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NYSE:PKST News 2 February 2026

Peakstone Realty Trust stock jumps 33% on Brookfield Asset Management’s $21-a-share buyout offer

Peakstone Realty Trust stock jumps 33% on Brookfield Asset Management’s $21-a-share buyout offer

New York, February 2, 2026, 10:11 a.m. ET — Regular session Shares of Peakstone Realty Trust (PKST) surged roughly 33% to $20.72 Monday morning following an announcement that Brookfield Asset Management plans to acquire the industrial REIT for $21 per share in cash. The deal puts Peakstone’s enterprise value at about $1.2 billion, factoring in both debt and equity. Brookfield’s…
2 February 2026
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Stock Market Today

  • Exxon Mobil Q4 Beat Highlights Permian and Guyana Output, Valuation at Crossroads
    February 2, 2026, 1:48 PM EST. Exxon Mobil (XOM) posted better-than-expected Q4 2025 results, driven by record upstream production in the Permian Basin and Guyana, alongside notable cost savings. The stock gained 15.29% over the past month and delivered a 36.88% total return over the past year. Despite trading above the average analyst target price of $134.04 at $141.40, a valuation model from Helzur suggests the stock is 7.1% overvalued, with a fair value estimated at $132.00 per share. This assessment emphasizes Exxon's strong cash flow, disciplined capital allocation, and operational excellence without relying on high oil price assumptions. Risks remain from commodity price volatility and potential policy-driven decarbonization impacts on upstream and Low Carbon Solutions business units.
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