PDM Real Estate

Piedmont Realty Trust, Inc.

$9.56-2.15%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Real Estate
Industry: REIT - Office
Country: United States
Market cap: 1.2B USD
Enterprise value: 3.4B USD
Full-time employees: 140

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.38 vs a peer median of 0.75) and more debt relative to equity (1.53× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.38 vs peers 0.75) and more debt vs equity (1.53× vs peers 0.80×)
About average: valuation

Ranks #552 of 632 real estate companies (bottom 13%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 78% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 78% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), Piedmont Realty Trust looks cheaper than 78% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Piedmont Realty Trust looks cheaper than 78% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Piedmont Realty Trust reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
More volatile share price. Beta 1.38: tends to move more than the market.
Piedmont Realty Trust's shares have swung more with the market than most peers' (beta 1.38, above the market's 1.0).

StockQuotient Score

29/ 100

Oct 5 29 → Nov 4 29

Valuation

Is the price right?

51/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 52 → 51

Share price +3.5%-3
Company's reported figures updated+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ EBITDA yield
▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.7%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yield7.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 1.22Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield2.6%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.87Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield123.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

31/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.31Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth-0.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.56Sector median: 0.0378 · MAD: 0.0744

Revenue growth0.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.25Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

16/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin14.1%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.57Sector median: 0.2683 · MAD: 0.2257

Return on assets-2.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.06Sector median: 0.0211 · MAD: 0.0134

Return on invested capital1.7%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -0.85Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin60.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-5.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.38

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.94Sector median: 0.7490 · MAD: 0.3270

Current ratio1.50×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 0.42Sector median: 1.1950 · MAD: 0.7210

Debt / equity1.53×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.86Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Piedmont Realty Trust

Is Piedmont Realty Trust getting weaker?: Its latest SEC filing (Jul 28, 2026) showed no major changes. Its overall score is unchanged at 29/100 since Oct 28, 2026.
How is Piedmont Realty Trust valued vs its peers?: Priced about in line with its peers. Valuation scores 51/100 against 762 real estate peers. EBITDA yield 7.8% vs a peer median of 5.4% (stronger than 78% of peers).EBITDA yield 7.8% vs peers 5.4% (stronger than 78% of peers). Earnings yield -6.7% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -6.7% vs peers 5.3% (weaker than 100% of peers).
Is Piedmont Realty Trust growing?: More slowly than most of its peers. Growth scores 31/100 against 762 real estate peers. 3-year revenue growth -0.4% vs a peer median of 3.8% (weaker than 67% of peers).3-year revenue growth -0.4% vs peers 3.8% (weaker than 67% of peers).
How profitable is Piedmont Realty Trust?: Less profitable than most of its peers. Profitability scores 16/100 against 762 real estate peers. Return on assets -2.0% vs a peer median of 2.1% (weaker than 92% of peers).Return on assets -2.0% vs peers 2.1% (weaker than 92% of peers).
How risky is Piedmont Realty Trust?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 1.38 vs a peer median of 0.75 (weaker than 89% of peers).Beta 1.38 vs peers 0.75 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 28, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Piedmont Realty Trust is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	565.6M USD	569.4M USD	+0.7%
Net income (12 months)	−86.4M USD	−80.7M USD	−6.6%
Debt	2.3B USD	2.3B USD	−0.1%
Cash	2.3M USD	16.8M USD	+636.5%
Shares outstanding	125.0M	125.1M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Office companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	-0.2%	26.0%	-8.4%	-13.9%	-14.8%	▼ 0.9 pts
Return on assets (ROA)	-0.0%	3.6%	-1.2%	-1.9%	-2.1%	▼ 0.2 pts
Return on equity (ROE)	-0.1%	7.9%	-2.8%	-5.0%	-5.6%	▼ 0.6 pts
Debt to equity	1.05×	1.07×	1.19×	1.40×	1.49×	▲ 6.2%

PDM price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Dear Life Co.,Ltd.3245.T95/ 100

Sakura Development Co.,Ltd2539.TW94/ 100

Millrose Properties, Inc.MRP94/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.38 vs a peer median of 0.75) and more debt relative to equity (1.53× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.38 vs peers 0.75) and more debt vs equity (1.53× vs peers 0.80×)

About average: valuation

Ranks #552 of 632 real estate companies (bottom 13%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 78% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 78% of peers on operating cash profit, but only 0% on earnings.

Relative to its operating cash profit (EBITDA), Piedmont Realty Trust looks cheaper than 78% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Piedmont Realty Trust looks cheaper than 78% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Piedmont Realty Trust reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

More volatile share price. Beta 1.38: tends to move more than the market.

Piedmont Realty Trust's shares have swung more with the market than most peers' (beta 1.38, above the market's 1.0).

Questions investors ask about Piedmont Realty Trust

Is Piedmont Realty Trust getting weaker?

Its latest SEC filing (Jul 28, 2026) showed no major changes. Its overall score is unchanged at 29/100 since Oct 28, 2026.

How is Piedmont Realty Trust valued vs its peers?

Priced about in line with its peers. Valuation scores 51/100 against 762 real estate peers. EBITDA yield 7.8% vs a peer median of 5.4% (stronger than 78% of peers).EBITDA yield 7.8% vs peers 5.4% (stronger than 78% of peers). Earnings yield -6.7% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -6.7% vs peers 5.3% (weaker than 100% of peers).

Is Piedmont Realty Trust growing?

More slowly than most of its peers. Growth scores 31/100 against 762 real estate peers. 3-year revenue growth -0.4% vs a peer median of 3.8% (weaker than 67% of peers).3-year revenue growth -0.4% vs peers 3.8% (weaker than 67% of peers).

How profitable is Piedmont Realty Trust?

Less profitable than most of its peers. Profitability scores 16/100 against 762 real estate peers. Return on assets -2.0% vs a peer median of 2.1% (weaker than 92% of peers).Return on assets -2.0% vs peers 2.1% (weaker than 92% of peers).

How risky is Piedmont Realty Trust?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 1.38 vs a peer median of 0.75 (weaker than 89% of peers).Beta 1.38 vs peers 0.75 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

565.6M USD

569.4M USD

+0.7%

Net income (12 months)

−86.4M USD

−80.7M USD

−6.6%

Debt

2.3B USD

2.3B USD

−0.1%

Cash

2.3M USD

16.8M USD

+636.5%

Shares outstanding

125.0M

125.1M

+0.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

-0.2%

26.0%

-8.4%

-13.9%

-14.8%

▼ 0.9 pts

Return on assets (ROA)

-0.0%

3.6%

-1.2%

-1.9%

-2.1%

▼ 0.2 pts

Return on equity (ROE)

-0.1%

7.9%

-2.8%

-5.0%

-5.6%

▼ 0.6 pts

Debt to equity

1.05×

1.07×

1.19×

1.40×

1.49×

▲ 6.2%