Piedmont Office Realty Trust, Inc. (PDM)
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- symbol PDM
- Rev/Share 4.5749
- Book/Share 12.5685
- PB 0.5904
- Debt/Equity 1.4195
- CurrentRatio 2.0468
- ROIC 0.0191
- MktCap 923107360.0
- FreeCF/Share -0.219
- PFCF -33.9265
- PE -15.0137
- Debt/Assets 0.5537
- DivYield 0.0505
- ROE -0.0382
- Rating C
- Score 2
- Recommendation Sell
- P/E Score 1
- DCF Score 1
- P/B Score 4
- D/E Score 2
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Downgrade | PDM | Robert W. Baird | Outperform | Neutral | -- | $11 | Jan. 16, 2025 |
News
Piedmont Office Realty Trust: Improved 2025 Leasing Guidance Reinforces My Strong Buy
Published: June 03, 2025 by: Seeking Alpha
Sentiment: Positive
Piedmont Office Realty Trust is deeply undervalued, with a forward P/FFO of 4.8x and a 21% FFO yield, presenting a compelling opportunity. The company is rapidly leasing vacant spaces, raising full-year guidance by 29%, and locking in positive cash rent increases, signaling strong asset desirability. Dividend elimination was a strategic move to fund growth at a rapid pace, setting up for potential dividend reinstatement in 2026 at an attractive yield + 11% yield.
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Piedmont REIT Signs over 500,000 SF of Leases Second Quarter-to-Date and Raises Full Year Leasing Guidance from 1.4 - 1.6 million SF to 1.8 - 2.0 million SF
Published: June 02, 2025 by: GlobeNewsWire
Sentiment: Neutral
Atlanta, June 02, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week's Nareit REITWeek Investor Conference in New York City. The Company has completed over 500,000 square feet of leasing thus far in the second quarter, with 350,000 square feet related to new tenants.
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The State Of REITs: May 2025 Edition
Published: May 23, 2025 by: Seeking Alpha
Sentiment: Negative
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger average losses than mid-caps (-5.45%) and large-caps (-2.93%). 84.62% of REIT securities had a negative total return in April.
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Piedmont Office Realty: They Did The Right Thing, But The Market Didn't Get It
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Positive
Mr. Market's irrational behavior creates opportunities to invest in undervalued, well-run office REITs like Piedmont Office Realty, which is currently undervalued by around 60%. Piedmont's dividend suspension is a rational move to preserve cash for growth and deleveraging, despite market overreaction causing a 12% share price drop. Leasing volumes are high, and Piedmont's A-tier assets are benefiting from a "flight to quality," setting up for future outperformance.
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Piedmont Office Realty Stock: Dividend Elimination Gives A Buying Opportunity
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Positive
Piedmont Office Realty Trust is an office REIT focused primarily on the Atlanta, Dallas, and Orlando markets. PDM's enterprise value is 75% funded with debt that, together with high lease incentives, prompted management to suspend the dividend. The company remains attractively valued on a core FFO multiple and market-implied cap rate basis.
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Piedmont Office Realty Trust, Inc. (PDM) Q1 2025 Earnings Call Transcript
Published: April 29, 2025 by: Seeking Alpha
Sentiment: Neutral
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Laura Moon – Executive Vice President and Chief Accounting Officer Brent Smith – President and Chief Executive Officer George Wells – Chief Operating Officer Chris Kollme – Executive Vice President-Investments Sherry Rexroad – Chief Financial Officer Conference Call Participants Dylan Burzinski – Green Street Nick Thillman – Baird Operator Greetings. Welcome to the Piedmont Office Realty Trust First Quarter 2025 Earnings Call.
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Piedmont Office Realty Trust: A Bargain Opportunity Before The Market Catches On
Published: February 17, 2025 by: Seeking Alpha
Sentiment: Positive
Piedmont Office Realty Trust is experiencing earnings headwinds when looking at the surface. Positive market dynamics, including a flight to quality and shrinking supply pipelines, are benefiting office REITs like Piedmont and de-risking investments. Going into 2025 and beyond, I will show you that this is the time to buy into the stock.
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Piedmont Office Realty Trust, Inc. (PDM) Q4 2024 Earnings Call Transcript
Published: February 14, 2025 by: Seeking Alpha
Sentiment: Neutral
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q4 2024 Earnings Call February 14, 2025 9:00 AM ET Company Participants Laura Moon - Investor Relations Brent Smith - President and Chief Executive Officer George Wells - Chief Operating Officer Chris Kollme - Executive Vice President, Investments Sherry Rexroad - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Nick Thillman - Baird Dylan Burzinski - Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust, Inc. Fourth Quarter 2024 Earnings Call.
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Piedmont Office (PDM) Reports Q4 Earnings: What Key Metrics Have to Say
Published: February 13, 2025 by: Zacks Investment Research
Sentiment: Positive
The headline numbers for Piedmont Office (PDM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Piedmont Office (PDM) Matches Q4 FFO Estimates
Published: February 13, 2025 by: Zacks Investment Research
Sentiment: Positive
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.41 per share a year ago.
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About Piedmont Office Realty Trust, Inc. (PDM)
- IPO Date 2010-02-10
- Website https://www.piedmontreit.com
- Industry REIT - Office
- CEO Mr. Christopher Brent Smith
- Employees 150