Peakstone Realty Trust
Peakstone Realty Trust was a publicly traded industrial REIT that pivoted from office to industrial outdoor storage assets, owning approximately 76 industrial properties across 19 US states before being acquired by Brookfield Asset Management for $1.2 billion in May 2026.
- Company typePrivate
- Founded2023
- HeadquartersEl Segundo, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Peakstone Realty Trust does
Peakstone Realty Trust was a publicly traded real estate investment trust (REIT) listed on the New York Stock Exchange under ticker PKST from April 2023 until May 6, 2026, when it was acquired by Brookfield Asset Management. The company owned and operated a portfolio of approximately 76 industrial outdoor storage (IOS) and traditional industrial properties spanning 19 US states, including California, Texas, New Jersey, Georgia, Tennessee, Pennsylvania, and Virginia. The company executed a deliberate strategic pivot from office to industrial-only assets, culminating in the December 2025 sale of 33 office properties for $883.7 million and the integration of its pure-industrial portfolio into Brookfield's global logistics platform.
The business model was straightforward commercial real estate ownership and leasing: Peakstone generated rental income from single-tenant and multi-tenant industrial properties serving logistics companies, manufacturers, infrastructure contractors, and other industrial tenants requiring outdoor storage for equipment, vehicles, construction materials, and freight containers. The company explicitly targeted blue-chip tenants with investment-grade credit ratings, with named occupants including PepsiCo at the 605,412 sq. ft. Lakeland, Florida property. Distribution occurred through direct commercial leasing for tenants and NYSE public share trading for institutional investors. Peakstone did not offer any technology products, software, or platform services; its operations were grounded entirely in physical real estate asset management from its El Segundo, California headquarters.
Revenue was generated through recurring rental income from the industrial portfolio. Full-year 2025 revenue was $105.98 million, with Q3 2025 revenue of $25.8 million and Q4 2025 net income of $3.7 million, though the full-year 2025 result included a $332.6 million net loss driven by asset write-downs and transition costs related to the office-to-industrial pivot. The company employed 11-50 staff focused on asset management roles. Peakstone's portfolio exited as part of Brookfield's $1.2 billion all-cash acquisition at $21.00 per share, representing a 34% premium to the prior share price.
Peakstone Realty Trust firmographics
Firmographics- Name
- Peakstone Realty Trust
- Legal name
- Peakstone Realty Trust
- Website
- https://pkst.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Peakstone Realty Trust was a publicly traded industrial REIT that pivoted from office to industrial outdoor storage assets, owning approximately 76 industrial properties across 19 US states before being acquired by Brookfield Asset Management for $1.2 billion in May 2026.
- Ownership category
- akta.pro rank
Peakstone Realty Trust industry classification
Industry- Product category
- Commercial Real Estate (REIT)
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Real Estate Investment Trusts (6798), Investors, Nec (6799)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industries
- Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
Keywords
Where Peakstone Realty Trust is headquartered
LocationHeadquarters
- HQ city
- El Segundo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Peakstone Realty Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations
Revenue model
- Rental Income from Industrial Properties: Peakstone Realty Trust generated revenue through rental income from its portfolio of industrial outdoor storage and traditional industrial properties. The company owned and operated IOS and traditional industrial properties across the United States, with tenants including logistics companies, manufacturers, and infrastructure contractors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Peakstone Realty Trust product offering
Product offeringCore offering
Peakstone Realty Trust operated as a real estate investment trust (REIT). Following its acquisition by Brookfield Asset Management (a private equity firm), the company became a privately held entity within Brookfield's investment portfolio. Specific details about the property portfolio, asset classes, and operational scope are not detailed in the available input.
Product overview
Peakstone Realty Trust was an industrial Real Estate Investment Trust (REIT) that owned and operated industrial outdoor storage (IOS) and traditional industrial properties. The company executed a strategic pivot from office to industrial assets, completing the sale of its office portfolio by December 2025 to focus exclusively on IOS properties. The portfolio consisted of approximately 76-77 industrial properties spanning multiple states across the United States, including California, Texas, New Jersey, Georgia, Tennessee, Pennsylvania, Virginia, South Carolina, and others. The company was acquired by Brookfield Asset Management on May 6, 2026, for approximately $1.2 billion ($21.00 per share) and became privately held, with shares ceasing to trade on the NYSE. Peakstone did not offer technology products, software, or platform services—its business was purely real estate ownership and operation.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Investment Trust Operations
Companies that use Peakstone Realty Trust
Customer profileNamed customers1 record
Segments1 record
Peakstone Realty Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Peakstone Realty Trust partnerships and signals
Strategic signalScale indicators5 records
Recent moves12 records
Expansion highlights4 records
Peakstone Realty Trust competitors and assessment
Company assessmentDirect peers
- Plymouth Industrial REIT: Smaller industrial REIT focused on single and multi-tenant industrial properties across secondary and primary U.S. markets. Closely comparable in scale, single-tenant tilt, and acquisition-driven growth.
- First Industrial Realty Trust: Diversified industrial REIT operating light industrial and bulk distribution properties across major U.S. logistics markets. Comparable in asset class, geographic diversification, and institutional-grade tenant focus.
- Terreno Realty Corporation: Industrial REIT focused on acquiring, owning, and operating industrial real estate in six major U.S. coastal markets. Closely aligned with Peakstone on tenant quality, infill locations, and growth strategy.
- Rexford Industrial Realty: Pure-play industrial REIT focused on Southern California infill logistics properties. Closest peer to Peakstone's industrial-only strategy with comparable tenant base and rent growth profile.
- STAG Industrial: Largest publicly-traded REIT focused exclusively on single-tenant industrial properties. Direct comparable to Peakstone's single-tenant IOS strategy and similar institutional-grade tenant base.
- EastGroup Properties: Industrial REIT focused on distribution-oriented industrial properties in Sun Belt markets. Directly comparable in business model, asset type, and tenant base to Peakstone's IOS portfolio.
- LXP Industrial Trust: Industrial REIT focused on single-tenant warehouse/logistics assets and select multi-tenant industrial properties. Comparable single-tenant industrial strategy and similar institutional tenant roster.
- Industrial Logistics Properties Trust: Industrial REIT focused on owning and leasing industrial and logistics properties. Comparable in tenant profile, lease structure, and geographic diversification to Peakstone's portfolio.
Broad incumbents
- Prologis: Global leader in logistics real estate with over 1B sq. ft. across 19 countries. Now owns Peakstone's assets via Brookfield's platform; broader incumbent with overlapping industrial/logistics focus.
- Duke Realty (now part of Prologis): Was a major publicly-traded industrial REIT until acquired by Prologis in 2022. Illustrates the consolidation trajectory in the industrial REIT space and the playbook Brookfield may follow with Peakstone.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Peakstone Realty Trust social profiles
Digital presencePeakstone Realty Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peakstone Realty Trust leadership team
Management profileNumber of profiles
Profiles3 records
Peakstone Realty Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peakstone Realty Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Peakstone Realty Trust
What does Peakstone Realty Trust do?
Peakstone Realty Trust operated as a real estate investment trust (REIT). Following its acquisition by Brookfield Asset Management (a private equity firm), the company became a privately held entity within Brookfield's investment portfolio. Specific details about the property portfolio, asset classes, and operational scope are not detailed in the available input.
Is Peakstone Realty Trust a public or private company?
Peakstone Realty Trust is a private company. It is classified as private equity controlled and is currently acquired.
When was Peakstone Realty Trust founded?
Peakstone Realty Trust was founded in 2023. It employs 11 to 50 people.
Where is Peakstone Realty Trust based?
Peakstone Realty Trust is headquartered in El Segundo, United States, in the North America region.
How does Peakstone Realty Trust make money?
One revenue line is on record: rental Income from Industrial Properties.
Who are Peakstone Realty Trust's main competitors?
Direct peers on record are Plymouth Industrial REIT, First Industrial Realty Trust, Terreno Realty Corporation, Rexford Industrial Realty, STAG Industrial, EastGroup Properties, LXP Industrial Trust and Industrial Logistics Properties Trust. Broad incumbents are Prologis and Duke Realty (now part of Prologis).
Does Peakstone Realty Trust have an API?
No public API is recorded for Peakstone Realty Trust.
What industry is Peakstone Realty Trust in?
Peakstone Realty Trust's product category is Commercial Real Estate (REIT). Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its NAICS code is 525 and its SIC code is 6798.