PDM

Real Estate

Piedmont Office Realty Trust, Inc. · REIT - Office · $1B

UQS Score — Balanced Preset
23.3
Poor

Piedmont Office Realty Trust, Inc. scores 23.3/100 using the Balanced preset.

UQS vs Real Estate Sector
PDM
23.3
Sector avg
38.4
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Weak
Valuation
Neutral

What is Piedmont Office Realty Trust, Inc.?

Piedmont Office Realty Trust (NYSE: PDM) owns and operates Class A office properties across major Eastern U.S. markets, with a strong concentration in Sunbelt cities. The company is structured as a self-managed REIT headquartered in Atlanta.

Piedmont generates revenue primarily through leasing Class A office space to tenants across seven major Eastern U.S. markets. As a fully-integrated, self-managed REIT, it handles property management, development, and redevelopment internally. The portfolio spans roughly 17 million square feet and carries investment-grade credit ratings from both S&P Global and Moody's. A meaningful share of its buildings hold ENERGY STAR or LEED certifications, reflecting a focus on sustainable, high-quality assets.

Piedmont Office Realty Trust was incorporated in 2010 and is headquartered in Atlanta, Georgia.

  • Class A office leasing in Sunbelt and Eastern U.S. markets
  • Property management and redevelopment services
  • Sustainable, ENERGY STAR and LEED certified office buildings
  • Self-managed REIT structure with local market offices

Is PDM a Good Stock to Buy?

UQS Score rates PDM as Poor overall, reflecting broad weakness across its fundamental pillar profile.

Among the five pillars, Valuation is the lone area registering a Neutral reading — suggesting the stock is not obviously expensive relative to its fundamentals. That relative affordability may appeal to investors who believe in a longer-term office recovery thesis.

Quality, Moat, Growth, and Risk all carry Weak ratings, pointing to persistent challenges in earnings durability, competitive positioning, and balance sheet resilience that are difficult to overlook.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does PDM pay dividends?

Yes — Piedmont Office Realty Trust, Inc. pays a dividend.

Piedmont pays a regular dividend, consistent with its REIT structure, which requires distributing the majority of taxable income to shareholders. Income-focused investors often screen REITs for dividend continuity, though the underlying business pressures reflected in PDM's pillar profile are worth weighing alongside any yield consideration.

When does PDM report earnings?

Piedmont Office Realty Trust reports earnings on a quarterly cadence, typical for U.S.-listed REITs.

Recent reporting periods have reflected the broader headwinds facing the office sector, including subdued leasing demand and elevated operating costs. Occupancy trends and same-store net operating income remain key metrics to watch each quarter.

For the most recent quarter's results and guidance, visit Piedmont Office Realty Trust's investor relations page directly.

PDM Price History

-43.1% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Piedmont Office Realty Trust, Inc.?

$
Today it would be worth
$5,809
That's a -41.9% total return, or -10.3% annualized.

Based on Piedmont Office Realty Trust, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

PDM Long-term Outlook

The fundamental outlook for PDM is cautious, shaped by Weak Growth and Weak Risk pillar ratings. The office real estate sector continues to navigate structural demand shifts, and Piedmont's Sunbelt concentration offers some geographic diversification but does not fully insulate it from broader leasing headwinds. The Neutral Valuation reading suggests limited downside from pricing alone, but improving the quality and growth trajectory would be necessary to shift the overall UQS profile meaningfully.

Growth drivers

  • Sunbelt market concentration in higher-demand office submarkets
  • Redevelopment pipeline converting older assets into competitive Class A space
  • Investment-grade credit ratings supporting access to capital

Key risks

  • Structural decline in office demand from hybrid and remote work trends
  • Weak Risk pillar signals balance sheet and cash flow vulnerability
  • Lease rollover exposure in a soft leasing environment

PDM vs Peers

Piedmont competes within the office and commercial REIT space alongside several peers with distinct portfolio strategies.

JBGSPDM scores higher
JBG SMITH Properties

JBG SMITH focuses on mixed-use, transit-oriented development in the Washington, D.C. metro area, giving it a more concentrated geographic and asset-type profile than Piedmont.

DEAPDM scores lower
Easterly Government Properties, Inc.

Easterly specializes in leasing to U.S. government agencies, providing more predictable, mission-critical tenant demand compared to Piedmont's private-sector office base.

PSTLPDM scores lower
Postal Realty Trust, Inc.

Postal Realty Trust owns properties leased to the U.S. Postal Service, representing a highly specialized niche far removed from Piedmont's Class A commercial office strategy.

Frequently Asked Questions

What does Piedmont Office Realty Trust do?

Piedmont Office Realty Trust owns, manages, and operates Class A office properties across seven major Eastern U.S. markets, with a Sunbelt focus. As a self-managed REIT, it handles leasing, property management, and redevelopment internally across a portfolio of roughly 17 million square feet.

Does PDM pay dividends?

Yes, Piedmont pays a regular dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders. Investors should review the company's investor relations page for the current dividend rate and payment schedule.

When does PDM report earnings?

Piedmont reports earnings on a quarterly cadence, consistent with U.S.-listed REIT norms. For specific upcoming reporting dates, check Piedmont Office Realty Trust's investor relations page or a financial data provider.

Is PDM a good stock to buy?

UQS Score rates PDM as Poor overall, with Weak readings across Quality, Moat, Growth, and Risk pillars. The Neutral Valuation reading is the lone relative bright spot. Whether it fits a portfolio depends on individual risk tolerance and thesis around office sector recovery.

Is PDM overvalued?

The UQS Valuation pillar for PDM registers as Neutral, suggesting the stock is not obviously expensive relative to its current fundamentals. However, valuation alone does not offset the Weak readings across the other four pillars. Pro members can view the full valuation breakdown.

How does PDM compare to its competitors?

Compared to peers like JBG SMITH, Easterly Government Properties, and Postal Realty Trust, Piedmont stands out for its diversified Sunbelt office focus and investment-grade credit ratings. However, its exposure to private-sector office leasing creates different demand dynamics than government-focused peers.

What is PDM's market cap bracket?

Piedmont Office Realty Trust is classified as a small-cap company. This places it below large-cap office REITs in terms of total market value, which can affect liquidity and institutional coverage relative to larger peers.

Who founded Piedmont Office Realty Trust?

Piedmont Office Realty Trust was incorporated in 2010. Detailed founding history and executive leadership information is publicly available through the company's official investor relations materials and SEC filings.

Is PDM a long-term quality investment?

From a long-term quality standpoint, PDM's UQS profile raises meaningful flags. Weak scores across Quality, Moat, Growth, and Risk pillars suggest the business faces structural challenges that would need to improve materially before the stock could be considered a high-quality long-term holding.

What is the main competitive advantage of Piedmont Office Realty Trust?

Piedmont's investment-grade credit ratings and self-managed REIT structure provide operational and financing advantages relative to externally managed peers. Its Sunbelt concentration also positions it in markets that have shown relatively stronger office demand compared to coastal gateway cities.

What sector does PDM belong to?

PDM belongs to the Real Estate sector, specifically the office REIT sub-segment. Investors can explore other [Real Estate sector stocks](/sector/real-estate) on UQS Score to compare quality profiles across the space.

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Pro Analysis

PDM — Score History

1520253035Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 14 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 22, 202623.311.315.028.814.858.6+2.2
May 10, 202621.117.615.028.80.048.00.0
May 8, 202621.117.615.028.80.047.9-4.2
May 7, 202625.38.815.028.832.158.40.0
May 4, 202625.38.815.028.832.158.6+0.2
May 3, 202625.18.815.027.932.158.6-0.1
Apr 26, 202625.28.815.027.932.158.9-0.1
Apr 19, 202625.38.815.027.932.159.9-0.1
Apr 18, 202625.48.815.027.932.160.6+1.4
Apr 14, 202624.08.815.027.932.151.10.0

PDM — Pillar Breakdown

Quality

11.3/100 (25%)

Piedmont Office Realty Trust, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

28.8/100 (20%)

Piedmont Office Realty Trust, Inc. faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

14.8/100 (15%)

Piedmont Office Realty Trust, Inc. presents elevated risk with concerns around leverage or financial stability.

Debt/EquityWeak

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

58.3/100 (15%)

Piedmont Office Realty Trust, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

15/100 (25%)

Piedmont Office Realty Trust, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PDM.

Score Composition

Quality
11.3×25%2.8
Growth
28.8×20%5.8
Risk
14.8×15%2.2
Valuation
58.3×15%8.7
Moat
15.0×25%3.8
Total
23.3Poor

Financial Data

More Stock Analysis

How is the PDM UQS Score Calculated?

The UQS (Unified Quality Score) for Piedmont Office Realty Trust, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Piedmont Office Realty Trust, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Piedmont Office Realty Trust, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.