Piedmont Office (PDM) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Piedmont Office (PDM) reported revenue of $143.23 million for the quarter ended December 2024, reflecting a year-over-year decline of 1.4% [1] - The earnings per share (EPS) for the same period was $0.37, a significant improvement from -$0.23 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $142.16 million, resulting in a surprise of +0.75% [1] Revenue Breakdown - Rental and tenant reimbursement revenue was $135.48 million, slightly below the two-analyst average estimate of $136.01 million, marking a year-over-year decline of 2.8% [4] - Other property-related income reached $7.55 million, surpassing the two-analyst average estimate of $5.46 million, with a year-over-year increase of 37.3% [4] - Property management fee revenue was reported at $0.20 million, significantly lower than the two-analyst average estimate of $0.69 million, indicating a year-over-year decline of 47.8% [4] Stock Performance - Piedmont Office shares have returned -9.3% over the past month, contrasting with the Zacks S&P 500 composite's +3.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]