Piedmont Office (PDM) AI Stock Analysis

• Market Cap: $959.93M
• Dividend Yield: 6.54%
• Average Volume (3M): 875.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: -6.74%
• EPS Growth: 17.44%
• Country: US
• Employees: 150
• Sector: Real Estate
• Sector Strength: 59
• Industry: REIT - Office
• EPS (TTM): -0.14
• Shares Outstanding: 124,504,130
• 10 Day Avg. Volume: 1,075,995
• 30 Day Avg. Volume: 875,755
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 3.24
• Enterprise Value/Revenue: 7.31
• Enterprise Value/Gross Profit: -89.35
• Enterprise Value/Ebitda: 14.66
• 1Y Price Target: $8.00
• Price Target Upside: 4.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 57 Neutral
• Price Target: $8.00 ▲(4.71% Upside)

The overall stock score is primarily influenced by significant financial challenges and a negative P/E ratio, indicating potential risks. Positive leasing achievements and increased guidance provide some optimism, but are offset by higher interest expenses and operational difficulties in certain markets.

Piedmont Office Business Overview & Revenue Model

Company Description

Piedmont Office Realty Trust, Inc. (PDM) is a real estate investment trust (REIT) focused on owning, operating, and managing high-quality, Class A office properties in major U.S. markets. The company's portfolio primarily consists of large office buildings situated in key submarkets with strong economic fundamentals and demand for commercial real estate. Piedmont's strategic focus is on acquiring and managing properties that offer stable income and potential for growth through leasing and asset management initiatives.

How the Company Makes Money

Piedmont Office Realty Trust makes money primarily through leasing office space in its portfolio of properties to a diverse range of tenants including corporations, government agencies, and other entities. Rental income from these leases constitutes the majority of the company's revenue. Additionally, Piedmont may engage in strategic property sales and acquisitions to optimize its portfolio, which can also contribute to its earnings. The company focuses on maintaining high occupancy rates and attracting long-term tenants to ensure a steady revenue stream. Partnerships with property management firms and local economic development organizations may enhance Piedmont's ability to attract and retain high-quality tenants, thus supporting its financial performance.

Piedmont Office Financial Statement Overview

Summary

Piedmont Office faces significant financial challenges, with a negative net income, declining EBIT and EBITDA margins, and a negative gross profit margin. The balance sheet is moderately stable but is undermined by negative returns on equity. Cash flow analysis shows pressure with a notable decline in free cash flow.

Income Statement

Piedmont Office's income statement reveals challenges in achieving profitability, with a negative net income in the TTM period and declining EBIT and EBITDA margins. The gross profit margin has turned negative, indicating pressure on cost management or revenue generation. Revenue growth is inconsistent, with a significant drop recently, reflecting operational difficulties.

Balance Sheet

The balance sheet shows moderate stability with a reasonable debt-to-equity ratio and a positive equity ratio, implying the company is not overly leveraged. However, the return on equity is negative due to persistent net losses, raising concerns about shareholder value creation.

Cash Flow

Cash flow analysis indicates pressure on free cash flow, with a notable decline in the TTM period. The operating cash flow remains positive, but the free cash flow to net income ratio is unfavorable due to negative net income. This suggests challenges in converting earnings into cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	570.32M	577.76M	563.77M	528.71M	535.02M
Gross Profit	336.20M	340.72M	337.71M	317.78M	320.09M
EBITDA	270.46M	231.06M	234.41M	218.14M	491.54M
Net Income	-79.07M	-48.39M	272.58M	-62.65M	175.11M
Balance Sheet
Total Assets	4.11B	4.06B	4.09B	3.93B	3.74B
Cash, Cash Equivalents and Short-Term Investments	109.64M	825.00K	16.54M	7.42M	7.33M
Total Debt	2.26B	2.05B	1.98B	1.88B	1.62B
Total Liabilities	2.53B	2.33B	2.24B	2.14B	1.84B
Stockholders Equity	1.59B	1.72B	1.85B	1.79B	1.90B
Cash Flow
Free Cash Flow	-14.00M	51.94M	93.86M	119.58M	80.70M
Operating Cash Flow	198.11M	210.13M	215.22M	242.20M	193.28M
Investing Cash Flow	-186.62M	-196.02M	-1.25M	-368.93M	-197.88M
Financing Cash Flow	98.18M	-29.50M	-203.23M	126.38M	-1.58M

Piedmont Office Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 7.64 is above the 20-day moving average (MA) of 7.53, above the 50-day MA of 7.46, and below the 200-day MA of 7.90, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 74.18 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
DEA	71 Outperform	$1.01B	56.42	1.28%	9.12%	6.06%	-15.10%
PGRE	66 Neutral	$1.55B	―	-2.52%	0.56%	-1.68%	63.27%
Sector *	63 Neutral	$6.81B	13.54	-1.43%	7.28%	4.64%	-34.02%
JBGS	58 Neutral	$2.53B	―	-9.19%	3.52%	-11.33%	-22.04%
PDM	57 Neutral	$959.93M	―	-4.27%	6.54%	-6.74%	17.44%
ELME	56 Neutral	$1.45B	―	-1.31%	4.35%	4.59%	73.38%
BDN	49 Neutral	$712.54M	―	-29.94%	14.85%	-3.05%	-94.96%

Piedmont Office Corporate Events

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 Office Rebrands to Piedmont Realty Trust

On June 6, 2025, Piedmont Office Realty Trust, Inc. officially changed its name to Piedmont Realty Trust, Inc. as part of a rebranding initiative to better align with its strategic focus on creating premium workspaces known as Piedmont PLACEs. This rebranding reflects the company’s commitment to transforming traditional office environments into spaces that promote collaboration and community, with no changes to its stock trading symbol or CUSIP. The name change aims to enhance the company’s market positioning by emphasizing its dedication to providing elevated service and cohesive client experiences.

The most recent analyst rating on (PDM) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Piedmont Office stock, see the PDM Stock Forecast page.

Piedmont Office Holds 2025 Virtual Annual Meeting

On May 15, 2025, Piedmont Office held its 2025 Annual Meeting virtually, where stockholders elected several individuals to its board of directors for one-year terms expiring in 2026. Additionally, stockholders ratified the appointment of Deloitte and Touche, LLP, as independent registered public accountants for the fiscal year ended December 31, 2025, and approved the compensation of named executive officers on an advisory basis.

The most recent analyst rating on (PDM) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Piedmont Office stock, see the PDM Stock Forecast page.