0.11%
-4.48%
-12.07%
1.04%
28.53%
-50.79%
-62.31%
AI Spotlight on PDM
Company Description
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 select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.Its geographically-diversified, 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).At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
Market Data
| Last Price | 8.74 |
| Change Percentage | 0.11% |
| Open | 8.74 |
| Previous Close | 8.73 |
| Market Cap ( Millions) | 1084 |
| Volume | 702342 |
| Year High | 11.12 |
| Year Low | 5.93 |
| M A 50 | 9.05 |
| M A 200 | 8.63 |
Financial Ratios
| FCF Yield | -0.20% |
| Dividend Yield | 5.72% |
| ROE | -4.61% |
| Debt / Equity | 136.43% |
| Net Debt / EBIDTA | 627.19% |
| Price To Book | 0.67 |
| Price Earnings Ratio | -14.05 |
| Price To FCF | -512.66 |
| Price To sales | 1.81 |
| EV / EBITDA | 9.53 |
News
- Jan -13 - Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2024 Financial Results
- Dec -06 - Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
- Oct -25 - Piedmont Office Realty Trust, Inc. (PDM) Q3 2024 Earnings Call Transcript
- Oct -24 - Piedmont Office (PDM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Oct -24 - Piedmont Office (PDM) Q3 FFO and Revenues Miss Estimates
- Oct -18 - Two Government Officials Caught Red-Handed in Massive PDM Money Theft
- Oct -14 - Piedmont REIT Signs over 461,000 SF of Leases during Third Quarter
- Oct -14 - MITALA UMAR: Strengthening Justice for PDM Extortion: Beyond Mediation, A Call for Tougher Punishments.
- Oct -10 - Piedmont Office Realty Trust Reports Virtually No Damage From Hurricane Milton
- Oct -08 - Piedmont Office Realty Trust, Inc. to Report Third Quarter 2024 Financial Results
- Sep -30 - Piedmont Office Realty Trust, Inc. Announces CFO Transition
- Sep -05 - Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade)
- Aug -14 - President Museveni urges Ugandans to utilise Local Council systems to demand accountability from leaders
- Aug -06 - Cash Cows: 9 High-Yield REITs With Safe Dividends
- Aug -01 - Piedmont Office (PDM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jul -31 - Piedmont Office (PDM) Q2 FFO Match Estimates
- Jul -31 - Piedmont Office Realty Trust Reports Second Quarter 2024 Results
- Jul -25 - PIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
- Jul -19 - Picking A Winner In High-Yield REITs
- Jul -13 - Jinja’s 60-Year Old Mzee In Coolers For Stealing Dimes from Museveni’s Desperate Bazukulus
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Rental and Tenant Reimbursement
Expected Growth : 4.0 %
What the company do ?
Rental and Tenant Reimbursement from Piedmont Office Realty Trust, Inc. refers to the reimbursement of operating expenses and rent to tenants, ensuring a net lease structure.
Why we expect these perspectives ?
Piedmont Office Realty Trust's 4.0% growth in Rental and Tenant Reimbursement is driven by increasing demand for Class A office spaces, strategic lease renewals and expansions, and a strong presence in high-growth markets. Additionally, the company's proactive asset management and capital recycling initiatives have contributed to the growth.
Segment n°2 -> Other Property Related Income
Expected Growth : 4.65 %
What the company do ?
Other Property Related Income from Piedmont Office Realty Trust, Inc. refers to revenue generated from non-core operations, such as parking, storage, and other miscellaneous income.
Why we expect these perspectives ?
Piedmont Office Realty Trust's 4.65% growth in Other Property Related Income is driven by increasing demand for flexible office spaces, strategic acquisitions, and strong property management practices. Additionally, the company's focus on high-growth markets and diversification of its tenant base have contributed to this growth.
Segment n°3 -> Property Management Fee
Expected Growth : 4.83 %
What the company do ?
Piedmont Office Realty Trust, Inc.'s Property Management Fee is a charge for overseeing and operating commercial properties, typically ranging from 3-5% of gross revenue.
Why we expect these perspectives ?
Piedmont Office Realty Trust's 4.83% growth in Property Management Fee is driven by increasing demand for third-party management services, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on operational efficiency and cost savings initiatives have contributed to the growth. Strong relationships with clients and a reputation for delivering high-quality services have also supported the increase in management fees.
Piedmont Office Realty Trust, Inc. Products
| Product Range | What is it ? |
|---|---|
| Class A Office Properties | High-quality office spaces located in central business districts, offering modern amenities and convenient access to public transportation |
| Suburban Office Properties | Office spaces located in suburban areas, providing easy access to highways and amenities, with a focus on convenience and affordability |
| Industrial Properties | Warehouses, distribution centers, and light industrial facilities, offering flexible space for logistics, manufacturing, and research |
| Mixed-Use Properties | Properties that combine office, retail, and residential spaces, offering a live-work-play environment |
| Land Development | Undeveloped land parcels, offering opportunities for future development and growth |
Piedmont Office Realty Trust, Inc.'s Porter Forces
Threat Of Substitutes
Piedmont Office Realty Trust, Inc. operates in a competitive industry, but the threat of substitutes is mitigated by the company's focus on high-quality office properties and its ability to adapt to changing market conditions.
Bargaining Power Of Customers
Piedmont Office Realty Trust, Inc.'s customers are primarily large corporations and government agencies, which have limited bargaining power due to the company's strong market position and high-quality properties.
Bargaining Power Of Suppliers
Piedmont Office Realty Trust, Inc. has a diversified supplier base, which reduces the bargaining power of individual suppliers. Additionally, the company's scale and market position give it negotiating power in procurement.
Threat Of New Entrants
The commercial real estate industry has high barriers to entry, including significant capital requirements and regulatory hurdles, which limits the threat of new entrants and gives Piedmont Office Realty Trust, Inc. a competitive advantage.
Intensity Of Rivalry
The commercial real estate industry is highly competitive, with many established players competing for a limited number of high-quality properties. Piedmont Office Realty Trust, Inc. must continually adapt and innovate to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 54.41% |
| Debt Cost | 3.95% |
| Equity Weight | 45.59% |
| Equity Cost | 9.57% |
| WACC | 6.51% |
| Leverage | 119.36% |
Piedmont Office Realty Trust, Inc. : Quality Control
Piedmont Office Realty Trust, Inc. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ONL | Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio … |
| PGRE | Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select … |
| JBGS | JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus … |
| BDN | Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and … |
| FSP | Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Piedmont Office Realty Trust
A-Score
1-Year Total Return ->
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Brandywine Realty
A-Score
1-Year Total Return ->
🥉
JBG SMITH
A-Score
1-Year Total Return ->
4
Paramount Group
A-Score
1-Year Total Return ->
5
Orion Office REIT
A-Score
1-Year Total Return ->
6
