Piedmont Realty Trust, Inc. (PDM)
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
$9.68-0.10%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
QuarterlyIQ Insights · PDM
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -25.0% |
| Our one-year growth estimate | diamond | 4.3% |
Growth built into the price is above our model estimate.
The price assumes 29.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Worth watching into the next print: this name has been missing across recent quarters and operates in a high-miss-rate industry. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 16 industry peers
PDM — capital allocation — Creation of a Direct Financial Obligation or an Obligation under an Off-Balan…
Dated 2026-05-28
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On May 28, 2026, Piedmont Realty Trust, Inc. (the “Registrant”) and its operating partnership, Piedmont Operating Partnership, LP (“Piedmont OP”), entered into an amendment (the “Amendment”) to its Term Loan Agreement, dated January 30, 2024, as amended (the “Term Loan Agreement”) to, among other things, increase the principal amount to $400 million from $325 million and extend t…
Why it matters: If occupancy goes down, it may show less demand. This can hurt revenue.
Worry ifOccupancy rates were below 90% in Q3 2026.
Less concerning ifOccupancy rates were above 90% in Q3 2026.
Why it matters: High rental rate growth supports revenue and reflects strong market demand.
Supportive ifRental rate growth reported above 14% on a cash basis.
Worry ifRental rate growth falls below 11%.
Why it matters: The loan agreement extension shows the company is stable. It affects money flow and debt.
Supportive ifThe company said it extended the Term Loan Agreement to $400 million.
Worry ifFailure to extend the Term Loan Agreement or further delays.
Why it matters: High leasing activity shows that people want properties. This can help increase revenue.
Supportive ifLeasing volume exceeds 460,000 square feet in the next quarter.
Worry ifLeasing volume falls below 430,000 square feet.
Why it matters: Finalizing this deal matters. It changes how they manage money and their options.
Supportive ifThey announced they finished the $400 million Term Loan Agreement.
Worry ifFailure to finalize the Term Loan Agreement or further delays.
Why it matters: If revenue growth picks up, it could signal a recovery for Piedmont and its peers. This could improve investor sentiment.
Supportive ifSector revenue growth rises above 5% year over year.
Worry ifSector revenue growth remains below 5% year over year.
Why it matters: This growth rate is a key measure of Piedmont's operational health. A drop below 5% could signal weakening demand.
Worry ifSame Store NOI growth reported below 5% for Q3.
Less concerning ifSame Store NOI growth reported above 5% for Q3.
Why it matters: Rental rate growth is crucial for revenue. A decline below 11% could indicate pricing power is weakening.
Worry ifCash rental rate growth reported below 11% for Q3.
Less concerning ifCash rental rate growth reported above 11% for Q3.
Why it matters: A revision to Core FFO guidance could impact investor confidence. Maintaining or raising guidance is a positive signal.
Supportive ifCore FFO guidance raised above $1.55 per share.
Worry ifCore FFO guidance lowered below $1.47 per share.
Why it matters: Leasing volume is a key indicator of demand. A drop below this level could signal a slowdown.
Worry ifLeasing volume reported below 400,000 square feet for Q3.
Less concerning ifLeasing volume reported above 400,000 square feet for Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$137 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $330 loss on $10,000 · 3.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,947 loss on $10,000 · 29.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.