Piedmont Realty Trust, Inc. (PDM) Q3 2025 Earnings Call Transcript
Piedmont Realty Trust, Inc. (NYSE:PDM ) Q3 2025 Earnings Call October 28, 2025 9:00 AM EDT Company Participants Laura Moon - Chief Accounting Officer, Treasurer & Executive VP Christopher Smith - President, CEO & Director George Wells - Executive VP & COO Christopher Kollme - Executive Vice President of Investments & Strategy Sherry Rexroad - Executive VP, CFO & Company Secretary Conference Call Participants Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division Anthony Paolone - JPMorgan Chase & Co, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Michael Lewis - Truist Securities, Inc., Research Division Presentation Laura Moon Chief Accounting Officer, Treasurer & Executive VP Thank you, operator, and good morning, everyone.
Is Piedmont Realty Trust, Inc. (PDM) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Piedmont Realty Trust (PDM) Upgraded to Buy: What Does It Mean for the Stock?
Piedmont Realty Trust (PDM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Should Value Investors Buy Piedmont Realty Trust, Inc. (PDM) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Piedmont Realty Trust: The Investment Thesis Is Playing Out Nicely
With one of the lowest P/FFO multiples in the sector, this REIT trades as if it's in terminal decline — but the numbers tell a different story. Leasing momentum is setting the stage for cash flow growth from both ends: cash outflows are declining as CapEx normalizes, while rent collections are poised to accelerate. The dividend is gone for now, but with capital being deployed strategically and AFFO set to rebound, my price target is $14.50.
Piedmont Realty Trust (PDM) Q2 FFO Top Estimates
Piedmont Realty Trust (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.37 per share a year ago.
Piedmont Office Realty Trust: Improved 2025 Leasing Guidance Reinforces My Strong Buy
Piedmont Office Realty Trust is deeply undervalued, with a forward P/FFO of 4.8x and a 21% FFO yield, presenting a compelling opportunity. The company is rapidly leasing vacant spaces, raising full-year guidance by 29%, and locking in positive cash rent increases, signaling strong asset desirability. Dividend elimination was a strategic move to fund growth at a rapid pace, setting up for potential dividend reinstatement in 2026 at an attractive yield + 11% yield.
Piedmont Office Realty: They Did The Right Thing, But The Market Didn't Get It
Mr. Market's irrational behavior creates opportunities to invest in undervalued, well-run office REITs like Piedmont Office Realty, which is currently undervalued by around 60%. Piedmont's dividend suspension is a rational move to preserve cash for growth and deleveraging, despite market overreaction causing a 12% share price drop. Leasing volumes are high, and Piedmont's A-tier assets are benefiting from a "flight to quality," setting up for future outperformance.
Piedmont Office Realty Stock: Dividend Elimination Gives A Buying Opportunity
Piedmont Office Realty Trust is an office REIT focused primarily on the Atlanta, Dallas, and Orlando markets. PDM's enterprise value is 75% funded with debt that, together with high lease incentives, prompted management to suspend the dividend. The company remains attractively valued on a core FFO multiple and market-implied cap rate basis.
Piedmont Office Realty Trust, Inc. (PDM) Q1 2025 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Laura Moon – Executive Vice President and Chief Accounting Officer Brent Smith – President and Chief Executive Officer George Wells – Chief Operating Officer Chris Kollme – Executive Vice President-Investments Sherry Rexroad – Chief Financial Officer Conference Call Participants Dylan Burzinski – Green Street Nick Thillman – Baird Operator Greetings. Welcome to the Piedmont Office Realty Trust First Quarter 2025 Earnings Call.
Piedmont Office (PDM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Piedmont Office (PDM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Piedmont Office (PDM) Q1 FFO and Revenues Surpass Estimates
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.39 per share a year ago.
