NYSE : PKST

Peakstone Realty Trust — Financial statements

Real Estate · REIT - Office · United States

Last price 20.99 USD (May 5, 2026, 7:00 PM EDT) · Market cap 780.56M

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Rental Revenue102.94M105.98M116.36M143.84M416.49M459.87M
Other Revenue-47.43M-9.99M8.00K
Total Revenue102.94M105.98M116.36M96.41M406.49M459.88M
Property Expenses14.00M14.29M23.58M32.75M93.26M106.57M
Selling, General & Administrative36.13M35.49M37.59M44.00M45.10M47.78M
Depreciation & Amortization51.83M52.18M47.50M61.17M185.99M203.43M
Total Operating Expenses101.96M101.97M108.67M137.92M324.35M357.78M
Operating Income975.00K4.02M7.68M-41.51M82.14M102.10M
Interest Expense-49.96M-56.56M-55.98M-59.37M-84.82M-85.09M
Other Non-Operating Income-5.44M6.80M13.66M-11.85M-23.33M-873.00K
EBT Excluding Unusual Items-54.42M-45.75M-34.64M-112.74M-26.01M16.14M
Impairment of Goodwill-10.27M-16.03M-135.27M
Gain (Loss) on Sale of Investments-129.33M
Gain (Loss) on Sale of Assets6.85M6.41M38.37M29.16M-139.28M-326.00K
Asset Writedown-3.16M-18.20M-53.31M-283.80M-127.58M-4.24M
Other Unusual Items-2.48M-2.48M10.47M-13.25M
Pretax Income-53.22M-60.02M-49.39M-512.74M-441.38M11.57M
Earnings From Continuing Operations-53.22M-60.02M-49.39M-512.74M-441.38M11.57M
Earnings From Discontinued Operations-226.46M-252.18M34.89M-84.03M
Net Income to Company-279.67M-312.20M-14.50M-596.77M-441.38M11.57M
Minority Interest in Earnings3.85M4.50M4.08M46.19M39.54M-243.00K
Net Income-275.82M-307.71M-10.43M-550.58M-401.85M11.33M
Preferred Dividends & Other Adjustments7.35M10.06M9.70M
Net Income to Common-275.82M-307.71M-10.43M-557.93M-411.91M1.63M
Basic Shares Outstanding36.91M36.80M36.38M35.99M36.06M34.36M
Diluted Shares Outstanding36.91M36.80M36.38M35.99M36.06M34.36M
EPS (Basic)-7.47-8.36-0.29-15.50-11.420.05
EPS (Diluted)-7.47-8.36-0.29-15.50-11.420.05
Dividend Per Share0.420.650.900.753.153.15
Operating Margin0.95%3.79%6.60%-43.06%20.21%22.20%
Profit Margin-267.94%-290.34%-8.96%-578.74%-101.33%0.35%
EBITDA42.66M46.78M53.50M18.76M267.42M227.07M
EBITDA Margin41.45%44.15%45.98%19.46%65.79%49.38%
D&A For Ebitda41.69M42.77M45.82M60.27M185.28M124.97M
EBIT975.00K4.02M7.68M-41.51M82.14M102.10M
EBIT Margin0.95%3.79%6.60%-43.06%20.21%22.20%
Funds From Operations (FFO)44.30M74.86M98.95M-94.89M14.73M216.42M
Adjusted Funds From Operations (AFFO)60.72M78.97M106.60M118.07M190.65M219.25M
FFO Payout Ratio54.94%38.61%33.43%774.68%38.34%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Property, Plant & Equipment1.05B1.04B1.19B1.91B2.63B4.21B
Cash & Equivalents109.73M138.67M146.51M391.80M233.18M168.62M
Accounts Receivable18.87M18.17M22.96M63.27M79.57M108.90M
Goodwill68.37M68.37M68.37M78.65M94.68M229.95M
Other Intangible Assets53.17M56.52M84.75M210.16M287.37M445.53M
Restricted Cash6.57M7.77M7.70M9.21M4.76M17.52M
Other Current Assets1.10B49.67M20.82M271.00K
Trading Asset Securities15.97M26.94M41.40M3.46M
Deferred Long-Term Charges5.67M3.88M5.01M19.11M26.51M44.51M
Other Long-Term Assets16.73M18.45M36.30M27.45M210.52M40.38M
Total Assets1.33B1.35B2.68B2.79B3.63B5.27B
Current Portion of Long-Term Debt150.00M29.15M
Current Portion of Leases416.00K476.00K
Long-Term Debt475.62M476.45M1.19B1.41B1.49B2.56B
Long-Term Leases4.83M858.00K744.00K46.28M46.52M50.90M
Accrued Expenses16.79M24.37M29.48M36.37M37.34M46.23M
Other Current Liabilities4.03M77.28M8.92M13.14M13.13M
Long-Term Unearned Revenue3.22M2.98M3.50M9.71M12.40M26.48M
Other Long-Term Liabilities63.98M64.95M68.59M48.17M52.44M77.36M
Total Liabilities564.86M574.12M1.52B1.59B1.65B2.77B
Preferred Stock, Convertible125.00M125.00M
Common Stock37.00K37.00K37.00K36.00K36.00K36.00K
Additional Paid-In Capital3.03B3.03B3.02B2.99B2.95B2.95B
Distributions in Excess of Earnings-2.30B-2.28B-1.95B-1.90B-1.31B-780.58M
Comprehensive Income & Other794.00K-1.04M15.87M25.82M40.64M-18.71M
Total Common Equity731.29M745.42M1.09B1.11B1.68B2.15B
Minority Interest32.03M33.28M66.80M91.63M178.47M223.42M
Shareholders' Equity763.33M778.70M1.15B1.20B1.99B2.50B
Total Liabilities & Equity1.33B1.35B2.68B2.79B3.63B5.27B
Total Debt480.87M477.78M1.35B1.48B1.53B2.61B
Net Cash (Debt)-371.14M-339.11M-1.18B-1.06B-1.26B-2.44B
Net Cash Per Share-10.05-9.22-32.52-29.55-34.87-70.90
Filing Date Shares Outstanding37.23M37.18M36.76M36.31M36.00M36.07M
Total Common Shares Outstanding37.19M37.18M36.73M36.30M36.00M36.07M
Book Value Per Share19.6720.0529.5430.6346.7459.69
Tangible Book Value609.75M620.53M932.10M823.28M1.30B1.48B
Tangible Book Value Per Share16.4016.6925.3722.6836.1340.96
Land388.23M381.82M341.70M231.18M327.41M584.29M
Buildings819.94M810.11M1.01B1.97B2.63B4.10B
Construction In Progress837.00K4.23M962.00K8.37M1.99M4.76M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-275.82M-307.71M-10.43M-550.58M-401.85M11.33M
Depreciation & Amortization41.69M42.77M45.82M60.27M185.28M124.97M
Other Amortization4.51M4.48M4.86M4.03M10.48M88.19M
Gain (Loss) on Sale of Assets-6.85M-6.41M-38.37M-29.16M139.28M261.00K
Gain (Loss) on Sale of Investments87.00K12.00K-249.00K144.00K320.00K251.00K
Asset Writedown3.16M18.20M63.59M299.83M262.85M4.24M
Stock-Based Compensation6.41M6.38M7.90M12.04M9.57M7.47M
Income (Loss) on Equity Investments176.77M10.98M-8.00K
Change in Other Net Operating Assets-1.60M-2.58M-13.65M4.78M-11.35M-22.08M
Other Operating Activities221.13M245.60M-51.80M33.27M-52.89M-9.64M
Net Cash from Discontinued Operations46.03M67.98M86.98M77.77M
Operating Cash Flow38.76M68.72M94.66M89.15M152.68M204.98M
Acquisition of Real Estate Assets-116.84M-102.29M-494.07M-3.80M-17.49M-49.26M
Sale of Real Estate Assets195.49M228.50M281.53M325.16M1.12B22.41M
Net Sale / Acq. of Real Estate Assets78.65M126.21M-212.54M321.36M1.10B-26.85M
Cash Acquisition-36.75M
Investment in Marketable & Equity Securities-282.00K-4.70M-290.00K
Other Investing Activities694.60M707.88M-3.30M-12.52M-266.00K1.08M
Investing Cash Flow773.25M834.10M-215.84M308.56M1.10B-62.81M
Long-Term Debt Issued565.33M400.00M400.00M
Total Debt Issued565.33M400.00M400.00M
Long-Term Debt Repaid-874.74M-636.22M-448.57M-1.05B-426.68M
Total Debt Repaid-874.53M-874.74M-636.22M-448.57M-1.05B-426.68M
Net Debt Issued (Repaid)-874.53M-874.74M-70.89M-48.58M-1.05B-26.68M
Repurchase of Common Stock-2.44M-1.20M-1.33M-7.07M-8.81M-28.39M
Preferred Share Repurchases-125.00M
Common Dividends Paid-24.34M-28.90M-33.08M-40.81M-114.11M-82.98M
Preferred Dividends Paid-4.89M-10.06M-9.54M
Total Dividends Paid-24.34M-28.90M-33.08M-45.70M-124.17M-92.52M
Other Financing Activities-6.39M-5.74M-20.32M-8.30M-13.90M-11.75M
Net Cash Flow-95.69M-7.77M-246.80M163.07M51.80M-17.17M
Levered Free Cash Flow145.53M1.05B-919.99M-8.91M216.32M241.78M
Unlevered Free Cash Flow172.24M1.08B-889.87M24.16M263.60M291.37M
Cash Interest Paid59.01M63.09M58.90M58.15M75.12M80.96M
Change in Working Capital-1.60M-2.58M-13.65M4.78M-11.35M-22.08M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization780.56M527.95M402.75M717.74M
Enterprise Value1.15B1.28B1.46B1.92B
Last Close Price20.9914.3510.5317.62
PS Ratio7.584.983.467.45
PB Ratio1.070.680.350.60
P/OCF Ratio20.147.684.258.05
EV/Sales Ratio11.1912.1012.5419.89
EV/EBITDA Ratio26.9927.4027.26102.25
EV/EBIT Ratio1,181.24319.24189.87
Debt / Equity Ratio0.630.611.171.230.771.04
Debt / EBITDA Ratio11.0910.0624.9160.085.6311.18
Net Debt / Equity Ratio0.490.431.030.880.630.97
Net Debt / EBITDA Ratio8.707.2522.1156.704.7010.73
Asset Turnover0.050.050.040.030.090.10
Quick Ratio7.475.430.726.487.014.73
Current Ratio7.865.705.047.277.525.03
Return on Equity (ROE)-5.78%-6.22%-4.19%-32.15%-19.67%0.55%
Return on Assets (ROA)0.03%0.12%0.18%-0.81%1.15%1.35%
Earnings Yield-35.34%-58.28%-2.59%-76.71%
Dividend Yield1.91%4.58%8.21%3.79%
Payout Ratio816.79%
Buyback Yield / Dilution-1.16%-1.16%-1.07%0.19%-4.94%-34.43%
Total Shareholder Return0.74%3.41%7.13%3.99%-4.94%-34.43%