Piedmont Office Realty Trust, Inc.

Real Estate
Building operators
www.piedmontreit.com

Earnings Score

Market Cap $1.15B
PE -15
Debt $2.22B
Cash $136.97M
EV $3.23B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$77.12M
ROE	-5%
Equity	$1.63B
Growth Stability	-38%
PE	-14.88
PEG	1.3
PB	0.7
P/S	2
Price/Cash	0.12
Debt/Equity	1.36
Net Margins	-11%
Earnings CAGR	-4%
Sales Growth YoY	-5%
Sales Growth QoQ	-3%
Sales CAGR	0%
FCF CAGR	0%
Equity CAGR	-3%
Earnings Stability	0.05
Earnings Growth YoY	-32%
Earnings Growth QoQ	17%

Earnings CAGR 5Y	-11%
Sales CAGR 5Y	2%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
Equity CAGR 3Y	-4%
Market Cap	$1.15B
Revenue	$572.42M
Dividend Yield	5%
Payout Ratio	-80%
Assets	$4.14B
Total Debt	$2.22B
Cash	$136.97M
Shares Outstanding	123.92M
EV	3.23B
Earnings Score	6%
Shares Growth 3y	0%
Equity Growth QoQ	-2%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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Piedmont Office Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of commercial real estate properties throughout the U.S. The company's real estate portfolio is primarily composed of office properties located in major American metropolitan areas. Piedmont derives most of its revenue in the form of rental income from tenants in mid- to long-term lease agreements. The vast majority of the company's revenue comes from the leasing of its assets in Washington D.C., New York City, Chicago, Atlanta, Minneapolis, Dallas, and Boston. Piedmont's largest customers in terms of rental revenue are U.S. Government entities, business services companies, and financial institutions.

SEC Filings

Direct access to Piedmont Office Realty Trust, Inc. (PDM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Piedmont Office Realty Trust, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Piedmont Office Realty Trust, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -4%

Stability 5%

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Piedmont Office Realty Trust, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Piedmont Office Realty Trust, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	8%	30%	19%	23%	25%	43%	43%	-0%	26%	-8%	-11%
ROA	-	2%	2%	2%	3%	-	-	-	-	-	-
ROE	-	8%	5%	7%	8%	13%	12%	-0%	8%	-3%	-5%

Bad Net Margins (-11.49%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	2.8	2.18	-	-	-	-	-	-
Debt over Equity	0.99	0.93	0.93	0.87	0.99	0.82	0.86	1.06	1.08	1.2	1.36
Growth Stability	-	-	-	100%	94%	100%	100%	-1%	96%	-38%	-38%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.36)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-38%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	3%	-5%	3%	-8%	1%	0%	-1%	7%	2%	2%
Earnings YoY growth	-	299%	-38%	24%	-2%	76%	1%	-101%	-13K%	-133%	-11%
Equity YoY growth	-	-5%	-1%	-9%	-14%	6%	4%	-6%	3%	-7%	-3%
FCF YoY growth	-	-	-	3%	26%	-	-	-	-	-	-