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Piedmont Office Realty Trust (PDM) Financials

Piedmont Office Realty Trust logo
$6.53 +0.08 (+1.24%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$6.52 0.00 (-0.08%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Piedmont Office Realty Trust

Annual Income Statements for Piedmont Office Realty Trust

This table shows Piedmont Office Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 -79 -48 147 -1.15 233 229 130 134 100 131 42
Consolidated Net Income / (Loss)		 -79 -48 147 -1.17 233 229 130 134 100 131 42
Net Income / (Loss) Continuing Operations		 -79 -48 147 -1.17 233 229 130 134 100 1.55 40
Total Pre-Tax Income 		-79 -50 -4.90 -1.17 233 32 130 14 6.31 1.55 40
Total Revenue		 575 582 566 539 535 533 526 506 556 585 566
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -68 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 68 0.00 0.00 0.00
Total Non-Interest Income		 575 582 566 539 535 533 526 574 556 585 566
Other Service Charges		 4.35 3.94 2.71 10 15 - 22 - - 2.02 2.07
Other Non-Interest Income		 570 578 564 529 520 533 504 574 556 583 564
Total Non-Interest Expense		 530 530 506 489 446 441 410 493 485 511 458
Other Operating Expenses		 270 264 255 241 242 249 239 252 27 30 24
Depreciation Expense		 157 148 134 121 111 106 108 119 128 135 139
Amortization Expense		 70 88 91 86 93 77 63 75 75 61 57
Impairment Charge		 34 29 26 41 0.00 8.95 0.00 46 34 43 0.00
Nonoperating Income / (Expense), net		 -123 -102 -66 -51 144 -60 15 0.66 -64 -72 -68
Other Gains / (Losses), net		 -0.45 1.95 152 0.00 - 197 - 3.85 - - -
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.01 0.01 0.00 -0.01 -0.00 -0.01 -0.01 -0.02 -0.02 0.02 0.02
Basic Earnings per Share		 ($0.64) ($0.39) $1.19 ($0.01) $1.85 $1.82 $1.00 $0.92 $0.69 $0.87 $0.27
Weighted Average Basic Shares Outstanding		 123.94M 123.66M 123.35M 123.98M 125.73M 125.71M 130.16M 145.04M 145.23M 150.54M 154.45M
Diluted Earnings per Share		 ($0.64) ($0.39) $1.19 ($0.01) $1.85 $1.82 $1.00 $0.92 $0.69 $0.87 $0.27
Weighted Average Diluted Shares Outstanding		 123.94M 123.66M 123.52M 123.98M 126.10M 126.18M 130.64M 145.38M 145.64M 150.88M 154.59M
Weighted Average Basic & Diluted Shares Outstanding		 124.29M 123.80M 123.64M 123.26M 123.96M 125.89M 125.60M 145.20M 144.50M 150.90M 154.80M
Cash Dividends to Common per Share		 $0.50 $0.67 $0.84 $0.84 $0.84 $0.84 $0.84 $1.34 $0.84 $0.84 $0.81

Quarterly Income Statements for Piedmont Office Realty Trust

This table shows Piedmont Office Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -10 -30 -12 -9.81 -28 -28 -17 -1.99 -1.37 76 3.33
Consolidated Net Income / (Loss)		 -10 -30 -12 -9.81 -28 -28 -17 -1.99 -1.36 76 3.33
Net Income / (Loss) Continuing Operations		 -10 -30 -12 -9.81 -28 -28 -17 -1.99 -1.36 76 3.33
Total Pre-Tax Income 		-11 -30 -11 -9.81 -28 -30 -17 -1.99 -1.36 -25 3.33
Total Revenue		 143 145 141 143 145 147 147 143 144 148 144
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 143 145 141 143 145 147 147 143 144 148 144
Other Service Charges		 0.40 -4.62 2.09 6.59 0.28 -3.64 0.35 5.57 1.66 0.41 0.34
Other Non-Interest Income		 143 150 139 137 145 151 147 138 142 147 144
Total Non-Interest Expense		 122 143 120 124 142 147 136 123 123 152 124
Other Operating Expenses		 65 71 64 67 67 66 67 66 65 68 66
Depreciation Expense		 41 40 39 39 39 38 38 36 36 35 35
Amortization Expense		 15 16 17 18 18 24 20 21 22 24 23
Impairment Charge		 0.00 15 0.00 0.00 18 18 11 0.00 0.00 - -
Nonoperating Income / (Expense), net		 -32 -32 -32 -29 -30 -30 -28 -22 -22 -21 -17
Other Gains / (Losses), net		 0.79 - -0.45 - - - 0.00 - - 101 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Basic Earnings per Share		 ($0.08) ($0.25) ($0.09) ($0.08) ($0.22) ($0.22) ($0.14) ($0.02) ($0.01) $0.61 $0.03
Weighted Average Basic Shares Outstanding		 124.26M 123.94M 124.00M 123.95M 123.80M 123.66M 123.70M 123.67M 123.55M 123.35M 123.40M
Diluted Earnings per Share		 ($0.08) ($0.25) ($0.09) ($0.08) ($0.22) ($0.22) ($0.14) ($0.02) ($0.01) $0.61 $0.03
Weighted Average Diluted Shares Outstanding		 124.26M 123.94M 124.00M 123.95M 123.80M 123.66M 123.70M 123.67M 123.55M 123.52M 123.70M
Weighted Average Basic & Diluted Shares Outstanding		 124.41M 124.29M 124.00M 124.00M 123.89M 123.80M 123.71M 123.70M 123.64M 123.64M 123.40M
Cash Dividends to Common per Share		 $0.13 - $0.13 $0.13 $0.13 - $0.13 $0.21 $0.21 - $0.21

Annual Cash Flow Statements for Piedmont Office Realty Trust

This table details how cash moves in and out of Piedmont Office Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 110 -15 11 -0.35 -6.17 9.35 -2.72 0.55 -2.41 -7.37 5.33
Net Cash From Operating Activities		 198 210 215 242 193 208 203 243 232 224 217
Net Cash From Continuing Operating Activities		 198 210 215 242 193 208 203 243 232 224 217
Net Income / (Loss) Continuing Operations		 -79 -48 147 -1.17 233 229 130 134 100 131 42
Consolidated Net Income / (Loss)		 -79 -48 147 -1.17 233 229 130 134 100 131 42
Depreciation Expense		 157 148 134 121 111 106 108 119 128 135 139
Amortization Expense		 71 84 86 82 87 72 58 76 76 63 58
Non-Cash Adjustments to Reconcile Net Income		 44 32 -120 52 -191 -173 -64 -64 -51 -79 18
Changes in Operating Assets and Liabilities, net		 5.22 -6.55 -31 -11 -46 -26 -29 -22 -20 -26 -40
Net Cash From Investing Activities		 -187 -196 -1.25 -369 -198 134 324 241 -120 300 -267
Net Cash From Continuing Investing Activities		 -187 -196 -1.25 -369 -198 134 324 241 -120 300 -267
Purchase of Property, Leasehold Improvements and Equipment		 -212 -158 -121 -123 -113 -104 -72 -80 -110 -119 -169
Purchase of Investment Securities		 0.00 0.00 -271 -226 -417 -326 -155 -36 -350 -392 -117
Sale and/or Maturity of Investments		 75 1.95 416 0.00 360 590 578 388 366 0.00 6.02
Other Investing Activities, net		 -49 -40 -25 -20 -28 -26 -27 -31 -26 -38 -33
Net Cash From Financing Activities		 98 -30 -203 126 -1.58 -334 -529 -483 -114 -531 55
Net Cash From Continuing Financing Activities		 98 -30 -203 126 -1.58 -334 -529 -483 -114 -531 55
Issuance of Debt		 919 1,413 803 790 1,174 592 977 180 695 1,302 1,053
Repayment of Debt		 -757 -1,347 -898 -537 -1,037 -798 -1,021 -477 -707 -1,545 -816
Payment of Dividends		 -62 -93 -104 -104 -106 -106 -184 -122 -92 -127 -125
Other Financing Activities, Net		 -1.95 -1.76 -4.40 -3.12 -2.70 -4.01 -2.22 -3.59 -2.69 -2.04 -1.28

Quarterly Cash Flow Statements for Piedmont Office Realty Trust

This table details how cash moves in and out of Piedmont Office Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -107 -23 -6.86 136 3.56 -6.82 0.81 -165 155 6.76 4.99
Net Cash From Operating Activities		 3.71 65 43 67 23 50 65 55 40 51 72
Net Cash From Continuing Operating Activities		 3.71 65 43 67 23 50 65 55 40 51 72
Net Income / (Loss) Continuing Operations		 -10 -30 -12 -9.81 -28 -28 -17 -1.99 -1.36 76 3.33
Consolidated Net Income / (Loss)		 -10 -30 -12 -9.81 -28 -28 -17 -1.99 -1.36 76 3.33
Depreciation Expense		 41 40 39 39 39 38 38 36 36 35 35
Amortization Expense		 16 17 17 18 18 24 18 21 21 22 22
Non-Cash Adjustments to Reconcile Net Income		 1.90 19 2.63 2.20 21 15 13 2.16 1.76 -76 13
Changes in Operating Assets and Liabilities, net		 -45 19 -4.69 17 -27 -0.58 13 -2.60 -17 -7.48 0.42
Net Cash From Investing Activities		 -40 -86 -33 -66 -1.97 -59 -48 -43 -45 119 -314
Net Cash From Continuing Investing Activities		 -40 -86 -33 -66 -1.97 -59 -48 -43 -45 119 -314
Purchase of Property, Leasehold Improvements and Equipment		 -40 -72 -43 -51 -46 -45 -42 -35 -36 -26 -36
Sale and/or Maturity of Investments		 5.66 - 22 - 53 1.95 - - 0.00 154 -
Other Investing Activities, net		 -5.80 -14 -12 -15 -9.21 -16 -6.66 -7.72 -9.22 -8.83 -6.36
Net Cash From Financing Activities		 -71 -2.07 -17 135 -18 2.60 -16 -176 160 -164 246
Net Cash From Continuing Financing Activities		 -71 -2.07 -17 135 -18 2.60 -16 -176 160 -164 246
Issuance of Debt		 366 - - 460 459 300 613 233 267 42 544
Repayment of Debt		 -404 -1.02 -1.16 -309 -446 -297 -613 -383 -54 -205 -271
Payment of Dividends		 -31 -0.22 -16 -16 -31 -0.34 -15 -26 -51 -0.58 -26
Other Financing Activities, Net		 -2.31 -0.83 -0.03 -0.23 -0.86 -0.08 -0.03 -0.07 -1.58 -0.33 -0.37

Annual Balance Sheets for Piedmont Office Realty Trust

This table presents Piedmont Office Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 4,115 4,057 4,086 3,931 3,740 3,517 3,592 4,000 4,368 4,362 4,788
Cash and Due from Banks		 110 0.83 17 7.42 7.33 14 4.57 7.38 6.99 5.44 12
Restricted Cash		 4.25 3.38 3.06 1.44 1.88 1.84 1.46 1.37 1.21 5.17 5.68
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 3,297 3,308 3,334 3,044 2,848 2,698 2,592 2,734 2,985 3,514 3,416
Deferred Acquisition Cost		 260 262 284 265 272 266 236 245 277 288 229
Goodwill		 53 53 83 99 99 99 99 99 99 105 180
Intangible Assets		 60 83 114 94 91 74 78 78 100 85 70
Other Assets		 330 346 250 420 412 356 582 835 892 352 867
Total Liabilities & Shareholders' Equity		 4,115 4,057 4,086 3,931 3,740 3,517 3,592 4,000 4,368 4,362 4,788
Total Liabilities		 2,527 2,334 2,236 2,143 1,842 1,698 1,880 2,013 2,270 2,238 2,476
Other Short-Term Payables		 164 132 136 - 138 117 121 217 - 128 134
Long-Term Debt		 2,222 2,055 1,984 1,878 1,622 1,481 1,685 1,727 2,020 2,030 2,270
Other Long-Term Liabilities		 140 148 117 265 82 99 74 70 250 80 72
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,588 1,723 1,849 1,787 1,898 1,819 1,712 1,986 2,098 2,123 2,312
Total Preferred & Common Equity		 1,587 1,721 1,848 1,786 1,896 1,817 1,710 1,985 2,096 2,122 2,310
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,587 1,721 1,848 1,786 1,896 1,817 1,710 1,985 2,096 2,122 2,310
Common Stock		 3,725 3,718 3,712 3,703 3,695 3,688 3,684 3,679 3,675 3,671 3,668
Accumulated Other Comprehensive Income / (Loss)		 -10 -9.42 -8.68 -18 -24 0.97 8.46 8.16 2.10 1.66 8.30
Other Equity Adjustments		 -2,128 -1,987 -1,856 -1,899 -1,775 -1,871 -1,983 -1,702 -1,581 -1,551 -1,366
Noncontrolling Interest		 1.52 1.56 1.59 1.63 1.68 1.73 1.77 1.82 1.88 1.03 1.61

Quarterly Balance Sheets for Piedmont Office Realty Trust

This table presents Piedmont Office Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 4,004 4,138 4,159 3,994 4,074 4,094 4,237 4,185
Cash and Due from Banks		 2.91 134 138 3.54 5.04 5.17 171 11
Restricted Cash		 3.72 3.34 5.37 4.22 5.98 5.06 4.18 2.19
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 3,286 3,253 3,263 3,284 3,337 3,355 3,335 3,404
Deferred Acquisition Cost		 257 262 267 257 266 274 281 293
Goodwill		 53 53 53 53 72 83 83 99
Intangible Assets		 56 65 71 77 91 98 106 124
Other Assets		 345 368 361 315 297 274 258 254
Total Liabilities & Shareholders' Equity		 4,004 4,138 4,159 3,994 4,074 4,094 4,237 4,185
Total Liabilities		 2,442 2,508 2,500 2,312 2,307 2,297 2,417 2,388
Other Short-Term Payables		 120 151 141 107 121 108 98 111
Long-Term Debt		 2,186 2,222 2,222 2,070 2,050 2,049 2,198 2,145
Other Long-Term Liabilities		 136 135 138 135 136 140 121 131
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,562 1,630 1,658 1,682 1,767 1,797 1,820 1,797
Total Preferred & Common Equity		 1,560 1,629 1,657 1,680 1,765 1,796 1,819 1,796
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,560 1,629 1,657 1,680 1,765 1,796 1,819 1,796
Common Stock		 3,725 3,723 3,721 3,719 3,716 3,714 3,712 3,710
Accumulated Other Comprehensive Income / (Loss)		 -11 -11 -8.18 -8.09 -6.72 -6.98 -10 -9.19
Other Equity Adjustments		 -2,154 -2,083 -2,056 -2,030 -1,944 -1,911 -1,883 -1,906
Noncontrolling Interest		 1.52 1.54 1.54 1.55 1.57 1.57 1.59 1.60

Annual Metrics And Ratios for Piedmont Office Realty Trust

This table displays calculated financial ratios and metrics derived from Piedmont Office Realty Trust's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.21% 2.69% 5.11% 0.73% 0.35% 1.37% 3.94% -8.94% -4.97% 3.27% 3.03%
EBITDA Growth		 -4.21% 1.62% 10.78% -11.64% 5.91% -4.16% 35.44% -24.25% 1.25% -10.91% -2.12%
EBIT Growth		 -13.53% -14.82% 21.21% -43.53% -3.81% -20.23% 778.05% -81.39% -3.97% -31.64% -23.47%
NOPAT Growth		 -13.53% -14.82% 21.21% -60.47% -3.81% -20.23% -6.38% -88.96% 1,418.27% -31.64% -23.47%
Net Income Growth		 -63.43% -132.95% 12,681.83% -100.50% 1.50% 75.96% -2.44% 33.93% -24.07% 211.44% -57.30%
EPS Growth		 -64.10% -132.77% 12,000.00% -100.54% 1.65% 82.00% 8.70% 33.33% -20.69% 222.22% -55.00%
Operating Cash Flow Growth		 -5.72% -2.36% -11.14% 25.31% -7.29% 2.77% -16.45% 4.73% 3.65% 3.01% 0.97%
Free Cash Flow Firm Growth		 -101.72% 173.16% -13.65% 15.80% -169.04% -56.08% -18.33% -54.22% 129.53% 4,775.58% 95.95%
Invested Capital Growth		 0.87% -1.44% 4.58% 4.13% 6.65% -2.86% -8.50% -9.83% -0.84% -9.36% 2.66%
Revenue Q/Q Growth		 -0.36% -0.06% 0.75% 60.39% -37.88% -2.85% 16.26% 14.74% 0.81% -0.71% 1.09%
EBITDA Q/Q Growth		 -1.16% 3.64% 5.71% 174.39% -52.86% -7.13% 73.32% 9.44% 2.40% -0.49% -0.12%
EBIT Q/Q Growth		 4.03% 10.67% 21.46% 147.21% -78.49% -20.44% 1,780.93% 198.25% 1.18% 0.08% -5.59%
NOPAT Q/Q Growth		 4.03% 10.67% 21.46% 133.05% -78.49% -20.44% 458.46% 1,416.40% 2,185.35% 0.08% -5.59%
Net Income Q/Q Growth		 -2.53% -187.61% 271.67% 99.16% -58.82% 104.35% 143.56% -31.55% -35.04% 123.80% -30.27%
EPS Q/Q Growth		 -4.92% -188.64% 271.88% -102.27% -37.29% 104.49% 132.56% -31.34% -33.65% 128.95% -28.95%
Operating Cash Flow Q/Q Growth		 8.45% -0.77% -10.76% 10.34% 3.33% -7.25% -0.92% 2.80% -11.33% 15.36% 4.05%
Free Cash Flow Firm Q/Q Growth		 65.52% -42.06% 67.23% -29.40% -130.72% 3,470.14% 8.97% 91.35% 183.53% 301.28% 90.62%
Invested Capital Q/Q Growth		 -1.08% -1.04% -2.78% 3.96% -0.76% -7.29% -1.50% -4.23% -1.08% -8.14% 0.20%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 47.42% 48.90% 49.41% 46.88% 53.45% 50.64% 53.56% 41.10% 49.41% 46.38% 53.76%
EBIT Margin		 7.79% 8.90% 10.73% 9.30% 16.59% 17.31% 21.99% 2.60% 12.74% 12.61% 19.04%
Profit (Net Income) Margin		 -13.76% -8.32% 25.92% -0.22% 43.49% 43.00% 24.77% 26.39% 17.94% 22.46% 7.45%
Tax Burden Percent		 100.57% 96.13% -2,997.14% 100.00% 100.00% 710.96% 100.00% 965.65% 1,581.05% 8,455.83% 105.20%
Interest Burden Percent		 -175.68% -97.23% -8.06% -2.33% 262.16% 34.95% 112.65% 104.99% 8.91% 2.11% 37.17%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -837.85% -1,481.05% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.83% 0.95% 1.13% 0.98% 2.60% 2.76% 3.25% 3.16% 27.06% 1.69% 2.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.34% -3.24% 6.54% -1.10% 11.88% 11.41% 4.11% 3.69% -23.28% 4.37% -0.69%
Return on Net Nonoperating Assets (RNNOA)		 -5.60% -3.66% 6.94% -1.04% 9.92% 10.23% 3.79% 3.38% -22.34% 4.23% -0.62%
Return on Equity (ROE)		 -4.78% -2.71% 8.08% -0.06% 12.52% 12.98% 7.05% 6.54% 4.72% 5.92% 1.77%
Cash Return on Invested Capital (CROIC)		 -0.04% 2.41% -3.34% -3.07% -3.84% 5.66% 12.14% 13.49% 27.90% 11.51% -0.24%
Operating Return on Assets (OROA)		 1.10% 1.27% 1.52% 1.31% 2.45% 2.60% 3.05% 0.31% 1.62% 1.61% 2.28%
Return on Assets (ROA)		 -1.94% -1.19% 3.66% -0.03% 6.41% 6.45% 3.43% 3.19% 2.28% 2.87% 0.89%
Return on Common Equity (ROCE)		 -4.77% -2.71% 8.07% -0.06% 12.51% 12.97% 7.04% 6.53% 4.72% 5.92% 1.77%
Return on Equity Simple (ROE_SIMPLE)		 -4.98% -2.81% 7.95% -0.07% 12.27% 12.62% 7.62% 6.73% 4.76% 6.19% 1.83%
Net Operating Profit after Tax (NOPAT)		 31 36 43 35 89 92 116 124 1,119 74 108
NOPAT Margin		 5.45% 6.23% 7.51% 6.51% 16.59% 17.31% 21.99% 24.41% 201.39% 12.61% 19.04%
Net Nonoperating Expense Percent (NNEP)		 5.16% 4.19% -5.40% 2.07% -9.28% -8.65% -0.86% -0.53% 50.34% -2.68% 3.07%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 39.73% 41.39% 42.28%
Operating Expenses to Revenue		 92.21% 91.10% 89.27% 90.70% 83.41% 82.69% 78.01% 97.40% 87.26% 87.39% 80.96%
Earnings before Interest and Taxes (EBIT)		 45 52 61 50 89 92 116 13 71 74 108
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 272 284 280 253 286 270 282 208 275 271 304
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.72 0.48 0.52 1.04 0.83 1.14 0.91 0.97 0.92 0.79 0.73
Price to Tangible Book Value (P/TBV)		 0.77 0.52 0.59 1.16 0.93 1.26 1.01 1.06 1.02 0.86 0.82
Price to Revenue (P/Rev)		 1.97 1.42 1.70 3.43 2.96 3.87 2.95 3.79 3.47 2.85 2.98
Price to Earnings (P/E)		 0.00 0.00 6.58 0.00 6.80 9.00 11.89 14.35 19.31 12.71 39.98
Dividend Yield		 5.46% 10.04% 10.73% 5.64% 6.69% 5.12% 11.10% 10.09% 6.33% 7.32% 7.42%
Earnings Yield		 0.00% 0.00% 15.20% 0.00% 14.70% 11.11% 8.41% 6.97% 5.18% 7.87% 2.50%
Enterprise Value to Invested Capital (EV/IC)		 0.85 0.76 0.76 1.01 0.91 1.07 0.95 0.98 0.96 0.89 0.86
Enterprise Value to Revenue (EV/Rev)		 5.65 4.95 5.17 6.90 5.98 6.62 6.14 7.19 7.09 6.31 6.96
Enterprise Value to EBITDA (EV/EBITDA)		 11.91 10.11 10.47 14.72 11.18 13.08 11.47 17.49 14.35 13.60 12.94
Enterprise Value to EBIT (EV/EBIT)		 72.50 55.59 48.25 74.21 36.03 38.28 27.93 276.10 55.66 50.04 36.53
Enterprise Value to NOPAT (EV/NOPAT)		 103.58 79.42 68.93 106.01 36.03 38.28 27.93 29.44 3.52 50.04 36.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.38 13.69 13.62 15.36 16.54 16.94 15.93 14.98 16.99 16.49 18.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 31.41 0.00 0.00 0.00 18.64 7.49 6.88 3.41 7.34 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.40 1.19 1.07 1.05 0.85 0.81 0.98 0.87 0.96 0.96 0.98
Long-Term Debt to Equity		 1.40 1.19 1.07 1.05 0.85 0.81 0.98 0.87 0.96 0.96 0.98
Financial Leverage		 1.29 1.13 1.06 0.95 0.83 0.90 0.92 0.92 0.96 0.97 0.90
Leverage Ratio		 2.47 2.28 2.20 2.08 1.95 2.01 2.05 2.05 2.07 2.06 1.98
Compound Leverage Factor		 -4.34 -2.22 -0.18 -0.05 5.12 0.70 2.31 2.15 0.18 0.04 0.74
Debt to Total Capital		 58.32% 54.39% 51.75% 51.23% 46.08% 44.89% 49.61% 46.51% 49.06% 48.87% 49.54%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 58.32% 54.39% 51.75% 51.23% 46.08% 44.89% 49.61% 46.51% 49.06% 48.87% 49.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.02% 0.04%
Common Equity to Total Capital		 41.64% 45.57% 48.21% 48.72% 53.87% 55.06% 50.34% 53.45% 50.89% 51.11% 50.42%
Debt to EBITDA		 8.16 7.22 7.09 7.43 5.67 5.49 5.98 8.30 7.36 7.48 7.46
Net Debt to EBITDA		 7.74 7.21 7.02 7.40 5.64 5.43 5.96 8.26 7.33 7.44 7.40
Long-Term Debt to EBITDA		 8.16 7.22 7.09 7.43 5.67 5.49 5.98 8.30 7.36 7.48 7.46
Debt to NOPAT		 70.94 56.71 46.64 53.52 18.27 16.06 14.57 13.98 1.81 27.53 21.05
Net Debt to NOPAT		 67.31 56.60 46.18 53.26 18.17 15.89 14.52 13.91 1.80 27.39 20.89
Long-Term Debt to NOPAT		 70.94 56.71 46.64 53.52 18.27 16.06 14.57 13.98 1.81 27.53 21.05
Noncontrolling Interest Sharing Ratio		 0.09% 0.09% 0.09% 0.09% 0.09% 0.10% 0.10% 0.09% 0.07% 0.06% 0.07%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.58 92 -125 -110 -131 190 431 528 1,154 503 -11
Operating Cash Flow to CapEx		 93.40% 132.83% 177.34% 197.51% 171.69% 201.33% 281.35% 304.15% 210.33% 188.49% 128.58%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.76 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.56 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.39 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.14 0.14 0.14 0.14 0.15 0.15 0.14 0.12 0.13 0.13 0.12
Fixed Asset Turnover		 0.17 0.18 0.18 0.18 0.19 0.20 0.20 0.18 0.17 0.17 0.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,810 3,778 3,833 3,665 3,520 3,300 3,398 3,713 4,118 4,153 4,582
Invested Capital Turnover		 0.15 0.15 0.15 0.15 0.16 0.16 0.15 0.13 0.13 0.13 0.13
Increase / (Decrease) in Invested Capital		 33 -55 168 145 220 -97 -316 -405 -35 -429 119
Enterprise Value (EV)		 3,245 2,877 2,931 3,720 3,198 3,532 3,231 3,637 3,940 3,689 3,938
Market Capitalization		 1,135 825 966 1,849 1,583 2,064 1,550 1,917 1,926 1,669 1,685
Book Value per Share		 $12.80 $13.91 $14.97 $14.39 $15.05 $14.45 $13.32 $13.75 $14.43 $14.59 $14.97
Tangible Book Value per Share		 $11.88 $12.81 $13.37 $12.83 $13.54 $13.07 $11.95 $12.52 $13.06 $13.28 $13.35
Total Capital		 3,810 3,778 3,833 3,665 3,520 3,300 3,398 3,713 4,118 4,153 4,582
Total Debt		 2,222 2,055 1,984 1,878 1,622 1,481 1,685 1,727 2,020 2,030 2,270
Total Long-Term Debt		 2,222 2,055 1,984 1,878 1,622 1,481 1,685 1,727 2,020 2,030 2,270
Net Debt		 2,108 2,050 1,964 1,869 1,613 1,466 1,679 1,718 2,012 2,019 2,252
Capital Expenditures (CapEx)		 212 158 121 123 113 104 72 80 110 119 169
Net Nonoperating Expense (NNE)		 110 85 -104 36 -144 -137 -15 -10 1,019 -58 66
Net Nonoperating Obligations (NNO)		 2,222 2,055 1,984 1,878 1,622 1,481 1,685 1,727 2,020 2,030 2,270
Total Depreciation and Amortization (D&A)		 228 233 219 203 197 178 166 195 204 197 197
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.64) ($0.39) $1.19 ($0.01) $1.85 $1.82 $1.00 $0.92 $0.74 $1.15 $0.28
Adjusted Weighted Average Basic Shares Outstanding		 123.94M 123.66M 123.35M 123.98M 125.73M 125.71M 130.16M 145.04M 145.23M 150.54M 154.45M
Adjusted Diluted Earnings per Share		 ($0.64) ($0.39) $1.19 ($0.01) $1.85 $1.82 $1.00 $0.92 $0.74 $1.15 $0.28
Adjusted Weighted Average Diluted Shares Outstanding		 123.94M 123.66M 123.52M 123.98M 126.10M 126.18M 130.64M 145.38M 145.63M 150.88M 154.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.85 $1.82 $1.00 $0.92 $0.74 $1.15 $0.28
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 124.29M 123.80M 123.64M 123.26M 123.96M 125.89M 125.60M 135.07M 145.32M 145.06M 154.34M
Normalized Net Operating Profit after Tax (NOPAT)		 55 57 61 64 62 71 81 42 73 82 75
Normalized NOPAT Margin		 9.57% 9.77% 10.72% 11.84% 11.61% 13.29% 15.39% 8.25% 13.19% 14.01% 13.33%
Pre Tax Income Margin		 -13.68% -8.65% -0.86% -0.22% 43.49% 6.05% 24.77% 2.73% 1.13% 0.27% 7.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.19 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.81 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.98 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.64 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -78.25% -192.49% 71.08% -8,903.60% 45.69% 46.43% 141.29% 91.56% 91.88% 96.35% 296.92%
Augmented Payout Ratio		 -78.25% -192.49% 71.08% -10,577.72% 58.57% 53.80% 370.49% 136.84% 99.84% 217.33% 426.89%

Quarterly Metrics And Ratios for Piedmont Office Realty Trust

This table displays calculated financial ratios and metrics derived from Piedmont Office Realty Trust's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.20% -1.40% -4.04% 0.13% 0.55% -0.24% 2.01% 5.01% 4.23% 2.94% 8.27%
EBITDA Growth		 32.45% -5.12% 14.56% -0.38% -23.62% 19.06% -12.60% 3.19% 2.56% 40.59% 4.69%
EBIT Growth		 810.22% 708.16% 87.82% -0.93% -88.71% 105.16% -45.66% -9.76% -10.68% 69.35% -13.37%
NOPAT Growth		 810.22% 708.16% 87.82% -0.93% -88.71% 105.16% -61.96% -36.83% -37.47% 69.35% -13.37%
Net Income Growth		 63.63% -6.96% 32.25% -394.06% -1,935.26% -137.09% -610.39% -124.92% -102.27% 337.98% -70.52%
EPS Growth		 63.64% -13.64% 35.71% -300.00% -2,100.00% -136.07% -566.67% -133.33% -102.04% 334.62% -66.67%
Operating Cash Flow Growth		 -84.10% 31.13% -34.34% 21.90% -42.17% -3.18% -9.55% 5.57% 1.38% -33.61% 11.36%
Free Cash Flow Firm Growth		 -92.93% -156.75% -115.01% 94.19% 153.17% 132.47% 133.59% -586.53% -799.79% -9.58% -985.02%
Invested Capital Growth		 -0.11% 0.87% 0.91% 0.87% -6.62% -1.44% -3.18% 10.20% 14.80% 4.58% 11.83%
Revenue Q/Q Growth		 -1.46% 2.70% -1.31% -1.07% -1.90% -0.05% 2.98% -0.66% -2.43% 2.20% 6.01%
EBITDA Q/Q Growth		 32.71% -23.61% 1.16% 29.15% -5.46% -7.76% -12.04% -0.98% 48.18% -32.28% 3.85%
EBIT Q/Q Growth		 975.25% -90.57% 8.05% 730.87% 292.45% -97.81% -43.01% -5.29% 536.43% -123.07% -5.35%
NOPAT Q/Q Growth		 975.25% -90.57% 8.05% 730.87% 292.45% -97.81% -43.01% -5.29% 536.43% -116.15% -5.35%
Net Income Q/Q Growth		 66.31% -160.24% -17.46% 64.67% 0.95% -64.86% -756.47% -45.53% -101.80% 2,168.69% -58.18%
EPS Q/Q Growth		 68.00% -177.78% -12.50% 63.64% 0.00% -57.14% -600.00% -100.00% -101.64% 1,933.33% -50.00%
Operating Cash Flow Q/Q Growth		 -94.29% 51.67% -35.83% 186.06% -52.90% -24.06% 19.14% 35.70% -21.15% -29.05% 39.05%
Free Cash Flow Firm Q/Q Growth		 160.04% -57.65% -0.52% -107.43% 379.89% -58.30% 138.90% 32.00% -194.38% 56.86% -663.32%
Invested Capital Q/Q Growth		 -1.64% -1.08% -0.72% 3.41% -0.68% -1.04% -0.76% -4.27% 4.83% -2.78% 12.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 54.88% 40.75% 54.79% 53.45% 40.94% 42.35% 45.89% 53.72% 53.89% 35.48% 53.56%
EBIT Margin		 14.88% 1.36% 14.85% 13.57% 1.62% 0.17% 7.59% 13.71% 14.38% -3.22% 14.25%
Profit (Net Income) Margin		 -7.06% -20.64% -8.15% -6.85% -19.17% -19.03% -11.54% -1.39% -0.95% 51.19% 2.31%
Tax Burden Percent		 92.75% 100.00% 104.02% 100.00% 100.00% 93.51% 100.00% 100.00% 100.00% -296.53% 100.00%
Interest Burden Percent		 -51.14% -1,513.99% -52.74% -50.46% -1,186.87% -12,233.88% -152.07% -10.12% -6.59% 536.98% 16.19%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.59% 0.14% 1.56% 1.43% 0.17% 0.02% 0.80% 1.52% 1.53% -0.34% 2.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.42% -1.32% 0.34% 0.34% -1.21% -1.38% -0.39% 0.67% 0.71% 3.75% 1.24%
Return on Net Nonoperating Assets (RNNOA)		 0.55% -1.71% 0.42% 0.42% -1.47% -1.56% -0.46% 0.69% 0.75% 3.98% 1.29%
Return on Equity (ROE)		 2.14% -1.56% 1.99% 1.85% -1.30% -1.54% 0.34% 2.21% 2.29% 3.64% 3.44%
Cash Return on Invested Capital (CROIC)		 1.30% -0.04% -0.12% -0.27% 7.45% 2.41% 4.07% -8.64% -12.70% -3.34% -10.23%
Operating Return on Assets (OROA)		 2.13% 0.19% 2.09% 1.92% 0.23% 0.02% 1.07% 2.04% 2.07% -0.45% 2.02%
Return on Assets (ROA)		 -1.01% -2.90% -1.14% -0.97% -2.71% -2.72% -1.63% -0.21% -0.14% 7.24% 0.33%
Return on Common Equity (ROCE)		 2.14% -1.56% 1.98% 1.85% -1.30% -1.54% 0.34% 2.21% 2.29% 3.63% 3.43%
Return on Equity Simple (ROE_SIMPLE)		 -3.94% 0.00% -4.73% -4.99% -4.45% 0.00% 3.13% 4.21% 4.70% 0.00% 2.20%
Net Operating Profit after Tax (NOPAT)		 15 1.39 15 14 1.64 0.17 7.83 14 14 -3.32 21
NOPAT Margin		 10.42% 0.95% 10.40% 9.50% 1.13% 0.12% 5.31% 9.60% 10.07% -2.25% 14.25%
Net Nonoperating Expense Percent (NNEP)		 1.17% 1.47% 1.23% 1.10% 1.38% 1.40% 1.18% 0.84% 0.82% -4.09% 0.91%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 85.12% 98.64% 85.15% 86.43% 98.38% 99.83% 92.41% 86.29% 85.62% 103.22% 85.75%
Earnings before Interest and Taxes (EBIT)		 21 1.98 21 19 2.34 0.25 11 20 21 -4.75 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 79 59 77 77 59 62 68 77 78 52 77
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.59 0.72 0.77 0.53 0.50 0.48 0.37 0.46 0.44 0.52 0.61
Price to Tangible Book Value (P/TBV)		 0.63 0.77 0.83 0.58 0.54 0.52 0.40 0.51 0.49 0.59 0.70
Price to Revenue (P/Rev)		 1.60 1.97 2.17 1.52 1.45 1.42 1.11 1.42 1.39 1.70 1.96
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 11.73 10.87 9.33 6.58 27.94
Dividend Yield		 6.78% 5.46% 4.95% 6.99% 8.59% 10.04% 14.43% 12.65% 13.02% 10.73% 9.39%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.53% 9.20% 10.72% 15.20% 3.58%
Enterprise Value to Invested Capital (EV/IC)		 0.83 0.85 0.87 0.76 0.77 0.76 0.70 0.74 0.70 0.76 0.82
Enterprise Value to Revenue (EV/Rev)		 5.41 5.65 5.79 5.09 4.99 4.95 4.62 4.94 4.93 5.17 5.76
Enterprise Value to EBITDA (EV/EBITDA)		 10.62 11.91 12.11 11.16 10.92 10.11 9.79 10.07 10.02 10.47 12.23
Enterprise Value to EBIT (EV/EBIT)		 48.62 72.50 77.62 89.33 87.08 55.59 57.49 50.96 48.43 48.25 64.73
Enterprise Value to NOPAT (EV/NOPAT)		 69.46 103.58 110.88 127.61 124.40 79.42 82.12 72.80 69.19 68.93 92.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.35 16.38 18.28 14.46 15.05 13.69 12.69 13.09 13.08 13.62 13.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 63.71 0.00 0.00 0.00 10.04 31.41 17.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.40 1.40 1.36 1.34 1.23 1.19 1.16 1.14 1.21 1.07 1.19
Long-Term Debt to Equity		 1.40 1.40 1.36 1.34 1.23 1.19 1.16 1.14 1.21 1.07 1.19
Financial Leverage		 1.31 1.29 1.26 1.24 1.22 1.13 1.18 1.03 1.06 1.06 1.04
Leverage Ratio		 2.47 2.47 2.42 2.39 2.35 2.28 2.32 2.16 2.17 2.20 2.17
Compound Leverage Factor		 -1.26 -37.37 -1.27 -1.21 -27.90 -278.86 -3.52 -0.22 -0.14 11.84 0.35
Debt to Total Capital		 58.33% 58.32% 57.68% 57.26% 55.17% 54.39% 53.71% 53.27% 54.70% 51.75% 54.41%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 58.33% 58.32% 57.68% 57.26% 55.17% 54.39% 53.71% 53.27% 54.70% 51.75% 54.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
Common Equity to Total Capital		 41.63% 41.64% 42.28% 42.70% 44.79% 45.57% 46.25% 46.68% 45.26% 48.21% 45.55%
Debt to EBITDA		 7.49 8.16 8.06 8.36 7.78 7.22 7.47 7.21 7.80 7.09 8.10
Net Debt to EBITDA		 7.47 7.74 7.56 7.82 7.75 7.21 7.43 7.17 7.18 7.02 8.05
Long-Term Debt to EBITDA		 7.49 8.16 8.06 8.36 7.78 7.22 7.47 7.21 7.80 7.09 8.10
Debt to NOPAT		 49.03 70.94 73.79 95.61 88.59 56.71 62.63 52.13 53.88 46.64 61.27
Net Debt to NOPAT		 48.88 67.31 69.24 89.42 88.26 56.60 62.30 51.87 49.59 46.18 60.90
Long-Term Debt to NOPAT		 49.03 70.94 73.79 95.61 88.59 56.71 62.63 52.13 53.88 46.64 61.27
Noncontrolling Interest Sharing Ratio		 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 19 -32 -20 -20 268 56 133 -342 -504 -171 -396
Operating Cash Flow to CapEx		 9.37% 90.18% 99.74% 131.22% 50.72% 110.72% 156.47% 154.57% 111.65% 198.17% 198.45%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.14 0.14 0.14
Fixed Asset Turnover		 0.17 0.17 0.18 0.18 0.18 0.18 0.17 0.18 0.18 0.18 0.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,748 3,810 3,852 3,880 3,752 3,778 3,817 3,847 4,018 3,833 3,943
Invested Capital Turnover		 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.16 0.15 0.15 0.15
Increase / (Decrease) in Invested Capital		 -4.02 33 35 33 -266 -55 -125 356 518 168 417
Enterprise Value (EV)		 3,097 3,245 3,339 2,965 2,907 2,877 2,688 2,862 2,823 2,931 3,238
Market Capitalization		 916 1,135 1,252 886 843 825 647 821 798 966 1,104
Book Value per Share		 $12.55 $12.80 $13.13 $13.37 $13.57 $13.91 $14.27 $14.52 $14.71 $14.97 $14.55
Tangible Book Value per Share		 $11.67 $11.88 $12.18 $12.37 $12.52 $12.81 $12.95 $13.06 $13.18 $13.37 $12.75
Total Capital		 3,748 3,810 3,852 3,880 3,752 3,778 3,817 3,847 4,018 3,833 3,943
Total Debt		 2,186 2,222 2,222 2,222 2,070 2,055 2,050 2,049 2,198 1,984 2,145
Total Long-Term Debt		 2,186 2,222 2,222 2,222 2,070 2,055 2,050 2,049 2,198 1,984 2,145
Net Debt		 2,180 2,108 2,085 2,078 2,062 2,050 2,039 2,039 2,023 1,964 2,133
Capital Expenditures (CapEx)		 40 72 43 51 46 45 42 35 36 26 36
Net Nonoperating Expense (NNE)		 25 31 26 23 29 28 25 16 16 -79 17
Net Nonoperating Obligations (NNO)		 2,186 2,222 2,222 2,222 2,070 2,055 2,050 2,049 2,198 1,984 2,145
Total Depreciation and Amortization (D&A)		 57 57 56 57 57 62 56 57 57 57 57
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) ($0.25) ($0.09) ($0.08) ($0.22) ($0.22) ($0.14) ($0.02) ($0.01) $0.61 $0.03
Adjusted Weighted Average Basic Shares Outstanding		 124.26M 123.94M 124.00M 123.95M 123.80M 123.66M 123.70M 123.67M 123.55M 123.35M 123.40M
Adjusted Diluted Earnings per Share		 ($0.08) ($0.25) ($0.09) ($0.08) ($0.22) ($0.22) ($0.14) ($0.02) ($0.01) $0.61 $0.03
Adjusted Weighted Average Diluted Shares Outstanding		 124.26M 123.94M 124.00M 123.95M 123.80M 123.66M 123.70M 123.67M 123.55M 123.52M 123.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 124.41M 124.29M 124.00M 124.00M 123.89M 123.80M 123.71M 123.70M 123.64M 123.64M 123.40M
Normalized Net Operating Profit after Tax (NOPAT)		 15 12 15 14 15 13 15 14 14 -3.32 14
Normalized NOPAT Margin		 10.42% 8.38% 10.40% 9.50% 10.04% 8.91% 10.52% 9.60% 10.07% -2.25% 9.97%
Pre Tax Income Margin		 -7.61% -20.64% -7.83% -6.85% -19.17% -20.35% -11.54% -1.39% -0.95% -17.26% 2.31%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -101.10% -78.25% -80.38% -75.00% -96.85% -192.49% 169.07% 137.41% 121.34% 71.08% 262.78%
Augmented Payout Ratio		 -101.10% -78.25% -80.38% -75.00% -96.85% -192.49% 169.07% 137.41% 121.34% 71.08% 262.78%

Frequently Asked Questions About Piedmont Office Realty Trust's Financials

When does Piedmont Office Realty Trust's fiscal year end?

According to the most recent income statement we have on file, Piedmont Office Realty Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Piedmont Office Realty Trust's net income changed over the last 10 years?

Piedmont Office Realty Trust's net income appears to be on a downward trend, with a most recent value of -$79.06 million in 2024, falling from $42.17 million in 2014. The previous period was -$48.38 million in 2023. View Piedmont Office Realty Trust's forecast to see where analysts expect Piedmont Office Realty Trust to go next.

How has Piedmont Office Realty Trust revenue changed over the last 10 years?

Over the last 10 years, Piedmont Office Realty Trust's total revenue changed from $566.25 million in 2014 to $574.67 million in 2024, a change of 1.5%.

How much debt does Piedmont Office Realty Trust have?

Piedmont Office Realty Trust's total liabilities were at $2.53 billion at the end of 2024, a 8.2% increase from 2023, and a 2.0% increase since 2014.

How much cash does Piedmont Office Realty Trust have?

In the past 10 years, Piedmont Office Realty Trust's cash and equivalents has ranged from $825 thousand in 2023 to $109.64 million in 2024, and is currently $109.64 million as of their latest financial filing in 2024.

How has Piedmont Office Realty Trust's book value per share changed over the last 10 years?

Over the last 10 years, Piedmont Office Realty Trust's book value per share changed from 14.97 in 2014 to 12.80 in 2024, a change of -14.5%.


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This page (NYSE:PDM) was last updated on 5/25/2025 by MarketBeat.com Staff
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