Piedmont Office Realty Trust Past Earnings Performance

Past criteria checks 0/6

Piedmont Office Realty Trust's earnings have been declining at an average annual rate of -27.9%, while the Office REITs industry saw earnings declining at 0.01% annually. Revenues have been growing at an average rate of 1.7% per year.

Key information

-27.9%

Earnings growth rate

-27.4%

EPS growth rate

Office REITs Industry Growth	3.1%
Revenue growth rate	1.7%
Return on equity	-2.8%
Net Margin	-8.4%
Next Earnings Update	30 Apr 2024

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How Piedmont Office Realty Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:PDM Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	578	-48	29
30 Sep 23	580	55	28
30 Jun 23	577	76	27
31 Mar 23	570	85	27
31 Dec 22	564	147	27
30 Sep 22	555	40	29
30 Jun 22	542	47	29
31 Mar 22	536	49	31
31 Dec 21	529	-1	30
30 Sep 21	522	53	30
30 Jun 21	523	51	28
31 Mar 21	527	233	26
31 Dec 20	535	233	27
30 Sep 20	538	373	25
30 Jun 20	541	372	31
31 Mar 20	537	188	34
31 Dec 19	533	229	35
30 Sep 19	536	112	38
30 Jun 19	530	120	34
31 Mar 19	529	123	33
31 Dec 18	526	130	30
30 Sep 18	528	54	29
30 Jun 18	536	164	28
31 Mar 18	556	176	28
31 Dec 17	574	134	29
30 Sep 17	579	195	28
30 Jun 17	580	56	29
31 Mar 17	566	104	30
31 Dec 16	556	100	27
30 Sep 16	552	153	31
30 Jun 16	562	165	32
31 Mar 16	574	122	32
31 Dec 15	585	131	30
30 Sep 15	593	60	29
30 Jun 15	588	71	27
31 Mar 15	580	51	26
31 Dec 14	566	41	24
30 Sep 14	556	44	23
30 Jun 14	555	53	23
31 Mar 14	549	61	22
31 Dec 13	546	72	22
30 Sep 13	540	69	22
30 Jun 13	529	61	21

Quality Earnings: PDM is currently unprofitable.

Growing Profit Margin: PDM is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PDM is unprofitable, and losses have increased over the past 5 years at a rate of 27.9% per year.

Accelerating Growth: Unable to compare PDM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PDM is unprofitable, making it difficult to compare its past year earnings growth to the Office REITs industry (-29.6%).

Return on Equity

High ROE: PDM has a negative Return on Equity (-2.81%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Piedmont Office Realty Trust Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

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

Full year 2023 earnings: EPS misses analyst expectations

Full year 2023 earnings: EPS misses analyst expectations

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

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

Recent updates

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) entered into a binding contract to acquire 1180 Peachtree Building for approximately $460 million.

Revenue & Expenses Breakdown
Beta