XNYS
PDM
Market cap874mUSD
May 16, Last price
7.03USD
1D
1.88%
1Q
-3.83%
Jan 2017
-66.38%
IPO
-55.37%
Name
Piedmont Office Realty Trust Inc
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 570,324 -1.29% | 577,756 2.48% | 563,766 6.63% | |||||||
Cost of revenue | 269,547 | 266,227 | 255,185 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 300,777 | 311,529 | 308,581 | |||||||
NOPBT Margin | 52.74% | 53.92% | 54.74% | |||||||
Operating Taxes | (125,748) | |||||||||
Tax Rate | ||||||||||
NOPAT | 300,777 | 311,529 | 434,329 | |||||||
Net income | (79,069) 63.41% | (48,387) -117.75% | 272,578 -535.07% | |||||||
Dividends | (61,864) | (93,122) | (104,374) | |||||||
Dividend yield | 5.46% | 10.59% | 9.21% | |||||||
Proceeds from repurchase of equity | (185) | (1,757) | (4,400) | |||||||
BB yield | 0.02% | 0.20% | 0.39% | |||||||
Debt | ||||||||||
Debt current | 368,317 | 350,000 | ||||||||
Long-term debt | 258,011 | 1,729,204 | 2,040,630 | |||||||
Deferred revenue | 59,977 | |||||||||
Other long-term liabilities | 2,194,277 | 557,901 | 56,949 | |||||||
Net debt | 148,374 | 2,096,696 | 2,369,911 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 198,112 | 210,131 | 215,215 | |||||||
CAPEX | (158,191) | (121,359) | ||||||||
Cash from investing activities | (186,616) | (196,020) | (1,247) | |||||||
Cash from financing activities | 98,180 | (29,505) | (203,228) | |||||||
FCF | 684,165 | 3,578,989 | 146,546 | |||||||
Balance | ||||||||||
Cash | 109,637 | 825 | 16,536 | |||||||
Long term investments | 4,183 | |||||||||
Excess cash | 81,121 | |||||||||
Stockholders' equity | (7,359) | (1,993,770) | (1,861,750) | |||||||
Invested Capital | 4,014,980 | 6,329,239 | 6,161,612 | |||||||
ROIC | 5.82% | 4.99% | 7.15% | |||||||
ROCE | 8.97% | 7.19% | 7.28% | |||||||
EV | ||||||||||
Common stock shares outstanding | 123,939 | 123,659 | 123,524 | |||||||
Price | 9.15 28.69% | 7.11 -22.46% | 9.17 -50.11% | |||||||
Market cap | 1,134,040 28.98% | 879,213 -22.38% | 1,132,714 -50.29% | |||||||
EV | 1,283,937 | 2,977,467 | 3,504,213 | |||||||
EBITDA | 457,610 | 538,375 | 523,974 | |||||||
EV/EBITDA | 2.81 | 5.53 | 6.69 | |||||||
Interest | 122,984 | 101,258 | 65,656 | |||||||
Interest/NOPBT | 40.89% | 32.50% | 21.28% |