Peakstone Stock Soars on $1.2B Brookfield Buyout Deal

Deal Highlights

Peakstone Realty Trust (NYSE:PKST) shares surged 33% following the announcement of a definitive acquisition agreement with a private real estate fund managed by Brookfield Asset Management (NYSE:BAM). The all-cash deal is valued at approximately $1.2 billion.

Transaction Overview

Brookfield will acquire Peakstone for $21.00 per share, representing a 34% premium to the stock's closing price on January 30, 2026. This move follows Peakstone's recent strategic pivot to an industrial-only Real Estate Investment Trust, completed in December 2025 after divesting all its office properties.

Market and Shareholder Impact

The transaction, unanimously approved by Peakstone's board, will result in the company becoming privately held and its shares being delisted from the New York Stock Exchange. Peakstone has also suspended its regular quarterly dividend pending the deal's closure. A 30-day "go-shop" period is included, allowing for alternative proposals.

Conclusion and Outlook

The acquisition is anticipated to close by the end of the second quarter of 2026, subject to customary closing conditions and shareholder approval. The deal solidifies Peakstone's value after its recent portfolio transformation.

FAQ

Q: What is the acquisition price for Peakstone Realty Trust?
A: The acquisition price is $21.00 per share in an all-cash transaction.

Q: When is the Peakstone acquisition expected to close?
A: The deal is expected to close by the end of the second quarter of 2026.

Source: Investing.com