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6Apr 30, 2026·SEC
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Piedmont Office Realty Trust, Inc. (PDM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Piedmont Office Realty Trust, Inc. (PDM) stock price & volume — 10-year historical chart
Piedmont Office Realty Trust, Inc. (PDM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Piedmont Office Realty Trust, Inc. (PDM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.10vs $0.03-212.0% | $143Mvs $129M+11.4% |
| Q1 2026 | Feb 11, 2026 | $0.35vs $0.35+0.0% | $112Mvs $140M-19.7% |
| Q4 2025 | Oct 27, 2025 | $0.35vs $0.34+2.9% | $139Mvs $139M-0.2% |
| Q3 2025 | Jul 28, 2025 | $0.36vs $0.35+2.9% | $140Mvs $142M-1.1% |
Piedmont Office Realty Trust, Inc. (PDM) competitors in Sun Belt and Multi-Market Office REITs — business model, growth, and fundamentals comparison
Piedmont Office Realty Trust, Inc. (PDM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Piedmont Office Realty Trust, Inc. (PDM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 574.17M | 525.97M | 533.18M | 535.02M | 528.71M | 563.77M | 577.76M | 570.32M | 564.99M | 422.31M |
| Revenue Growth % | 3.32% | -8.4% | 1.37% | 0.35% | -1.18% | 6.63% | 2.48% | -1.29% | -0.93% | -25.71% |
| Property Operating Expenses | 220.63M | 209.34M | 211.38M | 214.93M | 210.93M | 226.06M | 235.09M | 234.12M | 682.05M | 341.45M |
| Net Operating Income (NOI) | 353.54M▲ 0% | 316.63M▼ 10.4% | 321.8M▲ 1.6% | 320.09M▼ 0.5% | 317.78M▼ 0.7% | 337.71M▲ 6.3% | 342.67M▲ 1.5% | 336.2M▼ 1.9% | -117.06M▼ 134.8% | 107.81M▲ 0% |
| NOI Margin % | 61.57% | 60.2% | 60.35% | 59.83% | 60.1% | 59.9% | 59.31% | 58.95% | -20.72% | 25.53% |
| Operating Expenses | 225.78M | 200.96M | 34.72M | 231.33M | 236.86M | 253.68M | 265.4M | 261.96M | -196.5M | 30.22M |
| G&A Expenses | 31.13M | 29.71M | 34.72M | 27.46M | 30.25M | 29.13M | 29.19M | 35.42M | 30.59M | 30.93M |
| EBITDA | 527.71M | 525.97M | 399.09M | 292.63M | 287.53M | 308.58M | 313.48M | 252.13M | 306.53M | 229.32M |
| EBITDA Margin % | 91.91% | 100% | 74.85% | 54.69% | 54.38% | 54.74% | 54.26% | 44.21% | 54.25% | 54.3% |
| Depreciation & Amortization | 446.42M | 410.3M | 112.01M | 203.87M | 206.61M | 224.55M | 236.21M | 177.89M | 227.09M | 170.77M |
| D&A / Revenue % | 77.75% | 78.01% | 21.01% | 38.1% | 39.08% | 39.83% | 40.88% | 31.19% | 40.19% | 40.44% |
| Operating Income | 81.3M▲ 0% | 115.67M▲ 42.3% | 287.08M▲ 148.2% | 88.76M▼ 69.1% | 80.92M▼ 8.8% | 84.03M▲ 3.8% | 77.26M▼ 8.1% | 74.24M▼ 3.9% | 79.44M▲ 7.0% | 58.55M▲ 0% |
| Operating Margin % | 14.16% | 21.99% | 53.84% | 16.59% | 15.3% | 14.9% | 13.37% | 13.02% | 14.06% | 13.86% |
| Interest Expense | 68.12M | 61.02M | 61.59M | 54.99M | 51.29M | 65.66M | 101.26M | 122.98M | 128M | 2M |
| Interest Coverage | 2.96x | 3.14x | 1.69x | 1.61x | 0.98x | 3.24x | 0.52x | 0.60x | 0.35x | - |
| Non-Operating Income | -127.96M | -75.65M | 182.68M | 0 | 30.79M | -128.46M | 24.38M | 0 | 35.04M | 29.58M |
| Pretax Income | 17.68M▲ 0% | 54.6M▲ 208.9% | 229.42M▲ 320.2% | 232.69M▲ 1.4% | -1.17M▼ 100.5% | 146.83M▲ 12681.8% | -48.38M▼ 132.9% | -79.06M▼ 63.4% | -83.6M▼ 5.7% | -86.42M▲ 0% |
| Pretax Margin % | 3.08% | 10.38% | 43.03% | 43.49% | -0.22% | 26.04% | -8.37% | -13.86% | -14.8% | -20.46% |
| Income Tax | -43.26M | -42K | 160K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -244.77% | -0.08% | 0.07% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 133.56M▲ 0% | 130.3M▼ 2.4% | 229.26M▲ 76.0% | 232.69M▲ 1.5% | -1.15M▼ 100.5% | 146.83M▲ 12834.6% | -48.39M▼ 133.0% | -79.07M▼ 63.4% | -83.6M▼ 5.7% | -86.42M▲ 0% |
| Net Margin % | 23.26% | 24.77% | 43% | 43.49% | -0.22% | 26.04% | -8.37% | -13.86% | -14.8% | -20.46% |
| Net Income Growth % | 23.8% | -2.45% | 75.95% | 1.49% | -100.5% | 12834.61% | -132.95% | -63.41% | -5.73% | -40.73% |
| Funds From Operations (FFO) | 579.98M▲ 0% | 540.6M▼ 6.8% | 341.27M▼ 36.9% | 436.56M▲ 27.9% | 205.45M▼ 52.9% | 371.38M▲ 80.8% | 187.83M▼ 49.4% | 98.82M▼ 47.4% | 143.49M▲ 45.2% | 128.38M▲ 0% |
| FFO Margin % | 101.01% | 102.78% | 64.01% | 81.6% | 38.86% | 65.88% | 32.51% | 17.33% | 25.4% | 30.4% |
| FFO Growth % | 3.77% | -6.79% | -36.87% | 27.92% | -52.94% | 80.76% | -49.43% | -47.39% | 45.2% | -97.94% |
| FFO per Share | 3.99 | 4.14 | 2.70 | 3.46 | 1.66 | 3.01 | 1.52 | 0.80 | 1.15 | 1.03 |
| FFO Payout Ratio % | 21.08% | 34.05% | 31.19% | 24.35% | 50.57% | 28.1% | 49.58% | 62.6% | 21.52% | 0.03% |
| EPS (Diluted) | 0.92▲ 0% | 1.00▲ 8.7% | 1.32▲ 32.0% | 1.85▲ 40.2% | -0.01▼ 100.5% | 1.19▲ 12895.7% | -0.39▼ 132.8% | -0.64▼ 64.1% | -0.67▼ 4.7% | -0.69▲ 0% |
| EPS Growth % | 24.32% | 8.7% | 32% | 40.15% | -100.5% | - | -132.77% | -64.1% | -4.69% | -41.9% |
| EPS (Basic) | 0.94 | 1.03 | 1.32 | 1.85 | -0.01 | 1.19 | -0.39 | -0.64 | -0.67 | - |
| Diluted Shares Outstanding | 145.38M | 130.64M | 126.18M | 126.1M | 123.98M | 123.52M | 123.66M | 123.94M | 124.44M | 124.81M |
Piedmont Office Realty Trust, Inc. (PDM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 4B | 3.59B | 3.52B | 3.74B | 3.93B | 4.09B | 4.06B | 4.11B | 4.03B | 3.42B |
| Asset Growth % | -10.1% | -10.19% | -2.11% | 6.34% | 5.1% | 3.94% | -0.7% | 1.42% | -2.02% | -24.11% |
| Real Estate & Other Assets | -3.15B | 3.22B | 405.44M | 332.85M | 348.94M | 3.67B | 3.77B | 3.75B | -3.16B | 0 |
| PP&E (Net) | 2.75B | 2.61B | 2.73B | 2.9B | 3.09B | 3.39B | 0 | 0 | 3.38B | 0 |
| Investment Securities | 10K | -1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 1000K | 0 |
| Total Current Assets | 231.19M | 200.21M | 209.58M | 312.46M | 301.38M | 213.53M | 234.39M | 313.19M | 224.23M | 218.69M |
| Cash & Equivalents | 7.38M | 4.57M | 13.54M | 7.33M | 7.42M | 16.54M | 825K | 109.64M | 731K | 2.28M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 64.89M | 38.01M | 55.47M | 147.89M | 128.33M | 17.15M | 42.8M | 4.25M | 3.06M | 0 |
| Intangible Assets | 77.81M | 77.68M | 74.41M | 90.59M | 94.38M | 114.38M | 0 | 0 | 118.19M | 40.55M |
| Total Liabilities | 2.01B | 1.88B | 1.7B | 1.84B | 2.14B | 2.24B | 2.33B | 2.53B | 2.53B | 2.55B |
| Total Debt | 1.73B | 1.69B | 1.49B | 1.63B | 1.88B | 2.04B | 2.1B | 2.51B | 2.27B | 187.9M |
| Net Debt | 1.72B | 1.68B | 1.47B | 1.62B | 1.88B | 2.02B | 2.09B | 2.4B | 2.27B | 185.62M |
| Long-Term Debt | 1.73B | 1.48B | 1.49B | 1.6B | 1.88B | 1.98B | 2B | 2.22B | 2.25B | 187.9M |
| Short-Term Borrowings | 0 | 0 | 0 | 27.94M | 0 | 0 | 50.15M | 250M | 111K | 0 |
| Capital Lease Obligations | 38.46M | 35.71M | 0 | 0 | 0 | 56.95M | 42.92M | 32.79M | 24.82M | 80.36M |
| Total Current Liabilities | 246.24M | 158.27M | 150.58M | 165.62M | 140.5M | 195.64M | 286.74M | 271.38M | 112.12M | 117.73M |
| Accounts Payable | 114.85M | 93.74M | 115.9M | 111.2M | 114.45M | 110.31M | 131.52M | 149.05M | 172.88M | 0 |
| Deferred Revenue | 29.58M | 28.78M | 0 | 0 | 0 | 59.98M | 89.93M | 107.03M | 0 | 117.73M |
| Other Liabilities | 5.28M | 208.24M | 60.68M | 72.33M | 120.03M | 0 | 0 | 8K | 148.17M | 2.25B |
| Total Equity | 1.99B▲ 0% | 1.71B▼ 13.8% | 1.82B▲ 6.2% | 1.9B▲ 4.3% | 1.79B▼ 5.8% | 1.85B▲ 3.5% | 1.72B▼ 6.8% | 1.59B▼ 7.8% | 1.5B▼ 5.8% | 1.48B▲ 0% |
| Equity Growth % | -8.83% | -13.81% | 6.24% | 4.34% | -5.82% | 3.46% | -6.83% | -7.83% | -5.76% | -22.98% |
| Shareholders Equity | 1.98B | 1.71B | 1.82B | 1.9B | 1.79B | 1.85B | 1.72B | 1.59B | 1.5B | 1.48B |
| Minority Interest | 1.82M | 1.77M | 1.73M | 1.68M | 1.63M | 1.59M | 1.56M | 1.52M | 1.5M | 1.5M |
| Common Stock | 1.42M | 1.26M | 1.26M | 1.24M | 1.23M | 1.23M | 1.24M | 1.24M | 1.25M | 1.25M |
| Additional Paid-in Capital | 3.68B | 3.68B | 3.69B | 3.69B | 3.7B | 3.71B | 3.72B | 3.72B | 3.73B | 0 |
| Retained Earnings | -1.7B | -1.98B | 0 | 0 | 0 | -1.86B | -1.99B | -2.13B | -2.23B | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 3.16% | 3.43% | 6.45% | 6.41% | -0.03% | 3.66% | -1.19% | -1.94% | -2.05% | -2.24% |
| Return on Equity (ROE) | 6.41% | 7.05% | 12.99% | 12.52% | -0.06% | 8.08% | -2.71% | -4.78% | -5.42% | -5.7% |
| Debt / Assets | 43.17% | 46.92% | 42.27% | 43.63% | 47.9% | 49.95% | 51.7% | 60.88% | 56.42% | 5.49% |
| Debt / Equity | 0.87x | 0.98x | 0.82x | 0.86x | 1.05x | 1.10x | 1.22x | 1.58x | 1.52x | 1.52x |
| Net Debt / EBITDA | 3.26x | 3.20x | 3.69x | 5.55x | 6.52x | 6.56x | 6.68x | 9.50x | 7.42x | 7.42x |
| Book Value per Share | 13.66 | 13.11 | 14.42 | 15.05 | 14.42 | 14.97 | 13.93 | 12.81 | 12.03 | 11.89 |
Piedmont Office Realty Trust, Inc. (PDM) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 242.81M | 202.87M | 208.48M | 193.28M | 242.2M | 215.22M | 210.13M | 198.11M | 140.56M | 140.56M |
| Operating CF Growth % | 2.97% | -16.45% | 2.77% | -7.29% | 25.31% | -11.14% | -2.36% | -5.72% | -29.05% | 593.61% |
| Operating CF / Revenue % | 42.29% | 38.57% | 39.1% | 36.13% | 45.81% | 38.17% | 36.37% | 34.74% | 24.88% | 33.28% |
| Net Income | 133.55M | 130.29M | 229.26M | 232.69M | -1.17M | 146.83M | -48.39M | -79.06M | -83.62M | -86.42M |
| Depreciation & Amortization | 193.23M | 166.29M | 177.62M | 195.11M | 199.27M | 215.39M | 226.85M | 227.74M | 0 | 126.71M |
| Stock-Based Compensation | 9.2M | 9.74M | 15.45M | 9.72M | 10.98M | 8.97M | 8.09M | 9.55M | 7.39M | 9.7M |
| Other Non-Cash Items | 1.59M | -250K | 87K | 2.08M | 3.27M | -124.99M | 32.65M | 34.66M | 270.3M | 123.16M |
| Working Capital Changes | -21.51M | -29.18M | -25.87M | -45.54M | -10.6M | -30.98M | -9.07M | 5.22M | -53.51M | -8.18M |
| Cash from Investing | 240.61M | 323.78M | 134.38M | -197.88M | -368.93M | -1.25M | -196.02M | -186.62M | -175.35M | -183.92M |
| Acquisitions (Net) | 12.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -1.16M | -3.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 79.83M | 578.43M | 589.77M | 360.09M | 0 | 415.89M | 0 | 0 | 0 | 0 |
| Other Investing | 229.44M | 395.88M | -351.84M | -445.39M | -246.31M | -295.78M | -37.83M | -186.62M | -175.35M | -149.68M |
| Cash from Financing | -482.87M | -529.37M | -333.51M | -1.58M | 126.38M | -203.23M | -29.5M | 98.18M | -75.31M | 18.66M |
| Dividends Paid | -122.27M | -184.09M | -106.43M | -106.31M | -103.91M | -104.37M | -93.12M | -61.86M | -30.87M | -165K |
| Common Dividends | -122.27M | -184.09M | -106.43M | -106.31M | -103.91M | -104.37M | -93.12M | -61.86M | -30.87M | -34K |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
| Share Repurchases | -60.47M | -298.54M | -16.9M | -29.99M | -19.54M | -3.94M | -1.76M | -1.76M | 0 | -7.16M |
| Other Financing | -3.72M | -3.34M | -4.16M | -4.07M | -4.15M | -1.33M | -2.32M | -2.56M | -4.56M | 21.04M |
| Net Change in Cash | 551K▲ 0% | -2.72M▼ 593.8% | 9.35M▲ 443.7% | -6.17M▼ 166.0% | -354K▲ 94.3% | 10.74M▲ 3133.9% | -15.39M▼ 243.3% | 109.68M▲ 812.5% | -110.09M▼ 200.4% | -299K▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 8.2M | 8.76M | 6.03M | 15.39M | 9.21M | 8.86M | 19.6M | 4.21M | 113.88M | 3.79M |
| Cash at End | 8.76M | 6.03M | 15.39M | 9.21M | 8.86M | 19.6M | 4.21M | 113.88M | 3.79M | 6.33M |
| Free Cash Flow | 162.97M▲ 0% | 130.76M▼ 19.8% | 104.93M▼ 19.8% | 80.7M▼ 23.1% | 119.58M▲ 48.2% | 93.86M▼ 21.5% | 51.94M▼ 44.7% | -14M▼ 126.9% | -16.68M▼ 19.1% | 47.35M▲ 0% |
| FCF Growth % | 29.78% | -19.76% | -19.76% | -23.09% | 48.17% | -21.51% | -44.66% | -126.95% | -19.15% | 274.01% |
| FCF / Revenue % | 28.38% | 24.86% | 19.68% | 15.08% | 22.62% | 16.65% | 8.99% | -2.45% | -2.95% | 11.21% |
Piedmont Office Realty Trust, Inc. (PDM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 3.99 | 4.14 | 2.7 | 3.46 | 1.66 | 3.01 | 1.52 | 0.8 | 1.15 | 1.03 |
| FFO Payout Ratio | 21.08% | 34.05% | 31.19% | 24.35% | 50.57% | 28.1% | 49.58% | 62.6% | 21.52% | 0.03% |
| NOI Margin | 61.57% | 60.2% | 60.35% | 59.83% | 60.1% | 59.9% | 59.31% | 58.95% | -20.72% | 25.53% |
| Net Debt / EBITDA | 3.26x | 3.20x | 3.69x | 5.55x | 6.52x | 6.56x | 6.68x | 9.50x | 7.42x | 7.42x |
| Debt / Assets | 43.17% | 46.92% | 42.27% | 43.63% | 47.9% | 49.95% | 51.7% | 60.88% | 56.42% | 5.49% |
| Interest Coverage | 2.96x | 3.14x | 1.69x | 1.61x | 0.98x | 3.24x | 0.52x | 0.60x | 0.35x | - |
| Book Value / Share | 13.66 | 13.11 | 14.42 | 15.05 | 14.42 | 14.97 | 13.93 | 12.81 | 12.03 | 11.89 |
| Revenue Growth | 3.32% | -8.4% | 1.37% | 0.35% | -1.18% | 6.63% | 2.48% | -1.29% | -0.93% | -25.71% |
Piedmont Office Realty Trust, Inc. (PDM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Feb 11, 2026·SEC
Feb 3, 2026·SEC
Piedmont Office Realty Trust, Inc. (PDM) stock FAQ — growth, dividends, profitability & financials explained
Piedmont Office Realty Trust, Inc. (PDM) reported $422.3M in revenue for fiscal year 2025. This represents a 239% increase from $124.4M in 2002.
Piedmont Office Realty Trust, Inc. (PDM) saw revenue decline by 0.9% over the past year.
Piedmont Office Realty Trust, Inc. (PDM) reported a net loss of $86.4M for fiscal year 2025.
Yes, Piedmont Office Realty Trust, Inc. (PDM) pays a dividend with a yield of 2.94%. This makes it attractive for income-focused investors.
Piedmont Office Realty Trust, Inc. (PDM) has a return on equity (ROE) of -5.4%. Negative ROE indicates the company is unprofitable.
Piedmont Office Realty Trust, Inc. (PDM) generated Funds From Operations (FFO) of $128.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Piedmont Office Realty Trust, Inc. (PDM) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates