YOLFTbeta
Piedmont Office Realty Trust Inc

Piedmont Office Realty Trust Inc

PDM · NYSE · Real Estate / REIT - Office

10.00USD+0.05 (+0.50%)

Price History

Full chart

Market Stats

Previous Close9.95
Open9.95
Day Range9.74 – 10.03
52-Week Range6.32 – 10.13
Volume662.20K
Market Cap1.14B
P/E (TTM)0.00
Forward P/E75.19
EPS-0.64
Dividend Yield0.00%
Beta1.35
50-Day Avg9.56
200-Day Avg8.51

About

Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier piedmont places that enhance each client's workplace experience. Piedmont Realty Trust, Inc. was incorporated in 1997 and is based in Atlanta, United States.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Christopher Brent Smith
  • Employees140
  • Headquarters5565 Glenridge Connector, Atlanta, GA, United States, 30342-4788, USA
  • Websitehttps://www.piedmontreit.com

Leadership

  • Mr. Christopher Brent SmithPresident, CEO & Director · b. 1976
  • Ms. Sherry L. Rexroad CFAExecutive VP, CFO & Company Secretary · b. 1965
  • Mr. George M. WellsExecutive VP & Co-COO · b. 1963
  • Mr. Christopher A. KollmeExecutive Vice President of Investments & Strategy · b. 1971
  • Ms. Laura P. MoonChief Accounting Officer, Treasurer & Executive VP · b. 1971
  • Mr. Alex ValenteExecutive VP & Co-COO · b. 1986
  • Ms. Lisa M. TylerSenior Vice President of Human Resource
  • Mr. Damian J. Miller CFAExecutive Vice President of Central Region
  • Mr. Kevin D. FossumExecutive Vice President of Property Management
  • Mr. Jon KuskieVice President of Sustainability & National Initiatives

Financials

Income Statement

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue124.40M377.60M622.10M564.01M579.31M593.25M621.97M604.88M588.84M541.64M536.38M554.50M566.25M584.77M555.72M574.17M525.97M533.18M535.02M528.71M563.77M577.76M570.32M564.99M
Growth (%)-+203.54%+64.75%-9.34%+2.71%+2.41%+4.84%-2.75%-2.65%-8.02%-0.97%+3.38%+2.12%+3.27%-4.97%+3.32%-8.40%+1.37%+0.35%-1.18%+6.63%+2.48%-1.29%-0.93%
Cost of Revenue24.80M110.30M186.20M214.56M227.03M212.18M221.28M229.81M217.87M208.71M212.93M222.98M239.44M242.00M218.93M220.63M209.34M211.38M214.93M210.93M226.06M235.09M234.12M682.05M
Gross Profit99.60M267.30M435.90M349.45M352.27M381.07M400.69M375.07M370.97M332.93M323.45M331.53M326.82M342.77M336.78M353.54M316.63M321.80M320.09M317.78M337.71M342.67M336.20M-117.06M
Gross Margin80.06%70.79%70.07%61.96%60.81%64.23%64.42%62.01%63.00%61.47%60.30%59.79%57.72%58.62%60.60%61.57%60.20%60.35%59.83%60.10%59.90%59.31%58.95%-20.72%
Operating Expense48.20M141.70M208.70M169.52M186.48M212.66M196.83M191.64M178.10M184.56M183.67M191.34M219.00M265.93M262.99M272.25M200.96M34.72M231.33M236.86M253.68M265.40M261.96M-196.50M
Operating Income51.40M125.60M227.20M179.93M165.79M168.41M203.85M183.43M192.86M148.37M139.78M140.19M107.82M76.84M73.79M81.30M115.67M287.08M88.76M80.92M84.03M77.26M74.24M79.44M
Operating Margin41.32%33.26%36.52%31.90%28.62%28.39%32.78%30.32%32.75%27.39%26.06%25.28%19.04%13.14%13.28%14.16%21.99%53.84%16.59%15.30%14.90%13.37%13.02%14.06%
EBITDA95.16M219.61M349.33M337.24M329.40M342.75M365.96M269.06M321.14M250.25M285.69M236.06M303.00M312.00M307.89M396.33M288.55M216.41M292.63M256.73M437.04M289.10M221.81M271.49M
EBITDA Margin76.50%58.16%56.15%59.79%56.86%57.77%58.84%44.48%54.54%46.20%53.26%42.57%53.51%53.35%55.40%69.03%54.86%40.59%54.69%48.56%77.52%50.04%38.89%48.05%
Net Income59.90M120.70M209.70M329.13M133.32M133.61M131.31M74.70M120.38M225.04M93.20M98.73M43.35M172.99M107.89M133.56M130.30M229.26M232.69M-1.15M146.83M-48.39M-79.07M-83.60M
Net Income Margin48.15%31.97%33.71%58.36%23.01%22.52%21.11%12.35%20.44%41.55%17.38%17.80%7.66%29.58%19.41%23.26%24.77%43.00%43.49%-0.22%26.04%-8.37%-13.86%-14.80%
R&D---------000000.010.230.250.430.4300.30.1--
R&D as % of Total Revenue---------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense4.64M18.49M42.68M49.32M61.33M63.87M74.85M77.74M72.76M65.82M65.02M75.94M74.45M74.00M64.86M68.12M61.02M61.59M54.99M51.29M65.66M101.26M122.98M128.00M
Interest Expense % of Total Revenue3.73%4.90%6.86%8.74%10.59%10.77%12.03%12.85%12.36%12.15%12.12%13.69%13.15%12.65%11.67%11.86%11.60%11.55%10.28%9.70%11.65%17.53%21.56%22.66%

Balance Sheet

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets57.52M4.93B5.12B4.40B4.45B4.58B4.56B4.40B4.37B4.45B4.25B4.67B4.80B4.43B4.45B4.00B3.59B3.52B3.74B3.93B4.09B4.06B4.11B4.03B
Total Liabilities393.58M962.90M1.21B1.40B1.59B1.69B1.86B1.79B1.60B1.67B1.61B2.20B2.48B2.24B2.27B2.01B1.88B1.70B1.84B2.14B2.24B2.33B2.53B2.53B
Total Equity1.84B3.96B3.91B2.99B2.85B2.88B2.70B2.60B2.77B2.77B2.64B2.46B2.31B2.20B2.18B1.99B1.71B1.82B1.90B1.79B1.85B1.72B1.59B1.50B
Cash45.46M64.50M51.10M48.97M44.13M65.02M20.33M10.00M56.72M139.69M12.96M6.97M12.31M5.44M6.99M7.38M4.57M13.54M7.33M7.42M16.54M825.00K109.64M731.00K
Total Debt248.19M677.00M954.70M1.04B1.24B1.30B1.52B1.52B1.40B1.47B1.90B2.36B2.28B2.06B2.21B1.75B1.89B1.49B1.96B2.17B2.33B2.10B2.51B2.27B
Net Debt202.73M612.50M903.60M991.29M1.20B1.24B1.50B1.51B1.35B1.33B1.40B2.00B2.27B2.02B2.01B1.72B1.68B1.47B1.61B1.87B1.97B2.09B2.40B2.27B

Cash Flow

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow112.00M247.20M328.90M270.89M278.95M282.53M296.51M281.54M275.75M270.34M223.25M215.08M215.88M217.33M235.81M242.81M202.87M208.48M193.28M242.20M215.22M210.13M198.11M140.56M
Investing Cash Flow-1.37B-2.22B-252.70M691.69M-188.40M-71.16M-191.93M-68.67M-80.19M33.73M-65.80M-495.83M-266.95M305.04M-119.87M240.61M323.78M134.38M-197.88M-368.93M-1.25M-196.02M-186.62M-175.35M
Financing Cash Flow1.23B1.99B-89.50M-953.27M-95.39M-190.49M-149.27M-223.21M-148.84M-221.10M-284.18M274.77M56.40M-529.24M-114.38M-482.87M-529.37M-333.51M-1.58M126.38M-203.23M-29.50M98.18M-75.31M
Capital Expenditure0000111.48M000114.15M215.61M108.49M175.99M168.89M118.67M110.23M79.83M72.11M103.55M112.58M122.63M121.36M158.19M212.11M157.24M
Free Cash Flow112.00M247.20M328.90M270.89M390.43M282.53M296.51M281.54M161.60M54.73M114.77M39.09M46.99M98.66M125.58M162.97M130.76M104.93M80.70M119.58M93.86M51.94M-14.00M-16.68M
Dividends Paid105.00M219.10M326.37M294.57M273.27M283.20M279.42M198.95M216.96M220.37M136.38M132.30M125.20M126.53M91.62M122.27M184.09M106.43M106.31M103.91M104.37M93.12M61.86M30.87M
FCF to OCF100.00%100.00%100.00%100.00%139.96%100.00%100.00%100.00%58.60%20.25%51.41%18.18%21.77%45.40%53.26%67.12%64.46%50.33%41.75%49.37%43.61%24.72%-7.06%-11.86%
Dividend Paid to FCF93.75%88.63%99.23%108.74%69.99%100.24%94.23%70.66%134.25%402.61%118.83%338.44%266.42%128.25%72.95%75.03%140.78%101.43%131.73%86.89%111.21%179.29%-442.01%-185.14%

Earnings

Report DateMar 31, 2005Jun 30, 2005Sep 30, 2005Dec 31, 2005Mar 31, 2006Jun 30, 2006Sep 30, 2006Dec 31, 2006Mar 31, 2007Jun 30, 2007Sep 30, 2007Dec 31, 2007Mar 31, 2008Jun 30, 2008Sep 30, 2008Dec 31, 2008Mar 31, 2009Jun 30, 2009Sep 30, 2009Mar 16, 2010May 11, 2010Aug 11, 2010Nov 10, 2010Feb 10, 2011May 5, 2011Aug 9, 2011Nov 3, 2011Feb 9, 2012May 3, 2012Aug 1, 2012Oct 31, 2012Feb 7, 2013May 2, 2013Aug 1, 2013Oct 31, 2013Feb 6, 2014Apr 30, 2014Jul 30, 2014Oct 29, 2014Feb 5, 2015Apr 29, 2015Jul 29, 2015Nov 9, 2015Feb 4, 2016May 2, 2016Aug 3, 2016Nov 1, 2016Feb 8, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Feb 7, 2018May 1, 2018Aug 1, 2018Oct 30, 2018Feb 5, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Feb 4, 2020Apr 29, 2020Jul 29, 2020Oct 29, 2020Feb 10, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Feb 7, 2022Apr 27, 2022Jul 27, 2022Nov 2, 2022Feb 8, 2023May 1, 2023Jul 18, 2023Oct 30, 2023Feb 7, 2024Apr 30, 2024Jul 31, 2024Oct 24, 2024Feb 5, 2025Apr 28, 2025Jul 28, 2025Oct 27, 2025Feb 11, 2026Apr 30, 2026Jul 28, 2026Oct 26, 2026
EPS Estimate--------------------0.130.160.190.180.170.140.130.120.100.090.120.100.110.100.100.130.060.050.060.050.110.070.070.130.080.070.070.080.060.090.110.120.100.100.090.120.100.080.090.110.090.070.060.040.060.040.080.080.070.060.060.03-0.01-0.01-0.04-0.02-0.09-0.05-0.05-0.03-0.07-0.04-0.05-0.05-0.030.370.39
EPS Actual0.321.400.220.210.200.180.310.660.320.180.180.150.230.190.200.200.180.18-0.050.180.190.170.230.170.200.130.130.100.110.120.060.120.130.090.120.030.040.070.060.070.060.060.110.860.070.550.070.070.100.160.87-0.210.420.090.130.350.400.060.071.290.071.520.070.180.080.080.09-0.260.490.060.030.61-0.01-0.02-0.14-0.23-0.22-0.08-0.09-0.24-0.08-0.14-0.11-0.35-0.100.38-
Surprise--------------------46.15%6.25%21.05%-5.56%17.65%-7.14%0.00%-16.67%10.00%33.33%-50.00%20.00%18.18%-10.00%20.00%-76.92%-33.33%40.00%0.00%40.00%-45.45%-14.29%57.14%561.54%-12.50%685.71%0.00%-12.50%66.67%77.78%690.91%-275.00%320.00%-10.00%44.44%191.67%300.00%-25.00%-22.22%1072.73%-22.22%2071.43%16.67%350.00%33.33%100.00%12.50%-425.00%600.00%0.00%-50.00%1933.33%0.00%-100.00%-250.00%-1050.00%-144.44%-60.00%-80.00%-684.31%-14.29%-250.00%-120.00%-600.00%-233.33%2.70%-
Timing---------------------Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap1.14B
Enterprise Value3.40B
Trailing P/E0.00
Forward P/E75.19
PEG Ratio16.74
Price / Sales2.00
Price / Book0.78
EPS-0.64
Book Value11.78
Revenue (TTM)569.43M
Gross Profit (TTM)341.79M
EBITDA269.19M
Profit Margin-14.18%
Operating Margin14.29%
Return on Equity-5.34%
Return on Assets1.19%
Shares Outstanding125.13M
Shares Float123.51M
Beta1.35
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 3 analystsTarget 10.75
  • Strong Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
95.47%
Insiders
1.31%
Retail / Other
3.22%

Top Institutional Holders

  • BlackRock Inc
    15.07M12.04%
  • Vanguard Portfolio Management, LLC
    12.49M9.98%
  • Cohen & Steers Inc
    8.09M6.46%
  • Vanguard Capital Management, LLC
    5.65M4.51%
  • State Street Corp
    5.31M4.24%
  • Wilsey Asset Management
    4.91M3.92%
  • Private Management Group Inc
    4.10M3.28%
  • LSV Asset Management
    3.84M3.07%
  • Wellington Management Company LLP
    3.35M2.68%
  • Geode Capital Management, LLC
    3.23M2.58%
  • Charles Schwab Investment Management Inc
    3.20M2.56%
  • Ameriprise Financial Inc
    2.27M1.81%
  • Two Sigma Investments LLC
    1.98M1.58%
  • Donald Smith & Co Inc
    1.94M1.55%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    4.70M3.76%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.03M3.22%
  • iShares Russell 2000 ETF
    3.26M2.60%
  • Vanguard Small Cap Index
    2.88M2.30%
  • DWS RREEF Real Assets Inst
    1.88M1.50%
  • Vanguard MStar Small Cap Value Index
    1.83M1.46%

Dividends

20251×
0.13Feb 21, 2025
20244×
0.13Nov 22, 20240.13Aug 23, 20240.13May 23, 20240.13Feb 22, 2024
20234×
0.13Nov 22, 20230.13Aug 24, 20230.21May 25, 20230.21Feb 23, 2023
20224×
0.21Nov 23, 20220.21Aug 25, 20220.21May 26, 20220.21Feb 24, 2022
20215×
0.21Nov 24, 20210.21Aug 26, 20210.21Jun 17, 20210.21May 27, 20210.21Feb 25, 2021
20204×
0.21Nov 25, 20200.21Aug 27, 20200.21May 28, 20200.21Feb 27, 2020
20192×
0.21Nov 27, 20190.21Aug 29, 2019

Stock Splits

  • Feb 10, 20101:12