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Piedmont Realty Trust, Inc.

PDM Real Estate Reit Office

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.

9.09 0.06 +0.66%
Market cap
$1.1B
P/E
0.0×
Fwd P/E
−142×
Dividend yield
0.00%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.04
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — 1
Insider Ownership 1.28%

Capital & Financial Ratios $m

Market Cap 1,130.00
Revenue 569.43
Net Income (80.71)
Free Cash Flow 31.69
Net Debt 2,229.19
Current Ratio 1.36
Debt/Equity 1.53
P/E ratio 0.00
Fwd P/E (142.00) (negative: loss-making)
P/S ratio 2.00
P/B ratio 0.77
Past 5Y EPS Growth —
This Y EPS Growth 64.88% (at or above 15%: strong)
Next Y EPS Growth 89.11% (at or above 15%: strong)
Next Y revenue growth 3.24%
Next 5Y EPS Growth 90.02% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.9×, against a ten-year median of 7.1×; over the ten years it ranged from 4.6× in 2023 to 9.6× in 2017.
P/S against its own 10 years 28.23%
10-year low 10-year high
P/B against its own 10 years 34.68%
10-year low 10-year high
EV/Sales against its own 10 years 33.62%
10-year low 10-year high
EV/FCF against its own 10 years 77.89%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 0.13
0.13
2024 0.50
0.13
0.13
0.13
0.13
2023 0.67
0.21
0.21
0.13
0.13
2022 0.84
0.21
0.21
0.21
0.21
2021 0.84
0.21
0.21
0.21
0.21
2020 0.84
0.21
0.21
0.21
0.21
2019 0.84
0.21
0.21
0.21
0.21
2018 0.84
0.21
0.21
0.21
0.21
2017 0.84
0.21
0.21
0.21
0.21
0.50
2016 0.84
0.21
0.21
0.21
0.21
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4 114 4 22
Receivables 191 199 220 231
Inventory — — — —
Other — — — —
195 313 224 253
2023 2024 2025 Q'26
Payables 132 149 173 185
ST’ Debt — — — —
Other — — — —
132 149 173 185

Compound Annual Growth %

10y 5y 3y
Sales (0.34%) 1.10% 0.07%
Cash Flow (4.54%) (6.17%) (13.24%)
Earnings 0.00% 0.00% 0.00%
Book Value (3.44%) (4.64%) (6.81%)

Revenue $m

Mar Jun Sep Dec Year
’26 143 144 — — —
’25 143 140 139 143 565
’24 145 143 139 143 570
’23 142 143 147 145 578
’22 136 136 144 147 564
’21 129 130 131 138 529
’20 137 135 132 132 535
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 28 64 — — —
’25 4 50 36 51 141
’24 23 67 43 65 198
’23 40 55 65 50 210
’22 40 52 72 51 215
’21 47 53 65 77 242
’20 47 44 48 54 193
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (10) 31 — — —
’25 (30) 34 2 10 15
’24 31 16 21 (7) 61
’23 4 19 24 7 54
’22 151 25 (235) 179 120
’21 21 24 36 (188) (106)
’20 (382) 372 23 11 24
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.10) (0.09) — — —
’25 (0.08) (0.14) (0.11) (0.35) (0.67)
’24 (0.22) (0.08) (0.09) (0.24) (0.64)
’23 (0.01) (0.02) (0.14) (0.23) (0.39)
’22 0.49 0.06 0.03 0.61 1.19
’21 0.08 0.08 0.09 (0.26) (0.01)
’20 0.07 1.52 0.07 0.18 1.85
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 16.93 19.10 16.43 16.69 11.26 15.10 8.72 4.91 5.93 5.46

Analyst estimates 2026–2028

Powerpack
High 22.28 23.08 20.57 22.58 24.78 20.35 19.84 11.37 11.12 9.25
People
People Employees 137 136 134 134 8,724 134 149 150 150 140
Revenue/emp, $m 4.06 4.22 3.93 3.98 0.06 3.95 3.78 3.85 3.80 4.04
Income, $m
Income, $m Revenue 556 574 526 533 535 529 564 578 570 565
Gross margin, % 60.27 61.26 60.20 60.35 59.83 60.10 59.90 59.31 58.95 59.67
EBT 6 134 130 229 233 (1) (5) (48) (79) (84)
EBT margin, % 1.13 23.26 24.77 43.00 43.49 (0.22) (0.87) (8.37) (13.86) (14.80)
Net income 100 134 130 229 233 (1) 147 (48) (79) (84)
Depreciation 204 195 166 178 197 203 219 233 228 232
Per share, $
Per share, $ Revenue 3.83 3.96 4.04 4.24 4.26 4.26 4.57 4.67 4.60 4.54
Earnings 0.74 0.92 1.00 1.82 1.85 (0.01) 1.19 (0.39) (0.64) (0.67)
Cash flow 1.60 1.67 1.56 1.66 1.54 1.95 1.74 1.70 1.60 1.13
Capex (0.65) 1.80 2.70 1.27 (1.35) (2.81) (0.77) (1.26) (1.11) (1.01)
Free cash flow 0.95 3.47 4.26 2.93 0.19 (0.86) 0.98 0.44 0.49 0.12
Book value 14.44 13.70 13.15 14.47 15.10 14.42 14.99 13.93 12.81 12.03
Shares, m 145 145 130 126 126 124 123 124 124 124
Valuation, ×
Valuation, × P/E 28.42 21.27 17.21 12.22 8.82 0.00 7.87 0.00 0.00 0.00
P/S 5.50 4.94 4.22 5.24 3.81 4.31 2.05 1.58 1.99 1.84
P/B 1.46 1.43 1.30 1.54 1.08 1.27 0.63 0.53 0.71 0.69
EV/Sales 9.10 7.94 7.41 7.99 6.83 7.84 5.53 5.13 5.69 5.77
EV/FCF 36.70 9.05 7.03 11.57 153.88 (38.97) 25.93 54.99 53.25 222.06
Cash, $m
Cash, $m Operating cash flow 232 243 203 208 193 242 215 210 198 141
Capex (94) 260 351 160 (170) (349) (95) (156) (137) (126)
Free cash flow 138 503 554 368 24 (106) 120 54 61 15
Balance, $m
Balance, $m Working capital 14 51 60 38 173 179 86 63 164 51
Total debt 2,020 1,727 1,685 1,481 1,622 1,878 1,984 2,055 2,222 2,225
Net debt 2,005 1,718 1,679 1,466 1,613 1,869 1,964 2,050 2,108 2,221
Shareholders’ equity 2,098 1,986 1,712 1,819 1,898 1,787 1,849 1,723 1,588 1,497
Returns, %
Returns, % ROA 2.28 3.19 3.43 6.45 6.41 (0.03) 3.66 (1.19) (1.94) (2.05)
ROIC 1.08 1.37 2.13 1.76 1.58 0.68 0.95 0.79 0.68 1.34
ROE 4.73 6.54 7.05 12.99 12.52 (0.06) 8.07 (2.71) (4.78) (5.42)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Piedmont Realty Trust, Inc. vs peers in Reit Office (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KRC Kilroy Realty Corporation $4.1B 24.4× 155× −6.04% (below 0%: shrinking) −70.69% (below 0%: shrinking) −83.18% (below 0%: shrinking) 65.29% 23.99% Compare
SLG SL Green Realty Corporation $3.6B — (loss-making) — (loss-making) +9.13% (above 0%: growing) n/m +7,443.12% (above 0%: growing) 48.82% 7.84% Compare
HIW Highwoods Properties, Inc. $3.2B 19.3× 31.1× +7.87% (above 0%: growing) +400.00% (above 0%: growing) +364.51% (above 0%: growing) 67.58% 26.47% Compare
DEI Douglas Emmett, Inc. $1.6B — (loss-making) — (loss-making) +1.63% (above 0%: growing) n/m +41.06% (above 0%: growing) 63.19% 19.62% Compare
PDM Piedmont Realty Trust, Inc. $1.1B — (loss-making) — (loss-making) +2.73% (above 0%: growing) n/m −9.08% (below 0%: shrinking) 61.15% 14.29%
DEA Easterly Government Properties, Inc. $1.0B 100× 133× +9.71% (above 0%: growing) −33.33% (below 0%: shrinking) +106.84% (above 0%: growing) 68.54% 23.79% Compare
PSTL Postal Realty Trust, Inc. $776.1M 40.7× 36.4× +22.40% (above 0%: growing) +25.00% (above 0%: growing) +45.98% (above 0%: growing) 79.73% 39.49% Compare
HPP Hudson Pacific Properties, Inc. $619.7M — (loss-making) — (loss-making) −0.90% (below 0%: shrinking) n/m −100.77% (below 0%: shrinking) 44.94% (5.05%) Compare
BDN Brandywine Realty Trust $460.5M — (loss-making) — (loss-making) +6.92% (above 0%: growing) n/m −1.07% (below 0%: shrinking) 59.27% 15.09% Compare
Median of peers $1.3B 32.5× 84.7× +7.40% −4.16% +43.52% 64.24% 21.71%

All 18 Reit Office stocks →

Piedmont Realty Trust, Inc. (PDM) key facts

  • Concern: Piedmont Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $565.0 million, down 0.93% from fiscal 2024.
  • Piedmont Realty Trust, Inc. (PDM) is a Reit Office company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, PDM traded at $9.09, a market capitalization of $1.1 billion.
  • Return on equity was −5.42% and debt-to-equity 1.53.
  • Its Piotroski F-score is 3 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Piedmont Realty Trust, Inc. (PDM) Latest News

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stockrow.com/PDM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com