Piedmont Office Realty Trust Future Growth

Future criteria checks 0/6

Piedmont Office Realty Trust is forecast to grow earnings and revenue by 7.6% and 0.1% per annum respectively. EPS is expected to grow by 41.8% per annum. Return on equity is forecast to be -0.5% in 3 years.

Key information

7.6%

Earnings growth rate

41.8%

EPS growth rate

Office REITs earnings growth	16.5%
Revenue growth rate	0.1%
Future return on equity	-0.5%
Analyst coverage	Low
Last updated	08 Apr 2024

Recent future growth updates

Recent updates

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

Earnings and Revenue Growth Forecasts

NYSE:PDM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	553	-31	N/A	N/A	2
12/31/2025	563	-40	N/A	N/A	2
12/31/2024	566	-51	N/A	N/A	2
12/31/2023	578	-48	210	210	N/A
9/30/2023	580	55	212	212	N/A
6/30/2023	577	76	219	219	N/A
3/31/2023	570	85	216	216	N/A
12/31/2022	564	147	215	215	N/A
9/30/2022	555	40	241	241	N/A
6/30/2022	542	47	234	234	N/A
3/31/2022	536	49	235	235	N/A
12/31/2021	529	-1	242	242	N/A
9/30/2021	522	53	220	220	N/A
6/30/2021	523	51	203	203	N/A
3/31/2021	527	233	193	193	N/A
12/31/2020	535	233	193	193	N/A
9/30/2020	538	373	187	187	N/A
6/30/2020	541	372	207	207	N/A
3/31/2020	537	188	215	215	N/A
12/31/2019	533	229	208	208	N/A
9/30/2019	536	112	225	225	N/A
6/30/2019	530	120	212	212	N/A
3/31/2019	529	123	210	210	N/A
12/31/2018	526	130	203	203	N/A
9/30/2018	528	54	205	205	N/A
6/30/2018	536	164	214	214	N/A
3/31/2018	556	176	249	226	N/A
12/31/2017	574	134	243	243	N/A
9/30/2017	579	195	N/A	236	N/A
6/30/2017	580	56	N/A	241	N/A
3/31/2017	566	104	N/A	232	N/A
12/31/2016	556	100	N/A	232	N/A
9/30/2016	552	153	N/A	257	N/A
6/30/2016	562	165	N/A	225	N/A
3/31/2016	574	122	N/A	225	N/A
12/31/2015	585	131	N/A	224	N/A
9/30/2015	593	60	N/A	193	N/A
6/30/2015	588	71	N/A	203	N/A
3/31/2015	580	51	N/A	190	N/A
12/31/2014	566	41	N/A	217	N/A
9/30/2014	556	44	N/A	209	N/A
6/30/2014	555	53	N/A	237	N/A
3/31/2014	549	61	N/A	243	N/A
12/31/2013	546	72	N/A	215	N/A
9/30/2013	540	69	N/A	242	N/A
6/30/2013	529	61	N/A	239	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PDM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PDM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PDM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PDM's revenue (0.1% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: PDM's revenue (0.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PDM is forecast to be unprofitable in 3 years.

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Piedmont Office Realty Trust Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 85%

Piedmont Office Realty Trust, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024

Price target decreased by 17% to US$8.17

Consensus EPS estimates fall by 81%

Price target decreased by 9.8% to US$9.17

Piedmont Office Realty Trust, Inc. Updates Earnings Guidance for the Year Ending December 31, 2023

Recent updates

Piedmont Office Realty Trust: Attractive Valuation But Risks Remain

Piedmont Office Realty Trust, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Consensus EPS estimates fall by 85%

An undisclosed buyer completed the acquisition of One Lincoln Park, located at 8401 North Central Expressway in Dallas from Piedmont Office Realty Trust, Inc. (NYSE:PDM).

Piedmont Office Realty Trust, Inc., Annual General Meeting, May 07, 2024

President exercised options and sold US$100k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

President exercised options and sold US$116k worth of stock

Upcoming dividend of US$0.13 per share at 7.7% yield

Full year 2023 earnings: EPS misses analyst expectations

Piedmont Office Realty Trust, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024

Third quarter dividend of US$0.13 announced

Piedmont Office Realty Trust, Inc. Declares Regular Cash Dividend for the First Quarter of 2024, Payable on March 15, 2024

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

Piedmont Office Realty Trust, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Price target decreased by 17% to US$8.17

Consensus EPS estimates fall by 81%

Price target decreased by 9.8% to US$9.17

Upcoming dividend of US$0.13 per share at 7.9% yield

Investor sentiment improves as stock rises 20%

Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant

Third quarter 2023 earnings released: FFO per share: US$0.4 (vs US$0.50 in 3Q 2022)

Piedmont Office Realty Trust, Inc. to Report Q3, 2023 Results on Oct 30, 2023

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

Upcoming dividend of US$0.13 per share at 7.6% yield

New minor risk - Dividend sustainability

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

Piedmont Office Realty Trust, Inc. Updates Earnings Guidance for the Year Ending December 31, 2023

Price target decreased by 8.5% to US$10.83

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS misses analyst expectations

Piedmont Office Realty Trust, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Piedmont Office Realty Trust, Inc. to Report Q2, 2023 Results on Jul 26, 2023

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

Consensus EPS estimates upgraded to US$0.014 loss

Upcoming dividend of US$0.21 per share at 13% yield

Piedmont Office Realty Trust, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2023

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment deteriorates as stock falls 16%

President recently bought US$54k worth of stock

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

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.21 per share at 8.1% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Piedmont Office Realty Trust, Inc. Provides Earnings Guidance for the Full Year 2023

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

Piedmont Office Realty Trust, Inc. Declares First Quarter Dividend, Payable on March 17, 2023

Piedmont Office declares $0.21 dividend

Piedmont Office Realty Trust, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Price target decreased to US$13.67

An unknown buyer acquired 1414 Massachusetts Avenue in Cambridge, Massachusetts from Piedmont Office Realty Trust, Inc. (NYSE:PDM).

Piedmont Office Realty: My Top 2023 Stock Pick

An unknown buyer acquired One Brattle Square in Cambridge, Massachusetts from Piedmont Office Realty Trust, Inc. (NYSE:PDM).

Piedmont Office Realty Trust, Inc. Announces the Appointment of Mary Hager to its Board of Directors

Consensus forecasts updated

Price target decreased to US$14.00

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

Upcoming dividend of US$0.21 per share

Third quarter 2022 earnings released: FFO per share: US$0.5 (vs US$0.50 in 3Q 2021)

Piedmont Office Realty Trust, Inc. revises Earning Guidance for 2022

Piedmont Office GAAP EPS of $0.03 misses by $0.03

Piedmont Office Realty Trust Declares Fourth Quarter Dividend, Payable on January 3, 2023

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

Piedmont Office Realty Trust, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Price target decreased to US$16.67

Independent Director recently bought US$500k worth of stock

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

Upcoming dividend of US$0.21 per share

Piedmont Office Realty Trust, Inc. Appoints Venkatesh S. Durvasula as Independent Director and Member of the Capital Committee of the Board