Discounted Cash Flow

Piedmont Realty Trust, Inc. REIT

PDM · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_profitable_out_of_10

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $555.7m $99.7m $235.8m 17.9% $0.74
2017 $574.2m (3.3%) $133.6m (33.9%) $242.8m (3.0%) 23.3% (29.6%) $0.92 (24.3%)
2018 $526.0m (-8.4%) $130.3m (-2.4%) $202.9m (-16.4%) 24.8% (6.5%) $1.00 (8.7%)
2019 $533.2m (1.4%) $229.3m (76.0%) $208.5m (2.8%) 43.0% (73.6%) $1.82 (82.0%)
2020 $535.0m (0.3%) $232.7m (1.5%) $193.3m (-7.3%) 43.5% (1.1%) $1.85 (1.6%)
2021 $528.7m (-1.2%) $-1.2m (-100.5%) $242.2m (25.3%) -0.2% (-100.5%) $-0.01 (-100.5%)
2022 $563.8m (6.6%) $146.8m (12834.6%) $93.9m (-61.2%) 26.0% (12042.7%) $1.19 (12000.0%)
2023 $577.8m (2.5%) $-48.4m (-133.0%) $51.9m (-44.7%) -8.4% (-132.2%) $-0.39 (-132.8%)
2024 $570.3m (-1.3%) $-79.1m (-63.4%) $-14.0m (-126.9%) -13.9% (-65.5%) $-0.64 (-64.1%)
2025 $565.0m (-0.9%) $-83.6m (-5.8%) $-16.7m (-19.1%) -14.8% (-6.8%) $-0.67 (-4.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_6_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.