In an open letter, a dedicated investor urges the Peakstone Board of Directors to initiate an aggressive share repurchase program, arguing the company is significantly undervalued. The author highlights key metrics, including an incredibly low price-to-FFO ratio of 4.91x and an implied portfolio cap rate of 12.9%, to make the case that buying back shares is the most value-creating action the board can take. The letter concludes by stating this opportunity is an "inflection point" that will lead to immense long-term value and growth for the company.
ASHBURN, Va., Aug. 15, 2025 /PRNewswire-PRWeb/ -- A dedicated investor and long-term believer in Peakstone's portfolio has issued a strong and detailed open letter to the company's Board of Directors. While commending the board's strategic pivot to a pure-play industrial REIT and the recent dividend cut, the author asserts that the failure to initiate an aggressive share repurchase program is a critical misstep.
The letter makes the case that Peakstone's common stock is "incredibly undervalued" by the market, providing detailed financial metrics such as a dramatically high implied cap rate and an extremely low price-to-FFO ratio compared to industry averages. The investor argues that the current stock price offers a rare and powerful opportunity to create immense long-term value for shareholders and that repurchasing shares is a far more compelling use of capital than any potential new acquisitions. The letter concludes by urging the board to act now, calling this moment an "inflection point" for the company's future growth.
Read the full open letter here to understand the investor's full financial analysis and call to action: An Open Letter to the Peakstone Board
Media Contact
Will Harvey, Harvey Capital LLC, 1 703-677-7991, [email protected], https://harvey-capital.com
SOURCE Harvey Capital LLC
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