PDMPiedmont Realty Trust, Inc.
Opeators Of Nonresidential Buildings
- Revenue
- $565M
- 0.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.2B
- Employees
- 140
- $4M revenue each
- Net debt / EBITDA
- —
- $2.3B net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo22% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$4M · 80th pctBottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 40th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo9.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$39K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $529M | $564M | $578M | $570M | $565M | 0.9% |
| Net income | −$1M | $147M | −$48M | −$79M | −$84M | 5.8% |
| Operating cash flow | $242M | $215M | $210M | $198M | $141M | 29% |
| Stock-based comp | $11M | $9M | $8M | $10M | $10M | 1.2% |
| Buybacks | $20M | $0 | $0 | — | — | |
| Dividends | $104M | $104M | $93M | $62M | $31M | 50% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $39K · 1
- Net
- −$39K
Pay vs performance
No pay-versus-performance disclosure yet.