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Piedmont Office Realty Trust (PDM) Financials

Piedmont Office Realty Trust logo
$6.64 +0.36 (+5.73%)
Closing price 05/2/2025 03:59 PM Eastern
Extended Trading
$6.44 -0.20 (-3.01%)
As of 04:28 AM Eastern
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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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 42 131 100 134 130 229 233 -1.15 147 -48 -79
Consolidated Net Income / (Loss)		 42 131 100 134 130 229 233 -1.17 147 -48 -79
Net Income / (Loss) Continuing Operations		 40 1.55 100 134 130 229 233 -1.17 147 -48 -79
Total Pre-Tax Income 		40 1.55 6.31 14 130 32 233 -1.17 -4.90 -50 -79
Total Revenue		 566 585 556 506 526 533 535 539 566 582 575
Net Interest Income / (Expense)		 0.00 0.00 0.00 -68 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 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 68 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 566 585 556 574 526 533 535 539 566 582 575
Other Service Charges		 2.07 2.02 - - 22 - 15 10 2.71 3.94 4.35
Other Non-Interest Income		 564 583 556 574 504 533 520 529 564 578 570
Total Non-Interest Expense		 458 511 485 493 410 441 446 489 506 530 530
Other Operating Expenses		 24 30 27 252 239 249 242 241 255 264 270
Depreciation Expense		 139 135 128 119 108 106 111 121 134 148 157
Amortization Expense		 57 61 75 75 63 77 93 86 91 88 70
Impairment Charge		 0.00 43 34 46 0.00 8.95 0.00 41 26 29 34
Nonoperating Income / (Expense), net		 -68 -72 -64 0.66 15 -60 144 -51 -66 -102 -123
Other Gains / (Losses), net		 - - - 3.85 - 197 - 0.00 152 1.95 -0.45
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.02 0.02 -0.02 -0.02 -0.01 -0.01 -0.00 -0.01 0.00 0.01 0.01
Basic Earnings per Share		 $0.27 $0.87 $0.69 $0.92 $1.00 $1.82 $1.85 ($0.01) $1.19 ($0.39) ($0.64)
Weighted Average Basic Shares Outstanding		 154.45M 150.54M 145.23M 145.04M 130.16M 125.71M 125.73M 123.98M 123.35M 123.66M 123.94M
Diluted Earnings per Share		 $0.27 $0.87 $0.69 $0.92 $1.00 $1.82 $1.85 ($0.01) $1.19 ($0.39) ($0.64)
Weighted Average Diluted Shares Outstanding		 154.59M 150.88M 145.64M 145.38M 130.64M 126.18M 126.10M 123.98M 123.52M 123.66M 123.94M
Weighted Average Basic & Diluted Shares Outstanding		 154.80M 150.90M 144.50M 145.20M 125.60M 125.89M 123.96M 123.26M 123.64M 123.80M 124.29M
Cash Dividends to Common per Share		 $0.81 $0.84 $0.84 $1.34 $0.84 $0.84 $0.84 $0.84 $0.84 $0.67 $0.50

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

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

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

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

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

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

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

Frequently Asked Questions About Piedmont Office Realty Trust's Financials

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

According to the most recent income statement we have on file, Piedmont Office Realty Trust's fiscal year ends in December. Their fiscal 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. Check out Piedmont Office Realty Trust's forecast to explore projected trends and price targets.

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 5/5/2025 by MarketBeat.com Staff
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