InsiderClue
Stocks · Real estate · Opeators of Nonresidential Buildings

Piedmont Realty Trust, Inc.

PDM Clue Score25
United States Fiscal year ends December CIK 0001042776
$9.03 -0.55% Close, 9 Oct 2026
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Price $9.03 −50.74% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue555.7Operating income70.8Net income99.7Fiscal year 2017Revenue574.2 +3.3%Operating income81.3Net income133.6 +33.9%Fiscal year 2018Revenue526.0 −8.4%Operating income115.7Net income130.3 −2.4%Fiscal year 2019Revenue533.2 +1.4%Net income229.3 +76.0%EPS, diluted1.82Fiscal year 2020Revenue535.0 +0.3%Net income232.7 +1.5%EPS, diluted1.85 +1.6%Fiscal year 2021Revenue528.7 −1.2%Net income−1.2 −100.5%EPS, diluted−0.01 −100.5%Fiscal year 2022Revenue563.8 +6.6%Net income146.8EPS, diluted1.19Fiscal year 2023Revenue577.8 +2.5%Net income−48.4 −133.0%EPS, diluted−0.39 −132.8%Fiscal year 2024Revenue570.3 −1.3%Net income−79.1EPS, diluted−0.64Fiscal year 2025Revenue565.0 −0.9%Net income−83.6EPS, diluted−0.67
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 555.7 574.2 526.0 533.2 535.0 528.7 563.8 577.8 570.3 565.0
Growth +3.3% −8.4% +1.4% +0.3% −1.2% +6.6% +2.5% −1.3% −0.9%
Operating income 70.8 81.3 115.7 n/a n/a n/a n/a n/a n/a n/a
Net income 99.7 133.6 130.3 229.3 232.7 −1.2 146.8 −48.4 −79.1 −83.6
Growth +33.9% −2.4% +76.0% +1.5% −100.5% −133.0%
EPS, diluted n/a n/a n/a 1.82 1.85 −0.01 1.19 −0.39 −0.64 −0.67
Growth +1.6% −100.5% −132.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin12.7%Net margin17.9%Fiscal year 2017Operating margin14.2%Net margin23.3%Fiscal year 2018Operating margin22.0%Net margin24.8%Fiscal year 2019Net margin43.0%Fiscal year 2020Net margin43.5%Fiscal year 2021Net margin−0.2%Fiscal year 2022Net margin26.0%Fiscal year 2023Net margin−8.4%Fiscal year 2024Net margin−13.9%Fiscal year 2025Net margin−14.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 12.7% 14.2% 22.0% n/a n/a n/a n/a n/a n/a n/a
Net margin 17.9% 23.3% 24.8% 43.0% 43.5% −0.2% 26.0% −8.4% −13.9% −14.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow231.8Buybacks−7.9Fiscal year 2017Operating cash flow242.8Buybacks−60.5Fiscal year 2018Operating cash flow202.9Buybacks−298.5Fiscal year 2019Operating cash flow208.5Buybacks−16.9Dividends paid−106.4Fiscal year 2020Operating cash flow193.3Buybacks−30.0Dividends paid−106.3Fiscal year 2021Operating cash flow242.2Buybacks−19.5Dividends paid−103.9Fiscal year 2022Operating cash flow215.2Buybacks0.0Dividends paid−104.4Fiscal year 2023Operating cash flow210.1Buybacks0.0Dividends paid−93.1Fiscal year 2024Operating cash flow198.1Dividends paid−61.9Fiscal year 2025Operating cash flow140.6Dividends paid−30.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 231.8 242.8 202.9 208.5 193.3 242.2 215.2 210.1 198.1 140.6
Buybacks −7.9 −60.5 −298.5 −16.9 −30.0 −19.5 0.0 0.0 n/a n/a
Dividends paid n/a n/a n/a −106.4 −106.3 −103.9 −104.4 −93.1 −61.9 −30.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash7.0Total debt2,020.5Net cash (debt)−2,013.5Shareholders’ equity2,095.8Debt to equity0.96Fiscal year 2017Cash7.4Total debt1,726.9Net cash (debt)−1,719.5Shareholders’ equity1,984.7Debt to equity0.87Fiscal year 2018Cash4.6Total debt1,685.5Net cash (debt)−1,680.9Shareholders’ equity1,710.4Debt to equity0.99Fiscal year 2019Cash13.5Total debt1,481.4Net cash (debt)−1,467.9Shareholders’ equity1,817.2Debt to equity0.82Fiscal year 2020Cash7.3Total debt1,622.0Net cash (debt)−1,614.7Shareholders’ equity1,896.3Debt to equity0.86Fiscal year 2021Cash7.4Total debt1,877.8Net cash (debt)−1,870.4Shareholders’ equity1,785.8Debt to equity1.05Fiscal year 2022Cash16.5Total debt1,983.7Net cash (debt)−1,967.1Shareholders’ equity1,847.7Debt to equity1.07Fiscal year 2023Cash0.8Total debt2,054.6Net cash (debt)−2,053.8Shareholders’ equity1,721.4Debt to equity1.19Fiscal year 2024Cash109.6Total debt2,222.3Net cash (debt)−2,112.7Shareholders’ equity1,586.6Debt to equity1.40Fiscal year 2025Cash0.7Total debt2,224.7Net cash (debt)−2,224.0Shareholders’ equity1,495.2Debt to equity1.49
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.0 7.4 4.6 13.5 7.3 7.4 16.5 0.8 109.6 0.7
Total debt 2,020.5 1,726.9 1,685.5 1,481.4 1,622.0 1,877.8 1,983.7 2,054.6 2,222.3 2,224.7
Net cash (debt) −2,013.5 −1,719.5 −1,680.9 −1,467.9 −1,614.7 −1,870.4 −1,967.1 −2,053.8 −2,112.7 −2,224.0
Shareholders’ equity 2,095.8 1,984.7 1,710.4 1,817.2 1,896.3 1,785.8 1,847.7 1,721.4 1,586.6 1,495.2
Debt to equity 0.96 0.87 0.99 0.82 0.86 1.05 1.07 1.19 1.40 1.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
12.7% 14.2% 22.0% n/a n/a n/a n/a n/a n/a n/a
17.9% 23.3% 24.8% 43.0% 43.5% −0.2% 26.0% −8.4% −13.9% −14.8%
Spending
4.9% 5.1% 5.6% 7.1% 5.1% 5.7% 5.2% 5.1% 6.2% 5.4%
Returns
4.8% 6.7% 7.6% 12.6% 12.3% −0.1% 7.9% −2.8% −5.0% −5.6%
2.3% 3.3% 3.6% 6.5% 6.2% −0.0% 3.6% −1.2% −1.9% −2.1%
Balance and payout
0.96 0.87 0.99 0.82 0.86 1.05 1.07 1.19 1.40 1.49
52.0% 50.3% 52.3% 48.3% 49.2% 54.5% 54.7% 57.5% 61.4% 62.9%
n/a n/a n/a 46.4% 45.7% n/a 71.1% n/a n/a n/a