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Real Estate - REIT - Office - NYSE - US
$ 7.125
-2.13 %
$ 886 M
Market Cap
-11.13
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 5, 2025.

The intrinsic value of one PDM stock under the worst case scenario is HIDDEN Compared to the current market price of 7.12 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 5, 2025.

The intrinsic value of one PDM stock under the base case scenario is HIDDEN Compared to the current market price of 7.12 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 5, 2025.

The intrinsic value of one PDM stock under the best case scenario is HIDDEN Compared to the current market price of 7.12 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
570 B REVENUE
98613.64%
40.4 B OPERATING INCOME
52198.05%
-79.1 M NET INCOME
-63.40%
198 M OPERATING CASH FLOW
-5.72%
-187 M INVESTING CASH FLOW
4.80%
98.2 M FINANCING CASH FLOW
432.76%
143 B REVENUE
102727.13%
4 M OPERATING INCOME
-78.84%
-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 303 M
Cash & Short-Term Investments 110 M
Receivables 194 M
Other Current Assets 0
Non-Current Assets 114 M
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 114 M
Current Liabilities 107 M
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 107 M
Non-Current Liabilities 2.42 B
Long-Term Debt 192 M
Other Non-Current Liabilities 2.23 B
EFFICIENCY
Earnings Waterfall Piedmont Office Realty Trust, Inc.
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Revenue 570 B
Cost Of Revenue 0
Gross Profit 570 B
Operating Expenses 530 B
Operating Income 40.4 B
Other Expenses 40.5 B
Net Income -79.1 M
RATIOS
100.00% GROSS MARGIN
100.00%
7.08% OPERATING MARGIN
7.08%
-13.86% NET MARGIN
-13.86%
-4978.44% ROE
-4978.44%
-2284.27% ROA
-2284.27%
13019.07% ROIC
13019.07%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Piedmont Office Realty Trust, Inc.
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Net Income -79.1 M
Depreciation & Amortization 157 M
Capital Expenditures 0
Stock-Based Compensation 9.55 M
Change in Working Capital 0
Others 111 M
Free Cash Flow 198 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 68.42%
PDM Average Price Target Wall Street Target
13.8 USD 92.98%
PDM Highest Price Target Wall Street Target
17 USD 138.60%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.125 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Piedmont Office Realty Trust, Inc.
image
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
3 years ago
Mar 01, 2022
Bought 8.45 K USD
Taysom Dale H.
Director
+ 500
16.893 USD
3 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
7 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
10 years ago
Feb 12, 2015
Sell 28.4 K USD
KEOGLER WILLIAM H JR
Director
- 1500
18.93 USD
10 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
15 years ago
Feb 17, 2010
Bought 45.1 K USD
KEOGLER WILLIAM H JR
Director
+ 2775
16.27 USD
15 years ago
Feb 17, 2010
Bought 40.5 K USD
KEOGLER WILLIAM H JR
Director
+ 2501
16.19 USD
15 years ago
Feb 16, 2010
Bought 60.7 K USD
KEOGLER WILLIAM H JR
Director
+ 3724
16.31 USD
15 years ago
Feb 16, 2010
Bought 16.3 K USD
KEOGLER WILLIAM H JR
Director
+ 1000
16.31 USD
14 years ago
Feb 25, 2011
Sell 68.5 K USD
KEOGLER WILLIAM H JR
Director
- 3500
19.58 USD
15 years ago
Feb 16, 2010
Bought 50.8 K USD
KEOGLER WILLIAM H JR
Director
+ 3500
14.5 USD
15 years ago
Feb 16, 2010
Bought 58 K USD
MCDOWELL FRANK C
Director
+ 4000
14.5 USD
15 years ago
Feb 16, 2010
Bought 72.5 K USD
WOODY W WAYNE
Director
+ 5000
14.5 USD
15 years ago
Feb 16, 2010
Bought 116 K USD
BUCHANAN MICHAEL R
Director
+ 8000
14.5 USD
15 years ago
Feb 16, 2010
Bought 116 K USD
CANTRELL WESLEY E
Director
+ 8000
14.5 USD
15 years ago
Feb 16, 2010
Bought 14.5 K USD
Reddic Carroll A IV
Exec VP - Real Estate Ops
+ 1000
14.5 USD
15 years ago
Feb 16, 2010
Bought 2.9 K USD
Bowers Robert E
Chief Financial Officer
+ 200
14.5 USD
15 years ago
Feb 16, 2010
Bought 216 K USD
Miller Donald A
Chief Executive Officer
+ 14900
14.5 USD
15 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: A Bargain Opportunity Before The Market Catches On Piedmont Office Realty Trust is experiencing earnings headwinds when looking at the surface. Positive market dynamics, including a flight to quality and shrinking supply pipelines, are benefiting office REITs like Piedmont and de-risking investments. Going into 2025 and beyond, I will show you that this is the time to buy into the stock. seekingalpha.com - 2 weeks ago
Piedmont Office Realty Trust, Inc. (PDM) Q4 2024 Earnings Call Transcript Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q4 2024 Earnings Call February 14, 2025 9:00 AM ET Company Participants Laura Moon - Investor Relations Brent Smith - President and Chief Executive Officer George Wells - Chief Operating Officer Chris Kollme - Executive Vice President, Investments Sherry Rexroad - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Nick Thillman - Baird Dylan Burzinski - Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust, Inc. Fourth Quarter 2024 Earnings Call. seekingalpha.com - 2 weeks ago
Piedmont Office (PDM) Reports Q4 Earnings: What Key Metrics Have to Say The headline numbers for Piedmont Office (PDM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
Piedmont Office (PDM) Matches Q4 FFO Estimates Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.41 per share a year ago. zacks.com - 2 weeks ago
Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2024 Results Atlanta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter and year ended December 31, 2024. globenewswire.com - 2 weeks ago
Seeking Clues to Piedmont Office (PDM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics Get a deeper insight into the potential performance of Piedmont Office (PDM) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. zacks.com - 3 weeks ago
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND Atlanta, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the first quarter of 2025. The dividend will be paid on March 14, 2025 to stockholders of record as of the close of business on February 21, 2025. globenewswire.com - 1 month ago
Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2024 Financial Results Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, February 14, 2025 at 9:00 a.m. ET 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 fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period. globenewswire.com - 1 month ago
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 - 2 months 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 - 4 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 - 4 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 - 4 months ago
8. Profile Summary

Piedmont Office Realty Trust, Inc. PDM

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 886 M
Dividend Yield 0.00%
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 Mr. Jon Kuskie Vice President of Sustainability & national Initiatives Mr. Christopher A. Kollme Executive Vice President of Investments & Strategy Ms. Sherry L. Rexroad CFA Executive Vice President & Chief Financial Officer Mr. Kevin D. Fossum Executive Vice President of Property Management Mr. Alex Valente Executive Vice President of South East Region Mr. George M. Wells Executive Vice President & Chief Operating Officer Ms. Laura P. Moon Chief Accounting Officer & Senior Vice President Mr. Christopher Brent Smith President, Chief Executive Officer & Director Mr. Thomas A. McKean Senior Vice President, Associate General Counsel & Corporate Secretary Ms. Lisa M. Tyler Senior Vice President of Human Resource