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PKST / Peakstone Realty: Steer Clear Of This Single-Tenant Net Lease Office REIT
Peakstone Realty Trust's heavy exposure to single-tenant office properties makes it a risky investment due to the potential costs of converting these spaces for multi-tenant use. PKST stock appears overvalued, with potential downside ranging from 27% to 67% depending on the assumed net asset value. The uncertain future demand for office space in a hybrid work environment and lack of positive catalysts for PKST make it an unattractive investment option.
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Posted: Jun 27 2023, 08:35
Author Name: Seeking Alpha
Views: 110842
PKST News
By Seeking Alpha
June 27, 2023
Peakstone Realty: Steer Clear Of This Single-Tenant Net Lease Office REIT
Peakstone Realty Trust's heavy exposure to single-tenant office properties makes it a risky investment due to the potential costs of converting these more_horizontal