Piedmont Office Realty Trust, Inc. (PDM)
| Market Cap | 898.63M |
| Revenue (ttm) | 570.32M |
| Net Income (ttm) | -79.07M |
| Shares Out | 124.29M |
| EPS (ttm) | -0.64 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.50 (6.92%) |
| Ex-Dividend Date | Feb 21, 2025 |
| Volume | 304,828 |
| Open | 7.41 |
| Previous Close | 7.37 |
| Day's Range | 7.16 - 7.40 |
| 52-Week Range | 6.27 - 11.12 |
| Beta | 1.22 |
| Analysts | Buy |
| Price Target | 10.00 (+38.31%) |
| Earnings Date | Apr 29, 2025 |
About PDM
Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor’s and Moody’s. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it... [Read more]
Financial Performance
In 2024, PDM's revenue was $570.32 million, a decrease of -1.29% compared to the previous year's $577.76 million. Losses were -$79.07 million, 63.4% more than in 2023.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for PDM stock is "Buy." The 12-month stock price forecast is $10.0, which is an increase of 38.31% from the latest price.
News
Buried Treasures: 4 Dramatically Undervalued REITs
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Piedmont Office Realty Trust Expands Board with Appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly
Atlanta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the following appointments to its Board of...
Piedmont Office Realty Trust: A Bargain Opportunity Before The Market Catches On
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 offi...
Piedmont Office Realty Trust, Inc. (PDM) Q4 2024 Earnings Call Transcript
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 Offic...
Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2024 Results
Atlanta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt ma...
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND Atlanta, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), an...
Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2024 Financial Results
Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February ...
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Piedmont Office Realty Trust focuses on high-quality office properties, particularly in the Sun Belt region, showing strong financial performance and asset repositioning success. The Sun Belt region's...
Piedmont Office Realty Trust, Inc. (PDM) Q3 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Laura Moon - Senior Vice President and Chief Accounting Officer Brent S...
Piedmont Office Realty Trust Reports Third Quarter 2024 Results
YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased
Piedmont REIT Signs over 461,000 SF of Leases during Third Quarter
YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased
Piedmont Office Realty Trust Reports Virtually No Damage From Hurricane Milton
Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, annou...
Piedmont Office Realty Trust, Inc. to Report Third Quarter 2024 Financial Results
Atlanta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Atlanta, GA – October 8, 2024 – Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on...
Piedmont Office Realty Trust, Inc. Announces CFO Transition
Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E.
Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade)
Piedmont Office Realty Trust is an office REIT focused on the Sunbelt region, with the largest markets being Atlanta, Dallas, and Orlando. The REIT has significantly outperformed the Vanguard Real Est...
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...
Piedmont Office Realty Trust, Inc. (PDM) Q2 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Laura Moon - Chief Accounting Officer & Senior Vice President Brent Smith...
Piedmont Office Realty Trust Reports Second Quarter 2024 Results
- Completes over one million square feet of leasing during the quarter - - Completes over one million square feet of leasing during the quarter -
PIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
Atlanta, July 25, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regu...
Picking A Winner In High-Yield REITs
REIT yields are high due to sell-off in 2022 and 2023, but REIT prices may rise if the Fed cuts rates in September as expected. Dividend safety is crucial when investing in high-yielding REITs, to avo...
Piedmont Office Realty Trust, Inc. to Report Second Quarter 2024 Financial Results
Atlanta, July 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 31, 2024, afte...
Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering
Atlanta, June 13, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, L...
Piedmont REIT signs over 575,000 SF of Leases During April and May 2024
Atlanta, June 03, 2024 (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, announce...
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...