Peakstone Realty Trust
pkst.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 5, 2026. Its latest SEC filing is a 15-12G from May 18, 2026.
10-Q for Q1 FY2026, filed May 5, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Leases industrial outdoor storage yards and industrial properties, including distribution, warehouse and light manufacturing space, to tenants.
10-K for FY2025, filed Feb 18, 2026Peakstone Realty Trust (NYSE: PKST) is an industrial real estate investment trust (“REIT”), with a strategic focus on growth in the…View ↗
As of December 31, 2025, our portfolio consisted of 76 industrial properties within one reportable segment (the “Industrial” segment). The…View ↗
We lease industrial properties to tenants primarily under non-cancelable operating leases that generally contain provisions for minimum…View ↗
How Did They Make Money?
Tenants pay base rent under operating leases and reimburse certain property expenses. Rent is earned over the lease term, while reimbursements track expenses as they arise.
10-K for FY2025, filed Feb 18, 2026We lease industrial properties to tenants primarily under non-cancelable operating leases that generally contain provisions for minimum…View ↗
Total minimum annual lease payments are recognized in rental income on a straight-line basis over the term of the related lease, regardless…View ↗
Our lease agreements with tenants generally contain provisions that require tenants to reimburse us for certain operating expenses.…View ↗
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10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by reportable segment ↗
$106M
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10-K for FY2025, filed Feb 18, 2026
$106M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Industrial
Recurring
10-K for FY2025, filed Feb 18, 2026 |
95%
FY2022: 15%
|
Industrial, FY2025
$100.2M Sources
|
Recurring |
|
Office Segment
|
5.5%
FY2022: 71%
|
Office Segment, FY2025
$5.8M Sources
|
|
|
Other
|
0.0%
FY2022: 14%
|
Other, FY2025
$0 Sources
|
Who Were Their Customers?
The company leases properties directly to tenants, generally with one tenant per property.
10-K for FY2025, filed Feb 18, 2026
Did Revenues Turn Into Profits?
No. It lost $307.7M in FY2025.
10-K for FY2025, filed Feb 18, 2026
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed May 5, 2026
−$17.5MView ↗
- ▼ −65% (Loss)
- vs −$49.4M in Q1 FY2025
10-Q for Q1 FY2026, filed May 5, 2026
Open tableView ↗
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May 6, 2026
Brookfield affiliate completed Peakstone acquisition
Shareholders received $21.00 per share in cash, and the shares stopped trading on the New York Stock Exchange.
Sources
8-K, filed May 6, 2026
The transaction values Peakstone at approximately $1.2 billion. Under the terms of the agreement, Peakstone shareholders received $21.00…View ↗
Shrank. Revenue fell 77% in 4 years, from $459.9M in FY2021 to $106M in FY2025, about 31% a year.
Office portfolio exit
The older report describes a portfolio of industrial and office properties; the latest describes an industrial-only portfolio after all Office segment properties were sold.
10-K for FY2022, filed Mar 24, 2023 10-K for FY2025, filed Feb 18, 2026Peakstone Realty Trust is an internally managed, publicly registered real estate investment trust (“REIT”) that owns and operates a…View ↗
Outdoor-storage emphasis
The latest report specifically emphasizes industrial outdoor storage, while the older report presents a broader industrial-and-office portfolio strategy.
10-K for FY2022, filed Mar 24, 2023 10-K for FY2025, filed Feb 18, 2026The Company’s primary long-term objective is to maximize shareholder value over time. Operating through three distinct business segments –…View ↗
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