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Real Estate - REIT - Office - NYSE - US
$ 6.5
-2.69 %
$ 809 M
Market Cap
-10.16
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one PDM stock under the worst case scenario is HIDDEN Compared to the current market price of 6.5 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one PDM stock under the base case scenario is HIDDEN Compared to the current market price of 6.5 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one PDM stock under the best case scenario is HIDDEN Compared to the current market price of 6.5 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PDM

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$11.0$11.0$10.5$10.5$10.0$10.0$9.5$9.5$9.0$9.0$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.515 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
570 M REVENUE
-1.29%
0 OPERATING INCOME
0.00%
-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%
-30 M NET INCOME
-160.24%
65 M OPERATING CASH FLOW
51.67%
-86.1 M INVESTING CASH FLOW
-160.48%
-2.07 M FINANCING CASH FLOW
87.61%
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
26.27 %46.43 %27.31 %Total Assets$417.4m
Current Liabilities 107 M
Accounts Payable 149 M
Short-Term Debt 0
Other Current Liabilities -42 M
Non-Current Liabilities 2.42 B
Long-Term Debt 225 M
Other Non-Current Liabilities 2.19 B
5.90 %8.91 %86.85 %Total Liabilities$2.5b
EFFICIENCY
Earnings Waterfall Piedmont Office Realty Trust, Inc.
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Revenue 570 M
Cost Of Revenue 234 M
Gross Profit 336 M
Operating Expenses 336 M
Operating Income 0
Other Expenses 79.1 M
Net Income -79.1 M
600m600m500m500m400m400m300m300m200m200m100m100m00(100m)(100m)570m(234m)336m(336m)0(79m)(79m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
58.95% GROSS MARGIN
58.95%
0.00% OPERATING MARGIN
0.00%
-13.86% NET MARGIN
-13.86%
-4.98% ROE
-4.98%
-2.28% ROA
-2.28%
0.00% ROIC
0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Piedmont Office Realty Trust, Inc.
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200m200m180m180m160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
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 84.62%
PDM Average Price Target Wall Street Target
13.8 USD 111.54%
PDM Highest Price Target Wall Street Target
17 USD 161.54%
Price
Max Price Target
Min Price Target
Average Price Target
181816161414121210108866May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.02% DIVIDEND YIELD
0.125 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.2001.2001.0001.0000.8000.8000.6000.6000.4000.4000.2000.2000.0000.0000.210.210.210.210.210.210.210.210.210.1250.1250.210.210.210.210.210.210.210.210.210.210.1250.210.210.210.210.210.210.210.210.1250.1250.210.840.210.840.210.840.51.130.210.840.210.840.210.840.210.840.210.750.1250.590.1250.382015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 9
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
7. News
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 weeks 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 - 1 month ago
Piedmont Office Realty Trust Expands Board with Appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly Atlanta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the following appointments to its Board of Directors: Deneen Donnley, Senior Vice President and General Counsel, Consolidated Edison (NYSE: ED); Stephen E. Lewis, Retired Chair and Chief Executive Officer of Troutman Pepper; and Jeffrey J. Donnelly, Chief Executive Officer and Director of DiamondRock Hospitality (NYSE: DRH). With these three appointments, Piedmont's board of directors now consists of ten total members. globenewswire.com - 1 month ago
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 months 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 months 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 months 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 months 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 months 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 - 2 months 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 - 2 months 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 - 3 months 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 - 4 months ago
8. Profile Summary

Piedmont Office Realty Trust, Inc. PDM

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 809 M
Dividend Yield 0.02%
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. Thomas A. McKean Senior Vice President, Associate General Counsel & Corporate Secretary Mr. Alex Valente Executive Vice President of South East Region Ms. Sherry L. Rexroad CFA Executive Vice President & Chief Financial Officer Mr. Christopher A. Kollme Executive Vice President of Investments & Strategy Mr. Damian J. Miller CFA Executive Vice President of West Region Mr. George M. Wells Executive Vice President & Chief Operating Officer Ms. Laura P. Moon Chief Accounting Officer, Treasurer & Executive Vice President Mr. Kevin D. Fossum Executive Vice President of Property Management Mr. Christopher Brent Smith President, Chief Executive Officer & Director Ms. Lisa M. Tyler Senior Vice President of Human Resource