Piedmont Realty Trust, Inc. (PDM)
NYSEReal EstateReit - OfficeSnapshot 2026-11-05
$9.86-2.09%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-11-05
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 | 8.7% |
| Our one-year growth estimate | diamond | 1.8% |
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.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the US dollar and the broad stock market.
Based on historical daily prices through 2026-11-05.
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.
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.
Growth built into the price is above our model estimate.
The price assumes 6.9 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
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 2026-11-05 · Compared with 12 industry peers · Company calendar date is not available
PDM — earnings in line
Dated 2026-10-26
Results of Operations and Financial Condition. On October 26, 2026, Piedmont Realty Trust, Inc. (the "Registrant") issued an earnings release and supplemental information announcing its financial results for the third quarter 2026 and published the earnings release and supplemental information for the third quarter 2026 to its website under Investor Relations. The earnings release and the supplemental information are attached hereto as Exhibit 99.1, and are incorporated herein by reference. P…
Why it matters: These leases equal 410 basis points of portfolio occupancy. If they begin, they can lift leased space and rent income.
Supportive ifThe next report shows most or all of the $29 million in signed leases has started.
Worry ifThe next report shows little progress, or a drop, in leases started from the $29 million total.
Why it matters: Piedmont refinanced $287 million of high-coupon debt and cut its average debt cost to 4.8%. Higher costs could weaken the gain.
Worry ifA later report puts the weighted average cost of debt above 4.8%.
Less concerning ifA later report keeps the weighted average cost of debt at or below 4.8%.
Why it matters: Leasing spreads were strong, but leased space fell to 87.7% from 88.9%. A further drop would show that new deals are not filling enough space.
Worry ifLeased space at quarter-end falls below 87.7%.
Less concerning ifLeased space at quarter-end rises above 87.7%.
Why it matters: Piedmont raised its 2026 outlook to 5% to 8%. Growth below 5% would miss the low end.
Worry ifReported 2026 Same Store NOI cash growth below 5%.
Less concerning ifReported 2026 Same Store NOI cash growth of 5% or more.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$135 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $337 loss on $10,000 · 3.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,788 loss on $10,000 · 27.9% | 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.