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Stock research / United States / PDM · Opeators Of Nonresidential Buildings · NYSE

Piedmont Realty Trust, Inc. (PDM)

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Piedmont Realty Trust, Inc. (PDM) reported revenue of $151 million for Q3 FY2026, the quarter ended 30 September 2026, up 8.7% on the same quarter a year earlier. Net income was -$21 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 26 October 2026.

Revenue$151 millionup 8.7%
Net income-$21 million
Diluted EPS$-0.17
QuarterQ3 FY2026ended 30 September 2026

Piedmont Realty Trust (PDM) in brief

Piedmont Realty Trust (PDM) reported revenue of $565 million for fiscal 2025, the year ended 31 December 2025, down 0.9% on the year before.
Read moreNet loss was $84 million and the diluted loss per share $0.67. Revenue was $570 million in fiscal 2024, $578 million in fiscal 2023, $564 million in fiscal 2022 and $529 million in fiscal 2021. Net income in the same years was a loss of $79 million, a loss of $48 million, $147 million and a loss of $1 million. Over the twelve months to 30 September 2026, Piedmont Realty Trust reported revenue of $582 million and net loss of $88 million. Revenue grew 1.1% a year, compounded, over the five years to fiscal 2025. Piedmont Realty Trust declared $0.12 a share in dividends over the last four quarters and had 124 million shares outstanding at the latest filed count. At the close of 29 October 2026 the market cap of Piedmont Realty Trust was $1.2 billion.

Ratios

From the filings

ROE-6.1%
ROCE2.1%
Operating margin13.8%
Net margin-15.2%
FCF marginn/a
Interest cover0.63
Debt to equity1.62
Cash conversionn/a
Share count, last 12 months-0.6%
Sales CAGR, 3 years0.1%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.71

At the close of 29 October 2026

Price$9.52
Market cap$1.2 billion
Stock P/En/a
Price to book0.81
EV / EBITDA11.03
Dividend yield1.3%
Market cap / sales2.03
52-week high$9.96
52-week low$6.39
Price, 1 year18.3%
Price CAGR, 3 years23.1%
Price CAGR, 5 years-11.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Piedmont Realty Trust, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PDMgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PDM

Dividends$0.125 a share in FY2025
Filings20 in twelve months: 12 current reports (8-K), about 4 results of operations; 3 material agreement; 3 new financial obligation; 3 other events; 2 officer or director change
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.08 by open interest at the 29 October 2026 close; the straddle prices a 31.0% move to 20 November 2026
13F holders254 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest9.8 million shares short, 7.55 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue138136136144147142143147145145143139143143140139143143144151
Operating income-20.721.221.820.2-5.219.119.610.8-1.72.119.418.90.020.921.318.418.918.820.622.0
Operating margin-15%16%16%14%-4%13%14%7%-1%1%14%14%0%15%15%13%13%13%14%15%
Interest expense13.913.913.817.220.722.123.427.428.429.729.632.131.631.732.032.032.431.931.932.0
Net income-31.860.08.03.375.6-1.4-2.0-17.0-28.0-27.8-9.8-11.5-30.0-10.1-16.8-13.5-43.2-12.9-11.1-21.0
Net margin-23%44%6%2%51%-1%-1%-12%-19%-19%-7%-8%-21%-7%-12%-10%-30%-9%-8%-14%
Diluted EPS-$0.26$0.49$0.06$0.03$0.61-$0.01-$0.02-$0.14-$0.23-$0.22-$0.08-$0.09-$0.24-$0.08-$0.14-$0.11-$0.35-$0.10-$0.09-$0.17
Operating cash flow77.239.851.972.251.240.454.865.349.623.466.842.965.03.750.135.850.928.164.324.4
Buybacks18.90.00.00.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid0.052.025.925.90.651.326.015.50.330.615.515.50.230.80.00.00.00.10.00.0
Shares outstanding123m123m123m123m123m124m124m124m124m124m124m124m124m124m124m125m125m125m125m124m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019 †FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue543520525521550566585556574526533535529564578570565582
Operating income13016814313514110873.770.881.311692.388.839.958.047.840.479.480.3
Operating margin24.0%32.2%27.2%26.0%25.6%19.0%12.6%12.7%14.2%22.0%17.3%16.6%7.6%10.3%8.3%7.1%14.1%13.8%
Interest expense71.566.565.865.073.674.474.064.968.161.061.655.051.365.7101123128128
Income taxn/an/a0.00.00.00.00.10.40.0-0.10.20.0-0.4-0.00.0-0.0-0.0n/a
Net income74.712022593.298.742.113199.7134130229233-1.2147-48.4-79.1-83.6-88.3
Net margin13.8%23.1%42.9%17.9%18.0%7.4%22.5%17.9%23.3%24.8%43.0%43.5%-0.2%26.0%-8.4%-13.9%-14.8%-15.2%
Diluted EPS$0.47$0.70$1.30$0.55$0.60$0.27$0.87$0.69$0.92$1.00$1.82$1.85-$0.01$1.19-$0.39-$0.64-$0.67-$0.71
Filing10-K8-K10-K10-K10-K10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019 †FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow282276267221215217224232243203208193242215210198141168
Capital expenditure37.5114216108542291n/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow24416251.5112-327-74.3n/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow margin45.0%31.1%9.8%21.6%-59.5%-13.1%n/an/an/an/an/an/an/an/an/an/an/an/a
Cash from investing-68.7-80.237.0-63.5-496-267300-120241324134-198-369-1.2-196-187-175-247
Cash from financing-223-149-221-28427555.1-531-114-483-529-334-1.6126-203-29.598.2-75.377.5
Depreciation and amortisation140131147139141157155155146128133143149166179178181239
Share-based compensation2.93.74.72.21.65.28.87.99.29.715.49.711.09.08.19.69.79.7
Buybacks0.00.03.288.517454.81597.960.529916.930.019.50.00.0n/an/an/a
Dividends paidn/an/an/an/an/an/an/an/an/an/a10610610410493.161.930.90.2
Dividend per share$1.26$1.26$1.26$0.80$0.80$0.81$0.84$0.84$1.34$0.84$0.84$0.84$0.84$0.84$0.67$0.50$0.12n/a
Diluted shares, weighted159m171m173m170m165m155m151m146m145m131m126m126m124m124m124m124m124m125m
Shares outstanding at period endn/a173m173m168m157m154m146m145m142m126m126m124m123m123m124m124m125m124m
Filing10-K8-K10-K10-K10-K10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019 †FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity2,6072,7672,7722,6392,4602,3102,1222,0961,9851,7101,8171,8961,7861,8481,7211,5871,4951,447
Non-controlling interestn/a6.21.61.61.61.61.01.91.81.81.71.71.61.61.61.51.51.5
Debtn/a1,4031,4731,4172,0022,2702,0302,0201,7271,6861,4811,6221,8781,9842,0552,2222,2252,341
Other liabilitiesn/a198202198203214209250287194216220265253280304310302
Total liabilities and equityn/a4,3734,4484,2554,6664,7964,3624,3684,0003,5923,5173,7403,9314,0864,0574,1154,0314,092
Owned
Goodwilln/a18018018018018010598.998.998.998.998.998.982.953.553.553.553.5
Intangible assetsn/a74.079.254.774.470.284.799.777.877.774.490.694.411482.660.544.446.8
Cash and equivalents10.056.714013.07.012.35.47.07.44.613.57.37.416.50.81100.73.9
Other assetsn/a4,0634,0494,0074,4054,5334,1674,1633,8163,4113,3303,5433,7303,8723,9203,8913,9333,987
Total assetsn/a4,3734,4484,2554,6664,7964,3624,3684,0003,5923,5173,7403,9314,0864,0574,1154,0314,092
Filing10-K8-K10-K10-K10-K10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-0.3%1.1%0.1%2.9%
Profit growth, compoundedn/an/an/an/a
Return on equity, average3.8%-1.1%-4.5%-5.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Piedmont Realty Trust's revenue in fiscal 2025?

Piedmont Realty Trust (PDM) reported revenue of $565 million for fiscal 2025, the year ended 31 December 2025, down 0.9% on the year before.

How much did Piedmont Realty Trust earn in fiscal 2025?

Net loss was $84 million for fiscal 2025, and the diluted loss per share $0.67.

What is Piedmont Realty Trust's market cap?

The market cap of Piedmont Realty Trust was $1.2 billion at the close of 29 October 2026.

Does Piedmont Realty Trust pay a dividend?

Yes. Piedmont Realty Trust declared $0.12 a share in dividends over the four quarters to 30 September 2026.

Peers: Real Estate

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brookfield Corporation BN *$88.2 billion80.590.8%n/a-12.7%0.090.8%
Urban Edge Properties UE$2.5 billion23.697.4%n/a5.5%1.214.2%
Getty Realty Corp. GTY$1.9 billion17.138.0%63.5%12.3%0.936.9%
Opendoor Technologies Inc. OPEN$1.8 billionn/a-166.4%-16.0%-37.2%2.14n/a
Ellington Financial Inc. EFC$1.5 billion7.239.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.5 billion12.127.4%51.4%-8.4%0.3314.2%
Forestar Group Inc. FOR$1.3 billion7.519.2%n/a11.8%0.43n/a
Piedmont Realty Trust, Inc. PDM$1.2 billionn/a-6.1%13.8%2.9%1.621.3%
Marcus & Millichap, Inc. MMI$1.1 billion75.432.5%1.2%11.9%0.00n/a
Agnt, Inc. AGNT$665 millionn/a-6.1%-0.3%8.1%0.005.0%
Hudson Pacific Properties, Inc. HPP$601 millionn/a-20.3%n/a1.8%1.210.0%
Gladstone Commercial Corp. GOOD$553 million35.0715.7%n/a10.8%5.4110.5%
All 25 in Real Estate
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brookfield Corporation BN *$88.2 billion80.590.8%n/a-12.7%0.090.8%
CBRE Group, Inc. CBRE$37.1 billion27.5415.9%4.6%14.5%0.91n/a
KE Holdings Inc. BEKE *$19.6 billion45.044.5%2.2%1.2%0.022.0%
Jones Lang Lasalle Inc. JLL$16.2 billion15.3014.3%4.9%11.4%0.28n/a
Invitation Homes Inc. INVH$15.5 billion23.337.7%11.5%7.2%0.994.5%
Compass, Inc. COMP$7.1 billion156.672.2%-2.6%67.8%1.05n/a
Terreno Realty Corp. TRNO$7.1 billion17.578.8%41.4%18.0%0.213.2%
Millrose Properties, Inc. MRP$4.3 billion9.108.1%85.1%n/a0.429.8%
St. Joe Co. JOE$4.1 billion34.0715.8%32.0%11.1%0.710.9%
Marriott Vacations Worldwide Corp. VAC$4.0 billionn/a-16.2%-3.3%1.7%2.652.8%
Curbline Properties Corp. CURB$3.5 billion119.751.2%17.6%50.6%0.262.4%
Cushman & Wakefield Ltd. CWK$3.1 billion45.243.4%4.4%11.0%1.31n/a
Newmark Group, Inc. NMRK$2.9 billion14.0210.3%7.7%20.8%1.241.3%
Urban Edge Properties UE$2.5 billion23.697.4%n/a5.5%1.214.2%
Getty Realty Corp. GTY$1.9 billion17.138.0%63.5%12.3%0.936.9%
Opendoor Technologies Inc. OPEN$1.8 billionn/a-166.4%-16.0%-37.2%2.14n/a
Ellington Financial Inc. EFC$1.5 billion7.239.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.5 billion12.127.4%51.4%-8.4%0.3314.2%
Forestar Group Inc. FOR$1.3 billion7.519.2%n/a11.8%0.43n/a
Piedmont Realty Trust, Inc. PDM$1.2 billionn/a-6.1%13.8%2.9%1.621.3%
Marcus & Millichap, Inc. MMI$1.1 billion75.432.5%1.2%11.9%0.00n/a
Agnt, Inc. AGNT$665 millionn/a-6.1%-0.3%8.1%0.005.0%
Hudson Pacific Properties, Inc. HPP$601 millionn/a-20.3%n/a1.8%1.210.0%
Gladstone Commercial Corp. GOOD$553 million35.0715.7%n/a10.8%5.4110.5%
Tejon Ranch Co. TRC$453 million72.871.3%-0.9%25.4%0.20n/a
1 company shares its SEC industry code (Opeators Of Nonresidential Buildings); the rest are the names nearest in size in its wider industry, Real Estate, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 September 202626 October 2026EDGAR
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 202527 October 2025EDGAR
10-Q30 June 202528 July 2025EDGAR
10-Q31 March 202528 April 2025EDGAR
10-K31 December 202419 February 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-Q30 June 202431 July 2024EDGAR