NEW YORK--(BUSINESS WIRE)--Sterlington advised the management team of Peakstone Realty Trust (NYSE: PKST), an industrial real estate investment trust with a strategic focus on the industrial outdoor storage sector, in connection with its $1.2 billion allcash acquisition by Brookfield Asset Management. Peakstone is an industrial real estate investment trust that owns and operates industrial outdoor storage (IOS) and traditional industrial properties, with a strategic focus on the IOS sector. Br. ...

UBS has set a price target of $21 for Peakstone Realty Trust (NYSE:PKST), closely aligning with Brookfield Asset Management's acquisition price.Peakstone Realty Trust, focusing on industrial outdoor storage, has seen a significant stock price increase of 32.97%, indicating strong market interest.The trading volume for PKST on the NYSE reflects high investor activity, with over 10 million shares traded, showcasing the market's response to the acquisition news.On February 2, 2026, UBS set a price target of $2 ...

Core Viewpoint - Peakstone Realty Trust (PKST) is undergoing significant changes with a downgrade from UBS and an acquisition by Brookfield Asset Management [1][5]. Group 1: Company Developments - UBS downgraded PKST from an "Outperform" rating to a "Neutral" rating, with the stock priced at $20.77 at the time of the downgrade [1][5]. - Brookfield Asset Management has announced a definitive agreement to acquire PKST in an all-cash transaction valued at $1.2 billion, purchasing all outstanding shares at $21.00 per share, which is a premium over the current stock price [2]. Group 2: Stock Performance - Despite the downgrade, PKST's stock has increased by 32.97%, with a change of $5.15, and has fluctuated between a low of $20.67 and a high of $20.85 today, marking its highest price over the past year [3]. - The lowest price for PKST in the past year was $10.35, indicating significant growth [3]. Group 3: Market Position - PKST has a market capitalization of approximately $764.1 million, reflecting its position in the industrial real estate sector [4]. - The trading volume for PKST today is 10,040,104 shares on the NYSE, highlighting strong investor interest [4].

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MILWAUKEE, Feb. 2, 2026 /PRNewswire/ -- Ademi LLP is investigating Peakstone (NYSE: PKST) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Brookfield Asset Management. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Peakstone stockholders will receive $21.00 per share in cash, representing ...

U.S. stocks were higher, with the Dow Jones index gaining more than 350 points on Monday.Shares of Peakstone Realty Trust (NYSE:PKST) rose sharply during Monday's session.Brookfield announced plans to acquire Peakstone Realty Trust in a $1.2 billion all-cash transaction.Peakstone Realty Trust shares surged 32.5% to $20.70 on Friday.Here are some other big stocks recording gains in today’s session.Photo via Shutterstock ...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Peakstone Realty Trust (NYSE: PKST) to Brookfield Asset Management for $21.00 per share in cash is fair to Peakstone shareholders. Halper Sadeh encourages Peakstone shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Peakston ...

Core Viewpoint - Peakstone Realty Trust (PKST) has experienced flat performance over the past year, indicating a muted market response to its stock [1] Company Changes - Historically, Peakstone has operated as an office REIT but is currently undergoing significant changes by selling its office portfolio due to sector pressures [1] Investment Strategy - The company has a history of making contrarian bets based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1]

Financial Data and Key Metrics Changes - Total revenue for the quarter was approximately $25.8 million from continuing operations, excluding revenue from office discontinued operations of approximately $25.2 million [10] - Net income attributable to common shareholders was approximately $3.5 million, or 9 cents per share [10] - Funds from operations (FFO) was approximately $18.3 million, or 46 cents per share on a fully diluted basis [10] - Core FFO was approximately $19.1 million, or $0.48 per share on a fully diluted basis [11] - Adjusted funds from operations (AFFO) was approximately $18.6 million, or $0.47 per share on a fully diluted basis [11] - Same-store cash net operating income (NOI) increased by 3.7% compared to the same quarter last year [11] Business Line Data and Key Metrics Changes - The industrial portfolio now generates more than 60% of the company's annual base rent (ABR) [4] - The IOS operating portfolio achieved 100% leasing with weighted average releasing spreads of 116% on a cash basis and 120% on a GAAP basis [5] - Incremental IOS ABR generated from new leases, renewals, and proactive lease modifications exceeded $1 million during the quarter [5] Market Data and Key Metrics Changes - The IOS market fundamentals remain solid, characterized by strong tenant demand and persistent supply constraints, keeping vacancies low and supporting healthy rent growth [5] - The company executed a new eight-year lease in Philadelphia with 7.7% average annual rent escalations [6] - In Houston, a new lease was signed with releasing spreads of 9% on a cash basis and 7% on a GAAP basis [6] Company Strategy and Development Direction - The company is focused on a strategic transformation into an industrial-only REIT, emphasizing growth in the industrial outdoor storage sector [4] - The company plans to continue disciplined office sales and targeted IOS acquisitions to strengthen its balance sheet [4] - The company aims to utilize proceeds from office sales to pay down debt, with expectations of completing a majority of these sales by the end of the year [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategy and ability to create value for shareholders, supported by solid liquidity and a growing IOS investment pipeline [4] - The company noted that the lender community has become more accepting, which may facilitate future acquisitions [19] - Management highlighted the importance of maintaining a flexible balance sheet to respond to market opportunities [19] Other Important Information - Total liquidity at quarter end was approximately $438 million, with a cash balance of approximately $326 million [11] - The company paid a dividend of $0.10 per common share on October 17th and announced a fourth-quarter dividend of the same amount [14][15] - The company reduced total debt by approximately $450 million, improving total leverage to 5.4 times on a pro forma basis [4] Q&A Session Summary Question: When should we expect an acceleration in IOS acquisitions? - Management indicated that they will continue disciplined management of growth and strengthening of the balance sheet, with a current debt ratio of 5.4 times [18] Question: Have you seen any increased competition for IOS assets? - Management noted that there is more acceptance in the market rather than increased competition, with a flexible balance sheet allowing for disciplined responses to opportunities [19] Question: What is the sustainable same-store NOI growth for the portfolio? - Management stated that they are not providing guidance at this time but emphasized transparency and the availability of metrics for analysis [22] Question: How confident are you in achieving the pricing range for remaining office sales? - Management expressed confidence, stating that virtually every asset is engaged and half are officially under control [29]

Portfolio Overview - As of September 30, 2025, the company's portfolio comprised 86 properties, with 70 in the Industrial segment and 16 in the Office segment, which were classified as held for sale and reported within discontinued operations[9] - The Industrial segment's occupancy rate was 100.0% based on rentable square feet and 99.6% based on usable acres, with a weighted average lease term (WALT) of 4.7 years and annualized base rent (ABR) of $74.632 million, representing 50.9% of the total ABR[10] - The Office segment had an occupancy rate of 97.9%, a WALT of 4.6 years, and an ABR of $72.003 million, accounting for 49.1% of the total ABR[10] - In 2025, the company acquired industrial outdoor storage (IOS) assets totaling 38.7 usable acres for a contractual purchase price of $57.718 million[12] - Dispositions from continuing operations in the quarter ended September 30, 2025, included 3 industrial segment properties with 761,500 square feet, resulting in gross sales price of $71.584 million and a gain of $6.641 million[12] - Dispositions from discontinued operations in the quarter ended September 30, 2025, included 8 office segment properties with 1,224,800 square feet, resulting in gross sales price of $247.450 million and a gain of $24.767 million[13] Financial Performance - For the quarter ended September 30, 2025, the company reported a net loss attributable to common shareholders from continuing operations of $0.18 per share and net income attributable to common shareholders from discontinued operations of $0.27 per share[19] - FFO per share/unit was $0.46, Core FFO per share/unit was $0.48, and AFFO per share/unit was $0.47[19] - Adjusted EBITDAre for the quarter ended September 30, 2025, was $33.397 million[19] - Total Industrial segment revenue for the quarter ended September 30, 2025, was $25.800 million, with $11.484 million from IOS and $14.316 million from Traditional Industrial[22] - Total Industrial segment NOI for the quarter ended September 30, 2025, was $22.520 million, with $10.245 million from IOS and $12.275 million from Traditional Industrial[23]