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Piedmont Office Realty Trust, Inc. Releases First Quarter 2025 Results
Mon 28 Apr 25, 08:15 PMPiedmont Office Realty Trust, Inc. to Report First Quarter 2025 Financial Results
Wed 09 Apr 25, 08:15 PMPiedmont Office Realty Trust Reports Fourth Quarter and Annual 2024 Results
Thu 13 Feb 25, 09:15 PMPIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
Mon 03 Feb 25, 09:30 PMWhitestone REIT Continues Board Refreshment with Appointment of Two Independent Trustees
Mon 04 Nov 24, 01:00 PM7 REITs Yielding 5% (or More) With Strong Upside Potential
Thu 04 Jul 24, 12:00 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 146.83M | -1.16700M | 232.69M | 229.26M | 54.60M |
| Minority interest | 0.00000M | 0.01M | -0.00300M | -0.00500M | -0.00500M |
| Net income | 272.58M | -62.65100M | 175.11M | 166.10M | 130.30M |
| Selling general administrative | 29.13M | 30.25M | 27.46M | 37.90M | 29.71M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 337.71M | 317.78M | 320.09M | 321.80M | 316.63M |
| Reconciled depreciation | 224.55M | 206.61M | 195.11M | 177.62M | 166.29M |
| Ebit | 86.74M | 91.12M | 91.34M | 92.27M | 117.30M |
| Ebitda | 311.29M | 297.73M | 295.21M | 285.47M | 288.55M |
| Depreciation and amortization | 224.55M | 206.61M | 203.87M | 193.21M | 171.25M |
| Non operating income net other | 154.44M | 10.21M | 198.92M | 1.57M | 1.64M |
| Operating income | 86.74M | 91.12M | 91.34M | 92.27M | 115.67M |
| Other operating expenses | 479.74M | 447.79M | 446.27M | 431.96M | 410.30M |
| Interest expense | 65.66M | 51.29M | 54.99M | 61.59M | 61.02M |
| Tax provision | - | - | - | - | - |
| Interest income | 65.66M | 51.29M | 54.99M | 61.59M | 61.02M |
| Net interest income | -65.65600M | -51.29200M | -54.99000M | -61.59400M | -61.02300M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | 25.98M | 41.00M | - | -8.95300M | - |
| Other items | - | - | - | - | - |
| Income tax expense | -125.74800M | 61.48M | 57.57M | 63.16M | -0.04200M |
| Total revenue | 563.77M | 528.71M | 535.02M | 533.18M | 525.97M |
| Total operating expenses | 253.68M | 236.86M | 231.33M | 220.58M | 200.96M |
| Cost of revenue | 226.06M | 210.93M | 214.93M | 211.38M | 209.34M |
| Total other income expense net | 60.09M | -92.29200M | 141.34M | 136.99M | -0.04200M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 146.83M | -1.16700M | 232.69M | 1037.25M | 178.33M |
| Net income applicable to common shares | 146.83M | -1.15300M | 232.69M | 229.26M | 130.30M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 4085.53M | 3930.66M | 3739.81M | 3516.76M | 3592.43M |
| Intangible assets | 114.38M | 94.38M | 90.59M | 80.98M | 77.68M |
| Earning assets | - | - | - | - | - |
| Other current assets | 17.15M | 28.88M | 23.28M | 25.43M | 46.15M |
| Total liab | 2236.27M | 2143.24M | 1841.85M | 1697.78M | 1880.29M |
| Total stockholder equity | 1847.67M | 1785.79M | 1896.28M | 1817.25M | 1710.37M |
| Deferred long term liab | 284.25M | 264.57M | 274.27M | 275.17M | 236.20M |
| Other current liab | 25.36M | 26.05M | 25.68M | 26.43M | -205.00000M |
| Common stock | 1.23M | 1.23M | 1.24M | 1.26M | 1.26M |
| Capital stock | 1.23M | 1.23M | 1.24M | 1.26M | 1.26M |
| Retained earnings | -1855.89300M | -1899.08100M | -1774.85600M | -1871.37500M | -1982.54200M |
| Other liab | 104.34M | 120.03M | 72.33M | 60.03M | 66.89M |
| Good will | 82.94M | 98.92M | 98.92M | 98.92M | 98.92M |
| Other assets | 287.31M | 3049.02M | 2850.74M | 275.17M | 567.27M |
| Cash | 16.54M | 7.42M | 7.33M | 13.54M | 4.57M |
| Cash and equivalents | 16.54M | 7.42M | 7.33M | 13.54M | 4.57M |
| Total current liabilities | 195.64M | 221.19M | 174.57M | 178.53M | 158.27M |
| Current deferred revenue | 59.98M | 80.69M | 36.89M | 34.61M | 28.78M |
| Net debt | 1967.14M | 1870.37M | 1614.67M | 1467.86M | 1680.90M |
| Short term debt | 56.95M | 39.34M | 1516.53M | 0.00000M | 205.00M |
| Short long term debt | - | - | - | - | 205.00M |
| Short long term debt total | 1983.68M | 1877.79M | 1622.00M | 1481.40M | 1685.47M |
| Other stockholder equity | 3711.01M | 3701.80M | 3694.00M | 3686.40M | 3683.19M |
| Property plant equipment | 3386.24M | 3087.04M | 3056.03M | 2942.51M | 3016.59M |
| Total current assets | 213.53M | 301.38M | 287.31M | 174.73M | 200.21M |
| Long term investments | 4.18M | 8.39M | - | - | 21.99M |
| Net tangible assets | 1764.73M | 1592.50M | 1797.36M | 1718.33M | 1611.45M |
| Short term investments | - | - | - | - | - |
| Net receivables | 176.78M | 284.13M | 278.10M | 159.34M | 173.39M |
| Long term debt | 1983.68M | 1877.79M | 1631.84M | 1486.53M | 1686.31M |
| Inventory | 3.06M | 1.44M | 0.00000M | 0.00000M | -23.89300M |
| Accounts payable | 110.31M | 114.45M | 112.00M | 117.50M | 129.49M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | 1.59M | 1.63M | 1.68M | 1.73M | 1.77M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -8.67900M | -18.15400M | -24.10000M | 0.97M | 8.46M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | 1.23M | 1.23M | 1.24M | 1.26M | 1.26M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | -1855.89300M | -1899.08100M | -1774.85600M | -1871.37500M | -1982.54200M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 3674.68M | 3435.99M | 3262.98M | 3162.13M | 3215.62M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 3871.99M | 3629.28M | 3452.49M | 3342.03M | 3392.22M |
| Capital lease obligations | - | - | - | 32.73M | 35.71M |
| Long term debt total | 1983.68M | 1877.79M | 1631.84M | 1486.53M | 1686.31M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 118.50M | -368.93200M | -197.87600M | 134.38M | 323.78M |
| Change to liabilities | -1.59000M | 1.86M | 6.26M | -11.25100M | -9.09200M |
| Total cashflows from investing activities | -1.24700M | -368.93200M | -197.87600M | 134.38M | 323.78M |
| Net borrowings | -93.95400M | 252.93M | 137.94M | 0.15M | 1.04M |
| Total cash from financing activities | -203.22800M | 126.38M | -1.58000M | -333.50700M | -529.36800M |
| Change to operating activities | 4.77M | 1.92M | -19.10700M | 0.31M | -3.09500M |
| Net income | 146.83M | -1.16700M | 232.69M | 229.26M | 130.29M |
| Change in cash | 10.74M | -0.35400M | -6.17200M | 9.35M | -2.72100M |
| Begin period cash flow | 8.86M | 9.21M | 15.39M | 6.03M | 8.76M |
| End period cash flow | 19.60M | 8.86M | 9.21M | 15.39M | 6.03M |
| Total cash from operating activities | 215.22M | 242.20M | 193.28M | 208.48M | 202.87M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 215.39M | 199.27M | 195.11M | 177.62M | 166.29M |
| Other cashflows from investing activities | 391.02M | -142.92100M | 219.18M | 460.57M | -99.53500M |
| Dividends paid | 104.37M | 103.91M | 106.31M | 106.43M | 184.09M |
| Change to inventory | - | -1.86100M | -6.26400M | 11.25M | -3.09500M |
| Change to account receivables | -14.16300M | -9.69100M | -30.88700M | -15.70600M | -16.09400M |
| Sale purchase of stock | -3.94000M | -22.59700M | -32.68900M | -20.19400M | -300.75700M |
| Other cashflows from financing activities | 803.05M | -1.09300M | -1.36300M | -0.86100M | 976.02M |
| Change to netincome | -116.78000M | 52.61M | -215.87800M | 221.41M | -65.94400M |
| Capital expenditures | 121.36M | 122.63M | 112.58M | 103.55M | 72.11M |
| Change receivables | -14.16300M | -9.69100M | -30.88700M | 15.71M | -16.09400M |
| Cash flows other operating | -18.23200M | -3.94900M | 3.91M | 0.47M | -2.32800M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | 10.74M | -0.35400M | -6.17200M | 9.35M | -2.72100M |
| Change in working capital | -30.98500M | -10.60300M | -45.54400M | -25.87200M | -29.17900M |
| Stock based compensation | 8.97M | 10.98M | 9.72M | 15.45M | 9.74M |
| Other non cash items | -124.99100M | 3.27M | 2.08M | 0.09M | -0.25000M |
| Free cash flow | 93.86M | 119.58M | 80.70M | 104.93M | 130.76M |
Sector: Real Estate Industry: REIT - Office
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PDM Piedmont Office Realty Trust Inc |
-0.235 3.34% | 6.80 | 15.76 | - | 1.52 | 0.50 | 5.05 | 7.67 |
| ARE Alexandria Real Estate Equities Inc |
-0.585 1.15% | 50.47 | 93.58 | 16.69 | 7.85 | 1.18 | 11.89 | 21.29 |
| BXP Boston Properties Inc |
-1.285 2.40% | 52.16 | 36.09 | 44.44 | 4.38 | 2.21 | 8.37 | 14.29 |
| GECFF Gecina SA |
3.41 4.22% | 84.23 | - | 18.42 | 11.51 | 0.70 | 19.50 | -18.1681 |
| VNO Vornado Realty Trust |
-0.31 1.17% | 26.20 | - | 1250.00 | 4.65 | 1.23 | 8.18 | 33.48 |
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). Piedmont is a 2023 ENERGY STAR Partner of the Year.
5565 Glenridge Connector, Atlanta, GA, United States, 30342
| Name | Title | Year Born |
|---|---|---|
| Mr. Christopher Brent Smith | Pres, CEO & Director | 1976 |
| Mr. Robert E. Bowers CPA | CFO, Exec. VP & Chief Admin. Officer | 1957 |
| Mr. George M. Wells | Exec. VP & COO | 1963 |
| Mr. Christopher A. Kollme | Exec. VP of Investments & Strategy | 1972 |
| Mr. Robert K. Wiberg | Exec. VP of Northeast Region & Co-Head of Devel. | 1956 |
| Ms. Laura P. Moon | Chief Accounting Officer & Sr. VP | 1971 |
| Mr. Edward H. Guilbert III | Exec. VP of Fin., Treasurer & Assistant Sec. | 1976 |
| Thomas A. McKean | Sr. VP, Associate Gen. Counsel & Corp. Sec. | NA |
| Ms. Lisa M. Tyler | VP of Human Resource | NA |
| Mr. Damian J. Miller CFA | Exec. VP of Dallas - Southwest Region | NA |
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