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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and TANGER INC. (SKT). Click either name above to swap in a different company.
TANGER INC. is the larger business by last-quarter revenue ($150.4M vs $143.3M, roughly 1.0× Piedmont Realty Trust, Inc.). TANGER INC. runs the higher net margin — 19.6% vs -31.4%, a 51.0% gap on every dollar of revenue. On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs 0.4%). Over the past eight quarters, TANGER INC.'s revenue compounded faster (8.0% CAGR vs 0.0%).
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.
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
PDM vs SKT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $150.4M |
| Net Profit | $-45.0M | $29.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -31.4% | 19.6% |
| Revenue YoY | 0.4% | 11.1% |
| Net Profit YoY | -27.9% | 47.1% |
| EPS (diluted) | $-0.10 | $1.05 |
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.
| Q1 26 | $143.3M | $150.4M | ||
| Q4 25 | $142.9M | $151.0M | ||
| Q3 25 | $139.2M | $145.2M | ||
| Q2 25 | $140.3M | $140.7M | ||
| Q1 25 | $142.7M | $135.4M | ||
| Q4 24 | $143.2M | $132.2M | ||
| Q3 24 | $139.3M | $133.0M | ||
| Q2 24 | $143.3M | $129.0M |
| Q1 26 | $-45.0M | $29.4M | ||
| Q4 25 | $-43.2M | — | ||
| Q3 25 | $-13.5M | $32.0M | ||
| Q2 25 | $-16.8M | $30.1M | ||
| Q1 25 | $-10.1M | $19.2M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $-11.5M | $24.9M | ||
| Q2 24 | $-9.8M | $24.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.1% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 17.8% |
| Q1 26 | -31.4% | 19.6% | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -9.7% | 22.1% | ||
| Q2 25 | -12.0% | 21.4% | ||
| Q1 25 | -7.1% | 14.2% | ||
| Q4 24 | -20.9% | — | ||
| Q3 24 | -8.3% | 18.7% | ||
| Q2 24 | -6.8% | 19.3% |
| Q1 26 | $-0.10 | $1.05 | ||
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-0.11 | $0.28 | ||
| Q2 25 | $-0.14 | $0.26 | ||
| Q1 25 | $-0.08 | $0.17 | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.09 | $0.22 | ||
| Q2 24 | $-0.08 | $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 | $2.3M | $227.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $697.8M |
| Total Assets | $4.0B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | $227.4M | ||
| Q4 25 | $731.0K | $18.1M | ||
| Q3 25 | $3.0M | $13.0M | ||
| Q2 25 | $3.3M | $9.7M | ||
| Q1 25 | $2.9M | $10.2M | ||
| Q4 24 | $109.6M | $47.0M | ||
| Q3 24 | $133.6M | $11.1M | ||
| Q2 24 | $138.5M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.5B |
| Q1 26 | $1.5B | $697.8M | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $703.6M | ||
| Q2 25 | $1.5B | $635.2M | ||
| Q1 25 | $1.6B | $633.9M | ||
| Q4 24 | $1.6B | $652.4M | ||
| Q3 24 | $1.6B | $568.3M | ||
| Q2 24 | $1.7B | $553.7M |
| Q1 26 | $4.0B | $2.8B | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $4.0B | $2.5B | ||
| Q1 25 | $4.0B | $2.5B | ||
| Q4 24 | $4.1B | $2.4B | ||
| Q3 24 | $4.1B | $2.3B | ||
| Q2 24 | $4.2B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 1.43× | 2.29× | ||
| Q2 25 | 1.41× | 2.40× | ||
| Q1 25 | 1.40× | 2.47× | ||
| Q4 24 | 1.40× | 2.18× | ||
| Q3 24 | 1.36× | 2.51× | ||
| Q2 24 | 1.34× | 2.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
