Piedmont Office Realty Trust/$PDM
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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
-
-$0.71
1.38
-
Price and volume
Market cap
$1.2B
Beta
1.38
52-week high
$10.13
52-week low
$6.32
Average daily volume
1.4M
Financial strength
Current ratio
1.645
Quick ratio
1.391
Long term debt to equity
1.616
Total debt to equity
1.616
Interest coverage (TTM)
0.63%
Profitability
EBITDA (TTM)
278.566
Gross margin (TTM)
60.14%
Net profit margin (TTM)
-15.18%
Operating margin (TTM)
13.80%
Effective tax rate (TTM)
-0.00%
Revenue per employee (TTM)
$4,150,000
Management effectiveness
Return on assets (TTM)
1.24%
Return on equity (TTM)
-5.91%
Valuation
Price to revenue (TTM)
2.061
Price to book
0.82
Price to tangible book (TTM)
0.88
Price to free cash flow (TTM)
7.142
Free cash flow yield (TTM)
14.00%
Free cash flow per share (TTM)
1.344
Growth
Revenue change (TTM)
2.85%
Earnings per share change (TTM)
24.51%
3-year revenue growth (CAGR)
0.11%
10-year revenue growth (CAGR)
0.53%
3-year earnings per share growth (CAGR)
16.74%
10-year earnings per share growth (CAGR)
-3.93%
What the Analysts think about PDM
Analyst ratings (Buy, Hold, Sell) for Piedmont Office Realty Trust stock.
Analyst projections of the future price of Piedmont Office Realty Trust stock.
Bulls say / Bears say
Piedmont’s leasing momentum is improving: Q2 same-store cash NOI grew 9%, comparable cash rents rose 14%, and management raised its 2026 Core FFO outlook to $1.50–$1.55 per share. That suggests stronger occupancy and rent growth are beginning to flow through to earnings. (StockTitan, GlobeNewswire)
Nearly $39 million of annual rent from signed leases had yet to commence, giving Piedmont a sizeable near-term source of revenue as tenants take occupancy and rent abatements expire. If it converts as planned, this should support FFO growth. (ROIC.ai)
Piedmont is replacing its expensive 9.25% notes due 2028 with lower-coupon exchangeable notes due 2031. If completed as planned, this should reduce interest costs and push out the repayment date for that debt. (Longbridge, StockTitan)
Piedmont remains loss-making and carries $2.27 billion of debt at a 5.5% weighted average interest rate. That heavy financing burden leaves limited room for weaker leasing or higher borrowing costs. (StockTitan)
The dividend remains suspended, and management is not expected to consider restoring it before 2027, subject to achieving sustainable positive earnings and cash flow after capital spending. Investors seeking REIT income therefore have no near-term payout to rely on. (Simply Wall St)
Two major Atlanta tenants, Broadcom and Fiserv, are expected to vacate space in the third quarter of 2027. Re-leasing that space could be a significant test of Piedmont’s ability to maintain occupancy and rental income. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 12 Oct 2026.
PDM Financial Performance
Revenues and expenses
PDM Earnings Performance
Company profitability
Upcoming events
No upcoming events
PDM News
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Funds containing PDM
Fund name | Fund size | $PDM weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.07% |
iShares Developed Markets Property Yield£IWDP | $1.2B | 0.07% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.04% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $3.2B | 0.04% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.04% |
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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