Welcome to our dedicated page for Peakstone Realty SEC filings (Ticker: PKST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Peakstone Realty Trust filings document a Maryland REIT that reported industrial and office real estate operations while shifting its portfolio toward industrial assets and industrial outdoor storage. Form 8-K reports include operating and financial results, supplemental information, Regulation FD property-sale disclosures, capital-structure disclosures, material agreements and governance matters.
The filing record also documents the completed merger transactions involving Peakstone, PKST OP, L.P. and related merger subsidiaries, the shareholder vote on merger proposals, Peakstone Realty Trust, Inc. as successor-by-conversion, sole common-share ownership by the parent entities after closing, and the Form 25 removal of PKST common shares from NYSE listing and registration.
Peakstone Realty Trust (PKST) is asking shareholders to approve a merger under an Agreement and Plan of Merger with affiliates of Brookfield Asset Management (collectively, Parent). At the Company Merger Effective Time, each Company Common Share will be converted into $21.00 in cash, without interest, subject to adjustments.
The record date for voting was March 13, 2026; the Special Meeting is virtual on April 29, 2026 at 9:00 a.m. PT. As of the record date there were 37,187,359 shares outstanding. The Board unanimously recommends shareholders vote FOR the Merger Proposal, the advisory golden-parachute vote, and any adjournment to solicit additional proxies. The proxy discloses a demand letter alleging incomplete disclosures and states the Company intends to defend vigorously. Closing mechanics, delisting, RSU cash-outs, financing representations, and termination payments are summarized in the proxy statement.
Peakstone Realty Trust Schedule 13G/A shows Morgan Stanley and Morgan Stanley Capital Services LLC reporting residual beneficial ownership in Peakstone common shares. The filing states Morgan Stanley holds 259,840 shares (shared voting power) and Morgan Stanley Capital Services holds 236,808 shares, with reported ownership of 0.7% and 0.6%, respectively.
The cover notes that, as of the date hereof, each Morgan Stanley filer has ceased to be a beneficial owner of more than five percent of the class. Signatures by an authorized signatory are dated 03/06/2026.
Peakstone Realty Trust is asking shareholders to approve a merger under an Agreement and Plan of Merger with affiliates of Brookfield Asset Management ("Parent"). At the Company Merger Effective Time, each outstanding Company Common Share will be converted into the right to receive $21.00 in cash, subject to certain adjustments. The Board unanimously recommended that shareholders vote FOR the Merger Proposal, the Advisory Merger-Related Compensation Proposal and the Adjournment Proposal. Completion of the Mergers requires shareholder approval by the affirmative vote of holders of a majority of the Company Common Shares entitled to vote. If completed, Company Common Shares will be delisted from the NYSE and deregistered under the Exchange Act. The Merger Agreement is not conditioned on financing and includes specified termination payments: a $122.0 million Parent Termination Payment and a $34.0 million Company Termination Payment (with an alternative $16.0 million figure under certain circumstances).
Peakstone Realty Trust is an industrial-focused REIT concentrating on growth in industrial outdoor storage (IOS) assets. As of December 31, 2025, it owned 76 industrial properties in one segment, including 60 IOS and 16 traditional industrial assets, with 72 operating properties and four under redevelopment.
During 2025, Peakstone completed its strategic shift to an industrial-only platform by disposing of all office properties, which are presented as discontinued operations. As of February 13, 2026, it had 37,180,295 common shares outstanding, and non-affiliate shareholders held common shares valued at approximately $471.3 million based on the June 30, 2025 NYSE closing price.
On February 2, 2026, Peakstone agreed to be acquired by affiliates of Brookfield under a merger agreement. At the effective time of the REIT merger, each outstanding common share will be converted into the right to receive $21.00 in cash per share, while each operating partnership common unit will receive cash equal to the REIT share amount multiplied by $21.00. The deal is unanimously approved by the board and backed by committed equity and debt financing, but remains subject to shareholder approval, customary conditions, an outside date of August 2, 2026, and potential termination fees of $16.0 million or $34.0 million.
Peakstone Realty Trust agreed to be acquired by a Brookfield private real estate fund for $21.00 per share in cash, implying enterprise value of about $1.2 billion and a 34%–51% premium to recent trading benchmarks. The deal was unanimously approved by Peakstone’s board and is expected to close by the end of the second quarter of 2026, subject to common shareholder approval and customary conditions.
For 2025, Peakstone generated approximately $106.0 million of revenue from continuing operations and reported a net loss attributable to common shareholders of about $(307.7) million, or $(8.37) per share, largely tied to office discontinued operations and related impairments. Core FFO was $1.98 per share/unit and AFFO was $1.99. The company completed its strategic shift to an industrial-only REIT, selling 33 office properties for roughly $883.7 million and acquiring nine industrial outdoor storage assets for about $96.2 million. Debt was reduced by $874.4 million to $485.9 million, bringing Net Debt to Adjusted EBITDAre to 5.4x, while the 76-property industrial portfolio was 100% occupied by square footage and 97.9% by usable acres with annualized base rent of $78.1 million. Peakstone paid a $0.10 per-share dividend for the fourth quarter but has suspended future regular dividends under the merger agreement until the transaction closes or is terminated.
Morgan Stanley has disclosed a significant ownership position in Peakstone Realty Trust. As of 12/31/2025, Morgan Stanley reports beneficial ownership of 2,478,511 common shares, representing 6.7% of the class, with all voting and dispositive power held on a shared basis.
Morgan Stanley Capital Services LLC, a related entity, reports beneficial ownership of 2,032,708 common shares, or 5.5% of the class, also with shared voting and dispositive power only. The filing states these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Peakstone Realty Trust.
Peakstone Realty Trust agreed to be acquired by investment funds affiliated with Brookfield in an all-cash deal. Each outstanding common share will be converted into $21.00 in cash at the effective time of the company merger.
A related partnership merger will deliver cash based on Operating Partnership common units’ REIT share equivalents, also at $21.00 per share. All RSU awards will be cashed out using the same price plus any unpaid distribution equivalents, less taxes.
The board unanimously approved the transaction, which requires shareholder approval and is subject to customary conditions, including no Company Material Adverse Effect. Peakstone has a “go‑shop” period through March 4, 2026 to solicit superior proposals, with a $16 million break fee for certain early superior deals and a $34 million fee in other specified termination scenarios. Parent could owe a $122 million reverse termination fee if it fails to close under defined circumstances. Parent has committed equity and debt financing and there is no financing condition. Regular quarterly dividends are suspended; any REIT‑required dividends would reduce the per‑share merger consideration dollar for dollar.
Peakstone Realty Trust reported an equity award to a senior officer. On January 14, 2026, the company granted Chief Accounting Officer Mai Qiyan 10,512 time-based restricted stock units (RSUs), with each RSU representing a contingent right to receive one common share at no purchase price.
One-third of these 10,512 RSUs is scheduled to vest on each of December 15, 2026, 2027 and 2028, as long as Mai Qiyan remains continuously employed by the company, and the award is subject to certain accelerated vesting provisions in the award agreement. Following this grant, Mai Qiyan beneficially owned 12,823 common shares, held directly.
Peakstone Realty Trust CEO and President Michael J. Escalante received an award of 185,066 restricted stock units (RSUs) on common stock. The RSUs were granted at a price of $0 per unit and are time-based, with one-third scheduled to vest on each of December 15, 2026, 2027, and 2028, as long as he remains continuously employed with the company, subject to certain accelerated vesting provisions in the award agreement. Following this equity grant and an exempt transfer of certain shares to his spouse in connection with a domestic relations order, he beneficially owned 703,117 common shares in direct form.
Peakstone Realty Trust CFO Javier F. Bitar reported an equity award from the company. On January 14, 2026, he was granted 52,876 time-based restricted stock units (RSUs), each representing a contingent right to receive one common share of Peakstone Realty Trust at no purchase price.
According to the award terms, one-third of these RSUs will vest on each of December 15, 2026, 2027 and 2028, as long as he remains continuously employed by the company on those dates, with certain accelerated vesting provisions described in the award agreement. Following this grant, Bitar beneficially owns 183,223 shares on a direct basis, reflecting his increased equity stake as Chief Financial Officer.