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PEAKSTONE REALTY TRUST (PKST) Stock Fundamental Analysis

NYSE:PKST - New York Stock Exchange, Inc. - US39818P7996 - REIT - Currency: USD

10.42  -0.25 (-2.34%)

After market: 10.6 +0.18 (+1.73%)

Fundamental Rating

3

Overall PKST gets a fundamental rating of 3 out of 10. We evaluated PKST against 128 industry peers in the Diversified REITs industry. The financial health of PKST is average, but there are quite some concerns on its profitability. PKST is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year PKST was profitable.
PKST had a positive operating cash flow in the past year.
In the past 5 years PKST reported 4 times negative net income.
Of the past 5 years PKST 4 years had a positive operating cash flow.
PKST Yearly Net Income VS EBIT VS OCF VS FCFPKST Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 200M -200M -400M

1.2 Ratios

PKST has a worse Return On Assets (-1.76%) than 75.20% of its industry peers.
PKST has a worse Return On Equity (-4.11%) than 70.40% of its industry peers.
PKST has a worse Return On Invested Capital (1.77%) than 74.40% of its industry peers.
PKST had an Average Return On Invested Capital over the past 3 years of 1.65%. This is in line with the industry average of 3.13%.
The 3 year average ROIC (1.65%) for PKST is below the current ROIC(1.77%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -1.76%
ROE -4.11%
ROIC 1.77%
ROA(3y)-10.44%
ROA(5y)-6.21%
ROE(3y)-24.28%
ROE(5y)-14.43%
ROIC(3y)1.65%
ROIC(5y)1.81%
PKST Yearly ROA, ROE, ROICPKST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 -10 -20 -30 -40 -50

1.3 Margins

With a Operating Margin value of 22.55%, PKST perfoms like the industry average, outperforming 53.60% of the companies in the same industry.
In the last couple of years the Operating Margin of PKST has declined.
PKST's Gross Margin of 87.89% is amongst the best of the industry. PKST outperforms 89.60% of its industry peers.
In the last couple of years the Gross Margin of PKST has remained more or less at the same level.
Industry RankSector Rank
OM 22.55%
PM (TTM) N/A
GM 87.89%
OM growth 3Y-9.68%
OM growth 5Y-5.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.34%
GM growth 5Y1.43%
PKST Yearly Profit, Operating, Gross MarginsPKST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 -100 -200

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5

2. Health

2.1 Basic Checks

PKST has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for PKST. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
PKST Yearly Shares OutstandingPKST Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M
PKST Yearly Total Debt VS Total AssetsPKST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

PKST has an Altman-Z score of -0.69. This is a bad value and indicates that PKST is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.69, PKST is doing worse than 92.80% of the companies in the same industry.
PKST has a debt to FCF ratio of 14.16. This is a negative value and a sign of low solvency as PKST would need 14.16 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.16, PKST is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
A Debt/Equity ratio of 1.11 is on the high side and indicates that PKST has dependencies on debt financing.
PKST has a Debt to Equity ratio of 1.11. This is comparable to the rest of the industry: PKST outperforms 52.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.11
Debt/FCF 14.16
Altman-Z -0.69
ROIC/WACC0.31
WACC5.8%
PKST Yearly LT Debt VS Equity VS FCFPKST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

PKST has a Current Ratio of 3.14. This indicates that PKST is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.14, PKST belongs to the best of the industry, outperforming 87.20% of the companies in the same industry.
A Quick Ratio of 3.14 indicates that PKST has no problem at all paying its short term obligations.
PKST's Quick ratio of 3.14 is amongst the best of the industry. PKST outperforms 87.20% of its industry peers.
Industry RankSector Rank
Current Ratio 3.14
Quick Ratio 3.14
PKST Yearly Current Assets VS Current LiabilitesPKST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

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2

3. Growth

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%218.18%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.13%

3.2 Future

The Earnings Per Share is expected to grow by 131.37% on average over the next years. This is a very strong growth
PKST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.59% yearly.
EPS Next Y-5233.97%
EPS Next 2Y-565.81%
EPS Next 3Y182.06%
EPS Next 5Y131.37%
Revenue Next Year4.64%
Revenue Next 2Y2.83%
Revenue Next 3Y6.46%
Revenue Next 5Y5.59%

3.3 Evolution

PKST Yearly Revenue VS EstimatesPKST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 100M 200M 300M 400M
PKST Yearly EPS VS EstimatesPKST Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 -5 -10

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 1042.00, which means the current valuation is very expensive for PKST.
Based on the Price/Earnings ratio, PKST is valued a bit more expensive than the industry average as 72.00% of the companies are valued more cheaply.
PKST's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.62.
The Forward Price/Earnings Ratio is negative for PKST. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 1042
Fwd PE N/A
PKST Price Earnings VS Forward Price EarningsPKST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 200 400 600 800 1K

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PKST is valued cheaper than 91.20% of the companies in the same industry.
PKST's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PKST is cheaper than 97.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.6
EV/EBITDA 8.83
PKST Per share dataPKST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

PKST's earnings are expected to grow with 182.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-565.81%
EPS Next 3Y182.06%

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4

5. Dividend

5.1 Amount

PKST has a Yearly Dividend Yield of 8.64%, which is a nice return.
In the last 3 months the price of PKST has falen by -20.58%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
PKST's Dividend Yield is rather good when compared to the industry average which is at 18.31. PKST pays more dividend than 84.80% of the companies in the same industry.
PKST's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 8.64%

5.2 History

PKST does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
PKST Yearly Dividends per sharePKST Yearly Dividends per shareYearly Dividends per share 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

The earnings of PKST are negative and hence is the payout ratio. PKST will probably not be able to sustain this dividend level.
DP-76.47%
EPS Next 2Y-565.81%
EPS Next 3Y182.06%
PKST Yearly Income VS Free CF VS DividendPKST Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 0 -200M -400M

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PEAKSTONE REALTY TRUST

NYSE:PKST (2/21/2025, 8:04:01 PM)

After market: 10.6 +0.18 (+1.73%)

10.42

-0.25 (-2.34%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)05-05 2025-05-05
Inst Owners46.95%
Inst Owner ChangeN/A
Ins Owners0.74%
Ins Owner Change-3.92%
Market Cap379.08M
Analysts47.5
Price Target13.6 (30.52%)
Short Float %4.31%
Short Ratio7.53
Dividend
Industry RankSector Rank
Dividend Yield 8.64%
Yearly Dividend1.13
Dividend Growth(5Y)N/A
DP-76.47%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-936.76%
Min EPS beat(2)-1542.16%
Max EPS beat(2)-331.37%
EPS beat(4)1
Avg EPS beat(4)-617.07%
Min EPS beat(4)-1542.16%
Max EPS beat(4)44.48%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-6.87%
Min Revenue beat(2)-8.8%
Max Revenue beat(2)-4.94%
Revenue beat(4)1
Avg Revenue beat(4)-5.18%
Min Revenue beat(4)-8.8%
Max Revenue beat(4)0.2%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.23%
PT rev (3m)6.67%
EPS NQ rev (1m)-15.45%
EPS NQ rev (3m)-178.43%
EPS NY rev (1m)-126.91%
EPS NY rev (3m)-1328.57%
Revenue NQ rev (1m)-6.98%
Revenue NQ rev (3m)-5.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.2%
Valuation
Industry RankSector Rank
PE 1042
Fwd PE N/A
P/S 1.63
P/FCF 4.6
P/OCF 4.06
P/B 0.36
P/tB 0.4
EV/EBITDA 8.83
EPS(TTM)0.01
EY0.1%
EPS(NY)-0.51
Fwd EYN/A
FCF(TTM)2.27
FCFY21.76%
OCF(TTM)2.56
OCFY24.61%
SpS6.41
BVpS28.8
TBVpS26.01
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.76%
ROE -4.11%
ROCE 2.24%
ROIC 1.77%
ROICexc 1.97%
ROICexgc 2.13%
OM 22.55%
PM (TTM) N/A
GM 87.89%
FCFM 35.38%
ROA(3y)-10.44%
ROA(5y)-6.21%
ROE(3y)-24.28%
ROE(5y)-14.43%
ROIC(3y)1.65%
ROIC(5y)1.81%
ROICexc(3y)1.79%
ROICexc(5y)1.92%
ROICexgc(3y)1.9%
ROICexgc(5y)2.04%
ROCE(3y)2.08%
ROCE(5y)2.29%
ROICexcg growth 3Y-7.45%
ROICexcg growth 5Y-6.56%
ROICexc growth 3Y-7.72%
ROICexc growth 5Y-6.24%
OM growth 3Y-9.68%
OM growth 5Y-5.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.34%
GM growth 5Y1.43%
F-Score7
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.11
Debt/FCF 14.16
Debt/EBITDA 7.9
Cap/Depr 11.34%
Cap/Sales 4.63%
Interest Coverage 250
Cash Conversion 63.09%
Profit Quality N/A
Current Ratio 3.14
Quick Ratio 3.14
Altman-Z -0.69
F-Score7
WACC5.8%
ROIC/WACC0.31
Cap/Depr(3y)15.61%
Cap/Depr(5y)29.84%
Cap/Sales(3y)7.11%
Cap/Sales(5y)12.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%218.18%
EPS Next Y-5233.97%
EPS Next 2Y-565.81%
EPS Next 3Y182.06%
EPS Next 5Y131.37%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.13%
Revenue Next Year4.64%
Revenue Next 2Y2.83%
Revenue Next 3Y6.46%
Revenue Next 5Y5.59%
EBIT growth 1Y17.37%
EBIT growth 3Y-22.17%
EBIT growth 5Y-10.2%
EBIT Next Year160.13%
EBIT Next 3Y39.12%
EBIT Next 5Y23.07%
FCF growth 1Y-51.07%
FCF growth 3Y-6.47%
FCF growth 5YN/A
OCF growth 1Y-49.43%
OCF growth 3Y-18.47%
OCF growth 5Y-5.91%