Piedmont Realty Trust, Inc.

Listed Company

PDMCIK 0001042776NYSELarge AcceleratedOpeators Of Nonresidential BuildingsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$564.99M

Net Income

$-83.62M

Total Assets

$4.03B

Equity

$1.50B

Shares Out

125.02M

Op. Cash Flow

$140.56M

PDM$9.80+33.51% · past yearDBEQ Basic

Daily closing prices

Business

Piedmont Realty Trust, Inc. is a REIT that owns, manages, and operates approximately 16 million square feet of Class A office properties in major U.S. Sunbelt markets including Atlanta, Dallas, Northern Virginia, Boston, Orlando, Minneapolis, and New York. The company leases space to investment-grade corporations and government agencies. Piedmont pursues growth through redevelopment, asset management, tenant services, sustainability initiatives, and selective acquisitions and dispositions of high-quality Class A office properties.

Summary from 10-K filed 2026-02-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental and tenant reimbursement revenue	538	544	555	546	515
Total revenues	565	570	578	564	529
Property operating costs	228	234	235	226	211
Depreciation	167	157	148	134	121
Amortization	61	70	88	91	86
Impairment charges	0	34	29	26	41
General and administrative	31	35	29	29	30
Total expenses	486	530	530	506	489
Interest expense	−128	−123	−101	−66	—
Other income	734,000	4	4	3	10
Loss on early extinguishment of debt	−38	−386,000	−820,000	0	0
Gain/(loss) on sale of real estate assets	2	−445,000	2	152	0
Total other income (expense)	−163	−119	−96	89	−41
Net loss	−84	−79	−48	147	−1
Net income applicable to noncontrolling interest	−19,000	−5,000	−10,000	0	14,000
Net loss applicable to Piedmont	−84	−79	−48	147	−1
Net loss applicable to common stockholders - basic (in dollars per share)	−0.67	−0.64	−0.39	1.19	−0.01
Net loss applicable to common stockholders - diluted (in dollars per share)	−0.67	−0.64	−0.39	1.19	−0.01
Weighted-average shares outstanding - basic (in shares)	124	124	124	123	124
Weighted-average shares outstanding - diluted (in shares)	124	124	124	124	124

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	545	553	559	567	530
Buildings and improvements, less accumulated depreciation of $1,278,600 and $1,150,892 as of December 31, 2025 and December 31, 2024, respectively	2,788	2,744	2,749	2,767	2,514
Intangible lease assets, less accumulated amortization of $73,824 and $75,982 as of December 31, 2025 and December 31, 2024, respectively	44	60	83	114	94
Construction in progress	45	104	85	52	43
Total real estate assets	3,422	3,461	3,513	3,501	3,245
Cash and cash equivalents	731,000	110	825,000	17	7
Tenant receivables	6	6	8	5	—
Straight-line rent receivables	214	194	183	172	163
Restricted cash and escrows	3	4	3	3	1
Prepaid expenses and other assets	21	26	28	17	20
Goodwill	53	53	53	83	99
Interest rate swaps	0	671,000	3	4	0
Deferred lease costs, less accumulated amortization of $209,155 and $204,150 as of December 31, 2025 and December 31, 2024, respectively	311	260	262	284	265
Total assets	4,031	4,115	4,057	4,086	3,931
Unsecured debt, net of discount and unamortized debt issuance costs of $23,368 and $20,077 as of December 31, 2025 and December 31, 2024, respectively	2,036	2,030	1,859	1,787	1,878
Secured debt	189	192	196	197	0
Accounts payable, accrued expenses, and accrued capital expenditures	173	149	132	110	114
Dividends payable	0	15	15	25	26
Deferred income	112	107	90	60	81
Intangible lease liabilities, less accumulated amortization of $35,036 and $33,641 as of December 31, 2025 and December 31, 2024, respectively	25	33	—	—	—
Interest rate swaps	111,000	8,000	0	0	5
Total liabilities	2,535	2,527	2,334	2,236	2,143
Commitments and Contingencies (Note 7)	0	0	0	0	0
Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2025 or December 31, 2024	0	0	0	0	0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2025 or December 31, 2024	0	0	0	0	0
Common stock, $0.01 par value; 750,000,000 shares authorized, 124,519,278 shares issued and outstanding as of December 31, 2025; and 124,083,038 shares issued and outstanding at December 31, 2024	1	1	1	1	1
Additional paid-in capital	3,730	3,724	3,717	3,711	3,702
Cumulative distributions in excess of earnings	−2,227	−2,128	−1,987	−1,856	−1,899
Accumulated other comprehensive loss	−9	−10	−9	−9	−18
Piedmont stockholders equity	1,495	1,587	1,721	1,848	1,786
Noncontrolling interest	2	2	2	2	2
Total stockholders equity	1,497	1,588	1,723	1,849	1,787
Total liabilities and stockholders equity	4,031	4,115	4,057	4,086	3,931

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt issuance costs inclusive of settled interest rate swaps	8	7	6	4	3
Other amortization	58	64	78	82	79
Loss on early extinguishment of debt	38	386,000	287,000	0	0
Reduction of general reserve for uncollectible accounts	0	0	−1	−3	−553,000
Stock compensation expense	10	10	8	9	11
Increase in tenant and straight-line rent receivables	−24	−12	−14	−14	−10
Decrease/(increase) in prepaid expenses and other assets	3	1	−11	5	1
Increase/(decrease) in accounts payable and accrued expenses	−18	14	19	−2	2
Increase/(decrease) in deferred income	−15	2	−4	−20	−5
Net cash provided by operating activities	141	198	210	215	242
Capitalized expenditures	−157	−212	−158	−121	—
Sales proceeds from wholly-owned properties	31	75	2	297	0
Deferred lease costs paid	−49	−49	−40	−25	−20
Net cash used in investing activities	−175	−187	−196	−1	−369
Debt issuance and other costs paid	−2	−2	−2	−374,000	−1
Proceeds from debt	998	919	1,413	803	790
Repayments of debt	−1,002	−755	−1,345	−897	−536
Premiums paid and costs to repurchase senior notes	−36	0	0	—	—
Costs of issuance of common stock	−604,000	−185,000	0	−460,000	−55,000
Value of shares withheld for payment of taxes related to employee stock compensation	−2	−2	−2	−4	−3
Dividends paid	−31	−62	−93	−104	−104
Net cash (used in)/provided by financing activities	−75	98	−30	−203	126
Net increase/(decrease) in cash, cash equivalents, and restricted cash and escrows	−110	110	−15	11	−354,000

Filings

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Frequently asked questions

What is Piedmont Realty Trust, Inc.'s CIK number?

Piedmont Realty Trust, Inc.'s SEC CIK number is 0001042776 (1042776). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Piedmont Realty Trust, Inc.'s SEC filings?

All of Piedmont Realty Trust, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Piedmont Realty Trust, Inc. last report earnings?

Piedmont Realty Trust, Inc. (PDM) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001042776-26-000043). This is Piedmont Realty Trust, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Piedmont Realty Trust, Inc.'s most recent earnings 8-K?

Piedmont Realty Trust, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001042776-26-000043. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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