PIEDMONT REALTY TRUST INC CLASS A (PDM)
Real Estate · Office Real Estate Investment Trust (REIT) · NYSE
Piedmont Realty Trust is a self-managed REIT focused on owning and operating Class A office properties across major U.S. Sunbelt markets with a hospitality-driven workplace experience approach.
What PIEDMONT REALTY TRUST INC CLASS A does
Piedmont Realty Trust, Inc. (NYSE: PDM) is a Maryland-incorporated REIT that owns, manages, develops, and operates approximately 16 million square feet of Class A office properties primarily located in major U.S. Sunbelt markets. The company operates as a fully integrated, self-managed real estate investment firm with 29 in-service office projects and three redevelopment projects as of December 31, 2025. Piedmont is known for its hospitality-driven approach to transforming buildings into premier workplace environments, with approximately 99% of its in-service portfolio achieving BOMA 360 certifications for operational excellence. The company generates over 70% of annualized lease revenue (ALR) from Sunbelt properties and maintains a diversified, investment-grade tenant base with an average lease size of approximately 14,000 square feet and six-year average lease term remaining.
Themes: ["Office real estate (Sunbelt markets)","REIT / real estate investment","Workplace experience / hospitality-driven management","Environmental sustainability / green buildings","Property redevelopment and repositioning"]
Fundamentals
- Price$9.33 as of 2026-07-09 close
- Market cap$1.2B as of 2026-07-10
- 1-year return+25.3% as of 2026-07-09 close
- Net margin-15.3% as of 2026-07-10
- Gross margin+59.8% as of 2026-07-10
- ROE-5.7% as of 2026-07-10
- Debt / equity1.52 as of 2026-07-10
- Revenue growth (YoY)-0.5% as of 2026-07-10
- Revenue CAGR (3y)+0.1% SEC XBRL
- Beta1.36 as of 2026-07-10
Dividend: yield +8.3%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Exposure to structural headwinds in the office sector from technological disruption (virtual meeting platforms, AI adoption), working-from-home trends, and changing patterns of commercial office space utilization that could reduce demand for office properties and impact occupancy and rental rates","Concentration and tenant credit risk if large tenants default, terminate leases, contract space, or face financial deterioration; tenant portfolio is diversified but includes government tenants subject to funding and shutdown risks","Rising interest rates, refinancing risk, and debt service challenges given the capital-intensive nature of real estate and illiquidity of properties; potential credit rating downgrades could trigger higher borrowing costs"]
Competitors & peers
- Equinix (EQIX)
- Prologis (PLD)
- Alexandria Real Estate Equities (ARE)
- Boston Properties (BXP)
- Highwoods Properties (HIW)
- Brandywine Realty Trust (BDN)
- Cousins Properties (CUZ)
- Sabine Real Estate Investment Trust (SREF)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.