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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $132.6M, roughly 1.1× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs -31.4%, a 48.5% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 0.4%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
PDM vs UE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $132.6M |
| Net Profit | $-45.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -31.4% | 17.1% |
| Revenue YoY | 0.4% | 12.2% |
| Net Profit YoY | -27.9% | -6.7% |
| EPS (diluted) | $-0.10 | $0.18 |
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 | $132.6M | ||
| Q4 25 | $142.9M | $119.6M | ||
| Q3 25 | $139.2M | $120.1M | ||
| Q2 25 | $140.3M | $114.1M | ||
| Q1 25 | $142.7M | $118.2M | ||
| Q4 24 | $143.2M | $116.4M | ||
| Q3 24 | $139.3M | $112.4M | ||
| Q2 24 | $143.3M | $106.5M |
| Q1 26 | $-45.0M | $22.6M | ||
| Q4 25 | $-43.2M | $12.4M | ||
| Q3 25 | $-13.5M | $14.9M | ||
| Q2 25 | $-16.8M | $58.0M | ||
| Q1 25 | $-10.1M | $8.2M | ||
| Q4 24 | $-30.0M | $30.1M | ||
| Q3 24 | $-11.5M | $9.1M | ||
| Q2 24 | $-9.8M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 30.6% |
| Q1 26 | -31.4% | 17.1% | ||
| Q4 25 | -30.3% | 10.4% | ||
| Q3 25 | -9.7% | 12.4% | ||
| Q2 25 | -12.0% | 50.8% | ||
| Q1 25 | -7.1% | 6.9% | ||
| Q4 24 | -20.9% | 25.9% | ||
| Q3 24 | -8.3% | 8.1% | ||
| Q2 24 | -6.8% | 28.9% |
| Q1 26 | $-0.10 | $0.18 | ||
| Q4 25 | $-0.34 | $0.09 | ||
| Q3 25 | $-0.11 | $0.12 | ||
| Q2 25 | $-0.14 | $0.46 | ||
| Q1 25 | $-0.08 | $0.07 | ||
| Q4 24 | $-0.25 | $0.25 | ||
| Q3 24 | $-0.09 | $0.07 | ||
| Q2 24 | $-0.08 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $4.0B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | $50.0M | ||
| Q4 25 | $731.0K | $48.9M | ||
| Q3 25 | $3.0M | $77.8M | ||
| Q2 25 | $3.3M | $53.0M | ||
| Q1 25 | $2.9M | $48.0M | ||
| Q4 24 | $109.6M | $41.4M | ||
| Q3 24 | $133.6M | $67.9M | ||
| Q2 24 | $138.5M | $78.6M |
| Q1 26 | — | — | ||
| 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 26 | $1.5B | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B |
| Q1 26 | $4.0B | $3.4B | ||
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $4.0B | $3.3B | ||
| Q2 25 | $4.0B | $3.3B | ||
| Q1 25 | $4.0B | $3.3B | ||
| Q4 24 | $4.1B | $3.3B | ||
| Q3 24 | $4.1B | $3.2B | ||
| Q2 24 | $4.2B | $3.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 110.3% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $140.6M | $182.7M | ||
| Q3 25 | $35.8M | $55.7M | ||
| Q2 25 | $50.1M | $43.5M | ||
| Q1 25 | $3.7M | $32.6M | ||
| Q4 24 | $198.1M | $153.2M | ||
| Q3 24 | $42.9M | $36.6M | ||
| Q2 24 | $66.8M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% |
| Q1 26 | 110.3% | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
