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Piedmont Realty Trust Inc (PDM) Fair Value & Analysis

Real Estate · US · Market cap $1.1B

PR Piedmont Realty Trust Inc logo Piedmont Realty Trust Inc PDM · US
Price$9.48
Fair Value$24.20
Upside+155.3%
Quality34/100
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Weak Growth
Loss-making · -15.3% net margin
Moderate debt · negative free cash flow
Trails peers (4/12)
Narrow moat 20/100
Evidence: Medium Range $13.60 – $34.79 Share as image

Fair value as of: Jul 27, 2026

From 4 valuation models · updated 14 days ago

Fair value updated Jul 27, 2026, revised from $23.10 to $24.20 (+4.8%) since Jun 26, 2026. Share price +1.2% over the past month.

Below-average quality, screening 155% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case ($13.60). The market is more pessimistic than our downside scenario.
  • A fairly wide model range ($13.60 to $34.79) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$15.59 $4.58 Fair Value $24.20 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range $4.58 – $15.59 · fair‑value band $13.60 – $34.79 · the $9.48 price screens below the $24.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

Piedmont Realty Trust Inc (PDM) currently trades at $9.48, while our model-based Fair Value estimate is $24.20, implying the stock looks roughly 155.3% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Piedmont Realty Trust Inc generated revenue of $566M at a net margin of -15.3%. Revenue grew 0.4% year over year. It earns a return on equity of -5.7%. Net debt stands at $2.3B. Fundamentals as of Jul 27, 2026

Our scenario range runs from $13.60 (bear case) to $34.79 (bull case); at $9.48, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -20% fair-value upside, at 155%, PDM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Gordon GGM $1.92 $2.11 $2.36 70
DDM Multi-Stage $1.92 $2.35 $2.87 61
EV/EBITDA $14.00 $24.59 $35.19 54
All 4 models by family
Dividend Discount
Gordon GGM $1.92 $2.11 $2.36 70
DDM Multi-Stage $1.92 $2.35 $2.87 61
Multiples
EV/EBITDA $14.00 $24.59 $35.19 54
Asset-Based
NCAV (Graham) $5.98 $8.01 $11.96 50

Widest divergence: Multiples ($24.59) versus Dividend Discount ($2.11). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) $566M
Revenue growth (YoY) +0.4%
Net margin -15.3%
Return on equity -5.7%
Free cash flow −$16.7M FY2025
Operating margin 13.1%
More key figures
EPS (TTM) $-0.6900
EPS growth (YoY) -70.0%
Net debt $2.3B FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 34 · Market factors (momentum, volatility) 62

Profitability 3
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S.

Full company description

Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier piedmont places that enhance each client's workplace experience. Piedmont Realty Trust, Inc. was incorporated in 1997 and is based in Atlanta, United States.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Piedmont Realty Trust Inc reported revenue of $565M in FY2025 versus $529M in FY2021, a compound +1.7%/yr. Reported net income was −$83.6M in FY2025.

Growth Quality 1/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$565M
Latest YoY
−0.9%
Avg. growth/yr (3Y)
+0.1%
Avg. growth/yr (5Y)
+1.1%
Avg. growth/yr (23Y)
+6.8%
Revenue +1.7%/yr
FY21 $529M
FY22 $564M
FY23 $578M
FY24 $570M
FY25 $565M
Net income
FY21 −$1.2M
FY22 $147M
FY23 −$48.4M
FY24 −$79.1M
FY25 −$83.6M

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Cite: Fair Value Calculator (2026). "Piedmont Realty Trust Inc Fair Value". https://www.fairvalue-calculator.com/stock/PDM

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

REIT - Office · 75 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Bottom 25%
Fair Value upside +155% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -15% · Below median
Operating margin (TTM) 13% · Bottom 25%
Revenue growth 0% · Above median
Debt / equity 1.49× · Higher than 75% of peers

Valuation Multiples vs REIT - Office median · lower = cheaper

P/B 0.75× · Pricier than median
P/S (TTM) 1.98× · Cheaper than median
EV/EBITDA 12.7× · Cheaper than median
PEG 16.74× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 2 · sector 0
PAST 0 · sector 5
HEALTH 26 · sector 64
DIVIDEND 0 · sector 100

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).

Stock Price Fair Value vs Fair Value
MERLIN Properties SOCIMI, S.A MRL €15.23 €6.46 -58%
BXP, Inc BXP $69.11 $53.27 -23%
Vornado Realty Trust VNORP $51.75 $41.59 -20%
Alexandria Real Estate Equities, Inc ARE $50.12 $59.48 +19%
Hudson Pacific Properties, Inc HPP $15.38 $4.60 -70%
Mapletree Pan Asia Commercial Trust N2IU 1.28 SGD 1.14 SGD -11%
Cousins Properties Incorporated CUZ $32.15 $17.62 -45%
Kilroy Realty Corporation KRC $39.42 $40.37 +2%
Keppel DC REIT AJBU 2.20 SGD 1.68 SGD -24%
DEXUS DXS A$5.64 A$4.49 -20%

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Frequently asked questions

Is Piedmont Realty Trust Inc (PDM) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of $24.20 versus a price of $9.48, about +155% (undervalued).
What is the fair value of PDM?
Our model-based fair value for Piedmont Realty Trust Inc is $24.20 (as of Jul 27, 2026), built from audited fundamentals. The current price is $9.48.
What is the quality score of PDM?
Piedmont Realty Trust Inc has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Piedmont Realty Trust Inc (PDM)?
Piedmont Realty Trust Inc reported trailing-twelve-month revenue of about $566M (latest available figure, as of Jul 27, 2026).
What is the net profit margin of PDM?
The net profit margin of Piedmont Realty Trust Inc is about -15.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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