Companies: 10,795·Total market cap: $144.5T
Piedmont Office Realty Trust, Inc.

Piedmont Office Realty Trust, Inc.

PDMNYSEReal Estate● Active
$8.91
+$0.07(+0.74%)
Market Cap$1.1B
P/E Ratio—
52W High$9.19
52W Low$6.32
Free Cash FlowFinancialsRevenue

Piedmont Office Realty Trust, Inc. (PDM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PDM · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$16.7M for FY2025 (fiscal year ending 2025-12-31), down 19.1% year-over-year The FCF margin was -3.0%.

FY2025 Free Cash Flow−$16.7M▼ -19.1% YoY
Trailing 12M (TTM)$9.1MTrailing 4Q sum · TTM positive vs latest FY negative
FCF Margin-3.0%−$16.7M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
pdm free cash flow history · pdm free cash flow chart · pdm free cash flow growth rate · pdm free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$16.7M▼ 19.1%-3.0%
FY2024−$14.0M▼ 126.9%-2.5%
FY2023$51.9M▼ 44.7%9.0%
FY2022$93.9M▼ 21.5%16.6%
FY2021$119.6M▲ +48.2%22.6%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
pdm free cash flow 2025 · pdm free cash flow 2024 · pdm free cash flow 2023 · pdm operating cash flow

FCF valuation metrics

Piedmont Office Realty Trust, Inc. (PDM) trades at a FCF yield of 0.81% and a price-to-free-cash-flow ratio of 127.2x. FCF per share stands at $0.07, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
0.81%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$0.07
TTM FCF ÷ Shares Outstanding
Price / FCF
x127.2
Share Price ÷ FCF per Share
EV / FCF (TTM)
x373.5
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
pdm price to free cash flow · pdm free cash flow yield · pdm free cash flow per share · pdm price to cash flow ratio

Cash flow statement summary

For FY2025, Piedmont Office Realty Trust, Inc. generated $140.6M in operating cash flow and spent 157M in capital expenditures, yielding −$16.7M in free cash flow.

Operating Activities
+$140.6M
Cash from core business operations
2025-12-31
Investing Activities
−$175.3M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$75.3M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($140.6M) − |CapEx| (157M) = FCF (−$16.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
pdm cash flow statement · pdm cash flow statement 2025 · pdm operating cash flow · pdm cash flow from operations

Free cash flow vs peers (Real Estate)

#CompanyFree Cash FlowYoY
#1
Piedmont Office Realty Trust, Inc.
Piedmont Office Realty Trust, Inc.YOU
PDM
−$16.7M-19.1%
#2
Prologis, Inc.
Prologis, Inc.
PLD
$5.01B+2.0%#3
American Tower Corporation
American Tower Corporation
AMT
$3.78B+2.2%#4
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$3.57B+16.6%#5
Welltower Inc.
Welltower Inc.
WELL
$2.85B+29.5%#6
Equinix, Inc.
Equinix, Inc.
EQIX
−$400.0M-318.6%
Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Piedmont Office Realty Trust, Inc. (PDM) reported free cash flow of −$16.7M for FY2025 (fiscal year ending 2025-12-31), down 19.1% year-over-year. The FCF margin was -3.0%.

Based on available data, Piedmont Office Realty Trust, Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $163.0M in FY2017.

Piedmont Office Realty Trust, Inc.'s FCF yield is 0.81% and price-to-FCF ratio is 127.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

PDM free cash flow · 8 questions

Piedmont Office Realty Trust, Inc. free cash flow was −$16.7M for FY2025, down 19.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $9.1M.

PDM free cash flowPDM FCFPDM FCF 2025PDM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Piedmont Office Realty Trust, Inc. · Piedmont Office Realty Trust, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026