Piedmont Realty Trust, Inc. (PDM) intrinsic value & 10-year financials
Piedmont Realty Trust, Inc. (PDM) has a Graham intrinsic value of $9.10 per share. At $9.09 on Oct 17, 2026, the stock trades 0% below that value. Over the last 10 fiscal years revenue grew 0.2% a year to $565.0M, with an average return on invested capital of 1.9%.
- Graham intrinsic value
- $9.10
- Share price (Oct 17, 2026)
- $9.09
- Price vs Graham value
- 0% below
- Market cap
- $1.1B
- Revenue (FY2025)
- $565.0M
- Revenue growth (10-yr CAGR)
- 0.2%
- ROIC (10-yr avg)
- 1.9%
- Free cash flow (FY2025)
- —
PDM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $565.0M | -$83.6M | -$0.67 | — | — | -2.3% |
| FY2024 | $570.3M | -$79.1M | -$0.64 | — | — | -2.1% |
| FY2023 | $577.8M | -$48.4M | -$0.39 | — | — | -1.3% |
| FY2022 | $563.8M | $146.8M | $1.19 | — | — | 3.9% |
| FY2021 | $528.7M | -$1.2M | -$0.01 | — | — | -0.0% |
| FY2020 | $535.0M | $232.7M | $1.85 | — | — | 6.8% |
| FY2019 | $533.2M | $229.3M | $1.82 | — | — | 6.9% |
| FY2018 | $526.0M | $130.3M | — | — | 22.0% | 3.3% |
| FY2017 | $574.2M | $133.6M | — | — | 14.2% | 2.1% |
| FY2016 | $555.7M | $107.9M | — | — | 13.3% | 1.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Piedmont Realty Trust, Inc. has demonstrated mature, steady growth, with revenue compounding at 0.2% annually over the past decade.
Piedmont Realty Trust, Inc. has historically struggled to out-earn its cost of capital, averaging just 1.9% ROIC.
Over the decade, Piedmont Realty Trust, Inc. shows that management has aggressively returned capital to shareholders by retiring 14.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Piedmont Realty Trust, Inc. is modeled at 0.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.10 per share.