Piedmont Realty Trust Inc Class A (PDM)

In the past six months, Piedmont Realty Trust, Inc.'s stock price has been impacted by several events. The company released its first-quarter financial results on April 28, 2025. Truist Securities issued a "Buy" rating on the stock on May 20, 2025, with a target price of $9.0. In early June, Piedmont announced signing over 500,000 square feet of leases quarter-to-date and subsequently raised its full-year leasing guidance from 1.4-1.6 million SF to 1.8-2.0 million SF. The company officially rebranded from Piedmont Office Realty Trust to Piedmont Realty Trust on June 9, 2025. On June 13, 2025, JP Morgan set a target price of $8.0 for PDM. Piedmont released its second-quarter 2025 financial results on July 28, 2025, reporting Funds From Operations (FFO) of $0.36 per share, which surpassed analysts' consensus estimates of $0.35, though quarterly revenue of $111.13 million was below estimates. In September, the company announced signing over 500,000 square feet of leases third quarter-to-date, bringing year-to-date leasing to over 1.5 million square feet. Most recently, on October 27, 2025, Piedmont Realty Trust released its third-quarter 2025 financial results, reporting FFO of $0.35 per share, beating the Zacks Consensus Estimate of $0.34, and revenues of $139.16 million, surpassing estimates by 0.08%. However, the company reported a net loss of $13.5 million for the quarter, primarily due to higher depreciation from recent building improvements and elevated interest expenses from refinancing activities in a higher interest rate environment. During Q3 2025, Piedmont also upsized its 2024 term loan to $325 million, extended its $600 million unsecured line of credit to June 30, 2028, and repurchased $67.5 million of 2028 notes. As of October 21, 2024, the stock's 52-week high was $11.04, and it closed at $8.35 on October 22, 2025, indicating a 24.37% decrease from its 52-week high. The share price has shown stable volatility over the past three months compared to the U.S. market.

While specific details on the demand seasonality for Piedmont Realty Trust's products and services are not explicitly provided, the company's business is tied to the office real estate market. Financial analysis tools track "PDM Seasonality" to display mean and median monthly returns, suggesting that seasonal patterns in stock performance may exist. The company's leasing activities and financial results are reported quarterly, indicating that performance can fluctuate throughout the year based on market conditions and leasing cycles.

Piedmont Realty Trust, Inc. (PDM) is a fully integrated, self-managed real estate investment company that operates as an owner, manager, developer, and operator of high-quality, Class A office properties. It is categorized within the Real Estate sector and the Office REITs or Building operators industry, with a portfolio of approximately 16 million square feet of Class A properties. The company conducts its business through its wholly-owned subsidiary, Piedmont Operating Partnership, L.P. Piedmont is known for its hospitality-driven approach, aiming to transform its buildings into "Piedmont PLACEs" to enhance the client workplace experience.

Piedmont Realty Trust's geographic footprint is primarily concentrated in major U.S. Sunbelt markets, including Atlanta, Charlotte, Raleigh, and select Texas cities. The company also has a presence in other major U.S. office markets such as Boston, Chicago, Dallas, Minneapolis, New York, Orlando, and Washington D.C.

Piedmont Realty Trust has maintained a positive brand reputation in the past year, particularly in sustainability and tenant satisfaction. The company was recognized as a 2024 ENERGY STAR Partner of the Year - Sustained Excellence. For the third consecutive year, Piedmont received the highest GRESB® sustainability rating of "5 Star" and a "Green Star" recognition for the fourth consecutive year, based on its 2024 performance. This highlights its dedication to environmental stewardship and community engagement. The company's focus on a hospitality-driven approach and transforming buildings into "Piedmont PLACEs" has resonated with existing and prospective tenants, contributing to strong leasing momentum and demand for its properties. While the company reported net losses in its recent financial statements, which could be a concern, the net loss for the nine-month period ending September 2025 decreased compared to the previous year.

Piedmont Realty Trust (NYSE: PDM) is predominantly owned by institutional shareholders, who hold 89.56% of the company's stock. Insiders own 34.38% of the company, while retail investors hold 0.00%. Major institutional owners include Vanguard Group Inc, Blackrock Inc, State Street Corp, Cohen & Steers Inc, Wilsey Asset Management Inc, Lsv Asset Management, Private Management Group Inc, Geode Capital Management LLC, and Wellington Management Group LLP. The largest individual shareholder is Leo F. Wells Iii, who owns 39.16 million shares, representing 31.45% of the company.