Douglas Emmett, Inc. (DEI) vs Piedmont Realty Trust, Inc. (PDM)

Douglas Emmett, Inc. and Piedmont Realty Trust, Inc. are both Reit Office companies. Douglas Emmett, Inc. is the larger, with a market value of $1.6B against $1.2B — 1.4× the size. Douglas Emmett, Inc. grew revenue faster over the last twelve months: 0.78% against 0.70%. Douglas Emmett, Inc. has the higher net margin (−2.28% vs −14.2%) and the higher return on invested capital (1.35% vs 1.29%). Both pay a dividend; Piedmont Realty Trust, Inc. yields more (7.65% vs 5.58%). Across the 22 metrics below, Douglas Emmett, Inc. leads on 15 and Piedmont Realty Trust, Inc. on 7.

Valuation

Metric DEI PDM Reit Office median
P/E n/m n/m 38.94
P/S 1.63 2.03 2.92
P/B 0.47 0.78 0.78
Price to free cash flow 25.54 36.40 14.22
EV/EBITDA 11.73 10.60 12.77
EV/Sales 6.96 5.94 7.03
Earnings yield (1.53%) (7.05%) (3.43%)
Free cash flow yield 3.92% 2.75% 5.85%

Profitability

Metric DEI PDM Reit Office median
Gross margin 63.18% 60.02% 60.53%
Operating margin 19.00% 13.46% 16.84%
Net margin (2.28%) (14.18%) (8.23%)
Free cash flow margin 6.39% 5.56% 16.39%
Return on equity (0.65%) (5.34%) (2.66%)
Return on assets (0.24%) (2.01%) (0.95%)
Return on invested capital 1.35% 1.29% 1.32%

Growth

Metric DEI PDM Reit Office median
Revenue growth (TTM) 0.78% 0.70% 1.08%
EPS growth (last fiscal year) (30.77%) (4.69%) —
Revenue growth, 5-year CAGR 2.40% 1.10% 4.37%
Net income growth, 5-year CAGR (20.25%) 0.00% 0.00%

Health

Metric DEI PDM Reit Office median
Debt to equity 1.63 1.53 1.20
Current ratio 2.60 1.36 2.43
Net debt to EBITDA 8.73 7.13 6.91

Dividend

Metric DEI PDM Reit Office median
Dividend yield 5.58% 7.65% 6.16%
Payout ratio 2.58 1.22 1.38

Size

Metric DEI PDM Reit Office median
Market cap 1.62b 1.15b 1.39b

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