Hudson Pacific Properties, Inc. (HPP) vs Piedmont Realty Trust, Inc. (PDM)

Hudson Pacific Properties, Inc. and Piedmont Realty Trust, Inc. are both Reit Office companies. Piedmont Realty Trust, Inc. is the larger, with a market value of $1.2B against $649.7M — 1.8× the size. Hudson Pacific Properties, Inc. grew revenue faster over the last twelve months: 1.79% against 0.70%. Piedmont Realty Trust, Inc. has the higher net margin (−14.2% vs −70.4%) and the higher return on invested capital (1.29% vs 0.00%). Both pay a dividend; Piedmont Realty Trust, Inc. yields more (7.65% vs 4.93%). Across the 21 metrics below, Piedmont Realty Trust, Inc. leads on 12 and Hudson Pacific Properties, Inc. on 9.

Valuation

Metric HPP PDM Reit Office median
P/E n/m n/m 38.94
P/S 0.92 2.03 2.92
P/B 0.29 0.78 0.78
Price to free cash flow 5.62 36.40 14.22
EV/EBITDA 10.97 10.60 12.77
EV/Sales 5.00 5.94 7.03
Earnings yield (75.96%) (7.05%) (3.43%)
Free cash flow yield 17.81% 2.75% 5.85%

Profitability

Metric HPP PDM Reit Office median
Gross margin 49.36% 60.02% 60.53%
Operating margin (0.01%) 13.46% 16.84%
Net margin (70.39%) (14.18%) (8.23%)
Free cash flow margin 16.46% 5.56% 16.39%
Return on equity (19.84%) (5.34%) (2.66%)
Return on assets (7.48%) (2.01%) (0.95%)
Return on invested capital 0.00% 1.29% 1.32%

Growth

Metric HPP PDM Reit Office median
Revenue growth (TTM) 1.79% 0.70% 1.08%
EPS growth (last fiscal year) 29.05% (4.69%) —
Revenue growth, 5-year CAGR 0.64% 1.10% 4.37%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HPP PDM Reit Office median
Debt to equity 1.14 1.53 1.20
Current ratio 1.11 1.36 2.43
Net debt to EBITDA 8.89 7.13 6.91

Dividend

Metric HPP PDM Reit Office median
Dividend yield 4.93% 7.65% 6.16%
Payout ratio 25.00 1.22 1.38

Size

Metric HPP PDM Reit Office median
Market cap 649.65m 1.15b 1.39b

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