WallStSmart

Piedmont Office Realty Trust Inc (PDM)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 228% more annual revenue ($1.85B vs $565.60M). VNO leads profitability with a 42.9% profit margin vs -15.3%. VNO appears more attractively valued with a PEG of 7.37. VNO earns a higher WallStSmart Score of 59/100 (C).

PDM

Hold

42

out of 100

Grade: D

Growth: 3.3Profit: 3.5Value: 4.0Quality: 3.0
Piotroski: 3/9Altman Z: -0.21

VNO

Buy

59

out of 100

Grade: C

Growth: 5.3Profit: 6.5Value: 7.3Quality: 5.0
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for PDM.

VNOUndervalued (+33.5%)

Margin of Safety

+33.5%

Fair Value

$45.49

Current Price

$35.21

$10.28 discount

UndervaluedFair: $45.49Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PDM1 strengths · Avg: 10.0/10
Price/BookValuation
0.7x10/10

Reasonable price relative to book value

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
42.9%10/10

Keeps 43 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

PDM4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
0.4%4/10

0.4% revenue growth

Market CapQuality
$1.04B3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.543/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

VNO4 concerns · Avg: 2.3/10
Debt/EquityHealth
1.403/10

Elevated debt levels

PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.2%2/10

Revenue declined 2.2%

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : PDM

The strongest argument for PDM centers on Price/Book.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.

Bear Case : PDM

The primary concerns for PDM are Revenue Growth, Market Cap, Debt/Equity. Debt-to-equity of 1.54 is elevated, increasing financial risk.

Bear Case : VNO

The primary concerns for VNO are Debt/Equity, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

PDM profiles as a turnaround stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.56 — expect wider price swings.

PDM is growing revenue faster at 0.4% — sustainability is the question.

VNO generates stronger free cash flow (48M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (59/100 vs 42/100), backed by strong 42.9% margins. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Piedmont Office Realty Trust Inc

REAL ESTATE · REIT - OFFICE · USA

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is the owner, manager, developer, remodeler, and operator of high-quality Class A office properties located primarily in select submarkets within the seven major eastern US office markets. Most of your income is generated at Sunbelt.

Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

Want to dig deeper into these stocks?