PDM Split History

Piedmont Office Realty Trust (PDM) has 2 splits in our PDM split history database. The first split for PDM took place on March 31, 1997. This was a 3 for 2 split, meaning for each 2 shares of PDM owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PDM's second split took place on June 29, 1998. This was a 2 for 1 split, meaning for each share of PDM owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.

When a company such as Piedmont Office Realty Trust splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the PDM split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Piedmont Office Realty Trust shares, starting with a $10,000 purchase of PDM, presented on a split-history-adjusted basis factoring in the complete PDM split history.

Growth of $10,000.00 With Dividends Reinvested
Start date:	05/30/2012
End date:	05/27/2022
Start price/share:	$16.44
End price/share:	$14.72
Starting shares:	608.27
Ending shares:	986.31
Dividends reinvested/share:	$9.02
Total return:	45.18%
Average Annual Total Return:	3.80%
Starting investment:	$10,000.00
Ending investment:	$14,518.75
Years:	10.00

Growth of $10,000.00 Without Dividends Reinvested
Start date:	05/30/2012
End date:	05/27/2022
Start price/share:	$16.44
End price/share:	$14.72
Dividends collected/share:	$9.02
Total return:	44.40%
Average Annual Total Return:	3.74%
Starting investment:	$10,000.00
Ending investment:	$14,435.07
Years:	10.00

About Piedmont Office Realty Trust

Piedmont Office Realty Trust is a real estate investment trust. Co. is engaged in the ownership, management, development, redevelopment, and operation of office properties. Co. conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performing the management of its buildings through two wholly-owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Co. is the sole general partner of, Piedmont OP. Co.'s portfolio of properties is primarily located in several metropolitan areas: Dallas, Atlanta, Washington, D.C., Minneapolis, Boston, Orlando, and New York. According to our PDM split history records, Piedmont Office Realty Trust has had 2 splits.