PDM Stock Price, Piedmont Office Realty Trust Quote, Chart

Market Summary

USD7.21-0.01

Delayedas of 17 May 2024, 10:46 am

-0.14%

PDM Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

PDM Stock Price

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PDM RSI Chart

PDM Valuation

Market Cap

894.5M

Price/Earnings (Trailing)

-11.96

Price/Sales (Trailing)

1.54

Price/Free Cashflow

4.63

PDM Price/Sales (Trailing)

PDM Profitability

Return on Equity

-4.45%

Return on Assets

-1.87%

Free Cashflow Yield

21.59%

PDM Fundamentals

PDM Revenue

Revenue (TTM)

579.9M

Rev. Growth (Yr)

1.52%

Rev. Growth (Qtr)

-0.55%

PDM Earnings

Earnings (TTM)

-74.8M

Earnings Growth (Yr)

-1.9K%

Earnings Growth (Qtr)

0.95%

Breaking Down PDM Revenue

52 Week Range

5.108.05

(Low)(High)

Last 7 days

3.2%

Last 30 days

13.2%

Last 90 days

6.5%

Trailing 12 Months

13.7%

How does PDM drawdown profile look like?

PDM Financial Health

PDM Investor Care

Dividend Yield

8.1%

Dividend/Share (TTM)

0.59

Shares Dilution (1Y)

0.20%

Diluted EPS (TTM)

-0.61

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	579.9M	0	0	0
2023	570.0M	576.7M	579.6M	577.8M
2022	535.6M	541.7M	554.7M	563.8M
2021	527.1M	522.7M	522.1M	528.7M
2020	537.4M	541.4M	537.6M	535.0M
2019	529.0M	530.5M	536.2M	533.2M
2018	555.6M	536.1M	528.2M	526.0M
2017	566.2M	579.5M	578.6M	574.2M
2016	573.0M	561.6M	551.3M	555.7M
2015	579.7M	587.8M	592.0M	584.8M
2014	553.8M	559.8M	561.0M	566.3M
2013	527.2M	529.2M	540.5M	549.6M
2012	530.2M	526.7M	527.4M	525.0M
2011	529.9M	532.9M	530.2M	529.7M
2010	540.2M	537.8M	535.4M	533.0M
2009	0	0	0	542.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Piedmont Office Realty Trust Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	hager mary m.	acquired	-	-	15,220	-
May 07, 2024	lang barbara b	acquired	-	-	15,220	-
May 07, 2024	mcdowell frank c	acquired	-	-	15,220	-
May 07, 2024	swope jeffrey l.	acquired	-	-	15,220	-
May 07, 2024	durvasula venkatesh s.	acquired	-	-	15,220	-
May 07, 2024	cohen glenn gary	acquired	-	-	15,220	-
May 07, 2024	lang barbara b	sold (taxes)	-31,733	6.95	-4,566	-
May 07, 2024	durvasula venkatesh s.	sold (taxes)	-30,670	6.95	-4,413	-
May 07, 2024	taysom dale h.	sold (taxes)	-29,356	6.95	-4,224	-
May 07, 2024	barrett kelly hefner	acquired	-	-	15,220	-

Which funds bought or sold PDM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Royal Bank of Canada	reduced	-30.33	-197,000	435,000	-%
May 15, 2024	GLENMEDE TRUST CO NA	added	7.28	709,645	12,386,900	0.06%
May 15, 2024	BANK OF AMERICA CORP /DE/	added	5.63	217,316	5,107,050	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-92.6	-3,267,420	257,881	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	reduced	-18.81	-783,000	3,185,000	-%
May 15, 2024	D. E. Shaw & Co., Inc.	added	49.13	155,528	483,313	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.01	-5,951	382,573	-%
May 15, 2024	Bayesian Capital Management, LP	new	-	80,845	80,845	0.01%
May 15, 2024	Penserra Capital Management LLC	added	14.17	87,000	762,000	0.01%
May 15, 2024	DIVIDEND ASSETS CAPITAL, LLC	sold off	-100	-9,000	-	-%

Are Funds Buying or Selling PDM?

Are funds buying PDM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PDM

No. of Funds

Unveiling Piedmont Office Realty Trust Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	15.22%	18,825,523	SC 13G/A
Jan 29, 2024	state street corp	5.07%	6,267,785	SC 13G
Jan 23, 2024	blackrock inc.	13.8%	17,039,244	SC 13G/A
Feb 09, 2023	vanguard group inc	16.01%	19,760,380	SC 13G/A
Jan 23, 2023	blackrock inc.	10.5%	12,912,383	SC 13G/A
Jan 27, 2022	blackrock inc.	10.5%	13,086,883	SC 13G/A
Jan 26, 2022	blackrock inc.	10.5%	13,086,883	SC 13G/A
Mar 10, 2021	blackrock inc.	10.5%	12,990,763	SC 13G/A
Feb 11, 2021	lsv asset management	4.95%	6,234,115	SC 13G/A
Feb 10, 2021	vanguard group inc	14.22%	17,916,158	SC 13G/A

Recent SEC filings of Piedmont Office Realty Trust Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 07, 2024	S-8	Employee Benefits Plan
May 07, 2024	8-K	Current Report

Peers (Alternatives to Piedmont Office Realty Trust Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	91.0B	11.2B	13.18%	0.07%	46.11	8.12	3.63%	50.79%
CCI	45.2B	6.8B	10.71%	-9.11%	32.41	6.6	-2.39%	-16.60%
AVB	28.2B	2.8B	10.69%	11.82%	29.49	10.04	5.72%	-6.47%
ARE	21.7B	3.0B	6.06%	4.24%	110.53	7.35	10.44%	-73.79%
AMH	13.4B	-	5.08%	7.08%	31.6	8.22	8.93%	11.87%
REG	11.1B	1.4B	5.53%	2.30%	29.74	8.12	10.48%	-2.93%
BXP	10.0B	3.3B	9.78%	29.48%	52	3.02	4.82%	-75.15%
MID-CAP
FRT	8.4B	1.2B	5.38%	12.34%	35.36	7.33	5.48%	-38.69%
MAC	3.5B	878.0M	1.84%	69.62%	-10.13	3.95	2.35%	-290.60%
SLG	3.4B	892.3M	10.04%	147.14%	-6.73	3.86	-5.33%	-307.54%
SMALL-CAP
AAT	1.4B	444.1M	11.94%	21.68%	20.22	3.12	3.54%	8.91%
AIV	1.2B	198.2M	6.91%	0.60%	-7.62	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.43%	4.37%	36.67	1.73	27.93%	140.31%
NYMT	576.6M	285.4M	-6.09%	-35.38%	-4.18	2.02	11.05%	83.70%
IVR	459.0M	277.2M	16.05%	-12.07%	-55.97	1.66	25.89%	94.64%

Piedmont Office Realty Trust Inc News

Latest updates

Piedmont Office Realty Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.5%	145	145	147	143	142	147	144	136	136	138	131	130	129	132	132	135	137	134	135	131	133
Costs and Expenses	-3.1%	142	147	136	123	123	152	124	115	115	159	110	111	110	112	110	111	113	115	111	110	105
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	110	105
S&GA Expenses	6.1%	8.00	7.00	7.00	7.00	8.00	8.00	7.00	7.00	8.00	8.00	7.00	8.00	7.00	7.00	5.00	6.00	9.00	8.00	8.00	12.00	9.00
Interest Expenses	4.5%	30.00	28.00	27.00	23.00	22.00	21.00	17.00	14.00	14.00	14.00	12.00	12.00	13.00	13.00	13.00	14.00	15.00	15.00	16.00	15.00	15.00
Net Income	1.0%	-27.76	-28.03	-17.00	-1.99	-1.37	76.00	3.00	8.00	60.00	-31.75	11.00	10.00	9.00	23.00	9.00	192	9.00	162	8.00	8.00	50.00
Net Income Margin	-54.0%	-0.13*	-0.08*	0.10*	0.13*	0.15*	0.26*	0.07*	0.09*	0.09*	0.00*	0.10*	0.10*	-	-	-	-	-	-	-	-	-
Free Cashflow	-52.9%	23.00	50.00	65.00	55.00	40.00	51.00	72.00	52.00	40.00	77.00	65.00	53.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.6%	3,994	4,057	4,074	4,094	4,237	4,086	4,185	3,696	3,700	3,931	3,761	3,758	3,738	3,740	3,753	3,770	3,921	3,517	3,752	3,525	3,433
Cash Equivalents	329.6%	4.00	1.00	5.00	5.00	171	17.00	11.00	6.00	7.00	7.00	8.00	8.00	11.00	7.00	24.00	36.00	8.00	14.00	10.00	8.00	5.00
Goodwill	0%	53.00	53.00	72.00	83.00	83.00	83.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00	99.00
Liabilities	-0.9%	2,312	2,334	2,307	2,297	2,417	2,236	2,388	1,880	1,869	2,143	1,900	1,886	1,851	1,842	1,823	1,822	2,137	1,698	2,071	1,822	1,710
Shareholder's Equity	-2.4%	1,680	1,721	1,765	1,797	1,820	1,849	1,797	1,816	1,830	1,787	1,861	1,873	1,887	1,898	1,930	1,948	1,784	1,819	1,681	1,703	1,724
Additional Paid-In Capital	0.0%	3,718	3,717	3,715	3,713	3,711	3,711	3,709	3,708	3,706	3,702	3,700	3,699	3,698	3,694	3,693	3,691	3,691	3,686	3,686	3,688	3,686
Shares Outstanding	0.1%	124	124	124	124	124	123	123	123	123	124	124	124	-	-	-	-	-	-	-	-	-
Minority Interest	-0.3%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Float	-	-	-	-	888	-	-	-	1,601	-	-	-	2,271	-	-	-	2,077	-	-	-	2,452	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-52.9%	23,361	49,600	65,313	54,820	40,398	51,231	72,206	51,929	39,849	77,169	64,842	53,372	46,820	54,474	48,230	43,783	46,797	48,241	68,304	51,695	40,244
Share Based Compensation	-8.9%	1,881	2,064	2,104	2,163	1,762	2,088	2,012	2,054	2,814	2,783	1,750	3,176	3,275	2,738	1,435	1,650	3,895	3,081	2,534	5,996	3,835
Cashflow From Investing	96.7%	-1,967	-59,025	-48,405	-43,188	-45,402	119,105	-313,647	-30,999	224,294	-275,131	-32,224	-33,764	-27,813	-44,920	-28,939	324,790	-448,807	353,544	-255,293	-115,337	151,461
Cashflow From Financing	-784.9%	-17,835	2,604	-16,103	-176,186	160,180	-163,580	246,429	-21,742	-264,335	192,540	-28,036	-22,338	-15,791	-26,079	-31,790	-340,013	396,302	-398,503	189,865	66,812	-191,681
Dividend Payments	9015.5%	30,628	336	15,468	25,989	51,329	575	25,920	25,925	51,954	14.00	26,074	26,081	51,736	477	26,472	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	18,852	-	-	685	29,986	-	-	-	-	-	-	16,899

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PDM Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Rental and tenant reimbursement revenue	$ 139,081	$ 136,829
Total revenues	144,538	142,367
Expenses:
Property operating costs	59,444	57,791
Depreciation	38,869	35,797
Amortization	18,120	22,031
Impairment charges	18,432	0
General and administrative	7,612	7,691
Expenses	142,477	123,310
Other income (expense):
Interest expense	(29,714)	(22,077)
Other income	278	1,656
Loss on early extinguishment of debt	(386)	0
Other income (expense):	(29,822)	(20,421)
Net loss	(27,761)	(1,364)
Net income applicable to noncontrolling interest	(2)	(3)
Net loss applicable to Piedmont	$ (27,763)	$ (1,367)
Per share information – basic and diluted:
Net income/(loss) applicable to common stockholders - basic (in dollars per share)	$ (0.22)	$ (0.01)
Net income/(loss) applicable to common stockholders - diluted (in dollars per share)	$ (0.22)	$ (0.01)
Weighted-average common shares outstanding – basic (in shares)	123,799,683	123,550,047
Weighted-average common shares outstanding – diluted (in shares)	123,799,683	123,550,047
Property management fee revenue
Revenues:
Property management fee revenue and other property related income	$ 157	$ 507
Other property related income
Revenues:
Property management fee revenue and other property related income	$ 5,300	$ 5,031

PDM Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Real estate assets, at cost:
Land	$ 560,604	$ 567,244
Buildings and improvements, less accumulated depreciation of $1,064,199 and $1,046,512 as of March 31, 2024 and December 31, 2023, respectively	2,723,046	2,776,729
Intangible lease assets, less accumulated amortization of $80,070 and $88,066 as of March 31, 2024 and December 31, 2023, respectively	76,734	82,588
Construction in progress	92,091	85,966
Total real estate assets	3,452,475	3,512,527
Cash and cash equivalents	3,544	825
Tenant receivables	10,338	7,915
Straight-line rent receivables	184,750	183,839
Restricted cash and escrows	4,221	3,381
Prepaid expenses and other assets	23,853	28,466
Goodwill	53,491	53,491
Interest rate swaps	4,148	3,032
Deferred lease costs, less accumulated amortization of $217,570 and $223,913 as of March 31, 2024 and December 31, 2023, respectively	257,176	263,606
Total assets	3,993,996	4,057,082
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $15,958 and $15,437 as of March 31, 2024 and December 31, 2023, respectively	1,875,042	1,858,717
Secured debt	195,028	195,879
Accounts payable, accrued expenses and accrued capital expenditures	106,638	131,516
Dividends payable	0	15,143
Deferred income	95,139	89,930
Intangible lease liabilities, less accumulated amortization of $35,144 and $35,811 as of March 31, 2024 and December 31, 2023, respectively	40,237	42,925
Total liabilities	2,312,084	2,334,110
Commitments and Contingencies (Note 7)	0	0
Stockholders’ Equity:
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of March 31, 2024 or December 31, 2023	0	0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of March 31, 2024 or December 31, 2023	0	0
Common stock, $0.01 par value, 750,000,000 shares authorized; 123,887,808 and 123,715,298 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	1,239	1,237
Additional paid-in capital	3,717,599	3,716,742
Cumulative distributions in excess of earnings	(2,030,389)	(1,987,147)
Accumulated other comprehensive loss	(8,090)	(9,418)
Piedmont stockholders’ equity	1,680,359	1,721,414
Noncontrolling interest	1,553	1,558
Total stockholders’ equity	1,681,912	1,722,972
Total liabilities and stockholders’ equity	$ 3,993,996	$ 4,057,082

About Piedmont Office Realty Trust Inc

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). Piedmont is a 2023 ENERGY STAR Partner of the Year.

CEO	Mr. Christopher Brent Smith
WEBSITE	piedmontreit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	149

Piedmont Office Realty Trust Inc Frequently Asked Questions

What is the ticker symbol for Piedmont Office Realty Trust Inc? What does PDM stand for in stocks?

PDM is the stock ticker symbol of Piedmont Office Realty Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Piedmont Office Realty Trust Inc (PDM)?

As of Thu May 16 2024, market cap of Piedmont Office Realty Trust Inc is 894.5 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PDM stock?

You can check PDM's fair value in chart for subscribers.

What is the fair value of PDM stock?

You can check PDM's fair value in chart for subscribers. The fair value of Piedmont Office Realty Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Piedmont Office Realty Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PDM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Piedmont Office Realty Trust Inc a good stock to buy?

The fair value guage provides a quick view whether PDM is over valued or under valued. Whether Piedmont Office Realty Trust Inc is cheap or expensive depends on the assumptions which impact Piedmont Office Realty Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PDM.

What is Piedmont Office Realty Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, PDM's PE ratio (Price to Earnings) is -11.96 and Price to Sales (PS) ratio is 1.54. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PDM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Piedmont Office Realty Trust Inc's stock?

In the past 10 years, Piedmont Office Realty Trust Inc has provided -0.049 (multiply by 100 for percentage) rate of return.