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Real Estate - REIT - Office - NYSE - US
$ 9.44
-1.97 %
$ 1.17 B
Market Cap
-15.23
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one PDM stock under the base case scenario is HIDDEN Compared to the current market price of 9.44 USD, Piedmont Office Realty Trust, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PDM

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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 Decomposition Piedmont Office Realty Trust, Inc.
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Current Assets 227 M
Cash & Short-Term Investments 4.21 M
Receivables 192 M
Other Current Assets 31.5 M
Non-Current Assets 3.83 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 3.83 B
Current Liabilities 89.9 M
Accounts Payable 132 M
Short-Term Debt 368 M
Other Current Liabilities -410 M
Non-Current Liabilities 2.24 B
Long-Term Debt 1.69 B
Other Non-Current Liabilities 558 M
EFFICIENCY
Earnings Waterfall Piedmont Office Realty Trust, Inc.
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Revenue 578 M
Cost Of Revenue 471 M
Gross Profit 106 M
Operating Expenses 29.2 M
Operating Income 77.3 M
Other Expenses 126 M
Net Income -48.4 M
RATIOS
18.42% GROSS MARGIN
18.42%
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 148 M
Capital Expenditures -158 M
Stock-Based Compensation 8.09 M
Change in Working Capital -9.07 M
Others 82.7 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 27.12%
PDM Average Price Target Wall Street Target
13.8 USD 45.66%
PDM Highest Price Target Wall Street Target
17 USD 80.08%
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
7. News
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 - 3 weeks 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 - 3 weeks 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 - 3 weeks 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 - 3 weeks 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 - 4 weeks 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 - 1 month 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 - 1 month 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 - 1 month 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 - 1 month 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 - 1 month 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 - 2 months ago
Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade) Piedmont Office Realty Trust is an office REIT focused on the Sunbelt region, with the largest markets being Atlanta, Dallas, and Orlando. The REIT has significantly outperformed the Vanguard Real Estate Index Fund ETF in 2024, delivering a ~41% total return. Q2 2024 results were robust, but elevated interest rates prompted a downgrade in the full-year Core FFO expectations. I expect Core FFO to return to growth in 2025. seekingalpha.com - 2 months ago
8. Profile Summary

Piedmont Office Realty Trust, Inc. PDM

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 1.17 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. Sherry L. Rexroad CFA Executive Vice President, Chief Financial Officer & Chief Administrative Officer Mr. George M. Wells Executive Vice President & Chief Operating Officer Mr. Thomas A. McKean Senior Vice President, Associate General Counsel & Corporate Secretary Mr. Damian J. Miller CFA Executive Vice President of Dallas - Southwest Region Mr. Christopher Brent Smith President, Chief Executive Officer & Director Ms. Lisa M. Tyler Senior Vice President of Human Resource Mr. Kevin D. Fossum Executive Vice President of Property Management Ms. Laura P. Moon Chief Accounting Officer & Senior Vice President Mr. Christopher A. Kollme Executive Vice President of Investments & Strategy Mr. Robert K. Wiberg Executive Vice President of Northeast Region