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Upturn AI Summary - About
Piedmont Office Realty Trust Inc(PDM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PDM
10/23/2026: PDM (4-star) is currently NOT-A-BUY. Pass it for now.
Piedmont Office Realty Trust is a publicly traded REIT that owns and manages a portfolio of Class A office buildings in key U.S. markets. The company's primary strength lies in its modern, well-located assets and a conservative financial structure. Its investment story centers on capturing 'flight-to-quality' demand as tenants seek premium, amenity-rich office space. However, it faces significant risks from the structural shift toward hybrid work and potential office sector volatility. It may best suit dividend-focused investors, though monitoring of tenant retention and lease spreads remains essential for assessing future performance. The stock provides exposure to high-quality commercial real estate but requires careful evaluation of long-term sector health.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The office sector currently offers limited secular growth potential due to structural shifts in work habits. |
| Momentum investor | Weak fit | The stock has not demonstrated the sustained upward price momentum required for this strategy. |
| Value investor | Mixed fit | The stock trades at a discount to historical NAV, but value traps remain a risk in the office sector. |
| Dividend investor | Strong fit while signal remains positive | Income-focused investors may find the yield attractive, provided the dividend remains well-covered by FFO. |
| Low-risk investor | Weak fit | High sector-specific volatility makes this a higher-risk choice than traditional low-volatility income vehicles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The office REIT sector is subject to significant market sentiment swings. |
| Valuation risk | Medium | While trading at a discount, valuations depend on the terminal value of office assets. |
| Competition risk (Office Space) | High | Increased competition for premium tenants puts pressure on leasing spreads. |
| Business quality | Medium | The quality of the portfolio is high, but the asset class itself is currently challenged. |
| Dividend income | Medium / high | Dividend sustainability depends on stable FFO amidst a changing work environment. |
| Execution risk | Medium | Successfully repositioning or leasing assets is critical to operational success. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 62.52% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.21B USD | Price to earnings Ratio - | 1Y Target Price 10.75 |
Price to earnings Ratio - | 1Y Target Price 10.75 | ||
Volume (30-day avg) 1.9M shares | Beta 1.38 | 52 Weeks Range 6.32 - 10.13 | Updated Date 10/24/2026 |
52 Weeks Range 6.32 - 10.13 | Updated Date 10/24/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.65 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Rental Revenue | Base rents and recoveries from office tenants across the portfolio. | The core source of income is rent paid by business tenants. |
| Geography | Key assets in Sunbelt and Coastal regions like Atlanta, Dallas, and DC. | Income is dependent on the economic health of these specific regional job markets. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-26 | When After Market | Estimate 0.39 | Actual - |
Profitability
Profit Margin -14.18% | Operating Margin (TTM) 14.29% |
Management Effectiveness
Return on Assets (TTM) 1.19% | Return on Equity (TTM) -5.34% |
Valuation
Trailing PE - | Forward PE 75.19 | Enterprise Value 3.29B | Price to Sales(TTM) 2.13 |
Enterprise Value 3.29B | Price to Sales(TTM) 2.13 | ||
Enterprise Value to Revenue 5.82 | Enterprise Value to EBITDA 11.61 | Shares Outstanding 125.13M | Shares Floating 123.50M |
Shares Outstanding 125.13M | Shares Floating 123.50M | ||
Percent Insiders 1.32 | Percent Institutions 95.7 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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