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Real Estate - REIT - Office - NYSE - US
$ 8.82
0.456 %
$ 1.09 B
Market Cap
-14.0
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one PDM stock under the worst case scenario is HIDDEN Compared to the current market price of 8.82 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one PDM stock under the base case scenario is HIDDEN Compared to the current market price of 8.82 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one PDM stock under the best case scenario is HIDDEN Compared to the current market price of 8.82 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
578 M REVENUE
2.48%
77.3 M OPERATING INCOME
-10.93%
-48.4 M NET INCOME
-32.95%
210 M OPERATING CASH FLOW
-2.36%
-196 M INVESTING CASH FLOW
-15619.33%
-29.5 M FINANCING CASH FLOW
85.48%
139 M REVENUE
-2.77%
18.9 M OPERATING INCOME
-2.71%
-11.5 M NET INCOME
-17.43%
42.9 M OPERATING CASH FLOW
-35.83%
-33 M INVESTING CASH FLOW
49.60%
-16.7 M FINANCING CASH FLOW
-12.39%
Balance Sheet Piedmont Office Realty Trust, Inc.
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Current Assets 196 M
Cash & Short-Term Investments 825 K
Receivables 192 M
Other Current Assets 3.38 M
Non-Current Assets 3.86 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 3.86 B
Current Liabilities 525 M
Accounts Payable 132 M
Short-Term Debt 368 M
Other Current Liabilities 24.9 M
Non-Current Liabilities 1.81 B
Long-Term Debt 1.69 B
Other Non-Current Liabilities 123 M
EFFICIENCY
Earnings Waterfall Piedmont Office Realty Trust, Inc.
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Revenue 578 M
Cost Of Revenue 237 M
Gross Profit 341 M
Operating Expenses 343 M
Operating Income 77.3 M
Other Expenses 126 M
Net Income -48.4 M
RATIOS
58.97% GROSS MARGIN
58.97%
13.37% OPERATING MARGIN
13.37%
-8.37% NET MARGIN
-8.37%
-2.81% ROE
-2.81%
-1.19% ROA
-1.19%
2.05% ROIC
2.05%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Piedmont Office Realty Trust, Inc.
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Net Income -48.4 M
Depreciation & Amortization 227 M
Capital Expenditures -158 M
Stock-Based Compensation 8.09 M
Change in Working Capital -9.07 M
Others 23.6 M
Free Cash Flow 51.9 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Piedmont Office Realty Trust, Inc.
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Wall Street analysts predict an average 1-year price target for PDM of $13.8 , with forecasts ranging from a low of $12 to a high of $17 .
PDM Lowest Price Target Wall Street Target
12 USD 36.05%
PDM Average Price Target Wall Street Target
13.8 USD 55.90%
PDM Highest Price Target Wall Street Target
17 USD 92.74%
4. DIVIDEND ANALYSIS
1.24% DIVIDEND YIELD
0.125 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Piedmont Office Realty Trust, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 year ago
Mar 20, 2023
Bought 70.5 K USD
BARRETT KELLY HEFNER
Director
+ 10000
7.0544 USD
1 year ago
Mar 20, 2023
Bought 14 K USD
Taysom Dale H.
Director
+ 2000
6.9876 USD
1 year ago
Mar 20, 2023
Bought 501 K USD
Swope Jeffrey L.
Director
+ 70000
7.1639 USD
1 year ago
Mar 20, 2023
Bought 2.49 K USD
Lang Barbara B
Director
+ 348
7.1478 USD
1 year ago
Mar 17, 2023
Bought 20 K USD
Guilbert Edward H III
EVP - Finance & Treasurer
+ 2850
7 USD
1 year ago
Mar 17, 2023
Bought 14 K USD
Bowers Robert E
EVP-CFO&Admin Off
+ 2000
6.9882 USD
1 year ago
Mar 15, 2023
Bought 53.7 K USD
Smith Christopher Brent
President & Chief Exec. Off
+ 7000
7.67 USD
2 years ago
Sep 30, 2022
Bought 3.33 K USD
Lang Barbara B
director:
+ 325
10.2394 USD
2 years ago
Aug 31, 2022
Bought 500 K USD
Swope Jeffrey L.
director:
+ 42000
11.9 USD
2 years ago
Aug 31, 2022
Bought 59.1 K USD
MCDOWELL FRANK C
director:
+ 5000
11.82 USD
2 years ago
Aug 04, 2022
Bought 39 K USD
COHEN GLENN GARY
director:
+ 3000
13.01 USD
2 years ago
May 09, 2022
Bought 15.2 K USD
Taysom Dale H.
director:
+ 1000
15.23 USD
2 years ago
May 03, 2022
Sell 123 K USD
Moon Laura P
SVP- CAO
- 7627.1286
16.09 USD
2 years ago
May 03, 2022
Bought 80.8 K USD
COHEN GLENN GARY
director:
+ 5000
16.15 USD
2 years ago
Mar 01, 2022
Bought 8.45 K USD
Taysom Dale H.
Director
+ 500
16.893 USD
2 years ago
Feb 24, 2022
Bought 79.1 K USD
COHEN GLENN GARY
Director
+ 5000
15.82 USD
3 years ago
Sep 03, 2021
Bought 49.4 K USD
Smith Christopher Brent
President & Chief Exec. Off
+ 2800
17.63 USD
4 years ago
Nov 02, 2020
Bought 22.9 K USD
Wells George M.
EVP- RE Ops
+ 2000
11.43 USD
4 years ago
Nov 02, 2020
Bought 50.8 K USD
Smith Christopher Brent
President & Chief Exec. Off
+ 4450
11.41 USD
4 years ago
Nov 02, 2020
Bought 232 K USD
Swope Jeffrey L.
Director
+ 20000
11.6 USD
4 years ago
May 13, 2020
Bought 28.3 K USD
Taysom Dale H.
Director
+ 2000
14.14 USD
4 years ago
May 13, 2020
Bought 100 K USD
Swope Jeffrey L.
Director
+ 7185
13.96 USD
4 years ago
May 04, 2020
Bought 80.4 K USD
COHEN GLENN GARY
Director
+ 5000
16.07 USD
4 years ago
Mar 17, 2020
Bought 44.8 K USD
Swope Jeffrey L.
Director
+ 3000
14.93 USD
6 years ago
Nov 02, 2018
Bought 35.7 K USD
Taysom Dale H.
Director
+ 2000
17.85 USD
6 years ago
May 04, 2018
Bought 186 K USD
BARRETT KELLY HEFNER
Director
+ 10000
18.65 USD
6 years ago
Mar 13, 2018
Bought 100 K USD
Swope Jeffrey L.
Director
+ 5700
17.57 USD
6 years ago
Feb 12, 2018
Bought 49.8 K USD
Smith Christopher Brent
Chief Inv. Off & EVP-NE Reg
+ 2800
17.8 USD
7 years ago
Nov 09, 2017
Sell 150 K USD
CANTRELL WESLEY E
Director
- 7500
20.02 USD
7 years ago
May 24, 2017
Sell 169 K USD
Moon Laura P
SVP- CAO
- 7800
21.6356 USD
9 years ago
Dec 10, 2015
Sell 206 K USD
Moon Laura P
SVP- CAO
- 11000
18.75 USD
9 years ago
Sep 01, 2015
Bought 125 K USD
Miller Donald A
President and CEO
+ 7500
16.72 USD
9 years ago
Aug 25, 2015
Bought 100 K USD
Swope Jeffrey L.
Director
+ 5800
17.25 USD
9 years ago
Aug 24, 2015
Bought 175 K USD
MCDOWELL FRANK C
Director
+ 10000
17.5 USD
9 years ago
May 06, 2015
Bought 24.9 K USD
Owens Raymond Lee
EVP- Cap Mkts
+ 1425
17.46 USD
9 years ago
Feb 12, 2015
Sell 28.4 K USD
KEOGLER WILLIAM H JR
Director
- 1500
18.93 USD
9 years ago
Feb 11, 2015
Bought 100 K USD
Swope Jeffrey L.
Director
+ 5400
18.58 USD
10 years ago
Nov 25, 2014
Bought 108 K USD
Swope Jeffrey L.
Director
+ 5750
18.75 USD
10 years ago
Nov 18, 2014
Bought 101 K USD
Swope Jeffrey L.
Director
+ 5250
19.17 USD
11 years ago
Aug 21, 2013
Bought 13.6 K USD
WOODY W WAYNE
Director
+ 792
17.2 USD
12 years ago
Nov 20, 2012
Bought 109 K USD
WOODY W WAYNE
Director
+ 6250
17.42 USD
12 years ago
Nov 08, 2012
Bought 88.9 K USD
MOSS DONALD S
Director
+ 5000
17.78 USD
12 years ago
May 30, 2012
Bought 99.4 K USD
Swope Jeffrey L.
Director
+ 6000
16.56 USD
12 years ago
May 25, 2012
Bought 101 K USD
BUCHANAN MICHAEL R
Director
+ 6050
16.72 USD
12 years ago
May 23, 2012
Bought 24.7 K USD
Owens Raymond Lee
EVP- Cap Mkts
+ 1500
16.49 USD
12 years ago
May 15, 2012
Bought 128 K USD
Miller Donald A
President and CEO
+ 7500
17 USD
12 years ago
May 11, 2012
Bought 98.6 K USD
CANTRELL WESLEY E
Director
+ 5800
17 USD
12 years ago
May 09, 2012
Bought 171 K USD
MCDOWELL FRANK C
Director
+ 10000
17.12 USD
12 years ago
Mar 19, 2012
Sell 44.2 K USD
KEOGLER WILLIAM H JR
Director
- 2500
17.69 USD
14 years ago
Feb 17, 2010
Bought 45.1 K USD
KEOGLER WILLIAM H JR
Director
+ 2775
16.27 USD
14 years ago
Feb 17, 2010
Bought 40.5 K USD
KEOGLER WILLIAM H JR
Director
+ 2501
16.19 USD
14 years ago
Feb 16, 2010
Bought 60.7 K USD
KEOGLER WILLIAM H JR
Director
+ 3724
16.31 USD
14 years ago
Feb 16, 2010
Bought 16.3 K USD
KEOGLER WILLIAM H JR
Director
+ 1000
16.31 USD
13 years ago
Feb 25, 2011
Sell 68.5 K USD
KEOGLER WILLIAM H JR
Director
- 3500
19.58 USD
14 years ago
Feb 16, 2010
Bought 50.8 K USD
KEOGLER WILLIAM H JR
Director
+ 3500
14.5 USD
14 years ago
Feb 16, 2010
Bought 58 K USD
MCDOWELL FRANK C
Director
+ 4000
14.5 USD
14 years ago
Feb 16, 2010
Bought 72.5 K USD
WOODY W WAYNE
Director
+ 5000
14.5 USD
14 years ago
Feb 16, 2010
Bought 116 K USD
BUCHANAN MICHAEL R
Director
+ 8000
14.5 USD
14 years ago
Feb 16, 2010
Bought 116 K USD
CANTRELL WESLEY E
Director
+ 8000
14.5 USD
14 years ago
Feb 16, 2010
Bought 14.5 K USD
Reddic Carroll A IV
Exec VP - Real Estate Ops
+ 1000
14.5 USD
14 years ago
Feb 16, 2010
Bought 2.9 K USD
Bowers Robert E
Chief Financial Officer
+ 200
14.5 USD
14 years ago
Feb 16, 2010
Bought 216 K USD
Miller Donald A
Chief Executive Officer
+ 14900
14.5 USD
14 years ago
Feb 16, 2010
Bought 1.48 K USD
Miller Donald A
Chief Executive Officer
+ 100
14.75 USD
7. News
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy) Piedmont Office Realty Trust focuses on high-quality office properties, particularly in the Sun Belt region, showing strong financial performance and asset repositioning success. The Sun Belt region's demographic growth supports Piedmont's strategic focus, with significant population increases driving demand for premium office spaces. Piedmont's financial health is robust, with climbing occupancy rates, conservative leverage, and well-covered dividends, indicating resilience and potential for future growth. seekingalpha.com - 1 month ago
Piedmont Office Realty Trust, Inc. (PDM) Q3 2024 Earnings Call Transcript Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Laura Moon - Senior Vice President and Chief Accounting Officer Brent Smith - President and Chief Executive Officer George Wells - Executive Vice President and Chief Operating Officer Christopher Kollme - Executive Vice President, Investments Robert Bowers - Executive Vice President and Chief Financial and Administrative Officer Sherry Rexroad - Executive Vice President Finance Conference Call Participants Anthony Paolone - JPMorgan Michael Lewis - Truist Securities Nick Thillman - Baird Dylan Burzinski - Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust Incorporated Third Quarter 2024 Earnings Call. seekingalpha.com - 2 months ago
Piedmont Office (PDM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates Although the revenue and EPS for Piedmont Office (PDM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 2 months ago
Piedmont Office (PDM) Q3 FFO and Revenues Miss Estimates Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.43 per share a year ago. zacks.com - 2 months ago
Piedmont Office Realty Trust Reports Third Quarter 2024 Results YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased globenewswire.com - 2 months ago
Two Government Officials Caught Red-Handed in Massive PDM Money Theft Yesterday October, 17, 3025, two government officials were arraigned before the Bududa Chief Magistrates Court on charges of mishandling Parish Development Model (PDM) funds. The suspects, Wakoko Kassim and Nakhaima Francis, now face serious allegations of corruption and deceit in Bududa District. Wakoko Kassim, the Parish Chief of Bunandutu, is accused of defrauding millions of […] The post Two Government Officials Caught Red-Handed in Massive PDM Money Theft appeared first on Watchdog Uganda... watchdoguganda.com - 3 months ago
Piedmont REIT Signs over 461,000 SF of Leases during Third Quarter YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased globenewswire.com - 3 months ago
MITALA UMAR: Strengthening Justice for PDM Extortion: Beyond Mediation, A Call for Tougher Punishments. The Parish Development Model (PDM) is one of Uganda’s most ambitious socio-economic programs aimed at uplifting grassroots communities through financial empowerment. However, the rising incidents of extortion and misuse of PDM funds pose a significant threat to this initiative. The trend of resolving such cases through mediation or restitution alone is insufficient to address the […] The post MITALA UMAR: Strengthening Justice for PDM Extortion: Beyond Mediation, A Call for Tougher Punishments... watchdoguganda.com - 3 months ago
Piedmont Office Realty Trust Reports Virtually No Damage From Hurricane Milton Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, announced today that its property management team, after reviewing detailed property reports for all of the Company's Orlando assets, has reported virtually no damage to any of Piedmont's properties from Hurricane Milton and that all personnel in the affected areas are reported safe. globenewswire.com - 3 months ago
Piedmont Office Realty Trust, Inc. to Report Third Quarter 2024 Financial Results Atlanta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Atlanta, GA – October 8, 2024 – Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Thursday, October 24, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, October 25, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review third quarter performance, discuss recent events, and conduct a question-and-answer period. globenewswire.com - 3 months ago
Piedmont Office Realty Trust, Inc. Announces CFO Transition Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E. globenewswire.com - 3 months ago
Are Investors Undervaluing Piedmont Office Realty Trust (PDM) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 4 months ago
8. Profile Summary

Piedmont Office Realty Trust, Inc. PDM

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 1.09 B
Dividend Yield 1.24%
Description 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.
Contact 5565 Glenridge Connector, Atlanta, GA, 30342 https://www.piedmontreit.com
IPO Date Feb. 10, 2010
Employees 150
Officers Ms. Laura P. Moon Chief Accounting Officer & Senior Vice President Mr. Alex Valente Executive Vice President of South East Region Ms. Sherry L. Rexroad CFA Executive Vice President & Chief Financial Officer Mr. Kevin D. Fossum Executive Vice President of Property Management Mr. George M. Wells Executive Vice President & Chief Operating Officer Mr. Damian J. Miller CFA Executive Vice President of Dallas - Southwest Region Mr. Christopher Brent Smith President, Chief Executive Officer & Director Mr. Christopher A. Kollme Executive Vice President of Investments & Strategy Mr. Thomas A. McKean Senior Vice President, Associate General Counsel & Corporate Secretary Ms. Lisa M. Tyler Senior Vice President of Human Resource