Piedmont Office Realty Trust Balance Sheet Health
Financial Health criteria checks 0/6
Piedmont Office Realty Trust has a total shareholder equity of $1.6B and total debt of $2.2B, which brings its debt-to-equity ratio to 136.4%. Its total assets and total liabilities are $4.1B and $2.5B respectively. Piedmont Office Realty Trust's EBIT is $75.6M making its interest coverage ratio 0.6. It has cash and short-term investments of $134.6M.
Key information
136.4%
Debt to equity ratio
US$2.22b
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$134.62m |
| Equity | US$1.63b |
| Total liabilities | US$2.51b |
| Total assets | US$4.14b |
Recent financial health updates
No updates
Recent updates
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Dec 06Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade)
Sep 05Piedmont Office Realty Trust: Attractive Valuation But Risks Remain
Apr 19Piedmont Office: Steep Discount To Book And A Covered 7% Dividend Yield
Jan 22Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant
Nov 05Piedmont Office: Calamitous Drops Don't Scare Us Out Of The Game
Oct 03Piedmont Office: Dividend News Distracts From Material Upside Potential In Share Price
Jul 30Piedmont Office Realty Trust: Really Cheap With An 11% Yield
Jul 11Piedmont: I'm Collecting A 9% Yield While Waiting For Shares To Recover
Feb 25Piedmont Office Realty Trust Q4 results mixed, co gives in-line FY 2023 FFO guidance
Feb 08Piedmont Office declares $0.21 dividend
Feb 01Piedmont Office Realty: My Top 2023 Stock Pick
Dec 22Piedmont Office Realty Trust: The Atlanta Market Will Carry It Forward
Nov 16Piedmont Office GAAP EPS of $0.03 misses by $0.03
Nov 02Piedmont Office Realty Trust's 8.7% Dividend Yield Looks Peachy
Oct 23Piedmont Office Realty Trust: A 6.5% Yielding Sunbelt REIT Due For A Rebound
Aug 23Financial Position Analysis
Short Term Liabilities: PDM's short term assets ($361.3M) do not cover its short term liabilities ($401.7M).
Long Term Liabilities: PDM's short term assets ($361.3M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: PDM's net debt to equity ratio (128.1%) is considered high.
Reducing Debt: PDM's debt to equity ratio has increased from 112.2% to 136.4% over the past 5 years.
Debt Coverage: PDM's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: PDM's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:09 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Piedmont Office Realty Trust, Inc. is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Thillman | Baird |
| Paul Adornato | BMO Capital Markets Equity Research |
| Paul Adornato | BMO Capital Markets U.S. (Historical) |