Piedmont Realty Trust, Inc.PDMEarnings & Financial Report
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
Revenue
$139.3M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-11.5M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-8.3%
YoY Growth
-5.2%
EPS
$-0.09
Piedmont Realty Trust, Inc. Q3 FY2024 Financial Summary
Piedmont Realty Trust, Inc. reported revenue of $139.3M (down 5.2% YoY) for Q3 FY2024, with a net profit of $-11.5M (up 32.2% YoY) (-8.3% margin).
Key Financial Metrics
| Total Revenue | $139.3M |
|---|---|
| Net Profit | $-11.5M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Piedmont Realty Trust, Inc. Q3 FY2024 revenue of $139.3M breaks down across 6 segments, led by Atlanta GA at $41.5M (29.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Atlanta GA | $41.5M | 29.8% |
| Other | $40.3M | 28.9% |
| Dallas TX | $26.1M | 18.8% |
| Washington DC Northern Virginia | $14.3M | 10.3% |
| Minneapolis MN | $11.5M | 8.3% |
| Real Estate Other | $5.6M | 4.0% |
Piedmont Realty Trust, Inc. Revenue by Segment — Quarterly Trend
Piedmont Realty Trust, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Atlanta GA and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Atlanta GA | $45.7M | $45.0M | $44.5M | $44.7M |
| Other | — | — | $24.3M | $9.9M |
| Dallas TX | $24.1M | $25.0M | $26.4M | $26.9M |
| Minneapolis MN | $11.4M | $11.6M | $11.4M | $10.8M |
Piedmont Realty Trust, Inc. Annual Revenue by Year
Piedmont Realty Trust, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $565.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $565.0M |
| 2024 | $570.3M |
| 2023 | $577.8M |
| 2022 | $563.8M |
Piedmont Realty Trust, Inc. Quarterly Revenue & Net Profit History
Piedmont Realty Trust, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $142.9M | -0.3% | $-43.2M | -30.3% |
| Q3 FY2025 | $139.2M | -0.1% | $-13.5M | -9.7% |
| Q2 FY2025 | $140.3M | -2.1% | $-16.8M | -12.0% |
| Q1 FY2025 | $142.7M | -1.3% | $-10.1M | -7.1% |
| Q4 FY2024 | $143.2M | -1.4% | $-30.0M | -20.9% |
| Q3 FY2024 | $139.3M | -5.2% | $-11.5M | -8.3% |
| Q2 FY2024 | $143.3M | +0.1% | $-9.8M | -6.8% |
| Q1 FY2024 | $144.5M | +1.5% | $-27.8M | -19.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $144.5M | $143.3M | $139.3M | $143.2M | $142.7M | $140.3M | $139.2M | $142.9M |
| YoY Growth | 1.5% | 0.1% | -5.2% | -1.4% | -1.3% | -2.1% | -0.1% | -0.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.99B | $4.16B | $4.14B | $4.11B | $4.00B | $3.98B | $4.00B | $4.03B |
| Liabilities | $2.31B | $2.50B | $2.51B | $2.53B | $2.44B | $2.43B | $2.47B | $2.53B |
| Equity | $1.68B | $1.66B | $1.63B | $1.59B | $1.56B | $1.55B | $1.54B | $1.50B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $23.4M | $66.8M | $42.9M | $198.1M | $3.7M | $50.1M | $35.8M | $140.6M |