PDM - NYSE
Piedmont Office Realty Trust, Inc.
$8.76
+4.0%Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
At a Glance
Live SnapshotPiedmont Office Realty Trust, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
Piedmont Office Realty Trust, Inc. Cash Flow Statement
PDM • NYSE
| Piedmont Office Realty Trust, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
-83.6M | -79.1M | -48.4M | 146.8M | -1.2M | 232.7M | 229.3M | 130.3M | 133.5M | 107.9M | 173M | 43.4M | 98.7M | 93.2M | 225.1M | 120.9M | 75.2M | 131.3M | 133.6M | 133.3M | |
0.0 | 227.7M | 226.8M | 215.4M | 199.3M | 195.1M | 177.6M | 166.3M | 193.2M | 202.1M | 195.7M | 195M | 167.5M | 162.5M | 167.7M | 147.8M | 162.2M | 161.8M | 174.3M | 167.5M | |
0.0 | 0.0 | 0.0 | 0.0 | 40.4M | -200.8M | -188.1M | -74M | -73.2M | -67.4M | -129.1M | 13.2M | -17.8M | -26.2M | -118.1M | -531K | 42.2M | 1.4M | -22.4M | 0.0 | |
7.4M | 9.6M | 8.1M | 9M | 11M | 9.7M | 15.4M | 9.7M | 9.2M | 7.9M | 7.1M | 4M | 1.6M | 2.2M | 4.7M | 3.7M | 2.9M | 3.8M | 3.7M | 0.0 | |
270.3M | 34.7M | 32.7M | -125M | 3.3M | 2.1M | 87K | -250K | 1.6M | 1.7M | 1.8M | 99K | 3.5M | 4.6M | -1.1M | 10.4M | -2.3M | 4.7M | 5M | -15.7M | |
-53.5M | 5.2M | -9.1M | -31M | -10.6M | -45.5M | -25.9M | -29.2M | -21.5M | -16.4M | -31.1M | -39.8M | -38.5M | -13.2M | -8M | -6.6M | 1.4M | -6.5M | -11.6M | -6.2M | |
140.6M | 198.1M | 210.1M | 215.2M | 242.2M | 193.3M | 208.5M | 202.9M | 242.8M | 235.8M | 217.3M | 215.9M | 215.1M | 223.3M | 270.3M | 275.8M | 281.5M | 296.5M | 282.5M | 278.9M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | (0.0) | -158.2M | -121.4M | -122.6M | -112.6M | -103.6M | -72.1M | -79.8M | -110.2M | -118.7M | -168.9M | -176M | -108.5M | -215.6M | -114.1M | (0.0) | (0.0) | (0.0) | (111.5M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (12.3M) | (0.0) | (844.2M) | (47.1M) | (81.4M) | (93.8M) | (3M) | (189K) | (0.0) | (0.0) | (4.3M) | -2.2M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -3.2M | -1.2M | (0.0) | (0.0) | -42K | -793K | -136K | -151K | -173K | -47.5M | -168.8M | -127.8M | -268.6M | |
0.0 | 0.0 | 0.0 | 415.9M | 0.0 | 360.1M | 589.8M | 578.4M | 79.8M | 365.9M | 848.2M | 168.9M | 176M | 0.0 | 291.8M | 51.6M | 0.0 | 0.0 | 0.0 | 963K | |
-175.3M | -186.6M | -37.8M | -295.8M | -246.3M | -445.4M | -351.8M | 395.9M | 229.4M | -9.6M | -420.5M | -314M | -576.5M | -51M | -45.3M | -17.7M | -21.2M | -23.1M | 52.3M | -30.1M | |
-175.3M | -186.6M | -196M | -1.2M | -368.9M | -197.9M | (134.4M) | (323.8M) | (240.6M) | -119.9M | (305M) | -266.9M | -495.8M | -65.8M | (33.7M) | -80.2M | -68.7M | -191.9M | -71.2M | -188.4M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-2.3M | -1.8M | -1.8M | -3.9M | -19.5M | -30M | -16.9M | -298.5M | -60.5M | -7.9M | -158.9M | -54.8M | -173.6M | -88.5M | -3.2M | 182.9M | -17.1M | -90.2M | 36.4M | -28.5M | |
-39.9M | 164.4M | 67.7M | -93.6M | 254M | 138.8M | -206M | -43.4M | -296.4M | -12.1M | -243.5M | 237.7M | 585.6M | -59.1M | 6.1M | -114M | -7.1M | 222.5M | 60.5M | 207.5M | |
-30.9M | -61.9M | -93.1M | -104.4M | -103.9M | -106.3M | -106.4M | -184.1M | -122.3M | -91.6M | -126.5M | -125.2M | -132.3M | -136.4M | -220.4M | -217M | -199M | -279.4M | -283.2M | -273.3M | |
-2.3M | -1.8M | -1.8M | -3.9M | -19.5M | -30M | -16.9M | -298.5M | -60.5M | -7.9M | -158.9M | -54.8M | -173.6M | -88.5M | -3.2M | -2.9M | -107.6M | -234M | -113.6M | -178.9M | |
-2.3M | -2.6M | -2.3M | -1.3M | -4.2M | -4.1M | -4.2M | -3.3M | -3.7M | -2.7M | -2M | -1.3M | -5M | -229K | -3.6M | -743K | -93K | -2.1M | -4.2M | -1.1M | |
-75.3M | 98.2M | -29.5M | -203.2M | 126.4M | -1.6M | -333.5M | -529.4M | -482.9M | -114.4M | -529.2M | 56.4M | 274.8M | -284.2M | -221.1M | -148.8M | -223.2M | -149.3M | -190.5M | -95.4M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-110.1M | 109.7M | -15.4M | 10.7M | -354K | -6.2M | 9.4M | -2.7M | 551K | 1.6M | -6.9M | 5.3M | -6M | -126.7M | 83M | 46.7M | -10.3M | -44.7M | 20.9M | -4.8M | |
113.9M | 4.2M | 19.6M | 8.9M | 9.2M | 15.4M | 6M | 8.8M | 8.2M | 5.4M | 12.3M | 7M | 13M | 139.7M | 56.7M | 10M | 20.3M | 65M | 44.1M | 49M | |
3.8M | 113.9M | 4.2M | 19.6M | 8.9M | 9.2M | 15.4M | 6M | 8.8M | 7M | 5.4M | 12.3M | 7M | 13M | 139.7M | 56.7M | 10M | 20.3M | 65M | 44.1M | |
-16.7M | -14M | 51.9M | 93.9M | 119.6M | 80.7M | 104.9M | 130.8M | 163M | 125.6M | 98.7M | 47M | 39.1M | 114.8M | 54.7M | 161.6M | 281.5M | 296.5M | 282.5M | 390.4M |
SEC Filings
PDM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 12, 2026 | May 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 18, 2026 | May 12, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 17, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 03, 2026 | February 03, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 20, 2025 | November 20, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 13, 2025 | November 13, 2025 | 2025 |
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