Piedmont Realty Trust, Inc. (PDM)
| Market Cap | 954.21M |
| Revenue (ttm) | 568.47M |
| Net Income (ttm) | -61.41M |
| Shares Out | 124.41M |
| EPS (ttm) | -0.50 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.50 (6.52%) |
| Ex-Dividend Date | Feb 21, 2025 |
| Volume | 556,088 |
| Open | 7.51 |
| Previous Close | 7.53 |
| Day's Range | 7.51 - 7.71 |
| 52-Week Range | 5.46 - 11.12 |
| Beta | 1.41 |
| Analysts | Buy |
| Price Target | 9.40 (+22.56%) |
| Earnings Date | Jul 28, 2025 |
About PDM
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 the Sunbelt. Its approximately $5 billion, predominantly unencumbered portfolio is currently comprised of approximately 16 million square feet. 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 Moody's (Baa3) and Fitch (BBB-). Piedmont is a 2024 ENERGY STAR Pa... [Read more]
Financial Performance
In 2024, Piedmont Realty Trust'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 Summary
According to 5 analysts, the average rating for PDM stock is "Buy." The 12-month stock price target is $9.4, which is an increase of 22.56% from the latest price.
News
Piedmont Realty Trust, Inc. to Report Second Quarter 2025 Financial Results
Atlanta, July 07, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Monday, July 28, 2025, after the clos...
Piedmont Office Realty Trust Rebrands to Piedmont Realty Trust
Atlanta, June 09, 2025 (GLOBE NEWSWIRE) -- --Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the launch of its new brand identity includin...
Piedmont Office Realty Trust: Improved 2025 Leasing Guidance Reinforces My Strong Buy
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-ye...
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
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, announce...
The State Of REITs: May 2025 Edition
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 aver...
Piedmont Office Realty: They Did The Right Thing, But The Market Didn't Get It
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 su...
Piedmont Office Realty Stock: Dividend Elimination Gives A Buying Opportunity
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, ...
Piedmont Office Realty Trust, Inc. (PDM) Q1 2025 Earnings Call Transcript
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 ...
Piedmont Office Realty Trust, Inc. Releases First Quarter 2025 Results
Atlanta, April 28, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc (NYSE: PDM) has released its financial and operational results for the first quarter of 2025. Please visit the Investor R...
Piedmont Office Realty Trust, Inc. to Report First Quarter 2025 Financial Results
Atlanta, April 09, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, April 28, 2025, after ...
Cash COWs: 11 High-Yield REITs
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-...
Buried Treasures: 4 Dramatically Undervalued REITs
REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least ...
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...