Real Estate -
REIT - Office - NYSE - US
$ 7.42
0.406 %
$ 923 M
Market Cap
-14.84
P/E
1. INTRINSIC VALUE
Balance Sheet
Piedmont Office Realty Trust, Inc.
| Current Assets | 313 M |
| Cash & Short-Term Investments | 110 M |
| Receivables | 199 M |
| Other Current Assets | 4.24 M |
| Non-Current Assets | 3.8 B |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 3.8 B |
| Current Liabilities | 521 M |
| Accounts Payable | 149 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 372 M |
| Non-Current Liabilities | 2.42 B |
| Long-Term Debt | 1.97 B |
| Other Non-Current Liabilities | 450 M |
EFFICIENCY
Earnings Waterfall
Piedmont Office Realty Trust, Inc.
| Revenue | 570 M |
| Cost Of Revenue | 234 M |
| Gross Profit | 336 M |
| Operating Expenses | 262 M |
| Operating Income | 74.2 M |
| Other Expenses | 153 M |
| Net Income | -79.1 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Piedmont Office Realty Trust, Inc.
| Net Income | -79.1 M |
| Depreciation & Amortization | 221 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 9.55 M |
| Change in Working Capital | 0 |
| Others | 46.7 M |
| Free Cash Flow | -14 M |
Wall Street Analysts Price Targets
Piedmont Office Realty Trust, Inc.
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
61.73%
PDM Average Price Target
Wall Street Target
13.8 USD
85.31%
PDM Highest Price Target
Wall Street Target
17 USD
129.11%
4. DIVIDEND
ANALYSIS
3.37%
DIVIDEND YIELD
0.125 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Piedmont Office Realty Trust, Inc.
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
228 K USD 3
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Piedmont Office Realty Trust: Improved 2025 Leasing Guidance Reinforces My Strong Buy
Piedmont Office Realty Trust is deeply undervalued, with a forward P/FFO of 4.8x and a 21% FFO yield, presenting a compelling opportunity. The company is rapidly leasing vacant spaces, raising full-year guidance by 29%, and locking in positive cash rent increases, signaling strong asset desirability. Dividend elimination was a strategic move to fund growth at a rapid pace, setting up for potential dividend reinstatement in 2026 at an attractive yield + 11% yield.
seekingalpha.com
- 2 weeks ago
Piedmont REIT Signs over 500,000 SF of Leases Second Quarter-to-Date and Raises Full Year Leasing Guidance from 1.4 - 1.6 million SF to 1.8 - 2.0 million SF
Atlanta, June 02, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week's Nareit REITWeek Investor Conference in New York City. The Company has completed over 500,000 square feet of leasing thus far in the second quarter, with 350,000 square feet related to new tenants.
globenewswire.com
- 2 weeks ago
The State Of REITs: May 2025 Edition
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger average losses than mid-caps (-5.45%) and large-caps (-2.93%). 84.62% of REIT securities had a negative total return in April.
seekingalpha.com
- 3 weeks ago
Piedmont Office Realty: They Did The Right Thing, But The Market Didn't Get It
Mr. Market's irrational behavior creates opportunities to invest in undervalued, well-run office REITs like Piedmont Office Realty, which is currently undervalued by around 60%. Piedmont's dividend suspension is a rational move to preserve cash for growth and deleveraging, despite market overreaction causing a 12% share price drop. Leasing volumes are high, and Piedmont's A-tier assets are benefiting from a "flight to quality," setting up for future outperformance.
seekingalpha.com
- 1 month ago
Piedmont Office Realty Stock: Dividend Elimination Gives A Buying Opportunity
Piedmont Office Realty Trust is an office REIT focused primarily on the Atlanta, Dallas, and Orlando markets. PDM's enterprise value is 75% funded with debt that, together with high lease incentives, prompted management to suspend the dividend. The company remains attractively valued on a core FFO multiple and market-implied cap rate basis.
seekingalpha.com
- 1 month ago
Piedmont Office Realty Trust, Inc. (PDM) Q1 2025 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Laura Moon – Executive Vice President and Chief Accounting Officer 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 Dylan Burzinski – Green Street Nick Thillman – Baird Operator Greetings. Welcome to the Piedmont Office Realty Trust First Quarter 2025 Earnings Call.
seekingalpha.com
- 1 month ago
Piedmont Office (PDM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Piedmont Office (PDM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 1 month ago
Piedmont Office (PDM) Q1 FFO and Revenues Surpass Estimates
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.39 per share a year ago.
zacks.com
- 1 month ago
Piedmont Office Realty Trust, Inc. Releases First Quarter 2025 Results
Atlanta, April 28, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc (NYSE: PDM) has released its financial and operational results for the first quarter of 2025. Please visit the Investor Relations section of Piedmont's website at https://investor.piedmontreit.com to access the Earnings Release and Supplemental Information.
globenewswire.com
- 1 month ago
Piedmont Office Realty Trust, Inc. to Report First Quarter 2025 Financial Results
Atlanta, April 09, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, April 28, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, April 29, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company's investor relations website. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.
globenewswire.com
- 2 months ago
Cash COWs: 11 High-Yield REITs
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income.
seekingalpha.com
- 2 months ago
Buried Treasures: 4 Dramatically Undervalued REITs
REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share.
seekingalpha.com
- 3 months ago
8. Profile
Summary
Piedmont Office Realty Trust, Inc. PDM
COUNTRY
US
INDUSTRY
REIT - Office
MARKET CAP
$ 923 M
Dividend Yield
3.37%
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. Alex Valente
Executive Vice President of South East Region
Mr. George M. Wells
Executive Vice President & Chief Operating Officer
Mr. Damian J. Miller CFA
Executive Vice President of Central Region
Ms. Sherry L. Rexroad CFA
Executive Vice President & Chief Financial Officer
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
Mr. Christopher Brent Smith
President, Chief Executive Officer & Director
Ms. Laura P. Moon
Chief Accounting Officer, Treasurer & Executive Vice President
Mr. Kevin D. Fossum
Executive Vice President of Property Management