Piedmont Office Realty Trust/$PDM
1D1W1MYTD1Y5YMAX
Capital at risk
About Piedmont Office Realty Trust
Piedmont Realty Trust Inc is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of 16 MM SF of Class A properties across U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into Piedmont PLACEs that enhance each client's workplace experience.
- Ticker
- $PDM
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 140
- Headquarters
- Atlanta, United States
- Website
- www.piedmontreit.com
PDM Metrics
BasicAdvanced
$1.2B
-
-$0.65
1.35
-
Price and volume
Market cap
$1.2B
Beta
1.35
52-week high
$10.13
52-week low
$6.32
Average daily volume
1.5M
Financial strength
Current ratio
1.497
Quick ratio
1.34
Long term debt to equity
1.526
Total debt to equity
1.526
Interest coverage (TTM)
0.60%
Profitability
EBITDA (TTM)
269.189
Gross margin (TTM)
60.02%
Net profit margin (TTM)
-14.18%
Operating margin (TTM)
13.46%
Effective tax rate (TTM)
-0.00%
Revenue per employee (TTM)
$4,070,000
Management effectiveness
Return on assets (TTM)
1.19%
Return on equity (TTM)
-5.34%
Valuation
Price to revenue (TTM)
2.046
Price to book
0.79
Price to tangible book (TTM)
0.85
Price to free cash flow (TTM)
6.501
Free cash flow yield (TTM)
15.38%
Free cash flow per share (TTM)
1.437
Growth
Revenue change (TTM)
0.70%
Earnings per share change (TTM)
17.06%
3-year revenue growth (CAGR)
-0.42%
10-year revenue growth (CAGR)
0.13%
3-year earnings per share growth (CAGR)
1.90%
10-year earnings per share growth (CAGR)
-5.38%
Bulls say / Bears say
Piedmont’s operating momentum is improving. In Q2 it signed about 460,000 square feet at 14.1% cash rent growth and 32.4% accrual growth, while same-store cash NOI rose 9%; management raised 2026 Core FFO guidance to $1.50-$1.55 per share. (GlobeNewswire)
There is a sizeable earnings backlog if signed leases start as planned. Nearly $39 million of annualised rent from executed leases had not yet commenced at the end of June, providing a path for economic occupancy and cash flow to rise from current levels. (ROIC AI, Longbridge)
Leverage remains high for an office landlord, so the recovery has little room for error. Management expects net debt to EBITDA to fall below 7 times by year-end, but the average cost of debt is still about 5.5%, leaving results sensitive to slower leasing or higher refinancing costs. (Longbridge, ROIC AI)
Cash available for shareholders remains constrained. The dividend has been suspended since 2025, while recent figures show operating cash flow only modestly ahead of capital spending, limiting the cash cushion for tenant improvements, leasing costs and debt reduction. (AInvest, Longbridge)
The leasing recovery still depends on converting signed space into paying occupancy. Economic occupancy was only just above 80% against leased occupancy near 89%, and a major New York lease renewal was delayed until the fourth quarter, highlighting execution risk. (ROIC AI, Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
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Funds containing PDM
AllEURGBPUSD
Fund name | Fund size | $PDM weighting |
|---|---|---|
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.04% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.04% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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