PDM · Piedmont Realty Trust, Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| # of lease transactions | 36 | Three Months Ended June 30, 2026 | — |
| % Change Accrual Rents | 25.5% | Six Months Ended 6/30/2026 | — |
| % Change Cash Rents | 12.7% | Six Months Ended 6/30/2026 | — |
| Accrual rent roll up | 25.5% | Six Months Ended June 30, 2026 | — |
| Adjusted FFO applicable to common stock non-GAAP | $54.83M | Six Months Ended June 30, 2026 | — |
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| Adjusted total per square foot per year of lease term | $5.83 | Three Months Ended June 30, 2026 | — |
| AFFO applicable to common stock non-GAAP | 30.99M | Q2 FY2026 | — |
| Average Lease Term Remaining | 5.8 | As of June 30, 2026 | — |
| Average net principal amount of debt to Core EBITDA - trailing twelve months non-GAAP | 7.2 | Q2 FY2026 | — |
| Cash rent roll up | 12.7% | Six Months Ended June 30, 2026 | — |
| Change period over period - Same store net operating income (accrual basis) | 2.3% | Six Months Ended 6/30/2026 | — |
| Commenced leased percentage | 85.1% | Q2 FY2026 | — |
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| Core EBITDA non-GAAP | $158.39M | Six Months Ended 6/30/2026 | — |
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| Core FFO applicable to common stock non-GAAP | $93.88M | Six Months Ended June 30, 2026 | — |
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| Core FFO per diluted share non-GAAP | $0.74 | Six Months Ended June 30, 2026 | — |
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| Core Funds From Operations applicable to common stock non-GAAP | $93.88M | Six Months Ended 6/30/2026 | — |
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| Core Funds From Operations per share (diluted) non-GAAP | $0.74 | Six Months Ended 6/30/2026 | — |
| EBITDAre non-GAAP | $158.39M | Six Months Ended 6/30/2026 | — |
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| Economic leased percentage | 81.4% | Q2 FY2026 | — |
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| Fixed charge coverage ratio - current quarter non-GAAP | 2.4 | Q2 FY2026 | — |
| In-Service Leased Percent Leased | 88.9% | Six Months Ended 6/30/2026 | — |
| Leased percentage | 88.9% | As of June 30, 2026 | — |
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| Leases Currently Under Abatement | 1M | As of June 30, 2026 | — |
| Leases Currently Under Abatement future annual cash rent | $27.6M | As of June 30, 2026 | — |
| Leasing commissions per square foot per year of lease term | $2.78 | Three Months Ended 6/30/2026 | — |
| NAREIT FFO applicable to common stock non-GAAP | $93.88M | Six Months Ended June 30, 2026 | — |
| NAREIT FFO per diluted share non-GAAP | $0.74 | Six Months Ended June 30, 2026 | — |
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| NAREIT Funds From Operations applicable to common stock non-GAAP | $93.88M | Six Months Ended 6/30/2026 | — |
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| NAREIT Funds From Operations per share (diluted) non-GAAP | $0.74 | Six Months Ended 6/30/2026 | — |
| Net effective rent per square foot after capex and opex | $25.56 | Q2 FY2026 | — |
| Net principal amount of debt / Total gross assets less cash and cash equivalents non-GAAP | 39.8% | Q2 FY2026 | — |
| New tenant leasing sf | 556K | Six Months Ended June 30, 2026 | — |
| New tenant leasing square footage (in 000s) | 255K | Three Months Ended June 30, 2026 | — |
| Number of in-service projects | 29 | Q2 FY2026 | — |
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| Number of lease transactions | 92 | Six Months Ended June 30, 2026 | — |
| Number of Projects | 29 | As of June 30, 2026 | — |
| Percent Leased | 89% | Three Months Ended 6/30/2026 | — |
| Property net operating income (accrual basis) | $174.07M | Six Months Ended 6/30/2026 | — |
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| Property net operating income (cash basis) non-GAAP | 160.74M | Six Months Ended 6/30/2026 | — |
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| Renewal leasing square footage (in 000s) | 167K | Three Months Ended June 30, 2026 | — |
| Rentable in-service square footage | 15.07M | Q2 FY2026 | — |
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| Rental rate roll up / roll down - accrual rents | 32.4% | Q2 FY2026 | — |
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| Rental rate roll up / roll down - cash rents | 14.1% | Q2 FY2026 | — |
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| Same Store Leased Percentage - end of period | 89% | Six Months Ended 6/30/2026 | — |
| Same store net operating income (accrual basis) non-GAAP | $171.74M | Six Months Ended 6/30/2026 | — |
| Same store net operating income (cash basis) non-GAAP | $160M | Six Months Ended 6/30/2026 | — |
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| Same Store NOI - accrual basis non-GAAP | 2.3% | Six Months Ended June 30, 2026 | — |
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| Same Store NOI - cash basis non-GAAP | 10% | Six Months Ended June 30, 2026 | — |
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| Square feet (new) leased during the period | 262K | Q2 FY2026 | — |
| Square feet (renewal) leased during the period | 197K | Q2 FY2026 | — |
| Tenant improvements per square foot per year of lease term | $3.77 | Three Months Ended 6/30/2026 | — |
| Total leasing sf | 890K | Six Months Ended June 30, 2026 | — |
| Total leasing square footage (in 000s) | 422K | Three Months Ended June 30, 2026 | — |
| Total Leasing Transactions Square feet | 883,516 | Six Months Ended 6/30/2026 | — |
| Total per square foot per year of lease term | $6.55 | Three Months Ended 6/30/2026 | — |
| Total square feet leased during the period | 459K | Q2 FY2026 | — |
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| Uncommenced Leases for Vacant Space | 0.9M | As of June 30, 2026 | — |
| Uncommenced Leases for Vacant Space future annual rent | $38.6M | As of June 30, 2026 | — |
| Weighted average shares outstanding - diluted | 126.91M | Q2 FY2026 | — |
| NAREIT Funds From Operations (FFO) applicable to common stock non-GAAP | 139.95M | Year Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Office — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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PDM
this stock
Piedmont Realty Trust, Inc.
|
$1.20B | +16.7% | -0.9% | — | 2.8% |
|
BXP
BXP, Inc.
|
$10.57B | +0.4% | +2.2% | 35.6 | 6.6% |
|
ARE
Alexandria Real Estate Equities, Inc.
|
$9.22B | +8.2% | -2.9% | — | 3.9% |
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VNO
Vornado Realty Trust
|
$7.22B | +16.2% | +1.3% | 1288.7 | 5.4% |
|
CUZ
Cousins Properties Inc
|
$4.84B | +14.7% | +16.0% | 735.0 | 6.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PDM | +1.1% | +1.7% | +28.2% | +0.4% | +16.7% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | +3.1% | -1.6% | +17.0% | -1.7% | +4.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.