Piedmont Realty Trust (PDM) Valuation Check As Fair Value Narrative Points To 12.4% Undervaluation

Simply Wall St

Wed, February 11, 2026 at 12:13 PM GMT+9 3 min read

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Why Piedmont Realty Trust Is On Investors’ Radar

Piedmont Realty Trust (PDM) has been drawing attention after recent share price moves, with the stock showing mixed returns over the past week, month, past 3 months and year.

Investors are weighing this performance against Piedmont’s reported US$565.372m in revenue and a net income loss of US$70.352m, along with its current share price of US$8.76.

See our latest analysis for Piedmont Realty Trust.

Recent share price momentum has been mildly positive, with a 7 day share price return of 4.41% and a 90 day share price return of 6.05%. The 1 year total shareholder return of 9.23% contrasts with the weaker 5 year total shareholder return of 32.23%. This hints that sentiment has improved in the shorter term as investors reassess Piedmont’s risks and income profile around its current US$8.76 share price.

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With a claimed 55% intrinsic discount, a US$10.00 analyst price target and a recent loss of US$70.352m, is Piedmont trading below what it is worth, or is the market already baking in any recovery?

Most Popular Narrative: 12.4% Undervalued

With Piedmont Realty Trust closing at $8.76 against a most-followed fair value view of $10.00, the current price sits below that narrative anchor.

The “flight to quality” trend is accelerating, with large, creditworthy tenants moving into best-in-class buildings. Piedmont’s execution of several full-floor and large leases, often at record or above-market rents, is expected to significantly lift portfolio occupancy and revenue as these leases commence in late 2025 and 2026.

Read the complete narrative.

Curious what kind of revenue trajectory and profit margins that tenant shift needs to square with a higher fair value, and which future earnings multiple ties it all together?

Result: Fair Value of $10 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, that fair value story hinges on revenue assumptions that are back loaded and on concentrated Sunbelt and government tenants, where weaker leasing or renewals could quickly challenge the thesis.

Find out about the key risks to this Piedmont Realty Trust narrative.

Build Your Own Piedmont Realty Trust Narrative

If this version of the story does not quite match your view, or you prefer to test the numbers yourself, you can build a custom thesis in just a few minutes, starting with Do it your way.

Story Continues  

A great starting point for your Piedmont Realty Trust research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

Looking for more investment ideas?

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_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include PDM.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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