| Market cap | $1.15B |
|---|---|
| Enterprise value | $2.96B |
| Revenue | $579.927M |
|---|---|
| EBITDA | $314.072M |
| Income | -$74.78 |
| Revenue Q/Q | 1.52% |
| Revenue Y/Y | 1.74% |
| P/E | N/A |
|---|---|
| Forward P/E | -360.00 |
| EV/Sales | 5.10 |
| EV/EBITDA | 9.42 |
| EV/EBIT | 86.73 |
| PEG | 7.88 |
| Price/Sales | 1.99 |
| P/FCF | 17.51 |
| Price/Book | 0.67 |
| Book/Share | 11.07 |
| Cash/Share | 0.03 |
| FCF yield | 6.97% |
| Volume | 628.818k / N/A |
|---|---|
| Relative vol. | N/A |
| EPS | N/A |
|---|---|
| EPS Q/Q | -25.00% |
| Est. EPS Q/Q | -11.11% |
| Profit margin | -8.37% |
|---|---|
| Oper. margin | 5.31% |
| Gross margin | 59.31% |
| EBIT margin | 5.88% |
| EBITDA margin | 54.16% |
| Ret. on assets | -1.84% |
|---|---|
| Ret. on equity | -4.30% |
| ROIC | 1.30% |
| ROCE | 0.85% |
| Debt/Equity | 1.36 |
|---|---|
| Net debt/EBITDA | 26.08 |
| Current ratio | 0.47 |
| Quick ratio | 0.40 |
| Volatility | 2.78% |
|---|---|
| Beta | 1.93 |
| RSI | 58.11 |
|---|
| Insider ownership | 0.92% |
|---|---|
| Inst. ownership | 85.80% |
| Shares outst. | 123.891M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 3.40% |
| Short ratio | 2.18 |
| Dividend | $0.50 |
|---|---|
| Dividend yield | 6.90% |
| Payout ratio | 152.27% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 16 Jul 2024 |
Monday, 30 October 2023
|
|
| Piedmont Office Realty Trust Inc Reports Q3 2023 Earnings | |
Friday, 5 August 2022
|
|
| Insiders who bought stock earlier this year lose -US$50k as Piedmont Office Realty Trust, Inc. drops to US$1.6b | |
Thursday, 28 July 2022
|
|
| Piedmont Office Realty Trust Q2 2022 Earnings Call Transcript | |
Friday, 30 July 2021
|
|
| Piedmont Office Realty Trust Q2 2021 Earnings Call Transcript | |
Thursday, 29 April 2021
|
|
| Piedmont Office Realty Trust Q1 2021 Earnings Call Transcript | |
Wednesday, 28 April 2021
|
|
| Piedmont Office Q1 FFO Beat Estimates | |
Monday, 14 December 2020
|
|
| Is PDM A Good Stock To Buy Now? | |
Friday, 14 August 2020
|
|
| Is Piedmont Office a Good Value Investor Stock Now? | |
Tuesday, 11 August 2020
|
|
| Piedmont Office Realty Trust, Inc.'s Stock Is Going Strong: Is the Market Following Fundamentals? | |
| Reflecting on Piedmont Office Realty Trust's Share Price Returns Over The Last Three Years | |
Friday, 31 July 2020
|
|
| Piedmont Office Realty Trust Q2 2020 Earnings Call Transcript | |
Wednesday, 29 July 2020
|
|
| Piedmont Office Lags Q2 FFO and Revenue Estimates | |
Monday, 15 June 2020
|
|
| Is Piedmont Office Realty Trust, Inc. Going to Burn These Hedge Funds? | |
Thursday, 21 May 2020
|
|
| 3 Top Dividend Stocks to Maximize Your Retirement Income - May 20, 2020 | |
Thursday, 30 April 2020
|
|
| Piedmont Office Realty Trust Inc Q1 2020 Earnings Call Transcript | |
Wednesday, 29 April 2020
|
|
| Piedmont Office Matches Q1 FFO Estimates | |
Tuesday, 7 April 2020
|
|
| Hedge Funds Are Buying Piedmont Office Realty Trust, Inc. | |
Wednesday, 1 April 2020
|
|
| Piedmont Office Realty Trust Sees Hammer Chart Pattern: Time to Buy? | |
Tuesday, 31 March 2020
|
|
| Analyst Forecasts Just Got A Whole Lot More Bearish On Piedmont Office Realty Trust, Inc. | |
Tuesday, 24 March 2020
|
|
| Terreno Realty Executes Lease for Carson Property | |
Wednesday, 4 March 2020
|
|
| Independence Blue Cross tower comes up for sale | |
Friday, 14 February 2020
|
|
| How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks - February 14, 2020 | |
Saturday, 8 February 2020
|
|
| Edited Transcript of PDM earnings conference call or presentation 5-Feb-20 3:00pm GMT | |
Friday, 7 February 2020
|
|
| Piedmont Office Realty Trust, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Jeffrey L. Swope Director | Option 7 May 2024 | $105,779 |
| Frank C Mcdowell Director | Option 7 May 2024 | $105,779 |
| Dale H. Taysom Director | Option 7 May 2024 | $105,779 |
| Barbara B Lang Director | Option 7 May 2024 | $105,779 |
| Mary M. Hager Director | Option 7 May 2024 | $105,779 |
| Venkatesh S. Durvasula Director | Option 7 May 2024 | $105,779 |
| Glenn Gary Cohen Director | Option 7 May 2024 | $105,779 |
| Kelly Hefner Barrett Director | Option 7 May 2024 | $105,779 |
| Robert K Wiberg EVP-NE Reg and Head of Development | Option 23 Feb 2024 | $22,693 |
| George M. Wells EVP- COO | Option 23 Feb 2024 | $32,419 |
| Laura P Moon SVP- CAO | Option 23 Feb 2024 | $16,210 |
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Price target
Current $7.41
Average $18.67
Low $18
High $20
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -20.24% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 6.90% | Growth period | N/A |
| Last dividend date | Yield 3 years | 8.49% | Growth 3 years | -7.26% | |
| Last dividend | Yield 5 years | 7.05% | Growth 5 years | -4.42% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| C. Brent Smith (44) President, Chief Executive Officer, and Director since 2019 | 44 | 2019 | $5,194,880 |
| Robert Bowers (63) Chief Financial Officer and Executive Vice President since 2014 | 63 | 2014 | $2,191,090 |
| Christopher Brent Smith (45) Pres, CEO, and Director | 45 | $1,219,686 | |
| Christopher Kollme (49) Executive Vice President - Finance and Strategy since 2017 | 49 | 2017 | $1,169,630 |
| Robert Wiberg (63) Executive Vice President - Northeast Region and Head of Development since 2019 | 63 | 2019 | $1,079,880 |
| Thomas Prescott (62) Executive Vice President—Midwest Region since 2014 | 62 | 2014 | $1,009,880 |
| Robert E. Bowers (64) CFO, Exec. VP, and Chief Admin. Officer | 64 | $811,186 | |
| Christopher A. Kollme (50) Exec. VP of Investments | 50 | $606,936 | |
| George M. Wells (58) Exec. VP and COO | 58 | $576,186 | |
| Robert K. Wiberg (65) Exec. VP of Northeast Region and Co-Head of Devel. | 65 | $559,686 | |
| Frank McDowell (71) Independent Chairman of the Board since 2017 | 71 | 2017 | $225,625 |
| Kelly Barrett (55) Independent Director since 2016 | 55 | 2016 | $171,875 |
| Jeffrey Swope (69) Independent Director since 2008 | 69 | 2008 | $165,000 |
| Wesley Cantrell (85) Independent Director since 2007 | 85 | 2007 | $165,000 |
| Dale Taysom (71) Independent Vice Chairman of the Board since 2017 | 71 | 2017 | $162,500 |
| Barbara Lang (76) Independent Director since 2015 | 76 | 2015 | $155,000 |
| Alex Valente (35) Executive Vice President - Southeast Region since 2019 | 35 | 2019 | |
| Edward Guilbert (44) Executive Vice President - Finance, Treasurer, and Assistant Secretary since 2019 | 44 | 2019 | |
| Glenn Cohen (56) Independent Director since 2020 | 56 | 2020 | |
| Laura Moon (49) Chief Accounting Officer and Senior Vice President since 2007 | 49 | 2007 | |
| George Wells (57) Executive Vice President - Real Estate Operations since 2019 | 57 | 2019 | |
| Joseph Pangburn (59) Executive Vice President - Southwest Region since 2014 | 59 | 2014 | |
| Joseph H. Pangburn (60) Exec. VP of Southwest Region | 60 | ||
| Laura P. Moon (50) Chief Accounting Officer and Sr. VP | 50 | ||
| Lisa M. Tyler | |||
| Thomas A. McKean | |||
| Edward H. Guilbert III (45) Exec. VP of Fin., Treasurer, and Assistant Sec. | 45 |
piedmont office realty trust, inc. (nyse: pdm) is a fully integrated and self-managed real estate investment trust (reit) specializing in the ownership and management of high-quality class a office buildings located primarily in the ten largest u.s. office markets, including chicago, washington, d. c., new york, dallas, los angeles, and boston. piedmont's wholly-owned office buildings comprise approximately 21 million rentable square feet. the company is headquartered in atlanta, ga, with local management offices in each of its major markets. investment-grade rated by standard & poor's (bbb) and moody's (baa2), piedmont has maintained a low-leverage strategy while transacting almost $6 billion and approximately $1.5 billion in property acquisitions and dispositions, respectively, during its fifteen year operating history.
- Real Estate > Office REITs
- Piedmont Office Realty Trust Inc, 5565 Glenridge Connector, Atlanta 30342, United States
- 770-418-8800
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -20.24% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 6.90% | Growth period | N/A |
| Last dividend date | Yield 3 years | 8.49% | Growth 3 years | -7.26% | |
| Last dividend | Yield 5 years | 7.05% | Growth 5 years | -4.42% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $7.765 | $4.206 | |||
| Short term investments | |||||
| Net receivables | $195.088 | $191.754 | |||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $3,452.475 | $3,512.527 | |||
| Goodwill & intangible assets | $53.491 | $53.491 | |||
| Total noncurrent assets | |||||
| Total investments | |||||
| Total assets | $3,993.996 | $4,057.082 | |||
| Current liabilities | |||||
| Accounts payable | $106.638 | $131.516 | |||
| Deferred revenue | $95.139 | $89.93 | |||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $2,070.07 | $2,054.596 | |||
| Total liabilities | $2,312.084 | $2,334.11 | |||
| Stockholders' equity | |||||
| Retained earnings | -$2,030.389 | -$1,987.147 | |||
| Other stockholder equity | -$8.09 | -$9.418 | |||
| Total stockholder equity | $1,680.359 | $1,721.414 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $4.206 | $19.6 | ||
| Short term investments | ||||
| Net receivables | $191.754 | $176.781 | ||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $3,512.527 | $3,500.624 | ||
| Goodwill & intangible assets | $53.491 | $82.937 | ||
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $4,057.082 | $4,085.525 | ||
| Current liabilities | ||||
| Accounts payable | $131.516 | $110.306 | ||
| Deferred revenue | $89.93 | $59.977 | ||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $2,054.596 | $1,983.681 | ||
| Total liabilities | $2,334.11 | $2,236.27 | ||
| Stockholders' equity | ||||
| Retained earnings | -$1,987.147 | -$1,855.893 | ||
| Other stockholder equity | -$9.418 | -$8.679 | ||
| Total stockholder equity | $1,721.414 | $1,847.667 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $144.538 | $145.331 | |||
| Cost of revenue | $59.444 | $59.085 | |||
| Gross profit | $85.094 | $86.246 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $7.612 | $7.177 | |||
| Total operating expenses | $83.033 | $87.934 | |||
| Operating income | $2.061 | -$1.688 | |||
| Income from continuing operations | |||||
| EBIT | $1.951 | $0.401 | |||
| Income tax expense | |||||
| Interest expense | $29.714 | $28.431 | |||
| Net income | |||||
| Net income | -$27.763 | -$28.03 | |||
| Income (for common shares) | -$27.763 | -$28.03 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $577.756 | $563.766 | ||
| Cost of revenue | $235.091 | $226.058 | ||
| Gross profit | $342.665 | $337.708 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $29.19 | $29.127 | ||
| Total operating expenses | $294.85 | $279.661 | ||
| Operating income | $47.815 | $58.047 | ||
| Income from continuing operations | ||||
| EBIT | $52.871 | $212.486 | ||
| Income tax expense | ||||
| Interest expense | $101.258 | $65.656 | ||
| Net income | ||||
| Net income | -$48.387 | $146.83 | ||
| Income (for common shares) | -$48.387 | $146.83 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | -$27.763 | -$28.03 | |||
| Operating activities | |||||
| Depreciation | $55.53 | $60.527 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $1.881 | $2.064 | |||
| Total cash flows from operations | $23.361 | $49.6 | |||
| Investing activities | |||||
| Capital expenditures | $7.245 | -$42.853 | |||
| Investments | |||||
| Total cash flows from investing | -$1.967 | -$59.025 | |||
| Financing activities | |||||
| Dividends paid | -$30.628 | -$0.336 | |||
| Sale and purchase of stock | |||||
| Net borrowings | $13.648 | $3.016 | |||
| Total cash flows from financing | -$17.835 | $2.604 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | $3.559 | -$6.821 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | -$48.387 | $146.83 | ||
| Operating activities | ||||
| Depreciation | $226.846 | $215.393 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $8.093 | $8.968 | ||
| Total cash flows from operations | $210.131 | $215.215 | ||
| Investing activities | ||||
| Capital expenditures | -$156.245 | -$94.879 | ||
| Investments | $118.5 | |||
| Total cash flows from investing | -$196.02 | -$1.247 | ||
| Financing activities | ||||
| Dividends paid | -$93.122 | -$104.374 | ||
| Sale and purchase of stock | ||||
| Net borrowings | $65.374 | -$93.954 | ||
| Total cash flows from financing | -$29.505 | -$203.228 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$15.394 | $10.74 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+66.67%
|
205 | $1,486 |
| 2024 Q1 | Strs Ohio |
-93.75%
|
22,100 | $155 |
| 2024 Q1 | Lsv Asset Management |
-1.56%
|
4,481,294 | $31,503 |
| 2024 Q1 | Amundi |
-27.29%
|
72,422 | $460,604 |
| 2024 Q1 | Bnp Paribas Financial Markets |
-29.12%
|
63,337 | $445,259 |
| 2023 Q4 | Van Eck Associates Corp |
+49.20%
|
20,683 | $147 |
| 2023 Q4 | Denali Advisors |
-0.17%
|
76,500 | $543,915 |
| 2023 Q3 | Greenleaf Trust |
Sold out
|
12,047 | $67,704 |
| 2023 Q3 | Putnam Investments |
-0.86%
|
75,394 | $423,714 |
| 2021 Q3 | First Mercantile Trust Co |
-4.90%
|
7,348 | $128 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Lsv Asset Management | 3.62% | 4,481,294 | |
| Tiaa Cref Investment Management | 0.21% | 265,643 | |
| Denali Advisors | 0.06% | 76,500 | |
| Putnam Investments | 0.06% | 75,394 | |
| Amundi | 0.06% | 72,422 | |
| Bnp Paribas Financial Markets | 0.05% | 63,337 | |
| Zebra Capital Management | 0.02% | 26,789 | |
| Strs Ohio | 0.02% | 22,100 | |
| Van Eck Associates Corp | 0.02% | 20,683 | |
| Public Employees Retirement Association Of Colorado | 0.02% | 20,468 |
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