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Piedmont Office Realty Trust, Inc. logo

Piedmont Office Realty Trust, Inc.

PDM

NYSEReal EstateREIT - Office

Open in GoAI

Previous close

$9.65

−$0.08 · -0.82%

Aug 21, 4:00 PM ET

Pre-market

$9.58

−$0.07 · -0.73%

Aug 24, 5:49 AM ET

PDM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

47

Neutral

Sentiment

63

Bullish

Risk resilience

67

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Industry
REIT - Office
Sector
Real Estate
Headquarters
US

Market position

Day range

Current $9.65

52-week range

Current $9.65

Open
$9.725
Previous close
$9.73
Volume
631.95K
Market cap
1.21B USD
50-day average
$9.4628
+1.98% above average
200-day average
$8.3721
+15.26% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.31B USD
P/E (TTM)
-14.88×
P/B (TTM)
0.82×
P/S (TTM)
2.12×
EV / EBITDA
12.2×
Earnings yield
-8.06%
Free cash flow yield
-1.61%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
28.65%
Operating margin
23.29%
Net margin
-14.17%
Return on equity
-5.59%
Return on assets
-2.07%
Return on invested capital
2.03%

Financial health

Debt / equity
1.54×
Current ratio
2×
Altman Z-score
-0.29
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends68%36%4%-29%Gross margin, FY2021: 60.10%Gross margin, FY2022: 59.90%Gross margin, FY2023: 59.31%Gross margin, FY2024: 58.95%Gross margin, FY2025: -20.72%Operating margin, FY2021: 15.30%Operating margin, FY2022: 14.90%Operating margin, FY2023: 13.37%Operating margin, FY2024: 13.02%Operating margin, FY2025: 14.06%Net margin, FY2021: -0.22%Net margin, FY2022: 26.04%Net margin, FY2023: -8.37%Net margin, FY2024: -13.86%Net margin, FY2025: -14.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 60.10%. Gross margin FY2022 59.90%. Gross margin FY2023 59.31%. Gross margin FY2024 58.95%. Gross margin FY2025 -20.72%. Operating margin FY2021 15.30%. Operating margin FY2022 14.90%. Operating margin FY2023 13.37%. Operating margin FY2024 13.02%. Operating margin FY2025 14.06%. Net margin FY2021 -0.22%. Net margin FY2022 26.04%. Net margin FY2023 -8.37%. Net margin FY2024 -13.86%. Net margin FY2025 -14.80%.

Income trends

Revenue

564.99M USD-0.93%

Operating income

79.45M USD+7.01%

Net income

−83.6M USD-5.73%
Income trends across reported periods643.89M USD379.35M USD114.81M USD−149.74M USDRevenue, FY2021: 528.71M USDRevenue, FY2022: 563.77M USDRevenue, FY2023: 577.76M USDRevenue, FY2024: 570.32M USDRevenue, FY2025: 564.99M USDOperating income, FY2021: 80.92M USDOperating income, FY2022: 84.03M USDOperating income, FY2023: 77.26M USDOperating income, FY2024: 74.24M USDOperating income, FY2025: 79.45M USDNet income, FY2021: −1.15M USDNet income, FY2022: 146.83M USDNet income, FY2023: −48.39M USDNet income, FY2024: −79.07M USDNet income, FY2025: −83.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 528.71M USD. Revenue FY2022 563.77M USD. Revenue FY2023 577.76M USD. Revenue FY2024 570.32M USD. Revenue FY2025 564.99M USD. Operating income FY2021 80.92M USD. Operating income FY2022 84.03M USD. Operating income FY2023 77.26M USD. Operating income FY2024 74.24M USD. Operating income FY2025 79.45M USD. Net income FY2021 −1.15M USD. Net income FY2022 146.83M USD. Net income FY2023 −48.39M USD. Net income FY2024 −79.07M USD. Net income FY2025 −83.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue564.99M USD570.32M USD577.76M USD563.77M USD528.71M USD
Cost of goods sold682.05M USD234.12M USD235.09M USD226.06M USD210.93M USD
Gross profit−117.06M USD336.2M USD342.67M USD337.71M USD317.78M USD
Selling, general, and administrative30.59M USD35.42M USD29.19M USD29.13M USD30.25M USD
Operating expenses−196.5M USD261.96M USD265.4M USD253.68M USD236.86M USD
Interest expense128.01M USD122.98M USD101.26M USD65.66M USD51.29M USD
Depreciation and amortization227.09M USD177.89M USD236.21M USD224.55M USD206.61M USD
Operating income79.45M USD74.24M USD77.26M USD84.03M USD80.92M USD
Net income−83.6M USD−79.07M USD−48.39M USD146.83M USD−1.15M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 10 misses, 1 met estimate
Average EPS surprise
-199.26%
11 comparable reports
Latest EPS result
-0.09
Estimate -0.06 · Miss by 49.53%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.410.18-0.06-0.29Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MetQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual -0.24, estimate -0.04, surprise -500.00%, Miss. Q2 2025, reported Apr 28, 2025: actual -0.08, estimate 0.35, surprise -122.86%, Miss. Q3 2025, reported Jul 28, 2025: actual 0.14, estimate 0.35, surprise -60.00%, Miss. Q4 2025, reported Oct 27, 2025: actual 0.11, estimate 0.34, surprise -67.65%, Miss. Q1 2026, reported Feb 11, 2026: actual 0.35, estimate 0.35, surprise 0.00%, Met estimate. Q2 2026, reported Apr 30, 2026: actual -0.1, estimate 0.36, surprise -127.78%, Miss. Q3 2026, reported Jul 28, 2026: actual -0.09, estimate -0.06, surprise -49.53%, Miss. Q4 2026, reported Oct 26, 2026: actual —, estimate -0.057, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates151.36M135.88M120.4M104.93MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 143.23M USD, estimate 126.92M USD, surprise +12.85%, Beat. Q2 2025, reported Apr 28, 2025: actual 136.06M USD, estimate 125.75M USD, surprise +8.20%, Beat. Q3 2025, reported Jul 28, 2025: actual 111.13M USD, estimate 126.48M USD, surprise -12.14%, Miss. Q4 2025, reported Oct 27, 2025: actual 110.75M USD, estimate 123.82M USD, surprise -10.55%, Miss. Q1 2026, reported Feb 11, 2026: actual 111.99M USD, estimate 139.55M USD, surprise -19.75%, Miss. Q2 2026, reported Apr 30, 2026: actual 136.44M USD, estimate 128.67M USD, surprise +6.04%, Beat. Q3 2026, reported Jul 28, 2026: actual 144.12M USD, estimate 133.68M USD, surprise +7.81%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 145.53M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

11 ratings
Strong buy00%
Buy327%
Hold764%
Sell19%
Strong sell00%

Recent analyst actions

3 institutions

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.50

2024 complete year-40.5% since 2020

Corporate action history

Dividend

Ex-dividend Feb 21, 2025

$0.125

Quarterly

Record Feb 21, 2025 · Payment Mar 14, 2025

Dividend

Ex-dividend Nov 22, 2024

$0.125

Quarterly

Record Nov 22, 2024 · Payment Jan 2, 2025

Dividend

Ex-dividend Aug 23, 2024

$0.125

Quarterly

Record Aug 23, 2024 · Payment Sep 20, 2024

Dividend

Ex-dividend May 23, 2024

$0.125

Quarterly

Record May 24, 2024 · Payment Jun 14, 2024

Dividend

Ex-dividend Feb 22, 2024

$0.125

Quarterly

Record Feb 23, 2024 · Payment Mar 15, 2024

Dividend

Ex-dividend Nov 22, 2023

$0.125

Quarterly

Record Nov 24, 2023 · Payment Jan 2, 2024

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ETFs holding PDM

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
46.09M
Weight
0.06%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
39.17M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
31.67M
Weight
0.04%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
27.81M
Weight
0.02%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
17.69M
Weight
0.03%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
14.01M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Cohen & Steers Real Estate Active ETF logoCohen & Steers Real Estate Active ETFCSRE
Market value
11.62M
Weight
2.09%
AUM
104.94M USD
Expense ratio
0.70%
Price / 1D
$29.04-0.17%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
11.43M
Weight
0.08%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%

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