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 select sub-markets within seven major Eastern U.S.
Share Price & News
How has Piedmont Office Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PDM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PDM's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PDM underperformed the US REITs industry which returned 30.8% over the past year.
Return vs Market: PDM underperformed the US Market which returned 33.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Piedmont Office Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThe one-year decline in earnings for Piedmont Office Realty Trust NYSE:PDM) isn't encouraging, but shareholders are still up 25% over that period
1 month ago | Simply Wall StQuite a few insiders invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) last year which is positive news for shareholders
2 months ago | Simply Wall StIs Piedmont Office Realty Trust, Inc.'s (NYSE:PDM) Latest Stock Performance Being Led By Its Strong Fundamentals?
Piedmont Office Realty Trust Fundamentals Summary
|PDM fundamental statistics|
Is PDM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PDM income statement (TTM)|
|Cost of Revenue||US$211.68m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.41|
|Net Profit Margin||9.73%|
How did PDM perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is Piedmont Office Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PDM ($17.29) is trading below our estimate of fair value ($28.32)
Significantly Below Fair Value: PDM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PDM is good value based on its PE Ratio (42.2x) compared to the US REITs industry average (50.6x).
PE vs Market: PDM is poor value based on its PE Ratio (42.2x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: PDM is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: PDM is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (2x).
How is Piedmont Office Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PDM's forecast earnings growth (12.2% per year) is above the savings rate (2%).
Earnings vs Market: PDM's earnings (12.2% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: PDM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PDM's revenue (4.1% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: PDM's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PDM's Return on Equity is forecast to be low in 3 years time (3.6%).
How has Piedmont Office Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PDM has a large one-off gain of $14.3M impacting its June 30 2021 financial results.
Growing Profit Margin: PDM's current net profit margins (9.7%) are lower than last year (68.7%).
Past Earnings Growth Analysis
Earnings Trend: PDM's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: PDM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PDM had negative earnings growth (-86.3%) over the past year, making it difficult to compare to the REITs industry average (3.9%).
Return on Equity
High ROE: PDM's Return on Equity (2.7%) is considered low.
How is Piedmont Office Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: PDM's short term assets ($329.2M) exceed its short term liabilities ($111.6M).
Long Term Liabilities: PDM's short term assets ($329.2M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: PDM's debt to equity ratio (89.4%) is considered high.
Reducing Debt: PDM's debt to equity ratio has increased from 86.5% to 89.4% over the past 5 years.
Debt Coverage: PDM's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: PDM's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is Piedmont Office Realty Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PDM's dividend (4.86%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: PDM's dividend (4.86%) is in the top 25% of dividend payers in the US market (3.58%)
Stability and Growth of Payments
Stable Dividend: PDM's dividend payments have been volatile in the past 10 years.
Growing Dividend: PDM's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44%), PDM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PDM's dividends in 3 years are forecast to be well covered by earnings (42.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christopher Smith (45 yo)
Mr. Christopher Brent Smith has been President of Piedmont Office Realty Trust, Inc. since November 2018 and as its Director since March 19, 2019. He served as Chief Investment Officer of Piedmont Office R...
CEO Compensation Analysis
Compensation vs Market: Christopher's total compensation ($USD3.19M) is about average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Christopher's compensation has been consistent with company performance over the past year.
Experienced Management: PDM's management team is seasoned and experienced (7.6 years average tenure).
Experienced Board: PDM's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PDM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Piedmont Office Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Piedmont Office Realty Trust, Inc.
- Ticker: PDM
- Exchange: NYSE
- Founded: 1997
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: US$2.146b
- Shares outstanding: 124.14m
- Website: https://www.piedmontreit.com
Number of Employees
- Piedmont Office Realty Trust, Inc.
- 5565 Glenridge Connector
- Suite 450
- United States
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 select sub-markets within seven maj...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:52|
|End of Day Share Price||2021/09/16 00:00|
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.