Piedmont Realty Trust, Inc.
Piedmont Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $565.0 million, down 0.93% from fiscal 2024. In the quarter to June 2026, revenue grew 2.73%, EPS grew 35.7%, free cash flow fell 9.08% and total debt rose 3.36%, each against the same quarter a year earlier.
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Piedmont Realty Trust, Inc. (PDM) Piotroski F-score
Piedmont Realty Trust, Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 0.00 |
| FY2024 | 3 | 0.00 |
| FY2023 | 3 | (3.00) |
| FY2022 | 6 | 1.00 |
| FY2021 | 5 | 2.00 |
| FY2020 | 3 | (4.00) |
| FY2019 | 7 | 0.00 |
| FY2018 | 7 | (2.00) |
| FY2017 | 9 | 4.00 |
| FY2016 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (2.05%) | (1.94%) | Fail | 0 |
| Positive operating cash flow | 140.57m | 198.11m | Pass | 1 |
| Rising return on assets | (2.05%) | (1.94%) | Fail | 0 |
| Cash flow above net income | 224.19m | 277.18m | Pass | 1 |
| Falling long-term leverage | 0.55 | 0.54 | Fail | 0 |
| Rising current ratio | 1.30 | 2.10 | Fail | 0 |
| No new shares issued | 124,435,000 | 123,939,000 | Fail | 0 |
| Rising gross margin | 59.67% | 58.95% | Pass | 1 |
| Rising asset turnover | 0.14 | 0.14 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| PSTL Postal Realty Trust, Inc. compare | 6 |
| HPP Hudson Pacific Properties, Inc. compare | 6 |
| DEA Easterly Government Properties, Inc. compare | 6 |
| HIW Highwoods Properties, Inc. compare | 6 |
| KRC Kilroy Realty Corporation compare | 5 |
| DEI Douglas Emmett, Inc. compare | 4 |
| PDM Piedmont Realty Trust, Inc. | 3 |
| BDN Brandywine Realty Trust compare | 3 |
| SLG SL Green Realty Corporation compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover