Piedmont Realty Trust (PDM)
Owns and operates Class A office properties across major U.S. Sunbelt markets.
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Owns, manages, develops, redevelops, and leases Class A office properties in major U.S. markets, with revenue centered on tenant leases and reimbursements. The portfolio is weighted toward Sunbelt cities and shaped by office demand, renewals, rent levels, and capital-market access.
Owns, manages, develops, redevelops, and operates Class A office properties, earning rent, tenant reimbursements, parking income, other property-related income, and limited property-management fees. The portfolio is organized through Atlanta, Dallas, Orlando, Northern Virginia/Washington, D.C., Minneapolis, New York, and Boston, with Houston held outside the regular segment set.
Focus has shifted toward major U.S. Sunbelt markets and hospitality-driven Piedmont PLACE workplace environments. Local market offices, building renovations, amenities, environmental programs, and national purchasing support the operating model.
Demand for office space, lease renewals, rent levels, competition for tenants, hybrid work patterns, and access to financing shape the business. The tenant base is diversified across industries and includes investment-grade or nationally recognized corporations and government agencies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | Robert W. Baird | Target | Target: — | Target: $10 |
| Jun 15, 2026 | Truist Financial | Target | Target: $10 | Target: $11 |
| Mar 9, 2026 | Truist Financial | Target | Target: $9 | Target: $10 |
| Oct 28, 2025 | Truist Financial | Target | Target: $12 | Target: $9 |
| Jan 16, 2025 | Baird | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $16.8M · Total debt $2.27B · Total assets $4.05B · Shareholders' equity $1.47B
- Revenue
- $144.1M
- Operating income
- $76.6M
- Net income
- −$11.1M
HistoryDividendAnnual yield
| Institutions | 95.94% | 120.06M shares | |
|---|---|---|---|
| 254 holders · as of Jun 30, 2026 | |||
| Insiders | 1.46% | 1.82M shares | |
| 16 holders · as of May 13, 2026 | |||
| Other | 2.60% | 3.26M shares | |
| remainder | |||
125.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.22% | 15.30M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.14% | 12.68M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 6.46% | 8.09M | as of Jun 30, 2026 |
Deutsche Bank AG\Institution | 4.58% | 5.73M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.45% | 5.57M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Cousins Properties
Sunbelt trophy-office overlap in Atlanta and Dallas
- Highwoods Properties
Sunbelt BBD office peer across Atlanta, Dallas and Orlando
- BXP
Gateway-market office peer in Boston, New York and D.C.
- Brandywine Realty Trust
Austin and Mid-Atlantic office overlap with mixed-use assets
- COPT Defense Properties
Defense-oriented office peer in Northern Virginia and D.C.
- SL Green Realty
Manhattan office landlord competing for New York tenants
- Vornado Realty Trust
New York office and retail owner with prime office overlap
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Piedmont Realty Trust | $9.37 | −0.16% | $1.17B | — | — | 2.1 | +29.7% |
| Cousins Properties | $28.90 | −0.03% | $4.72B | 700.7 | 75.3 | 4.6 | +11.8% |
| Highwoods Properties | $30.75 | −0.03% | $3.43B | 20.4 | 36.6 | 4.1 | +7.9% |
| BXP | $64.31 | −0.06% | $10.23B | 34.5 | 31.4 | 2.9 | +3.1% |
| Brandywine Realty Trust | $2.95 | +0.17% | $506.2M | — | — | 1.0 | +7.5% |
| COPT Defense Properties | $34.34 | 0.00% | $3.92B | 23.8 | 48.4 | 5.0 | +7.5% |
| SL Green Realty | $52.48 | +0.04% | $3.77B | — | — | 3.6 | +16.5% |
| Vornado Realty Trust | $35.28 | +0.01% | $6.69B | 1,074.9 | — | 3.7 | +4.7% |
| Median | 34.5 | 42.5 | 3.7 | +7.5% |