Piedmont Office (PDM) AI Stock Analysis

• Market Cap: $1.02B
• Dividend Yield: 6.05%
• Average Volume (3M): 825.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: -1.23%
• EPS Growth: 9.10%
• Country: US
• Employees: 150
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): -0.11
• Shares Outstanding: 124,519,280
• 10 Day Avg. Volume: 921,596
• 30 Day Avg. Volume: 825,813
• PEG Ratio: -0.22
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 1.99
• P/FCF Ratio: -81.03
• Enterprise Value/Market Cap: 3.25
• Enterprise Value/Revenue: 7.82
• Enterprise Value/Gross Profit: 16.78
• Enterprise Value/Ebitda: 12.15
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.19
• Revenue Forecast (FY): $501.88M

• Rating: 53 Neutral
• Price Target: $8.50 ▼(-0.35% Downside)

Piedmont Office's overall stock score is primarily influenced by financial performance challenges, including declining revenues and profitability issues. While the earnings call provided positive sentiment with record leasing activity and increased rental rates, technical analysis indicates bearish momentum. The high dividend yield offers some valuation appeal, but the negative P/E ratio reflects ongoing profitability concerns.

Piedmont Office Business Overview & Revenue Model

Company Description

Piedmont Office (PDM) is a leading provider of commercial office space solutions, specializing in flexible workspace environments that cater to a diverse range of businesses. The company operates in the real estate sector, focusing primarily on leasing office spaces, coworking facilities, and virtual office services. With a commitment to enhancing productivity and collaboration, Piedmont Office offers a portfolio of modern workspaces equipped with state-of-the-art amenities designed to meet the evolving needs of today's workforce.

How the Company Makes Money

Piedmont Office generates revenue primarily through leasing and renting office spaces to businesses of varying sizes. Their revenue model includes long-term leases for traditional office spaces as well as short-term and flexible lease agreements for coworking spaces. Additionally, the company earns income from ancillary services such as meeting room rentals, office management services, and virtual office solutions. Significant partnerships with technology providers enhance their service offerings and attract a broader customer base, contributing to overall revenue growth. Seasonal promotions and strategic marketing initiatives also play a key role in driving occupancy rates and maximizing earnings.

Piedmont Office Financial Statement Overview

Summary

Piedmont Office faces significant financial challenges with declining revenues and profitability issues. The income statement shows a negative revenue growth rate and net profit margin, while the balance sheet indicates low leverage but negative returns on equity. Cash flow metrics reveal struggles in generating free cash flow, posing risks to financial stability.

Income Statement

Piedmont Office's income statement shows declining revenue with a negative revenue growth rate of -52.2% in the TTM period. The company has struggled with profitability, evidenced by a negative net profit margin of -12.1% and a declining gross profit margin. The EBIT and EBITDA margins have also decreased, indicating operational challenges.

Balance Sheet

The balance sheet reflects a relatively low debt-to-equity ratio of 0.12 in the TTM period, indicating low leverage compared to previous years. However, the return on equity is negative, suggesting inefficiencies in generating returns from equity. The equity ratio remains stable, showing a solid equity base.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow growth, with a rate of -125.7% in the TTM period. The operating cash flow to net income ratio is positive, but the free cash flow to net income ratio is low, indicating challenges in converting income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	426.21M	570.32M	577.76M	563.77M	528.71M	535.02M
Gross Profit	198.65M	336.20M	342.67M	337.71M	317.78M	320.09M
EBITDA	274.40M	252.13M	231.06M	234.41M	218.14M	292.63M
Net Income	-70.34M	-79.07M	-48.39M	146.83M	-1.15M	232.69M
Balance Sheet
Total Assets	3.43B	4.11B	4.06B	4.09B	3.93B	3.74B
Cash, Cash Equivalents and Short-Term Investments	2.99M	109.64M	4.21M	16.54M	7.42M	7.33M
Total Debt	189.74M	2.26B	2.05B	1.98B	1.88B	1.62B
Total Liabilities	2.47B	2.53B	2.33B	2.24B	2.14B	1.84B
Stockholders Equity	1.54B	1.59B	1.72B	1.85B	1.79B	1.90B
Cash Flow
Free Cash Flow	82.55M	-14.00M	51.94M	93.86M	119.58M	80.70M
Operating Cash Flow	154.67M	198.11M	210.13M	215.22M	242.20M	193.28M
Investing Cash Flow	-206.24M	-186.62M	-196.02M	-1.25M	-368.93M	-197.88M
Financing Cash Flow	-77.26M	98.18M	-29.50M	-203.23M	126.38M	-1.58M

Piedmont Office Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.53
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PDM, the sentiment is Positive. The current price of 8.53 is above the 20-day moving average (MA) of 8.24, below the 50-day MA of 8.53, and above the 200-day MA of 7.63, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 47.80 is Neutral, neither overbought nor oversold. The STOCH value of 38.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PDM.

Piedmont Office Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DEA	58 Neutral	$991.33M	70.86	1.00%	9.38%	11.02%	-30.91%
PDM	53 Neutral	$1.02B	―	-4.45%	6.05%	-1.23%	9.10%
PGRE	53 Neutral	$1.56B	―	-3.14%	―	-5.29%	54.66%
HPP	46 Neutral	$925.66M	―	-14.02%	―	-8.02%	-15.88%
JBGS	46 Neutral	$1.37B	―	-10.10%	3.75%	-11.04%	-58.49%
BDN	45 Neutral	$574.91M	-3.07	-19.17%	15.63%	-5.52%	40.27%

Piedmont Office Corporate Events

Piedmont Office Realty Trust Reports Q3 2025 Earnings

Piedmont Office Realty Trust is a real estate investment trust (REIT) that specializes in the ownership, management, development, and operation of Class A office properties, primarily located in major U.S. Sunbelt markets.

Piedmont Office Realty Trust’s Positive Earnings Call Highlights

Piedmont Office Realty Trust’s recent earnings call exuded a strong positive sentiment, underscored by significant leasing activity and increased rental rates. The company celebrated strategic achievements in sustainability, although it acknowledged challenges in certain markets and delays in key lease renewals.

Piedmont Office Amends Loan Agreements for Financial Flexibility

On September 16, 2025, Piedmont Operating Partnership, a subsidiary of Piedmont Realty Trust, amended its Revolving Credit and Term Loan Agreements to eliminate the credit spread adjustment from SOFR-based interest rates. This strategic financial adjustment could potentially impact Piedmont’s borrowing costs and financial flexibility, influencing its operations and positioning in the real estate market.

The most recent analyst rating on (PDM) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Piedmont Office stock, see the PDM Stock Forecast page.

Piedmont Office Files New Shelf Registration Statement

Piedmont Realty Trust, Inc., on July 30, 2025, filed a new shelf registration statement with the SEC to replace its previous one, allowing the issuance of debt and equity securities. The company also amended its Equity Distribution Agreement with several financial institutions to maintain its ability to issue equity through an at-the-market program, enabling potential sales of up to $250 million in common stock. This move provides Piedmont with flexibility in funding options, depending on market conditions and other factors, without obligating the company to sell any shares immediately.

The most recent analyst rating on (PDM) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Piedmont Office stock, see the PDM Stock Forecast page.

Piedmont Realty Trust Reports Q2 2025 Financial Results

Piedmont Office Realty Trust, Inc., a Maryland-based real estate investment trust (REIT), specializes in owning, managing, and developing high-quality Class A office properties primarily in major U.S. Sunbelt markets. The company operates through its wholly-owned subsidiary, Piedmont Operating Partnership, L.P.

Piedmont Realty Trust’s Earnings Call Highlights Leasing Success

The recent earnings call for Piedmont Office Realty Trust presented a generally positive sentiment, highlighting significant leasing success and favorable market trends. Despite challenges such as increased interest expenses affecting earnings per share and slower market performance in Boston and Washington D.C., the positive leasing activity and market conditions were emphasized as outweighing these negative aspects.