Piedmont Realty Trust, Inc. PDM

Real estate SIC 6512 - Opeators of Nonresidential Buildings NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate › Lessors of Nonresidential Buildings (except Miniwarehouses) derived NYSE

Piedmont Realty Trust, Inc. ("Piedmont," "we," "our," or "us") (NYSE: PDM) is a Maryland corporation that operates in a manner so as to qualify as a real estate investment trust ("REIT") for federal income tax purposes and engages in the ownership, management, development, redevelopment, and operation of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Piedmont was incorporated in 1997 and commenced operations in 1998. Piedmont conducts business through its wholly-owned subsidiary, Piedmont Operating Partnership, L.P. ("Piedmont OP"), a Delaware limited partnership. Piedmont OP owns properties directly, through wholly-owned subsidiaries, and through various joint ventures which it controls. References to Piedmont herein shall include Piedmont and all of its subsidiaries, including Piedmont OP and its subsidiaries and joint ventures.

Last close 9.68 2026-10-23
Market cap $1.21B 2026-03-31 share count
52-week range 6.32 - 10.12

Valuation FY2025 figures against the last close

P/S2.1x
P/E—
P/FCF8.6x
EV/EBITDA—
Dividend yield2.6%
Diluted EPS-0.67

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $565.0M$570.3M$577.8M$563.8M$528.7M$535.0M$533.2M$526.0M$574.2M$555.7M
SG&A $30.6M$35.4M$29.2M$29.1M$30.3M$27.5M$37.9M$29.7M$29.3M$27.4M
Total operating expenses $485.5M$529.9M$529.9M$505.7M$488.8M$446.3M$440.9M$410.3M$492.9M$484.9M
Operating income ———————$115.7M$81.3M$70.8M
Interest expense $128.0M$123.0M$101.3M$65.7M$51.3M$55.0M$61.6M$61.0M$68.1M$64.9M
Pre-tax income -$83.6M-$79.1M-$48.3M$146.8M-$774.0K$232.7M$229.4M$130.4M$133.6M$100.1M
Income tax $1.0K$2.0K$39.0K$10.0K$379.0K$4.0K$160.0K$97.0K$13.0K$415.0K
Net income -$83.6M-$79.1M-$48.4M$146.8M-$1.2M$232.7M$229.3M$130.3M$133.6M$99.7M
EPS, basic -0.67-0.64-0.391.19-0.011.851.82———
EPS, diluted -0.67-0.64-0.391.19-0.011.851.821.000.920.69
Shares, diluted (wtd. avg.) 124.4M123.9M123.7M123.5M124.0M126.1M126.2M130.6M145.4M145.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $731.0K$109.6M$825.0K$16.5M$7.4M$7.3M$13.5M$4.6M$7.4M$7.0M
Goodwill $53.5M$53.5M$53.5M$82.9M$98.9M$98.9M$98.9M$98.9M$98.9M$98.9M
Other intangibles $44.4M$60.5M$82.6M$114.4M$94.4M$90.6M$74.4M$77.7M$77.8M$99.7M
Total assets $4.03B$4.11B$4.06B$4.09B$3.93B$3.74B$3.52B$3.59B$4.00B$4.37B
Long-term debt $2.22B$2.22B$2.05B$1.98B$1.88B—$1.48B$1.69B$1.73B$2.02B
Total liabilities $2.53B$2.53B$2.33B$2.24B$2.14B$1.84B$1.70B$1.88B$2.01B$2.27B
Total equity $1.50B$1.59B$1.72B$1.85B$1.79B$1.90B$1.82B$1.71B$1.99B$2.10B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $140.6M$198.1M$210.1M$215.2M$242.2M$193.3M$208.5M$202.9M$242.8M$231.8M
Depreciation and amortisation $181.2M$177.6M$179.4M$166.2M$149.2M$142.8M$132.6M$128.5M$145.8M$155.3M
Stock-based compensation $9.7M$9.6M$8.1M$9.0M$11.0M$9.7M$15.4M$9.7M$9.2M$7.9M
Investing cash flow -$175.3M-$186.6M-$196.0M-$1.2M-$368.9M-$197.9M$134.4M$323.8M$240.6M-$119.9M
Financing cash flow -$75.3M$98.2M-$29.5M-$203.2M$126.4M-$1.6M-$333.5M-$529.4M-$482.9M-$114.4M
Dividends paid $30.9M$61.9M$93.1M$104.4M$103.9M$106.3M$106.4M———
Buybacks ——$0$0$19.5M$30.0M$16.9M$298.5M$60.5M$7.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001042776-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2016: 555.7M Net income, FY2016: 99.7M Revenue, FY2017: 574.2M Net income, FY2017: 133.6M Revenue, FY2018: 526M Net income, FY2018: 130.3M Revenue, FY2019: 533.2M Net income, FY2019: 229.3M Revenue, FY2020: 535M Net income, FY2020: 232.7M Revenue, FY2021: 528.7M Net income, FY2021: -1.2M Revenue, FY2022: 563.8M Net income, FY2022: 146.8M Revenue, FY2023: 577.8M Net income, FY2023: -48.4M Revenue, FY2024: 570.3M Net income, FY2024: -79.1M Revenue, FY2025: 565M Net income, FY2025: -83.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $555.7M $574.2M $526.0M $533.2M $535.0M $528.7M $563.8M $577.8M $570.3M $565.0M
Gross profit — — — — — — — — — —
Net income $99.7M $133.6M $130.3M $229.3M $232.7M -$1.2M $146.8M -$48.4M -$79.1M -$83.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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