Financials Piedmont Office Realty Trust, Inc.

Equities

PDM

US7201902068

Commercial REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
6.71 USD -0.15% Intraday chart for Piedmont Office Realty Trust, Inc. +3.23% -5.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,797 2,045 2,282 1,132 879.6 831.3 - -
Enterprise Value (EV) 1 4,270 3,670 4,157 1,132 2,933 2,856 2,469 2,605
P/E ratio 12.2 x 8.77 x -1,838 x 7.71 x -18.2 x -18.5 x -27.4 x -110 x
Yield 3.78% 5.18% 4.57% - 9.42% 7.45% 7.85% 8.42%
Capitalization / Revenue 5.25 x 3.82 x 4.32 x 2.01 x 1.52 x 1.47 x 1.48 x 1.5 x
EV / Revenue 8.01 x 6.86 x 7.86 x 2.01 x 5.08 x 5.04 x 4.38 x 4.71 x
EV / EBITDA 14.8 x 12.4 x 14 x 3.61 x 9.24 x 9.55 x 8.35 x 8.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.54 x 1.06 x 1.27 x - 0.51 x 0.51 x 0.55 x 0.58 x
Nbr of stocks (in thousands) 125,783 126,029 124,137 123,395 123,713 123,888 - -
Reference price 2 22.24 16.23 18.38 9.170 7.110 6.710 6.710 6.710
Announcement Date 2/4/20 2/10/21 2/7/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 533.2 535 528.7 563.8 577.8 566.4 563.4 553.2
EBITDA 1 288.6 295.2 297.7 313.5 317.4 298.9 295.5 292.8
EBIT 1 92.27 88.76 80.92 58.05 47.82 63.88 70.47 74.57
Operating Margin 17.3% 16.59% 15.3% 10.3% 8.28% 11.28% 12.51% 13.48%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 229.3 232.7 -1.153 146.8 -48.39 -51.1 -40.31 -31.4
Net margin 43% 43.5% -0.22% 26.04% -8.37% -9.02% -7.15% -5.68%
EPS 2 1.820 1.850 -0.0100 1.190 -0.3900 -0.3623 -0.2448 -0.0613
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8400 0.8400 0.8400 - 0.6700 0.5000 0.5267 0.5650
Announcement Date 2/4/20 2/10/21 2/7/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 131.1 138.2 136.1 136.3 144.1 147.2 142.4 143.1 147 145.3 143.2 139.7 140.9 142.2 139.8
EBITDA - - - - - - - - - - - - - - -
EBIT 1 21.41 20.28 21.16 21.8 20.24 -5.154 19.06 19.62 21.79 -1.688 15.88 14.61 15.94 15.25 15.14
Operating Margin 16.34% 14.68% 15.55% 15.99% 14.05% -3.5% 13.39% 13.71% 14.82% -1.16% 11.09% 10.46% 11.31% 10.72% 10.82%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 11.31 -31.75 59.96 7.966 3.331 75.57 -1.367 -1.988 -17 -28.03 -14.34 -15.96 -13.62 -13.27 -13.31
Net margin 8.63% -22.98% 44.04% 5.84% 2.31% 51.33% -0.96% -1.39% -11.57% -19.29% -10.01% -11.43% -9.67% -9.33% -9.52%
EPS 2 0.0900 -0.2600 0.4900 0.0600 0.0300 0.6100 -0.0100 -0.0200 -0.1400 -0.2300 -0.0927 -0.1096 -0.0884 -0.0717 -
Dividend per Share 2 0.2100 0.2100 0.2100 0.2100 0.2100 - 0.2100 0.2100 0.1250 0.1250 0.1300 0.1300 0.1300 0.1300 0.1350
Announcement Date 10/27/21 2/7/22 4/27/22 7/27/22 11/2/22 2/8/23 5/1/23 7/18/23 10/30/23 2/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,473 1,625 1,875 - 2,054 2,025 1,638 1,774
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.105 x 5.503 x 6.299 x - 6.47 x 6.773 x 5.542 x 6.058 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 13% 12.5% 2.16% - -2.71% -2.69% -1.94% -0.51%
ROA (Net income/ Total Assets) 6.45% 6.41% 1.04% - -1.19% -1.13% -0.82% -0.22%
Assets 1 3,555 3,628 -111 - 4,071 4,534 4,892 14,143
Book Value Per Share 2 14.40 15.30 14.50 - 13.90 13.10 12.30 11.70
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/4/20 2/10/21 2/7/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
6.71 USD
Average target price
9.167 USD
Spread / Average Target
+36.61%
Consensus
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  4. Financials Piedmont Office Realty Trust, Inc.