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Piedmont Office Realty Trust NYSE:PDM Stock Report

Last Price

US$6.80

Market Cap

US$842.4m

7D

5.3%

1Y

-2.9%

Updated

27 Mar, 2024

Data

Company Financials +

Piedmont Office Realty Trust, Inc.

NYSE:PDM Stock Report

Market Cap: US$842.4m

PDM Stock Overview

Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S.

PDM fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends4/6

Piedmont Office Realty Trust, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Piedmont Office Realty Trust
Historical stock prices
Current Share PriceUS$6.80
52 Week HighUS$8.05
52 Week LowUS$4.91
Beta1.13
1 Month Change13.90%
3 Month Change-6.85%
1 Year Change-2.86%
3 Year Change-60.85%
5 Year Change-67.80%
Change since IPO-56.41%

Recent News & Updates

Recent updates

Piedmont Office: Steep Discount To Book And A Covered 7% Dividend Yield

Jan 22

Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant

Nov 05

Piedmont Office: Calamitous Drops Don't Scare Us Out Of The Game

Oct 03

Piedmont Office: Dividend News Distracts From Material Upside Potential In Share Price

Jul 30

Piedmont Office Realty Trust: Really Cheap With An 11% Yield

Jul 11

Piedmont: I'm Collecting A 9% Yield While Waiting For Shares To Recover

Feb 25

Piedmont Office Realty Trust Q4 results mixed, co gives in-line FY 2023 FFO guidance

Feb 08

Piedmont Office declares $0.21 dividend

Feb 01

Piedmont Office Realty: My Top 2023 Stock Pick

Dec 22

Piedmont Office Realty Trust: The Atlanta Market Will Carry It Forward

Nov 16

Piedmont Office GAAP EPS of $0.03 misses by $0.03

Nov 02

Piedmont Office Realty Trust's 8.7% Dividend Yield Looks Peachy

Oct 23

Piedmont Office Realty Trust: A 6.5% Yielding Sunbelt REIT Due For A Rebound

Aug 23

Piedmont Office Realty Trust: Continued Mediocrity

Mar 25

Piedmont Office Realty Trust: Still Cheap And Still For A Reason

Dec 13

Piedmont Office Realty Trust: Opinion Unchanged

Aug 31

Piedmont Office goes ex-dividend tomorrow

May 26

Shareholder Returns

PDMUS Office REITsUS Market
7D5.3%0.08%0.4%
1Y-2.9%12.7%28.8%

Return vs Industry: PDM underperformed the US Office REITs industry which returned 13.6% over the past year.

Return vs Market: PDM underperformed the US Market which returned 29.5% over the past year.

Price Volatility

Is PDM's price volatile compared to industry and market?
PDM volatility
PDM Average Weekly Movement6.0%
Office REITs Industry Average Movement5.7%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: PDM has not had significant price volatility in the past 3 months.

Volatility Over Time: PDM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997150Christopher Smithhttps://www.piedmontreit.com

Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (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. 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 Standard & Poor’s and Moody’s.

Piedmont Office Realty Trust, Inc. Fundamentals Summary

How do Piedmont Office Realty Trust's earnings and revenue compare to its market cap?
PDM fundamental statistics
Market capUS$842.44m
Earnings (TTM)-US$48.39m
Revenue (TTM)US$577.76m

1.5x

P/S Ratio

-17.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PDM income statement (TTM)
RevenueUS$577.76m
Cost of RevenueUS$235.09m
Gross ProfitUS$342.67m
Other ExpensesUS$391.05m
Earnings-US$48.39m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.39
Gross Margin59.31%
Net Profit Margin-8.38%
Debt/Equity Ratio119.2%

How did PDM perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

43%

Payout Ratio
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