Piedmont Office Realty Trust, Inc. PDM
Piedmont Office Realty Trust, Inc. (PDM), traded on the NYSE, is a real estate investment trust that acquires, manages, develops, and operates premium, Class A office properties. These assets are strategically situated in key sub-markets across seven major Eastern U.S. office markets, with the Sunbelt region contributing the majority of its revenue. The company's geographically diversified portfolio encompasses approximately 17 million square feet, valued at roughly $5 billion. As a self-managed and fully integrated REIT, Piedmont maintains local management teams within each of its operational markets and holds investment-grade credit ratings from S&P Global Ratings (BBB) and Moody's (Baa2). Demonstrating its commitment to sustainability, by the close of the third quarter, approximately 63% of its portfolio was ENERGY STAR certified, and around 41% had achieved LEED certification.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-17 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model PDM yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $564.99M | $-83.60M | $227.09M | $271.49M | $140.56M |
| 2024 | $570.32M | $-79.07M | $177.89M | $221.81M | $198.11M |
| 2023 | $577.76M | $-48.39M | $236.21M | $289.10M | $210.13M |
| 2022 | $563.77M | $146.83M | $224.55M | $437.04M | $215.22M |
| 2021 | $528.71M | $-1.15M | $206.61M | $256.73M | $242.20M |
| 2020 | $535.02M | $232.69M | $203.87M | $292.63M | $193.28M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2025-02-21 | 2025-02-21 | 2025-03-14 | 2025-02-03 | $0.12 | Quarterly |
| 2024-11-22 | 2024-11-22 | 2025-01-02 | 2024-10-24 | $0.12 | Quarterly |
| 2024-08-23 | 2024-08-23 | 2024-09-20 | 2024-07-25 | $0.12 | Quarterly |
| 2024-05-23 | 2024-05-24 | 2024-06-14 | 2024-04-24 | $0.12 | Quarterly |
| 2024-02-22 | 2024-02-23 | 2024-03-15 | 2024-02-01 | $0.12 | Quarterly |
| 2023-11-22 | 2023-11-24 | 2024-01-02 | 2023-10-25 | $0.12 | Quarterly |
| 2023-08-24 | 2023-08-25 | 2023-09-15 | 2023-07-26 | $0.12 | Quarterly |
| 2023-05-25 | 2023-05-26 | 2023-06-16 | 2023-05-01 | $0.21 | Quarterly |
| 2023-02-23 | 2023-02-24 | 2023-03-17 | 2023-02-01 | $0.21 | Quarterly |
| 2022-11-23 | 2022-11-25 | 2023-01-03 | 2022-10-25 | $0.21 | Quarterly |
| 2022-08-25 | 2022-08-26 | 2022-09-16 | 2022-07-27 | $0.21 | Quarterly |
| 2022-05-26 | 2022-05-27 | 2022-06-17 | 2022-04-27 | $0.21 | Quarterly |
| 2022-02-24 | 2022-02-25 | 2022-03-18 | 2022-02-02 | $0.21 | Quarterly |
| 2021-11-24 | 2021-11-26 | 2022-01-04 | 2021-10-27 | $0.21 | Quarterly |
| 2021-08-26 | 2021-08-27 | 2021-09-17 | 2021-07-28 | $0.21 | Quarterly |
| 2021-06-17 | 2021-06-18 | — | 2021-04-28 | $0.21 | Irregular |
| 2021-05-27 | 2021-05-28 | 2021-06-18 | 2021-04-28 | $0.21 | Quarterly |
| 2021-02-25 | 2021-02-26 | 2021-03-19 | 2021-02-02 | $0.21 | Quarterly |
| 2020-11-25 | 2020-11-27 | 2021-01-04 | 2020-10-28 | $0.21 | Quarterly |
| 2020-08-27 | 2020-08-28 | 2020-09-18 | 2020-07-29 | $0.21 | Quarterly |
| 2020-05-28 | 2020-05-29 | 2020-06-19 | 2020-04-29 | $0.21 | Quarterly |
| 2020-02-27 | 2020-02-28 | 2020-03-20 | 2020-02-04 | $0.21 | Quarterly |
| 2019-11-27 | 2019-11-29 | 2020-01-03 | 2019-10-30 | $0.21 | Quarterly |
| 2019-08-29 | 2019-08-30 | 2019-09-20 | 2019-07-31 | $0.21 | Quarterly |
Coverage (payout of operating cash flow): 44.26%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — PDM
Piedmont Realty Trust (NYSE:PDM) & BXP (NYSE:BXP) Critical Contrast
Piedmont Realty Trust Q2 Earnings Call Highlights
Piedmont Realty Trust (PDM) Q2 FFO and Revenues Top Estimates
Piedmont Realty Trust, Inc. Releases Second Quarter 2026 Results
Is Piedmont Realty Trust, Inc. (PDM) Stock Undervalued Right Now?
The Office Renaissance Continues: New Data Strengthen The Bull Case For AH Realty And Piedmont Realty
Bessemer Group Inc. Has $3.12 Million Stock Position in Piedmont Realty Trust, Inc. $PDM
Should Value Investors Buy Piedmont Realty Trust, Inc. (PDM) Stock?
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Office REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.