Stocks · Real Estate · REIT - Office
Piedmont Office Realty Trust, Inc. PDM
$9.00 +2.16% Close, Oct 2, 2026 · NYSE · Market cap $1.13B
Strong trend
Next earnings report: Oct 26, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 23.3% from 13.5% a year earlier.
- Net debt is 7.0× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 92 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 27%
- Revenue growth, 3-year CAGRBottom 18%
- Revenue growth accelerationTop 36%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 45%
- Gross marginBottom 35%
- Operating marginBottom 47%
- Accruals (lower is better)Top 15%
- Net debt / EBITDA (lower is better)Bottom 36%
- Interest coverBottom 41%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 14%
- Free-cash-flow yieldBottom 32%
- EBITDA / enterprise valueTop 16%
- Sales / enterprise valueTop 26%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 34%
- 6-month returnTop 4%
- 1-year return vs S&P 500Top 37%
- Distance from 52-week highTop 13%
- Trend checklist (0–4)Top 19%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 16%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyBottom 12%
- Upside to consensus price targetBottom 30%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 41%
- Maximum drawdown, 3 yearsBottom 32%
- Beta vs S&P 500 (lower is better)Bottom 23%
- Net debt / EBITDA (lower is better)Bottom 36%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -0.5% | 0.7% | ↑ |
| Gross margin | 49.6% | 28.6% | ↓ |
| Operating margin | 13.5% | 23.3% | ↑ |
| FCF margin | -6.2% | 5.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.7% | -0.5% | ↑ | Bottom 27% |
| Gross margin | 28.6% | 49.6% | ↓ | Bottom 35% |
| Operating margin | 23.3% | 13.5% | ↑ | Bottom 47% |
| Net margin | -14.2% | -12.1% | ↓ | — |
| Free-cash-flow margin | 5.6% | -6.2% | ↑ | — |
| Return on invested capital | 3.5% | — | Bottom 45% | |
| Revenue growth, 3-year CAGR | 0.1% | — | Bottom 18% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +8.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.00×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.01%
- Net buyback yield (TTM)
- -0.33%
- Shareholder yield
- -0.32%
- Share count change, 1 year
- +0.5%
- Share count change, 3-year CAGR
- +0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 0 of 8
- Average EPS surprise, last 4
- -61.2%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $10.50
- Target vs current price
- +16.7%
- Analysts with a rating
- 11
- Share rating Buy or Strong Buy
- 27%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | -49.5% | -1.6% | +1.0% | +0.3% | — |
| Apr 30, 2026 | -127.8% | +1.7% | +2.8% | +3.2% | +19.0% |
| Feb 11, 2026 | +0.0% | -3.2% | -9.5% | -22.5% | -3.1% |
| Oct 27, 2025 | -67.6% | +1.2% | -4.4% | -2.4% | -0.2% |
| Jul 28, 2025 | -60.0% | -0.5% | -2.5% | +8.8% | +10.1% |
| Apr 28, 2025 | -122.9% | +0.0% | -2.4% | -4.1% | +11.6% |
| Feb 13, 2025 | -500.0% | -0.7% | -9.4% | -13.1% | -17.3% |
| Oct 24, 2024 | -77.3% | +1.6% | -5.8% | -12.2% | -18.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | -$0.09 | -$0.06 | -49.5% | $144.1M |
| Apr 30, 2026 | -$0.10 | $0.36 | -127.8% | $136.4M |
| Feb 11, 2026 | $0.35 | $0.35 | +0.0% | $112.0M |
| Oct 27, 2025 | $0.11 | $0.34 | -67.6% | $110.7M |
| Jul 28, 2025 | $0.14 | $0.35 | -60.0% | $111.1M |
| Apr 28, 2025 | -$0.08 | $0.35 | -122.9% | $136.1M |
| Feb 13, 2025 | -$0.24 | -$0.04 | -500.0% | $143.2M |
| Oct 24, 2024 | -$0.09 | -$0.05 | -77.3% | $132.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 10.5× | — | — | Top 16% |
| EV / Sales | 5.94× | — | — | Top 26% |
| Free-cash-flow yield | 2.81% | — | — | Bottom 32% |
| Earnings yield | -7.21% | — | — | Bottom 14% |
P/E over the past five years
Range 6.0× – 46.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 92
- 50-day average slope (20 days)
- -1.1%
- 200-day average slope (20 days)
- +1.1%
- Distance from 50-day average
- -5.2%
- Distance from 200-day average
- +5.5%
- RSI (14)
- 41.7
- Relative volume
- 0.65×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.6%
- Volatility vs own 5-year history
- 7th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.79
- Correlation with S&P 500
- 0.36
- Current drawdown from 1-year high
- -9.6%
- Maximum drawdown, 3 years
- -48.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 14, 2021 | Oct 25, 2023 | -75.0% | 596 days | Not yet recovered |
| Oct 2, 2020 | Oct 30, 2020 | -21.1% | 20 days | 8 days (Nov 11, 2020) |
| Nov 24, 2020 | Jan 5, 2021 | -10.4% | 27 days | 26 days (Feb 11, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.13B
- EPS, diluted (TTM)
- -$0.65
- Revenue (TTM)
- $569.4M
- 52-week range
- $6.32 – $10.13
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $528.7M | $563.8M | $577.8M | $570.3M | $565.0M |
| Gross profit | $317.8M | $337.7M | $342.7M | $336.2M | -$117.1M |
| Operating income | $80.9M | $84.0M | $77.3M | $74.2M | $79.4M |
| Net income | -$1.2M | $146.8M | -$48.4M | -$79.1M | -$83.6M |
| EPS (diluted) | -$0.01 | $1.19 | -$0.39 | -$0.64 | -$0.67 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $139.3M | $143.2M | $142.7M | $140.3M | $139.2M | $142.9M | $143.3M | $144.1M |
| Net income | -$11.5M | -$30.0M | -$10.1M | -$16.8M | -$13.5M | -$43.2M | -$12.9M | -$11.1M |
| EPS (diluted) | -$0.09 | -$0.24 | -$0.08 | -$0.14 | -$0.11 | -$0.35 | -$0.10 | -$0.09 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $242.2M | $215.2M | $210.1M | $198.1M | $140.6M |
| Capital expenditure | -$122.6M | -$121.4M | -$158.2M | -$212.1M | -$157.2M |
| Free cash flow | $119.6M | $93.9M | $51.9M | -$14.0M | -$16.7M |
| Dividends paid | -$103.9M | -$104.4M | -$93.1M | -$61.9M | -$30.9M |
| Net share buybacks | -$19.5M | -$3.9M | -$1.8M | -$1.8M | -$2.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $16.8M
- Total assets
- $4.05B
- Total liabilities
- $2.57B
- Total debt
- $2.27B
- Net debt
- $2.26B
- Shareholders’ equity
- $1.47B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Feb 21, 2025 | $0.13 | Mar 14, 2025 |
| Nov 22, 2024 | $0.13 | Jan 2, 2025 |
| Aug 23, 2024 | $0.13 | Sep 20, 2024 |
| May 23, 2024 | $0.13 | Jun 14, 2024 |
| Feb 22, 2024 | $0.13 | Mar 15, 2024 |
| Nov 22, 2023 | $0.13 | Jan 2, 2024 |
| Aug 24, 2023 | $0.13 | Sep 15, 2023 |
| May 25, 2023 | $0.21 | Jun 16, 2023 |
Short interest
- Shares sold short
- 4,977,440
- Days to cover
- 1.95
- Change vs previous report
- -32.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 10, 2010
- 1-for-12