PKST

Peakstone Realty Trust operates as a real estate investment trust (REIT) focused on owning and managing primarily single-tenant commercial properties across the United States. Headquartered in Dallas, Texas, the company concentrates on necessity-based and service-oriented retail assets, industrial properties, and other commercial real estate that serves essential consumer needs. Peakstone's portfolio consists of properties leased to tenants operating in sectors such as automotive services, convenience stores, restaurants, medical facilities, and general retail. The company generates revenue primarily through long-term triple-net leases, where tenants assume responsibility for property expenses including taxes, insurance, and maintenance. As of its recent filings, Peakstone manages a diversified portfolio spanning multiple states, providing geographic and tenant diversity to mitigate concentration risk. The REIT originated from a strategic repositioning of its predecessor entity, transitioning from office-focused assets to its current emphasis on retail and industrial properties. This transformation involved significant portfolio rationalization and capital reallocation to align with evolving real estate market dynamics. Peakstone pursues a disciplined investment approach, targeting properties with stable cash flows and creditworthy tenants in strategically located markets. The company remains externally managed and focuses on creating value through active portfolio management, selective acquisitions, and maintaining strong tenant relationships across its geographically diverse asset base.