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Side-by-side financial comparison of BROOKFIELD Corp (BN) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
BROOKFIELD Corp is the larger business by last-quarter revenue ($18.1B vs $142.9M, roughly 126.6× Piedmont Realty Trust, Inc.). BROOKFIELD Corp runs the higher net margin — 5.8% vs -30.3%, a 36.1% gap on every dollar of revenue.
Brookfield Properties is a North American subsidiary of commercial real estate firm Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Corporation. It is responsible for the asset management of the company's real estate portfolio, including office, multi-family residential, retail, hospitality, and logistics buildings.
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.
BN vs PDM — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $18.1B | $142.9M |
| Net Profit | $1.1B | $-43.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 5.8% | -30.3% |
| Revenue YoY | — | -0.3% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | $0.15 | $-0.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $142.9M | ||
| Q3 25 | — | $139.2M | ||
| Q2 25 | $18.1B | $140.3M | ||
| Q1 25 | — | $142.7M | ||
| Q4 24 | — | $143.2M | ||
| Q3 24 | — | $139.3M | ||
| Q2 24 | — | $143.3M | ||
| Q1 24 | — | $144.5M |
| Q4 25 | — | $-43.2M | ||
| Q3 25 | — | $-13.5M | ||
| Q2 25 | $1.1B | $-16.8M | ||
| Q1 25 | — | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | — | $-11.5M | ||
| Q2 24 | — | $-9.8M | ||
| Q1 24 | — | $-27.8M |
| Q4 25 | — | -30.3% | ||
| Q3 25 | — | -9.7% | ||
| Q2 25 | 5.8% | -12.0% | ||
| Q1 25 | — | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | — | -8.3% | ||
| Q2 24 | — | -6.8% | ||
| Q1 24 | — | -19.2% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | $0.15 | $-0.14 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | $-0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7B | $731.0K |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $161.6B | $1.5B |
| Total Assets | $506.1B | $4.0B |
| Debt / EquityLower = less leverage | — | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | $13.7B | $3.3M | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $138.5M | ||
| Q1 24 | — | $3.5M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $161.6B | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $506.1B | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $50.9M |
| Free Cash FlowOCF − Capex | $-745.0M | — |
| FCF MarginFCF / Revenue | -4.1% | — |
| Capex IntensityCapex / Revenue | 15.2% | — |
| Cash ConversionOCF / Net Profit | 1.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.9M | ||
| Q3 25 | — | $35.8M | ||
| Q2 25 | $2.0B | $50.1M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $42.9M | ||
| Q2 24 | — | $66.8M | ||
| Q1 24 | — | $23.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-745.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BN
Segment breakdown not available.
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
