Value/Share 31.67 -5.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Sustainable FFO payout ratio of 39.1%
  • ✓High NOI margin of 80.8%
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗FFO declining 361.3% TTM

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.27%
5Y-9.79%
3Y-20.84%
TTM-16.5%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-593.63%

EPS CAGR

10Y-
5Y-
3Y-
TTM-583.19%

ROCE

10Y Avg2.9%
5Y Avg2.74%
3Y Avg1.83%
Latest1.93%

Peer Comparison

Specialized Net Lease Focus
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MDVModiv Inc.152.38M14.8370.62-1%2.97%0.69%11.97%1.31
GOODGladstone Commercial Corporation560.97M11.5944.581.22%13.59%11.4%10.15%4.07
EPRTEssential Properties Realty Trust, Inc.6.05B30.5426.5625.03%45.25%6.25%5.1%0.60
GIPRGeneration Income Properties, Inc.4.01M0.74-0.4827.91%-103.22%-35.52%25.5%2.14
PKSTPeakstone Realty Trust514.7M13.99-48.24-10.31%-153.27%-38.42%18.39%1.25

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+25.15M62.81M107.38M106.39M381.8M390.93M459.87M416.49M254.28M228.07M
Revenue Growth %-0.87%1.5%0.71%-0.01%2.59%0.02%0.18%-0.09%-0.39%-0.1%
Property Operating Expenses4.03M11.47M16.77M17.5M95.86M98.71M106.57M93.26M52.43M43.72M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+18.84M39.78M62.11M62.3M32.4M46.04M251.21M231.09M156.32M132.57M
G&A Expenses6.78M11.89M18.16M17.63M32.4M46.04M39.05M38.99M42.96M36.97M
EBITDA+14.34M69.96M107.99M277.38M330.67M337.58M311.73M282.88M157.74M146.76M
EBITDA Margin %----------
Depreciation & Amortization+12.06M58.39M81.35M258.35M77.14M91.4M209.64M190.75M112.2M94.98M
D&A / Revenue %----------
Operating Income+2.28M11.57M26.64M19.03M253.53M246.18M102.09M92.13M45.54M51.78M
Operating Margin %----------
Interest Expense+4.85M10.38M51.02M55.19M73.56M79.65M85.09M84.82M65.62M62.05M
Interest Coverage0.47x1.11x0.52x0.34x3.45x3.09x1.20x1.09x0.69x0.83x
Non-Operating Income13.93M7.28M6.6M748K149.84M156.15M5.43M448.7M585.02M0
Pretax Income+-16.5M-6.11M11.12M-3.29M37.04M-5.77M11.57M-441.38M-605.1M-11.36M
Pretax Margin %----------
Income Tax+4.82M10.39M13.66M12.8M000000
Effective Tax Rate %----------
Net Income+-16.47M-6.1M11.12M-3.28M32.98M-4.25M11.5M-401.67M-550.55M-10.43M
Net Margin %----------
Net Income Growth %0.12%0.63%2.82%-1.3%11.05%-1.13%3.71%-35.92%-0.37%0.98%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-1.51%12.85%0.77%1.76%-0.57%-0.21%1.54%-1.95%-1.08%1.19%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-0.95-0.358.15-0.190.11-0.060.05-11.41-15.50-0.29
EPS Growth %0.36%0.63%24.29%-1.02%1.58%-1.51%1.84%-241.72%-0.36%0.98%
EPS (Basic)-0.95-0.358.15-0.190.11-0.060.05-11.41-15.50-0.29
Diluted Shares Outstanding17.25M17.25M17.25M17.25M222.12M230.04M34.36M36.06M35.99M36.38M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+536.72M1.18B1.18B1.14B4.18B4.15B5.27B3.63B2.79B2.68B
Asset Growth %-0.74%1.21%-0%-0.04%2.67%-0.01%0.27%-0.31%-0.23%-0.04%
Real Estate & Other Assets+14.21M-2.46B-2.3B-4.28B82.96M76.57M4.67B31.88M2.13B2.33B
PP&E (Net)2.35B2.34B2.19B2.3B3.26B3.2B39.48M35.45M33.74M32.97M
Investment Securities1000K1000K1000K1000K1000K001000K00
Total Current Assets+122.87M68.98M69.47M73.92M187.11M302.83M295.31M338.33M513.95M214.58M
Cash & Equivalents17.61M49.34M33.16M28.62M54.83M168.95M168.62M233.18M391.8M146.51M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets71.78M14.22M12.89M35.49M59.27M35.76M17.52M-237.94M58.88M7.7M
Intangible Assets450.05M3.53M3.29M17.1M403.17M338.06M43.1M33.86M29.69M28.02M
Total Liabilities307.21M613.09M585M583.47M2.32B2.41B2.77B1.65B1.59B1.52B
Total Debt+297.22M456.47M481.85M481.95M2.04B2.24B2.61B1.53B1.5B1.44B
Net Debt279.61M407.13M448.68M453.33M1.98B2.07B2.45B1.3B1.11B1.29B
Long-Term Debt261.95M456.47M481.85M481.95M1.99B2.19B2.53B1.49B1.44B1.34B
Short-Term Borrowings000043K00000
Capital Lease Obligations35.26M00125M45.02M45.65M81.52M46.52M62.3M93.86M
Total Current Liabilities+39.93M41.64M33.17M39.93M64.98M56.04M86.97M94.03M47.07M42.91M
Accounts Payable0000000000
Deferred Revenue09.48M4.3M4.71M0026.48M12.4M9.71M9.87M
Other Liabilities1.4B114.98M69.98M61.58M220.94M117.88M70.71M21.29M40.08M42.81M
Total Equity+224.94M571.38M594.95M553.87M1.85B1.74B2.5B1.99B1.2B1.15B
Equity Growth %-0.82%1.54%0.04%-0.07%2.34%-0.06%0.44%-0.21%-0.39%-0.04%
Shareholders Equity224.84M571.3M594.87M552.68M1.6B1.51B2.28B1.81B1.11B1.09B
Minority Interest97.19K84K76K1.18M249.87M231.16M223.42M178.47M91.63M66.8M
Common Stock28.56K17M32.48M37.43M228K230K36K36K36K37K
Additional Paid-in Capital250.76M615.65M656.71M1.56B2.06B2.1B2.95B2.95B2.99B3.02B
Retained Earnings-25.94M-23.79M-12.67M-15.95M00141.98M-269.93M-827.85M-838.28M
Preferred Stock273.88M00129.89M125M125M125M125M00
Return on Assets (ROA)-0.01%-0.01%0.01%-0%0.01%-0%0%-0.09%-0.17%-0%
Return on Equity (ROE)-0.02%-0.02%0.02%-0.01%0.03%-0%0.01%-0.18%-0.35%-0.01%
Debt / Assets0.55%0.39%0.41%0.42%0.49%0.54%0.5%0.42%0.54%0.54%
Debt / Equity1.32x0.80x0.81x0.87x1.10x1.29x1.04x0.77x1.24x1.25x
Net Debt / EBITDA19.50x5.82x4.15x1.63x6.00x6.14x7.84x4.59x7.01x8.80x
Book Value per Share13.0433.1234.4832.108.347.5572.8055.0833.4531.67

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.94M16.44M39.71M40.95M160.85M164.54M204.98M152.68M89.15M94.66M
Operating CF Growth %-1.04%6.6%1.41%0.03%2.93%0.02%0.25%-0.26%-0.42%0.06%
Operating CF / Revenue %----------
Net Income-16.5M-6.11M11.12M-3.29M37.04M-5.77M11.57M-441.38M-550.58M-11.36M
Depreciation & Amortization12.06M27.89M43.95M44.66M80.39M93.98M125.39M113.19M112.2M61.96M
Stock-Based Compensation12K18K292K44K2.62M4.11M7.47M9.57M12.04M7.9M
Other Non-Cash Items-2.84M-6.47M-20.69M-7.86M47.57M45.69M79.11M69.34M515.26M48.48M
Working Capital Changes4.35M1.13M5.04M7.32M-13.19M5.04M-22.08M-11.35M231K-12.31M
Cash from Investing+-486.15M-533.81M-87.21M-2.31M85.82M-24.97M-62.81M1.1B308.56M-215.84M
Acquisitions (Net)8.56M00-3.27M25.32M-8.16M-36.75M31M00
Purchase of Investments-479.2M-556.69M-87.44M-209.92M-8.42M-1.03M-332K-1.14M-282K0
Sale of Investments0001000K1000K1000K1000K1000K00
Other Investing-6.95M-533.81M-87.21M969K68.92M-65.94M-25.73M1.07B308.84M-215.84M
Cash from Financing+500.52M563.31M-238.66M-43.17M-197.69M-49.52M-159.34M-1.2B-234.64M-125.62M
Dividends Paid-3.03M-11.54M-19.23M-73.05M-98.3M-80.54M-92.52M-124.17M-45.7M-33.08M
Common Dividends-2.63M-11.54M-71.12M-71.82M-90.12M-72.14M-82.98M-114.11M-40.81M-33.08M
Debt Issuance (Net)1000K-1000K-1000K-1000K1000K1000K-1000K-1000K-1000K-1000K
Share Repurchases-73.26M-1.63M-98.91M-83.57M-200.01M-108.57M-28.39M-8.81M-7.07M-1.33M
Other Financing312.08M242.93M-8.07M-9.72M-22.66M-15.05M-11.75M-13.9M-8.3M-20.32M
Net Change in Cash+11.44M45.95M-17.51M-4.52M48.98M90.05M-17.17M51.8M163.07M-246.8M
Exchange Rate Effect0000000000
Cash at Beginning6.17M17.61M63.56M46.05M64.28M113.26M203.31M186.14M237.94M401.01M
Cash at End17.61M63.56M46.05M41.53M113.26M203.31M186.14M237.94M401.01M154.21M
Free Cash Flow+-2.94M16.4M39.69M40.6M21.4M163.01M181.49M-999.13M89.15M94.66M
FCF Growth %-1.04%6.59%1.42%0.02%-0.47%6.62%0.11%-6.51%1.09%0.06%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-0.263.035.3614.780.50.386.44-5.85-12.182.32
FFO Payout Ratio-59.64%22.07%76.92%28.16%81.84%82.78%37.52%-54.1%-9.31%39.12%
NOI Margin83.98%81.73%84.38%83.55%74.89%74.75%76.83%77.61%79.38%80.83%
Net Debt / EBITDA19.50x5.82x4.15x1.63x6.00x6.14x7.84x4.59x7.01x8.80x
Debt / Assets55.38%38.54%40.84%42.38%48.81%53.95%49.57%42.16%53.72%53.75%
Interest Coverage0.47x1.11x0.52x0.34x3.45x3.09x1.20x1.09x0.69x0.83x
Book Value / Share13.0433.1234.4832.18.347.5572.855.0833.4531.67
Revenue Growth-87.49%149.76%70.96%-0.92%258.86%2.39%17.64%-9.43%-38.95%-10.31%

Frequently Asked Questions

Growth & Financials

Peakstone Realty Trust (PKST) reported $194.7M in revenue for fiscal year 2024. This represents a 182% increase from $69.0M in 2013.

Peakstone Realty Trust (PKST) saw revenue decline by 10.3% over the past year.

Peakstone Realty Trust (PKST) reported a net loss of $298.5M for fiscal year 2024.

Dividend & Returns

Yes, Peakstone Realty Trust (PKST) pays a dividend with a yield of 6.50%. This makes it attractive for income-focused investors.

Peakstone Realty Trust (PKST) has a return on equity (ROE) of -0.9%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Peakstone Realty Trust (PKST) generated Funds From Operations (FFO) of $-210.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Peakstone Realty Trust (PKST) offers a 6.50% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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