Piedmont Office Realty Trust, Inc.

Piedmont Office Realty Trust, Inc.

PDM
Piedmont Office Realty Trust, Inc.US flagNew York Stock Exchange
8.44
USD
+0.02
- -
1.06BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.49
3.67
4.02
3.83
4.03
4.17
4.24
4.32
4.3
4.57
4.67
4.6
4.54
4.54
Basic EPS, GAAP
0.63
0.27
0.9
0.69
0.94
1.03
1.82
1.88
-0.01
1.19
-0.39
-0.64
-0.67
-0.69
Free Cash Flow per Basic Share
1.37
1.41
1.54
1.6
1.71
1.61
1.66
1.56
1.97
1.74
1.7
1.6
1.13
1.32
Dividend per Share
0.84
0.81
0.87
0.63
0.86
1.46
0.85
0.86
0.84
0.85
0.75
0.5
0.25
- -
Book Value per Share
-7.81
-8.84
-10.65
-10.87
-11.95
-15.7
-14.87
-14.32
-15.42
-15.02
-16.05
-17.16
-17.89
-17.97
Tangible Book Value per Share
14.49
13.81
13.87
13.76
13.26
12.78
13.67
14.53
13.72
14.31
13.49
12.38
11.6
11.47
Basic Weighted Avg Shares
157
154
146
145
142
126
126
124
123
123
124
124
124
125
Sales/Revenue/Turnover
550
566
585
556
574
526
533
535
529
564
578
570
565
566
Operating Margin (%)
25.63
19.04
20.01
18.84
22.25
21.99
18.98
16.59
15.3
14.9
13.37
13.02
14.06
13.67
Depreciation Expense
168
195
196
202
193
166
178
195
199
215
227
221
224
228
Net Income, GAAP
99
42
131
100
134
130
229
233
-1
147
-48
-79
-84
-86
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
17.96
7.44
22.45
17.95
23.26
24.77
43
43.49
-0.22
26.04
-8.37
-13.86
-14.8
-15.28
Working Capital
-307
640
140
471
542
191
145
191
165
1
-52
42
-61
-43
LT Debt
1,699
2,312
2,051
1,890
1,742
1,516
1,506
1,657
1,917
2,041
2,047
2,255
2,250
2,275
Total Equity
2,461
2,312
2,123
2,098
1,986
1,712
1,819
1,898
1,787
1,849
1,723
1,588
1,497
1,483
Return on Invested Capital (%)
3.27
2.25
2.53
2.5
3.23
3.22
3
2.58
- -
2.21
- -
- -
- -
- -
Return on Capital (%)
27.37
10.57
21.52
32.45
72.45
-199.32
-93.79
-120.77
- -
203.85
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
2,193
2,225
2,252
LT Finance Leases
27
25
23
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
125
125
125
Market Capitalization
1,119
1,038
818

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
225
224
232
Cash, Cash Equivalents & STI
3
1
2
Accounts Receivable, Net
217
220
223
Inventories
- -
- -
- -
Total Current Liabilities
246
285
276
Payables & Accruals
135
173
158
ST Debt
- -
- -
- -
Deferred Revenue
111
112
118

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.25%
-4.56%
-5.76%
Free Cash Flow
-3.56%
-4.59%
-29.05%
Net Income, GAAP
-1,291.4%
-2,599.78%
5.76%
Sales/Revenue/Turnover
-0.26%
1.14%
-0.93%
Total Cash Common Dividend
-8.21%
-19.25%
-50.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
145
143
139
143
570
2025
143
140
139
143
565
2026
143
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
-0.08
-0.09
-0.24
-0.64
2025
-0.08
-0.14
-0.11
-0.35
-0.67
2026
-0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.13
0.13
- -
0.5
2025
0.25
- -
- -
- -
0.25
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Christopher Brent Smith
Full Time Employees
150
Sector
Real Estate
Industry
REIT - Office
Address
5565 Glenridge Connector Atlanta GA United States of America 30342
IPO Date
Feb 10, 2010
Business
Piedmont Realty Trust, Inc. (NYSE: PDM) owns, manages, develops, redevelops, and operates high-quality Class A office properties located primarily in major U.S. Sunbelt markets including Atlanta, Dallas/Fort Worth, and Orlando; its approximately $5 billion portfolio comprises around 16 million square feet of predominantly unencumbered space concentrated in these high-growth regions. The company, a fully integrated, self-managed real estate investment trust with local management offices in each market and investment-grade ratings from Moody's (Baa3) and Fitch (BBB-), targets corporate tenants seeking premium workplace environments enhanced by its hospitality-driven PLACEmaking approach that emphasizes collaboration, convenience, and curated amenities. Founded in 1998 and headquartered in Atlanta, Georgia, Piedmont Realty Trust focuses on delivering exceptional office experiences through properties such as Galleria on the Park in Atlanta, The Exchange on Orange in Orlando, and Galleria Towers in Dallas. In June 2025, the company rebranded from Piedmont Office Realty Trust to Piedmont Realty Trust, launching a new brand identity to better reflect its transformative workplace strategy. Recent operational highlights include completing approximately 2.4 million square feet of leasing in 2024, the most since 2015, with continued momentum such as over 500,000 square feet signed in early second-quarter 2025 and raised full-year leasing guidance to 1.8-2.0 million square feet; in November 2025, its operating partnership completed a cash tender offer for its 9.250% senior notes due 2028 and entered an underwriting agreement for new senior unsecured notes rated 'BBB-' by Fitch, alongside board expansions in February 2025 with appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly.

Company News

APIChat
  • Piedmont Realty Trust: Leasing Surge Signals Premium Office Demand

  • Piedmont REIT Signs 240,000 SF of Leases Second Quarter-to-Date Bringing YTD Leasing to approximately 670,000 SF

  • Piedmont Realty Trust, Inc. (PDM) Shareholder/Analyst Call Prepared Remarks Transcript

  • The Overlooked Trend That Could Supercharge REIT Dividends

  • Piedmont Realty Trust: The Dividend Probably Will Be Back Next Year

  • REITs Excel, Earnings Swell, Fed Rebels

  • Piedmont Realty Trust, Inc. (PDM) Q1 2026 Earnings Call Transcript

  • Piedmont Realty Trust (PDM) Q1 FFO Meet Estimates

  • Piedmont Realty Trust, Inc. Releases First Quarter 2026 Results

  • When No One Shows Up, Opportunity Does: The Office REIT Reset

  • Piedmont Realty Trust, Inc. to Report First Quarter 2026 Financial Results

  • Are Investors Undervaluing Piedmont Realty Trust, Inc. (PDM) Right Now?

  • Piedmont Realty Trust: Deeply Discounted, Significant Upside Potential

  • After Plunging 19.9% in 4 Weeks, Here's Why the Trend Might Reverse for Piedmont Realty Trust (PDM)

  • Piedmont Realty Trust (PDM) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

  • Should Value Investors Buy Piedmont Realty Trust, Inc. (PDM) Stock?

  • 1,348,706 Shares in Piedmont Realty Trust, Inc. $PDM Acquired by Centersquare Investment Management LLC

  • Piedmont Realty Trust Q4 Earnings Call Highlights

  • Piedmont Realty Trust, Inc. (PDM) Q4 2025 Earnings Call Transcript

  • Piedmont Realty Trust (PDM) Q4 FFO Match Estimates