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PIEDMONT REALTY TRUST INC (PDM) Stock Fundamental Analysis

NYSE:PDM - New York Stock Exchange, Inc. - US7201902068 - REIT - Currency: USD

7.55  -0.09 (-1.18%)

Fundamental Rating

2

Overall PDM gets a fundamental rating of 2 out of 10. We evaluated PDM against 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of PDM have multiple concerns. PDM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

PDM had negative earnings in the past year.
PDM had a positive operating cash flow in the past year.
In multiple years PDM reported negative net income over the last 5 years.
In the past 5 years PDM always reported a positive cash flow from operatings.
PDM Yearly Net Income VS EBIT VS OCF VS FCFPDM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M -300M

1.2 Ratios

The Return On Assets of PDM (-1.53%) is worse than 69.23% of its industry peers.
With a Return On Equity value of -3.94%, PDM is not doing good in the industry: 67.69% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 1.62%, PDM is doing worse than 73.85% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PDM is in line with the industry average of 3.16%.
The 3 year average ROIC (1.61%) for PDM is below the current ROIC(1.62%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -1.53%
ROE -3.94%
ROIC 1.62%
ROA(3y)0.16%
ROA(5y)1.33%
ROE(3y)0.05%
ROE(5y)2.47%
ROIC(3y)1.61%
ROIC(5y)1.69%
PDM Yearly ROA, ROE, ROICPDM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

With a Operating Margin value of 13.98%, PDM is not doing good in the industry: 67.69% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of PDM has declined.
Looking at the Gross Margin, with a value of 59.08%, PDM is doing worse than 69.23% of the companies in the same industry.
In the last couple of years the Gross Margin of PDM has remained more or less at the same level.
Industry RankSector Rank
OM 13.98%
PM (TTM) N/A
GM 59.08%
OM growth 3Y-3.24%
OM growth 5Y-6.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.64%
GM growth 5Y-0.47%
PDM Yearly Profit, Operating, Gross MarginsPDM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PDM is destroying value.
Compared to 1 year ago, PDM has more shares outstanding
Compared to 5 years ago, PDM has less shares outstanding
The debt/assets ratio for PDM is higher compared to a year ago.
PDM Yearly Shares OutstandingPDM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
PDM Yearly Total Debt VS Total AssetsPDM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

Based on the Altman-Z score of -0.28, we must say that PDM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.28, PDM is doing worse than 80.77% of the companies in the same industry.
PDM has a Debt/Equity ratio of 1.40. This is a high value indicating a heavy dependency on external financing.
PDM has a Debt to Equity ratio (1.40) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Altman-Z -0.28
ROIC/WACC0.24
WACC6.84%
PDM Yearly LT Debt VS Equity VS FCFPDM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

PDM has a Current Ratio of 2.00. This indicates that PDM is financially healthy and has no problem in meeting its short term obligations.
PDM has a better Current ratio (2.00) than 79.23% of its industry peers.
PDM has a Quick Ratio of 2.00. This indicates that PDM is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of PDM (2.00) is better than 79.23% of its industry peers.
Industry RankSector Rank
Current Ratio 2
Quick Ratio 2
PDM Yearly Current Assets VS Current LiabilitesPDM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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2

3. Growth

3.1 Past

PDM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.23%, which is quite impressive.
Looking at the last year, PDM shows a decrease in Revenue. The Revenue has decreased by -1.98% in the last year.
The Revenue has been growing slightly by 1.36% on average over the past years.
EPS 1Y (TTM)26.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%63.64%
Revenue 1Y (TTM)-1.98%
Revenue growth 3Y2.56%
Revenue growth 5Y1.36%
Sales Q2Q%-1.28%

3.2 Future

The Earnings Per Share is expected to grow by 28.11% on average over the next years. This is a very strong growth
PDM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.08% yearly.
EPS Next Y70.9%
EPS Next 2Y38.36%
EPS Next 3Y28.11%
EPS Next 5YN/A
Revenue Next Year-0.09%
Revenue Next 2Y-1.06%
Revenue Next 3Y-0.08%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PDM Yearly Revenue VS EstimatesPDM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
PDM Yearly EPS VS EstimatesPDM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 1.5

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1

4. Valuation

4.1 Price/Earnings Ratio

PDM reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PDM. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
PDM Price Earnings VS Forward Price EarningsPDM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

80.77% of the companies in the same industry are more expensive than PDM, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.44
PDM Per share dataPDM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

PDM's earnings are expected to grow with 28.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.36%
EPS Next 3Y28.11%

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4

5. Dividend

5.1 Amount

PDM has a Yearly Dividend Yield of 4.93%, which is a nice return.
PDM's Dividend Yield is comparable with the industry average which is at 6.44.
PDM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 4.93%

5.2 History

The dividend of PDM decreases each year by -9.98%.
PDM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-9.98%
Div Incr Years0
Div Non Decr Years0
PDM Yearly Dividends per sharePDM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

PDM has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-101.08%
EPS Next 2Y38.36%
EPS Next 3Y28.11%
PDM Yearly Income VS Free CF VS DividendPDM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M -300M

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PIEDMONT REALTY TRUST INC

NYSE:PDM (7/15/2025, 2:49:58 PM)

7.55

-0.09 (-1.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-28 2025-04-28/amc
Earnings (Next)07-28 2025-07-28
Inst Owners89.47%
Inst Owner Change-0.04%
Ins Owners0.91%
Ins Owner Change7.87%
Market Cap939.30M
Analysts74.29
Price Target9.18 (21.59%)
Short Float %2.02%
Short Ratio2.24
Dividend
Industry RankSector Rank
Dividend Yield 4.93%
Yearly Dividend0.5
Dividend Growth(5Y)-9.98%
DP-101.08%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-21 2025-02-21 (0.125)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-286.61%
Min EPS beat(2)-560.07%
Max EPS beat(2)-13.15%
EPS beat(4)0
Avg EPS beat(4)-177.46%
Min EPS beat(4)-560.07%
Max EPS beat(4)-13.15%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.06%
Min Revenue beat(2)-0.1%
Max Revenue beat(2)-0.01%
Revenue beat(4)1
Avg Revenue beat(4)-0.95%
Min Revenue beat(4)-4.06%
Max Revenue beat(4)0.36%
Revenue beat(8)2
Avg Revenue beat(8)-0.64%
Revenue beat(12)3
Avg Revenue beat(12)-0.78%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-5.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)0.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.65
P/FCF N/A
P/OCF 5.26
P/B 0.6
P/tB 0.65
EV/EBITDA 10.44
EPS(TTM)-0.45
EYN/A
EPS(NY)-0.05
Fwd EYN/A
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)1.43
OCFY19%
SpS4.57
BVpS12.54
TBVpS11.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.53%
ROE -3.94%
ROCE 2.05%
ROIC 1.62%
ROICexc 1.62%
ROICexgc 1.66%
OM 13.98%
PM (TTM) N/A
GM 59.08%
FCFM N/A
ROA(3y)0.16%
ROA(5y)1.33%
ROE(3y)0.05%
ROE(5y)2.47%
ROIC(3y)1.61%
ROIC(5y)1.69%
ROICexc(3y)1.63%
ROICexc(5y)1.7%
ROICexgc(3y)1.69%
ROICexgc(5y)1.78%
ROCE(3y)2.03%
ROCE(5y)2.14%
ROICexcg growth 3Y-2%
ROICexcg growth 5Y-8.36%
ROICexc growth 3Y-1.27%
ROICexc growth 5Y-7.91%
OM growth 3Y-3.24%
OM growth 5Y-6.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.64%
GM growth 5Y-0.47%
F-Score3
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Debt/EBITDA 7.28
Cap/Depr 93.19%
Cap/Sales 36.18%
Interest Coverage 250
Cash Conversion 59.45%
Profit Quality N/A
Current Ratio 2
Quick Ratio 2
Altman-Z -0.28
F-Score3
WACC6.84%
ROIC/WACC0.24
Cap/Depr(3y)115.95%
Cap/Depr(5y)158.85%
Cap/Sales(3y)44.72%
Cap/Sales(5y)59.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%63.64%
EPS Next Y70.9%
EPS Next 2Y38.36%
EPS Next 3Y28.11%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.98%
Revenue growth 3Y2.56%
Revenue growth 5Y1.36%
Sales Q2Q%-1.28%
Revenue Next Year-0.09%
Revenue Next 2Y-1.06%
Revenue Next 3Y-0.08%
Revenue Next 5YN/A
EBIT growth 1Y0.98%
EBIT growth 3Y-0.77%
EBIT growth 5Y-5.41%
EBIT Next Year386.27%
EBIT Next 3Y66.79%
EBIT Next 5YN/A
FCF growth 1Y84.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-17.29%
OCF growth 3Y-6.48%
OCF growth 5Y-1.02%