15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.1% per year over the past 5 years.
Financial health
Total debt ($2.2B) exceeds cash ($731000); net debt is $2.2B.
Total debt has grown faster than revenue (6.5% vs 1.1% per year).
Shareholder returns
Dividends have been paid for 7 consecutive years.
The dividend has declined 21.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$565M
-$84M
0.0%
0.0%
—
$2.2B
$731000
2024
$570M
-$79M
0.0%
0.0%
—
$2.2B
$110M
2023
$578M
-$48M
0.0%
0.0%
—
$2.1B
$825000
2022
$564M
$147M
0.0%
0.0%
—
$2.0B
$17M
2021
$529M
-$1M
0.0%
0.0%
—
$1.9B
$7M
2020
$535M
$233M
0.0%
0.0%
—
$1.6B
$7M
2019
$533M
$229M
0.0%
0.0%
—
$1.5B
$14M
2018
$526M
$130M
0.0%
22.0%
—
$1.7B
$5M
2017
$574M
$134M
0.0%
14.2%
—
$1.7B
$7M
2016
$556M
$100M
0.0%
12.7%
—
$2.0B
$7M
2015
$585M
$131M
0.0%
12.6%
—
$2.0B
$5M
2014
$566M
$42M
0.0%
19.0%
-$74M
$2.3B
$12M
2013
$550M
$99M
0.0%
25.6%
-$327M
$2.0B
$7M
2012
$521M
$93M
0.0%
26.0%
$112M
$1.4B
$13M
2011
$525M
$225M
0.0%
27.2%
$51M
$1.5B
$140M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$143M
-$13M
0.0%
0.0%
—
$2.3B
$2M
Dec '25
$143M
-$43M
0.0%
0.0%
—
$2.2B
$731000
Sep '25
$139M
-$13M
0.0%
0.0%
—
$2.2B
$3M
Jun '25
$140M
-$17M
0.0%
0.0%
—
$2.2B
$3M
Mar '25
$143M
-$10M
0.0%
0.0%
—
$2.2B
$3M
Dec '24
$143M
-$30M
0.0%
0.0%
—
$2.2B
$110M
Sep '24
$139M
-$12M
0.0%
0.0%
—
$2.2B
$134M
Jun '24
$143M
-$10M
0.0%
0.0%
—
$2.2B
$138M
Mar '24
$145M
-$28M
0.0%
0.0%
—
$2.1B
$4M
Dec '23
$145M
-$28M
0.0%
0.0%
—
$2.1B
$825000
Sep '23
$147M
-$17M
0.0%
0.0%
—
$2.1B
$5M
Jun '23
$143M
-$2M
0.0%
0.0%
—
$2.0B
$5M
Mar '23
$142M
-$1M
0.0%
0.0%
—
$2.2B
$171M
Dec '22
$147M
$76M
0.0%
0.0%
—
$2.0B
$17M
Sep '22
$144M
$3M
0.0%
0.0%
—
$2.1B
$11M
Jun '22
$136M
$8M
0.0%
0.0%
—
—
$6M
Mar '22
$136M
$60M
0.0%
0.0%
—
—
$7M
Dec '21
$138M
-$32M
0.0%
0.0%
—
$1.9B
$7M
Sep '21
$131M
$11M
0.0%
0.0%
—
$1.7B
$8M
Jun '21
$130M
$10M
0.0%
0.0%
—
$1.7B
$8M
Valuation over time
How the market has priced PDM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 6.2× (Mar '23) to 6.1× (Dec '23).
The price-to-sales ratio has risen from 1.6× (Mar '23) to 2.0× (Jun '26).
The dividend yield has fallen from 11.5% (Mar '23) to 2.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PDM growing its revenue and profit?
Over the past 5 years, Piedmont Realty Trust, Inc.'s revenue has grown 1.1% per year. These are computed facts, not advice.
How much debt does PDM have?
As of FY2025, Piedmont Realty Trust, Inc. reported $2.2B of total debt against $731000 of cash.
What is PDM's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin -14.8%.
What is PDM's P/E ratio?
As of Jun '26, Piedmont Realty Trust, Inc. traded at a price-to-earnings ratio of about 6.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.