Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is a fully integrated and self-managed real estate investment trust (REIT) specializing in the ownership and management of high-quality Class A office buildings located primarily in the ten largest U.S. office markets, including Chicago, Washington, D. C., New York, Dallas, Los Angeles, and Boston. Piedmont's wholly-owned office buildings comprise approximately 21 million rentable square feet. The Company is headquartered in Atlanta, GA, with local management offices in each of its major markets. Investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2), Piedmont has maintained a low-leverage strategy while transacting almost $6 billion and approximately $1.5 billion in property acquisitions and dispositions, respectively, during its fifteen year operating history.

Type
Public
HQ
Duluth, US
Size (employees)
137 (est)-4%
Piedmont Office Realty Trust is headquartered in Duluth, US

Piedmont Office Realty Trust Office Locations

Piedmont Office Realty Trust has an office in Duluth
Duluth, US (HQ)
350 11695 Johns Creek Pkwy

Piedmont Office Realty Trust Data and Metrics

Piedmont Office Realty Trust Financial Metrics

Piedmont Office Realty Trust's revenue was reported to be $148.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

148.5 m

Net income (Q1, 2017)

15.1 m

Market capitalization (21-Jul-2017)

3 b

Cash (31-Mar-2017)

6.8 m
Piedmont Office Realty Trust's current market capitalization is $3 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

523.4 m525.1 m520.7 m554.5 m566.3 m584.8 m555.7 m

Revenue growth, %

0%(1%)6%2%3%(5%)

General and administrative expense

29.2 m

Operating expense total

385.2 m414.3 m458.4 m507.9 m29.2 m

EBIT

143.9 m108.2 m76.3 m

EBIT margin, %

26%19%13%

Interest expense

66.5 m65.8 m65 m73.6 m74.4 m74 m64.9 m

Net Income

98.7 m43.4 m173 m107.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

146.7 m148.8 m138 m135.3 m138.5 m148.5 m

General and administrative expense

8.1 m8.2 m7.9 m8.3 m7.4 m8.6 m

Operating expense total

8.1 m8.2 m7.9 m8.3 m7.4 m8.6 m

EBIT

16 k(1 k)1 k

EBIT margin, %

0%(0%)0%

Interest expense

(18.2 m)(18.8 m)(16.4 m)(16.4 m)(15.5 m)(18.1 m)

Net Income

21.7 m30.8 m19.2 m49.2 m47.4 m10.4 m90.5 m77.7 m15.1 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

10 m56.7 m139.7 m13 m7 m12.3 m5.4 m7 m

Accounts Receivable

247.1 k

Goodwill

180.1 m180.1 m180.1 m180.1 m

Total Assets

4.7 b4.8 b4.4 b4.4 b

Accounts Payable

103.9 k

Total Liabilities

2.3 b

Additional Paid-in Capital

3.7 b3.7 b3.7 b3.7 b

Total Equity

2.2 b2.2 b

Financial Leverage

2 x2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

8.6 m8.8 m7.5 m9 m7.7 m4.7 m21.1 m6 m6.8 m

Goodwill

180.1 m180.1 m180.1 m180.1 m180.1 m180.1 m180.1 m180.1 m98.9 m

Total Assets

4.7 b4.8 b4.8 b4.8 b4.7 b4.4 b4.3 b4.4 b4.4 b

Additional Paid-in Capital

3.7 b3.7 b3.7 b3.7 b3.7 b3.7 b3.7 b3.7 b3.7 b

Total Equity

2.3 b2.1 b2.2 b2.2 b2.2 b2.1 b

Financial Leverage

2.1 x2.3 x2 x1.9 x2 x2.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

98.7 m43.4 m173 m107.9 m

Depreciation and Amortization

123.6 m138.7 m134.5 m127.7 m

Cash From Operating Activities

215.1 m215.9 m217.3 m235.8 m

Cash From Investing Activities

(266.9 m)305 m(119.9 m)

Long-term Borrowings

(500 m)(813.7 m)(1.5 b)(706.9 m)

Cash From Financing Activities

274.8 m56.4 m(529.2 m)(114.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

21.7 m30.8 m19.2 m49.2 m47.4 m10.4 m90.5 m77.7 m15.1 m

Depreciation and Amortization

67.9 m103.2 m36.2 m72.3 m103.5 m31.8 m63.3 m94.9 m30.8 m

Cash From Operating Activities

108.9 m157.5 m43.6 m94.8 m132.6 m49.7 m102.7 m172 m50.3 m

Cash From Investing Activities

(57.3 m)(201.3 m)(64 m)(34.5 m)(34.2 m)16 m131 m(31.6 m)(32.8 m)

Long-term Borrowings

(779.1 m)(784.3 m)(209.3 m)(1 b)(1.1 b)(205.3 m)(357.6 m)(589.5 m)(55.3 m)

Cash From Financing Activities

(50 m)45.6 m15.5 m(63.6 m)(103 m)(66.4 m)(218.1 m)(139.9 m)(17.6 m)
USDY, 2017

Revenue/Employee

1.1 m

Financial Leverage

2.1 x

Piedmont Office Realty Trust Market Value History

Piedmont Office Realty Trust Company Life and Culture

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