Financial Snapshot

Revenue
$572.4M
TTM
Gross Margin
59.01%
TTM
Net Earnings
-$77.12M
TTM
Current Assets
$356.9M
Q3 2024
Current Liabilities
$150.6M
Q3 2024
Current Ratio
236.94%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.630B
Q3 2024
Cash
Q3 2024
P/E
-14.89
Nov 29, 2024 EST
Free Cash Flow
-$2.114M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $577.8M $563.8M $528.7M $535.0M $533.2M $526.0M $574.2M $555.7M $584.8M $566.3M $549.6M $520.7M $525.1M $520.1M $542.7M $561.6M $532.1M $571.4M $559.8M $547.7M $322.1M $124.4M
YoY Change 2.48% 6.63% -1.18% 0.35% 1.37% -8.4% 3.32% -4.97% 3.27% 3.03% 5.55% -0.84% 0.97% -4.16% -3.37% 5.54% -6.88% 2.07% 2.21% 70.04% 158.92%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $577.8M $563.8M $528.7M $535.0M $533.2M $526.0M $574.2M $555.7M $584.8M $566.3M $549.6M $520.7M $525.1M $520.1M $542.7M $561.6M $532.1M $571.4M $559.8M $547.7M $322.1M $124.4M
Cost Of Revenue $235.1M $226.1M $210.9M $214.9M $211.4M $209.3M $220.6M $218.9M $242.0M $239.4M $220.8M $206.2M $202.5M $195.4M $207.0M $203.7M $200.8M $197.5M $187.2M $173.7M $100.9M $24.80M
Gross Profit $342.7M $337.7M $317.8M $320.1M $321.8M $316.6M $353.5M $336.8M $342.7M $326.8M $328.8M $314.5M $322.6M $328.1M $335.6M $357.9M $331.3M $373.9M $372.6M $374.0M $221.2M $99.60M
Gross Profit Margin 59.31% 59.9% 60.1% 59.83% 60.36% 60.19% 61.57% 60.61% 58.6% 57.71% 59.82% 60.4% 61.43% 63.09% 61.84% 63.73% 62.26% 65.44% 66.56% 68.29% 68.67% 80.06%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Selling, General & Admin $29.19M $29.13M $30.25M $27.50M $34.70M $29.70M $31.10M $29.20M $30.30M $23.80M $21.90M $20.80M $25.10M $28.10M $26.70M $30.40M $27.80M $47.80M $45.20M $42.10M $21.30M $9.900M
YoY Change 0.22% -3.72% 10.01% -20.75% 16.84% -4.5% 6.51% -3.63% 27.31% 8.68% 5.29% -17.13% -10.68% 5.24% -12.17% 9.35% -41.84% 5.75% 7.36% 97.65% 115.15%
% of Gross Profit 8.52% 8.62% 9.52% 8.59% 10.78% 9.38% 8.8% 8.67% 8.84% 7.28% 6.66% 6.61% 7.78% 8.56% 7.96% 8.49% 8.39% 12.78% 12.13% 11.26% 9.63% 9.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $236.2M $166.2M $149.2M $142.8M $132.6M $128.5M $145.8M $155.3M $155.0M $156.8M $140.6M $139.2M $147.4M $131.0M $140.1M $161.7M $174.4M $167.5M $157.3M $158.9M $117.4M $39.90M
YoY Change 42.1% 11.39% 4.54% 7.66% 3.23% -11.92% -6.08% 0.17% -1.15% 11.5% 1.04% -5.59% 12.55% -6.52% -13.34% -7.28% 4.12% 6.48% -1.01% 35.35% 194.24%
% of Gross Profit 68.93% 49.22% 46.96% 44.6% 41.21% 40.57% 41.26% 46.1% 45.23% 47.98% 42.77% 44.26% 45.7% 39.93% 41.76% 45.18% 52.64% 44.8% 42.22% 42.49% 53.07% 40.06%
Operating Expenses $265.4M $253.7M $236.9M $231.4M $217.4M $410.3M $492.9M $484.9M $511.1M $458.4M $408.7M $385.2M $382.3M $352.4M $412.6M $173.4M $180.3M $211.4M $195.4M $181.7M $119.5M $48.20M
YoY Change 4.62% 7.1% 2.36% 6.44% -47.01% -16.75% 1.64% -5.11% 11.48% 12.16% 6.1% 0.77% 8.47% -14.57% 137.93% -3.83% -14.71% 8.19% 7.54% 52.05% 147.93%
Operating Profit $77.26M $84.03M $80.92M $88.70M $104.4M $115.7M $81.30M $70.78M $73.71M $107.8M $140.9M $135.5M $142.8M $167.6M $130.1M $184.5M $151.0M $162.5M $177.2M $192.3M $101.7M $51.40M
YoY Change -8.05% 3.84% -8.77% -15.04% -9.74% 42.27% 14.85% -3.97% -31.64% -23.47% 3.99% -5.14% -14.8% 28.85% -29.49% 22.19% -7.08% -8.3% -7.85% 89.09% 97.86%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Interest Expense -$101.3M $65.66M $51.29M $54.99M $61.59M $61.02M $68.12M $64.86M $74.00M $74.45M $73.58M $65.02M $65.82M $66.49M $71.46M -$56.60M -$28.80M -$29.50M -$6.500M $7.000M
YoY Change -254.23% 28.0% -6.72% -10.72% 0.94% -10.42% 5.03% -12.35% -0.6% 1.17% 13.16% -1.21% -1.01% -6.97% 96.53% -2.37% 353.85% -192.86%
% of Operating Profit -131.06% 78.14% 63.39% 62.0% 59.0% 52.76% 83.8% 91.63% 100.39% 69.05% 52.23% 48.0% 46.09% 39.66% 54.93% -34.83% -16.25% -15.34% -6.39% 13.62%
Other Income/Expense, Net $3.940M $88.78M -$41.09M $143.9M $137.0M $14.63M $52.25M $28.93M -$72.16M -$67.74M -$68.68M -$75.94M -$58.76M -$60.37M -$66.95M -$66.60M -$52.10M
YoY Change -95.56% -316.09% -128.55% 5.07% 836.6% -72.01% 80.6% -140.1% 6.52% -1.37% -9.55% 29.23% -2.66% -9.84% 0.53% 27.83%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Pretax Income -$48.38M $146.8M -$1.167M $232.7M $229.3M $130.3M $17.70M $6.300M $1.600M $40.10M $72.20M $59.50M $84.10M $106.8M $63.10M $117.9M $98.90M $97.50M $132.4M $160.7M $93.20M $58.40M
YoY Change -132.95% -12681.83% -100.5% 1.48% 75.98% 636.16% 180.95% 293.75% -96.01% -44.46% 21.34% -29.25% -21.25% 69.26% -46.48% 19.21% 1.44% -26.36% -17.61% 72.42% 59.59%
Income Tax -$39.00K -$10.00K -$379.0K $4.000K $160.0K -$97.00K $13.00K $415.0K $85.00K $0.00 $0.00 $8.500K $5.000K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income -0.01% 0.0% 0.07% -0.07% 0.07% 6.59% 5.31% 0.0% 0.0% 0.01% 0.01% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings -$48.39M $146.8M -$1.153M $232.7M $229.3M $130.3M $133.6M $99.73M $131.3M $43.35M $98.73M $93.20M $225.0M $120.4M $74.70M $131.3M $133.6M $133.3M $329.1M $209.7M $120.7M $59.90M
YoY Change -132.95% -12834.61% -100.5% 1.49% 75.95% -2.45% 33.92% -24.04% 202.91% -56.09% 5.93% -58.58% 86.94% 61.15% -43.11% -1.72% 0.23% -59.5% 56.94% 73.74% 101.5%
Net Earnings / Revenue -8.37% 26.04% -0.22% 43.49% 43.0% 24.77% 23.26% 17.95% 22.45% 7.66% 17.96% 17.9% 42.86% 23.15% 13.77% 23.38% 25.11% 23.33% 58.79% 38.29% 37.47% 48.15%
Basic Earnings Per Share -$0.39 $1.19 -$0.01 $1.85 $1.82 $0.55 $1.30 $0.71 $0.47
Diluted Earnings Per Share -$0.39 $1.19 -$0.01 $1.85 $1.82 $997.7K $121.7K $43.27K $10.60K $280.1K $597.8K $0.55 $1.30 $0.70 $0.47 $822.2K $830.8K $866.1K $2.118M $1.349M $1.118M $1.235M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Cash & Short-Term Investments $825.0K $16.54M $7.419M $7.300M $13.50M $4.600M $7.400M $7.000M $5.400M $12.30M $7.000M $13.00M $139.7M $56.70M $10.00M $20.30M $65.00M $44.10M $49.00M $39.70M $64.50M
YoY Change -95.01% 122.89% 1.63% -45.93% 193.48% -37.84% 5.71% 29.63% -56.1% 75.71% -46.15% -90.69% 146.38% 467.0% -50.74% -68.77% 47.39% -10.0% 23.43% -38.45%
Cash & Equivalents $825.0K $16.54M $7.419M $7.300M $13.50M $4.600M $7.400M $7.000M $5.400M $12.30M $7.000M $13.00M $139.7M $56.70M $10.00M $20.30M $65.00M $44.10M $49.00M $39.70M $64.50M
Short-Term Investments
Other Short-Term Assets $28.47M $17.15M $20.49M $23.30M $25.40M $25.40M $20.80M $23.30M $24.80M $25.70M $24.80M $13.00M $9.900M $11.20M $21.50M $21.80M $21.90M $22.40M $22.10M $14.20M $5.700M
YoY Change 65.96% -16.27% -12.08% -8.27% 0.0% 22.12% -10.73% -6.05% -3.5% 3.63% 90.77% 31.31% -11.61% -47.91% -1.38% -0.46% -2.23% 1.36% 55.63% 149.12%
Inventory $0.00 $63.89M $0.00 $0.00 $110.6M $561.4M $612.7M $76.60M $526.9M $15.40M
Prepaid Expenses
Receivables $191.8M $176.8M $165.6M $159.6M $159.3M $173.4M $156.6M $163.4M $219.1M $174.5M $169.3M $147.8M $130.3M $196.3M $188.3M $174.4M $124.2M $108.5M $99.20M $94.70M $59.20M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $221.0M $210.5M $257.4M $190.2M $198.2M $314.0M $746.2M $806.4M $325.9M $739.4M $216.5M $173.8M $279.9M $264.2M $219.8M $216.5M $211.1M $175.0M $170.3M $148.6M $129.4M
YoY Change 5.02% -18.24% 35.34% -4.04% -36.88% -57.92% -7.47% 147.44% -55.92% 241.52% 24.57% -37.91% 5.94% 20.2% 1.52% 2.56% 20.63% 2.76% 14.6% 14.84%
Property, Plant & Equipment $3.430B $3.386B $3.087B $2.965B $2.862B $2.828B $2.746B $3.019B $3.535B $3.478B $3.862B $3.558B $3.625B $3.603B $3.667B $3.778B $3.750B $3.781B $3.758B $4.294B $4.136B
YoY Change 1.29% 9.69% 4.1% 3.63% 1.17% 3.02% -9.07% -14.58% 1.62% -9.95% 8.55% -1.84% 0.61% -1.76% -2.92% 0.73% -0.81% 0.62% -12.5% 3.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $7.400M $7.600M $7.800M $14.40M $37.20M $38.20M $42.00M $43.90M $48.20M $52.50M $56.80M $58.80M $158.5M $167.3M
YoY Change -100.0% -2.63% -2.56% -45.83% -61.29% -2.62% -9.05% -4.33% -8.92% -8.19% -7.57% -3.4% -62.9% -5.26%
Other Assets $267.0M $287.3M $274.4M $276.1M $277.0M $272.4M $330.8M $336.6M $301.7M $311.9M $294.4M $250.0M $245.6M $210.3M $188.1M $204.1M $213.0M $214.9M $176.2M $208.3M $195.2M
YoY Change -7.07% 4.7% -0.61% -0.32% 1.69% -17.65% -1.72% 11.57% -3.27% 5.94% 17.76% 1.79% 16.79% 11.8% -7.84% -4.18% -0.88% 21.96% -15.41% 6.71%
Total Long-Term Assets $3.836B $3.875B $3.673B $3.550B $3.319B $3.278B $3.254B $3.562B $4.109B $4.048B $4.450B $4.081B $4.168B $4.109B $4.176B $4.341B $4.369B $4.276B $4.228B $4.975B $4.796B
YoY Change -1.01% 5.49% 3.48% 6.96% 1.23% 0.76% -8.65% -13.31% 1.49% -9.02% 9.03% -2.08% 1.43% -1.59% -3.81% -0.64% 2.17% 1.13% -15.01% 3.74%
Total Assets $4.057B $4.086B $3.931B $3.740B $3.517B $3.592B $4.000B $4.368B $4.435B $4.788B $4.666B $4.255B $4.448B $4.374B $4.395B $4.557B $4.580B $4.451B $4.398B $5.124B $4.925B
YoY Change
Accounts Payable $146.7M $110.3M $114.5M $112.0M $117.5M $102.5M $114.9M $165.4M $128.5M $134.0M $128.8M $127.3M $123.0M $112.6M $97.70M $111.4M $110.5M $1.200M $4.000M $3.400M $32.50M
YoY Change 32.96% -3.62% 2.19% -4.68% 14.63% -10.79% -30.53% 28.72% -4.1% 4.04% 1.18% 3.5% 9.24% 15.25% -12.3% 0.81% 9108.33% -70.0% 17.65% -89.54%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $64.50M $64.50M
YoY Change 0.0%
Total Short-Term Liabilities $146.7M $135.7M $140.5M $137.7M $143.9M $129.5M $216.7M $165.4M $128.5M $134.0M $128.8M $127.3M $123.0M $112.6M $97.70M $111.4M $110.5M $92.00M $68.10M $146.7M $152.6M
YoY Change 8.11% -3.44% 2.03% -4.31% 11.12% -40.24% 31.02% 28.72% -4.1% 4.04% 1.18% 3.5% 9.24% 15.25% -12.3% 0.81% 20.11% 35.1% -53.58% -3.87%
Long-Term Debt $2.055B $1.984B $1.878B $1.622B $1.481B $1.686B $1.727B $2.021B $2.030B $2.270B $2.002B $1.417B $1.473B $1.403B $1.517B $1.524B $1.302B $1.243B $1.036B $890.2M $612.5M
YoY Change 3.57% 5.64% 15.77% 9.49% -12.11% -2.4% -14.53% -0.44% -10.59% 13.37% 41.35% -3.8% 4.99% -7.52% -0.47% 17.06% 4.69% 19.97% 16.41% 45.34%
Other Long-Term Liabilities $132.9M $116.9M $125.0M $82.20M $72.50M $65.30M $69.90M $84.60M $80.10M $71.90M $73.90M $70.60M $78.90M $84.90M $99.00M $107.1M $113.8M $121.4M $128.5M $152.9M $160.5M
YoY Change 13.62% -6.42% 52.01% 13.38% 11.03% -6.58% -17.38% 5.62% 11.4% -2.71% 4.67% -10.52% -7.07% -14.24% -7.56% -5.89% -6.26% -5.53% -15.96% -4.74%
Total Long-Term Liabilities $2.187B $2.101B $2.003B $1.704B $1.554B $1.751B $1.797B $2.105B $2.110B $2.342B $2.076B $1.487B $1.551B $1.487B $1.616B $1.631B $1.415B $1.365B $1.165B $1.043B $773.0M
YoY Change 4.13% 4.89% 17.52% 9.67% -11.25% -2.56% -14.65% -0.21% -9.92% 12.8% 39.61% -4.14% 4.3% -7.93% -0.93% 15.22% 3.72% 17.15% 11.67% 34.94%
Total Liabilities $2.336B $2.238B $2.145B $1.844B $1.700B $1.882B $2.015B $2.272B $2.239B $2.477B $2.207B $1.616B $1.676B $1.606B $1.719B $1.747B $1.532B $1.464B $1.242B $1.198B $962.9M
YoY Change 4.37% 4.34% 16.35% 8.47% -9.7% -6.61% -11.31% 1.48% -9.62% 12.28% 36.54% -3.58% 4.34% -6.56% -1.63% 14.03% 4.68% 17.85% 3.68% 24.43%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.1482 Billion

About Piedmont Office Realty Trust, Inc.

Piedmont Office Realty Trust, Inc. engages in the ownership, management, development, redevelopment, and operation of office properties. The company is headquartered in Atlanta, Georgia and currently employs 150 full-time employees. The company went IPO on 2010-02-10. The firm is an owner, manager, developer, redeveloper, and operator of Class A office properties located primarily in major United States Sunbelt markets. The firm conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). The company owns and operates about 51 in-service office properties comprised of approximately 17 million square feet of primarily Class A office space which are 87.1% leased. The company has one redevelopment asset comprising about 127,000 square feet in Orlando, Florida. The Company’s portfolio of properties is primarily located in various metropolitan areas, including Atlanta, Dallas, Northern Virginia/Washington, D.C., Boston, Orlando, Minneapolis, and New York, and others.

Industry: Opeators of Nonresidential Buildings Peers: ALEXANDRIA REAL ESTATE EQUITIES, INC. BRANDYWINE REALTY TRUST Veris Residential, Inc. Easterly Government Properties, Inc. OFFICE PROPERTIES INCOME TRUST Hudson Pacific Properties, Inc. JBG SMITH Properties KBS Real Estate Investment Trust III, Inc. Paramount Group, Inc. SL GREEN REALTY CORP