REIT - Office
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ONL vs PDM
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
ONL vs PDM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $161M | $1.06B |
| Revenue (TTM) | $146M | $422M |
| Net Income (TTM) | $-144M | $-86M |
| Gross Margin | 56.7% | 19.1% |
| Operating Margin | -68.8% | 13.9% |
| Total Debt | $482M | $2.27B |
| Cash & Equiv. | $22M | $731K |
ONL vs PDM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 21 | May 26 | Return |
|---|---|---|---|
| Orion Properties In… (ONL) | 100 | 16.2 | -83.8% |
| Piedmont Office Rea… (PDM) | 100 | 48.8 | -51.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ONL vs PDM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ONL is the clearest fit if your priority is income & stability.
- Dividend streak 0 yrs, beta 1.28, yield 5.6%
- 5.6% yield, vs PDM's 2.9%
- +46.7% vs PDM's +26.5%
PDM carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -0.9%, EPS growth -4.7%, 3Y rev CAGR 0.1%
- -23.4% 10Y total return vs ONL's -83.4%
- Lower volatility, beta 1.08, current ratio 2.00x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -0.9% FFO/revenue growth vs ONL's -10.4% | |
| Quality / Margins | -20.5% margin vs ONL's -98.4% | |
| Stability / Safety | Beta 1.08 vs ONL's 1.28 | |
| Dividends | 5.6% yield, vs PDM's 2.9% | |
| Momentum (1Y) | +46.7% vs PDM's +26.5% | |
| Efficiency (ROA) | -2.2% ROA vs ONL's -11.8%, ROIC 1.5% vs -6.2% |
ONL vs PDM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ONL vs PDM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PDM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PDM is the larger business by revenue, generating $422M annually — 2.9x ONL's $146M. PDM is the more profitable business, keeping -20.5% of every revenue dollar as net income compared to ONL's -98.4%. On growth, ONL holds the edge at -4.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $146M | $422M |
| EBITDAEarnings before interest/tax | -$45M | $229M |
| Net IncomeAfter-tax profit | -$144M | -$86M |
| Free Cash FlowCash after capex | -$28M | $47M |
| Gross MarginGross profit ÷ Revenue | +56.7% | +19.1% |
| Operating MarginEBIT ÷ Revenue | -68.8% | +13.9% |
| Net MarginNet income ÷ Revenue | -98.4% | -20.5% |
| FCF MarginFCF ÷ Revenue | -19.2% | +11.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -4.6% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -41.2% | -23.0% |
Valuation Metrics
ONL leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $161M | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $621M | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | -1.15x | -12.67x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 10.88x |
| Price / SalesMarket cap ÷ Revenue | 1.09x | 1.88x |
| Price / BookPrice ÷ Book value/share | 0.26x | 0.71x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
PDM leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
PDM delivers a -5.7% return on equity — every $100 of shareholder capital generates $-6 in annual profit, vs $-22 for ONL. ONL carries lower financial leverage with a 0.77x debt-to-equity ratio, signaling a more conservative balance sheet compared to PDM's 1.52x. On the Piotroski fundamental quality scale (0–9), PDM scores 5/9 vs ONL's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -21.9% | -5.7% |
| ROA (TTM)Return on assets | -11.8% | -2.2% |
| ROICReturn on invested capital | -6.2% | +1.5% |
| ROCEReturn on capital employed | -8.5% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.77x | 1.52x |
| Net DebtTotal debt minus cash | $460M | $2.3B |
| Cash & Equiv.Liquid assets | $22M | $731,000 |
| Total DebtShort + long-term debt | $482M | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | -3.41x | 0.35x |
Total Returns (Dividends Reinvested)
PDM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PDM five years ago would be worth $6,084 today (with dividends reinvested), compared to $1,656 for ONL. Over the past 12 months, ONL leads with a +46.7% total return vs PDM's +26.5%. The 3-year compound annual growth rate (CAGR) favors PDM at 13.8% vs ONL's -16.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +26.5% | +2.4% |
| 1-Year ReturnPast 12 months | +46.7% | +26.5% |
| 3-Year ReturnCumulative with dividends | -41.5% | +47.5% |
| 5-Year ReturnCumulative with dividends | -83.4% | -39.2% |
| 10-Year ReturnCumulative with dividends | -83.4% | -23.4% |
| CAGR (3Y)Annualised 3-year return | -16.4% | +13.8% |
Risk & Volatility
Evenly matched — ONL and PDM each lead in 1 of 2 comparable metrics.
Risk & Volatility
PDM is the less volatile stock with a 1.08 beta — it tends to amplify market swings less than ONL's 1.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.31x | 1.05x |
| 52-Week HighHighest price in past year | $3.05 | $9.19 |
| 52-Week LowLowest price in past year | $1.63 | $6.32 |
| % of 52W HighCurrent price vs 52-week peak | +93.1% | +92.4% |
| RSI (14)Momentum oscillator 0–100 | 69.0 | 67.0 |
| Avg Volume (50D)Average daily shares traded | 322K | 1.1M |
Analyst Outlook
ONL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates ONL as "Buy" and PDM as "Hold". For income investors, ONL offers the higher dividend yield at 5.62% vs PDM's 2.92%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $10.00 |
| # AnalystsCovering analysts | 4 | 11 |
| Dividend YieldAnnual dividend ÷ price | +5.6% | +2.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.16 | $0.25 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | 0.0% |
PDM leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ONL leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
ONL vs PDM: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is ONL or PDM a better buy right now?
For growth investors, Piedmont Office Realty Trust, Inc.
(PDM) is the stronger pick with -0. 9% revenue growth year-over-year, versus -10. 4% for Orion Properties Inc. (ONL). Analysts rate Orion Properties Inc. (ONL) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — ONL or PDM?
Over the past 5 years, Piedmont Office Realty Trust, Inc.
(PDM) delivered a total return of -39. 2%, compared to -83. 4% for Orion Properties Inc. (ONL). Over 10 years, the gap is even starker: PDM returned -23. 4% versus ONL's -83. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — ONL or PDM?
By beta (market sensitivity over 5 years), Piedmont Office Realty Trust, Inc.
(PDM) is the lower-risk stock at 1. 05β versus Orion Properties Inc. 's 1. 31β — meaning ONL is approximately 25% more volatile than PDM relative to the S&P 500. On balance sheet safety, Orion Properties Inc. (ONL) carries a lower debt/equity ratio of 77% versus 152% for Piedmont Office Realty Trust, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — ONL or PDM?
By revenue growth (latest reported year), Piedmont Office Realty Trust, Inc.
(PDM) is pulling ahead at -0. 9% versus -10. 4% for Orion Properties Inc. (ONL). On earnings-per-share growth, the picture is similar: Piedmont Office Realty Trust, Inc. grew EPS -4. 7% year-over-year, compared to -34. 8% for Orion Properties Inc.. Over a 3-year CAGR, PDM leads at 0. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — ONL or PDM?
Piedmont Office Realty Trust, Inc.
(PDM) is the more profitable company, earning -14. 8% net margin versus -94. 4% for Orion Properties Inc. — meaning it keeps -14. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PDM leads at 14. 1% versus -65. 4% for ONL. At the gross margin level — before operating expenses — ONL leads at 56. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — ONL or PDM?
All stocks in this comparison pay dividends.
Orion Properties Inc. (ONL) offers the highest yield at 5. 6%, versus 2. 9% for Piedmont Office Realty Trust, Inc. (PDM).
07Is ONL or PDM better for a retirement portfolio?
For long-horizon retirement investors, Piedmont Office Realty Trust, Inc.
(PDM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 05), 2. 9% yield). Both have compounded well over 10 years (PDM: -23. 4%, ONL: -83. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between ONL and PDM?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ONL is a small-cap income-oriented stock; PDM is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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