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Peakstone Realty Trust (PKST) Financials

PKST
FY2025 annual
Revenue $106.0M -8.9% YoY
Net Income -$307.7M -2851.6% YoY
EPS (Diluted) -$8.37 -2690.0% YoY
Operating Cash Flow $68.7M -27.4% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PKST SEC filings page.

Peakstone Realty Trust (PKST) reported $106.0M in revenue for fiscal year 2025, down 8.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PKST FY2025

The trust’s reported FY2025 balance sheet is much smaller, as large investing inflows and financing changes reshaped its asset base.

In FY2025, operating cash flow of $68.7M contrasted with a net loss of $307.7M; alongside $52.2M of depreciation, that gap indicates reported earnings were heavily affected by noncash or balance-sheet items rather than cash operations alone.

Total assets fell from $2.7B in FY2024 to $1.4B in FY2025, while total liabilities fell to $574.1M. The trust therefore ended with a smaller, less debt-supported asset base, not merely a weaker income statement.

FY2025 produced $834.1M of investing cash inflow alongside $910.6M of financing cash outflow, pointing to substantial asset-related repositioning accompanied by reduced funding. That balance-sheet restructuring was much larger than the change in recurring operating cash generation.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 9 / 100
Financial Health Score 9/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Peakstone Realty Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
4

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Peakstone Realty Trust scores 4/100 on it among other REITs.

FFO Growth
1

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Peakstone Realty Trust scores 1/100 on it among other REITs.

Leverage
23

Peakstone Realty Trust's net debt of $335.3M, being $474.0M of long-term debt less $138.7M of cash, came to 8.82 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Peakstone Realty Trust scores 23/100 among other REITs.

Interest Cov.
17

Peakstone Realty Trust reported an operating loss of $14.2M in fiscal year 2025 against interest expense of $56.6M, so there is no cover to state. The interest coverage axis ranks REITs on operating income against interest owed, and Peakstone Realty Trust scores 17/100 among other REITs.

AFFO Margin
5

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Peakstone Realty Trust scores 5/100 on it among other REITs.

Dividend Cov.
4

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Peakstone Realty Trust scores 4/100 on it among other REITs.

Piotroski F-Score Partial
4/7

Peakstone Realty Trust passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
N/A

Peakstone Realty Trust reported a net loss of $307.7M while generating $68.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Peakstone Realty Trust reported an operating loss of $14.2M against $56.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$25.7M
YoY-10.6%

Peakstone Realty Trust generated $25.7M in revenue in Q1 2026. This represents a decrease of 10.6% from the same quarter a year earlier.

EBITDA
$13.1M
YoY+825.2%

Peakstone Realty Trust's EBITDA was $13.1M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 825.2% from the same quarter a year earlier.

Net Income
-$17.5M
YoY+64.6%

Peakstone Realty Trust reported -$17.5M in net income in Q1 2026. This represents an increase of 64.6% from the same quarter a year earlier.

EPS (Diluted)
-$0.47
YoY+65.2%
QoQ-527.3%

Peakstone Realty Trust earned -$0.47 per diluted share (EPS) in Q1 2026. This represents an increase of 65.2% from the same quarter a year earlier. Against the prior quarter it is down 527.3%.

Cash & Balance Sheet

Cash & Debt
$109.7M
YoY-46.2%
QoQ-20.9%
5Y CAGR+1.0%
10Y CAGR+10.1%

Peakstone Realty Trust held $109.7M in cash against $475.1M in long-term debt as of Q1 2026.

Shares Outstanding
37M
YoY+1.1%
QoQ0.0%
5Y CAGR-35.1%

Peakstone Realty Trust had 37M shares outstanding in Q1 2026. This represents an increase of 1.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Operating Margin
-1.2%
YoY+41.7pp

Peakstone Realty Trust's operating margin was -1.2% in Q1 2026, reflecting core business profitability. This is up 41.7 percentage points from the same quarter a year earlier.

Net Margin
-68.2%

Peakstone Realty Trust's net profit margin was -68.2% in Q1 2026, showing the share of revenue converted to profit. No change is given against Q1 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity
-2.4%
YoY+2.5pp

Peakstone Realty Trust's ROE was -2.4% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

PKST Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PKST quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$25.7M-10.6%N/A$25.8M-3.5%$54.0M-3.4%$28.7M-51.5%N/A$26.7M-56.7%$56.0M-10.5%
SG&A Expenses$9.2M+7.5%N/A$8.1M-11.0%$8.4M-7.3%$8.6M-11.6%N/A$9.1M-5.5%$9.1M-24.2%
Operating Income-$305K+97.5%N/A$1.2M+102.7%-$272.7M-4210.6%-$12.3M-194.7%N/A-$42.1M-413.3%$6.6M+101.7%
EBITDA$13.1M+825.2%N/A$14.3M+145.4%-$249.3M-941.4%$1.4M-96.1%N/A-$31.4M-181.7%$29.6M+108.2%
Interest Expense$7.7M-46.2%N/A$16.7M+32.0%$15.1M-4.5%$14.3M-11.4%N/A$12.6M-21.8%$15.8M-1.4%
Net Income-$17.5M+64.6%N/A$3.5M+114.3%-$265.3M-6940.9%-$49.4M-1082.7%N/A-$24.4M+80.9%-$3.8M+99.1%
EPS (Basic)-$0.47+65.2%$0.11-67.6%$0.09+113.4%-$7.22-6463.6%-$1.35-1064.3%$0.34+164.2%-$0.67+81.1%-$0.11+99.1%
EPS (Diluted)-$0.47+65.2%$0.11-67.6%$0.09+113.4%-$7.22-6463.6%-$1.35-1064.3%$0.34+164.2%-$0.67+81.1%-$0.11+99.1%
Diluted Shares (Avg)37M+1.2%N/A37M+1.1%37M+1.1%37M+1.1%N/A36M+1.1%36M+1.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.

PKST Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PKST quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$1.3B-48.8%$1.4B-49.5%$2.0B-18.7%$2.2B-19.8%$2.6B-5.8%$2.7B-4.0%$2.4B-13.9%$2.7B-9.3%
Cash & Equivalents$109.7M-46.2%$138.7M-5.4%$326.1M+35.0%$264.4M-40.8%$204.0M-53.2%$146.5M-62.6%$241.6M-33.7%$446.8M+23.9%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$68.4M0.0%$68.4M0.0%$68.4M-7.7%$68.4M-7.7%$68.4M-7.7%$68.4M-13.1%$74.1M-21.8%$74.1M-21.8%
Total Liabilities$564.9M-62.7%$574.1M-62.3%$1.2B-7.8%$1.4B-8.4%$1.5B-2.3%$1.5B-3.9%$1.3B-17.7%$1.5B-4.4%
Long-Term Debt$475.1M-64.7%$474.0M-64.7%$1.0B-11.2%$1.2B-11.5%$1.3B-5.0%$1.3B-6.4%$1.2B-19.0%$1.4B-3.6%
Total Equity$731.3M-28.2%$745.4M-31.3%$741.1M-29.3%$740.3M-32.5%$1.0B-8.3%$1.1B-2.4%$1.0B-7.2%$1.1B-12.9%
Retained Earnings-$1.2B-31.1%-$1.1B-36.7%-$1.1B-35.1%-$1.2B-39.5%-$887.7M-7.9%-$838.3M-1.3%-$851.0M-5.3%-$826.6M-21.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

PKST Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PKST quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow-$9.7M-148.2%N/A$28.6M+28.7%$19.5M-20.4%$20.2M+24.9%$31.7M+4.3%$22.2M-34.6%$24.5M+876.0%
Depreciation & Amortization$13.4M-2.6%N/A$13.1M+22.1%$23.4M+1.6%$13.7M-41.4%$13.8M+153.8%$10.7M-57.1%$23.0M-24.5%
Stock-Based Compensation$1.5M+2.2%N/AN/AN/A$1.5M-8.0%N/AN/AN/A
Investing Cash Flow-$14.0M-129.8%N/A$253.1M+621.9%$150.3M+1947.1%$46.9M-22.5%-$318.8M-1799.3%$35.1M+5369.4%$7.3M-94.1%
Financing Cash Flow-$6.4M+30.9%N/A-$220.2M+12.6%-$109.1M-504.6%-$9.3M+69.2%$174.5M+1057.6%-$251.8M-792.5%-$18.0M+86.5%
Dividends Paid$3.8M-54.9%N/A$8.4M+1.1%$8.4M+1.8%$8.3M+1.5%$8.3M+1.7%$8.3M+2.4%$8.3M+1.9%
Share BuybacksN/AN/AN/AN/AN/A$0$0$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

PKST Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PKST quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Margin-1.2%+41.7ppN/A4.5%-504.8%-42.9%-64.8ppN/A-157.7%11.9%
Net Margin-68.2%N/A13.6%+104.8pp-491.1%-172.0%N/A-91.3%-6.7%
Return on Equity-2.4%+2.5ppN/A0.5%+2.8pp-35.8%-35.5pp-4.9%-5.3ppN/A-2.3%+9.0pp-0.3%+32.7pp
Return on Assets-1.3%+0.6ppN/A0.2%+1.2pp-12.1%-12.0pp-1.9%-2.1ppN/A-1.0%+3.5pp-0.1%+13.7pp
Debt-to-Equity0.65-0.7x0.64-0.6x1.40+0.3x1.68+0.4x1.320.0x1.24-0.1x1.11-0.2x1.28+0.1x
Asset Turnover0.020.0xN/A0.010.0x0.020.0x0.010.0xN/A0.010.0x0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Peakstone Realty Trust PKST FY2025 $106.0M -$307.7M N/A $780.6M 9/100
Postal Realty Trust, Inc PSTL FY2025 $95.8M $14.1M 14.8% $685.4M 58/100
Net Lease Office Properties NLOP FY2025 $118.9M -$145.3M N/A $142.5M 35/100
Brandywine Realty Trust BDN FY2025 $484.5M -$178.2M -36.8% $459.8M 8/100
Piedmont Realty Trust, Inc. PDM FY2025 $565.0M -$83.6M -14.8% $1.1B 32/100
PARAMOUNT GROUP, INC. PGRE FY2024 $757.5M -$46.3M -6.1% $1.5B 35/100

Frequently Asked Questions

What is Peakstone Realty Trust's annual revenue?

Peakstone Realty Trust (PKST) reported $106.0M in total revenue for fiscal year 2025. This represents a -8.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Peakstone Realty Trust's revenue growing?

Peakstone Realty Trust (PKST) revenue declined by 8.9% year-over-year, from $116.4M to $106.0M in fiscal year 2025.

Is Peakstone Realty Trust profitable?

No, Peakstone Realty Trust (PKST) reported a net income of -$307.7M in fiscal year 2025.

Peakstone Realty Trust (PKST) reported diluted earnings per share of -$8.37 for fiscal year 2025. This represents a -2690.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Peakstone Realty Trust (PKST) had EBITDA of $38.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Peakstone Realty Trust (PKST) had $138.7M in cash and equivalents against $474.0M in long-term debt.

Peakstone Realty Trust (PKST) had an operating margin of -13.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Yes, Peakstone Realty Trust (PKST) paid $0.65 per share in dividends during fiscal year 2025.

Peakstone Realty Trust (PKST) has a return on equity of -41.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Peakstone Realty Trust (PKST) generated $68.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Peakstone Realty Trust (PKST) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Peakstone Realty Trust (PKST) had 37M shares outstanding as of fiscal year 2025.

Peakstone Realty Trust (PKST) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Peakstone Realty Trust (PKST) had a return on assets of -22.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Peakstone Realty Trust (PKST) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Peakstone Realty Trust (PKST) reported a net loss of $307.7M while generating $68.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Peakstone Realty Trust (PKST) reported an operating loss of $14.2M against $56.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Peakstone Realty Trust (PKST) scores 9 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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