Financials Peakstone Realty Trust

Equities

PKST

US39818P7996

Commercial REITs

Real-time Estimate Cboe BZX Other stock markets 11:28:10 2024-05-20 am EDT			5-day change	1st Jan Change
13.96 ^USD	-1.72%		-5.54%	-29.43%

May. 07	Transcript : Peakstone Realty Trust, Q1 2024 Earnings Call, May 07, 2024
May. 07	Peakstone Realty Trust Approves Dividend for the Quarter Ended June 30, 2024, Payable on July 18, 2024	CI

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	717.7	516.5	-	-
Enterprise Value (EV) ¹	1,808	1,720	1,961	1,941
P/E ratio	-1.29 x	67.7 x	24.1 x	-20.9 x
Yield	3.76%	6.33%	6.33%	6.33%
Capitalization / Revenue	2.82 x	2.2 x	2.11 x	1.92 x
EV / Revenue	7.11 x	7.34 x	8 x	7.22 x
EV / EBITDA	11.5 x	11.2 x	12.4 x	11.1 x
EV / FCF	-	-	-	-
FCF Yield	-	-	-	-
Price to Book	-	-	-	-
Nbr of stocks (in thousands)	36,013	36,347	-	-
Reference price ²	19.93	14.21	14.21	14.21
Announcement Date	2/22/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	254.3	234.4	245.2	268.9
EBITDA ¹	-	157.7	153.2	157.8	175.5
EBIT ¹	-	-364	42.99	53.78	65.04
Operating Margin	-	-143.14%	18.34%	21.94%	24.19%
Earnings before Tax (EBT)	-	-	-	-	-
Net income ¹	-401.8	-557.9	7.527	-19.27	-24.74
Net margin	-	-219.41%	3.21%	-7.86%	-9.2%
EPS ²	-11.41	-15.50	0.2100	0.5900	-0.6800
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	0.7500	0.9000	0.9000	0.9000
Announcement Date	3/24/23	2/22/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	62.54	61.71	63.06	59.23	57.6	58.32	59.22	57.5
EBITDA ¹	-360.1	38.46	-	37.78	37.13	37.67	35.71	36.75
EBIT ¹	-390.6	13.45	1.086	12.99	10.01	10.41	9.11	12.47
Operating Margin	-624.51%	21.8%	1.72%	21.93%	17.38%	17.85%	15.38%	21.69%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	-416.5	-127.6	-19.89	5.025	1.44	1.58	-0.518	-
Net margin	-665.92%	-206.76%	-31.54%	8.48%	2.5%	2.71%	-0.87%	-
EPS ²	-11.59	-3.550	-0.5500	0.1400	0.0100	0.0400	-0.0300	-0.0800
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	8/8/23	11/9/23	2/22/24	5/7/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	1,090	1,203	1,445	1,425
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	6.913 x	7.853 x	9.152 x	8.119 x
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	3/24/23	2/22/24	-	-	-

¹USD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Peakstone Realty Trust

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

14.21 USD

Average target price

14 USD

Spread / Average Target

-1.48%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Office REITs

	1st Jan change	Capi.
PEAKSTONE REALTY TRUST	-29.43%	516M
BOSTON PROPERTIES, INC.	-10.56%	9.93B
NIPPON BUILDING FUND INC.	-4.58%	6.45B
DEXUS	-7.94%	5.07B
JAPAN REAL ESTATE INVESTMENT CORPORATION	-8.90%	4.98B
KDX REALTY INVESTMENT CORPORATION	-3.79%	4.12B
EMBASSY OFFICE PARKS REIT	+9.68%	4.05B
KILROY REALTY CORPORATION	-13.53%	4.04B
INMOBILIARIA COLONIAL SOCIMI, S.A.	-5.50%	3.58B
SL GREEN REALTY CORP.	+17.35%	3.43B

Office REITs