Piedmont Office Realty Trust Full Year 2022 Earnings: EPS Beats Expectations
Piedmont Office Realty Trust (NYSE:PDM) Full Year 2022 Results
Key Financial Results
Revenue: US$563.8m (up 6.6% from FY 2021).
Funds from operations (FFO): US$244.8m (flat on FY 2021).
FFO margin: 43% (down from 46% in FY 2021).
FFO per share: US$2.0.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Piedmont Office Realty Trust EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 96%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.8% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's shares are down 4.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Piedmont Office Realty Trust (2 are concerning!) that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
