Piedmont Realty Trust, Inc Financials

PDM

Source SEC Filings (10-K/10-Q) Updated Feb 17, 2026 Currency USD FYE February

This page shows Piedmont Realty Trust, Inc (PDM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

6/9

Piedmont Realty Trust, Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.68x

For every $1 of reported earnings, Piedmont Realty Trust, Inc generates $1.68 in operating cash flow ($141K OCF vs $84K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$565K

YoY-99.9%

5Y CAGR-74.6%

10Y CAGR-50.1%

Piedmont Realty Trust, Inc generated $565K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$84K

YoY+100.1%

5Y CAGR-79.5%

10Y CAGR-52.1%

Piedmont Realty Trust, Inc reported $84K in net income in fiscal year 2025. This represents an increase of 100.1% from the prior year.

EPS (Diluted)

$0.67

YoY+204.7%

5Y CAGR-18.4%

Piedmont Realty Trust, Inc earned $0.67 per diluted share (EPS) in fiscal year 2025. This represents an increase of 204.7% from the prior year.

Cash & Debt

$731

YoY-100.0%

5Y CAGR-84.2%

10Y CAGR-59.0%

Piedmont Realty Trust, Inc held $731 in cash against $189K in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.67

YoY+34.0%

5Y CAGR-4.4%

10Y CAGR-2.2%

Piedmont Realty Trust, Inc paid $0.67 per share in dividends in fiscal year 2025. This represents an increase of 34.0% from the prior year.

Shares Outstanding

125M

YoY+0.6%

5Y CAGR+0.2%

10Y CAGR-1.5%

Piedmont Realty Trust, Inc had 125M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

14.8%

YoY+28.7pp

5Y CAGR-28.7pp

10Y CAGR-7.7pp

Piedmont Realty Trust, Inc's net profit margin was 14.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 28.7 percentage points from the prior year.

Return on Equity

5.6%

5Y CAGR-6.7pp

10Y CAGR-0.6pp

Piedmont Realty Trust, Inc's ROE was 5.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

PDM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$565K-99.9%	$570.3M-1.3%	$577.8M+2.5%	$563.8M+6.6%	$528.7M-1.2%	$535.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$31K-99.9%	$35.4M+21.4%	$29.2M+0.2%	$29.1M-3.7%	$30.3M+10.2%	$27.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$128K-99.9%	$123.0M+21.5%	$101.3M+54.2%	$65.7M+28.0%	$51.3M-6.7%	$55.0M
Income Tax	$1K-50.0%	$2K+105.1%	-$39K-290.0%	-$10K+97.4%	-$379K-9575.0%	$4K
Net Income	$84K+100.1%	-$79.1M-63.4%	-$48.4M-133.0%	$146.8M+12834.6%	-$1.2M-100.5%	$232.7M
EPS (Diluted)	$0.67+204.7%	$-0.64-64.1%	$-0.39-132.8%	$1.19+12000.0%	$-0.01-100.5%	$1.85

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$139.2M-0.8%	$140.3M-1.7%	$142.7M-0.4%	$143.2M0.0%	$143.3M-0.9%	$144.5M-0.5%	$145.3M-1.1%	$147.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.6M-4.4%	$8.0M+5.2%	$7.6M-40.2%	$12.7M+51.5%	$8.4M+9.7%	$7.6M+6.1%	$7.2M+1.9%	$7.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$32.0M0.0%	$32.0M+0.9%	$31.7M+0.2%	$31.6M+7.0%	$29.6M-0.5%	$29.7M+4.5%	$28.4M+3.9%	$27.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$13.5M+19.9%	-$16.8M-66.3%	-$10.1M+66.3%	-$30.0M-205.6%	-$9.8M+64.7%	-$27.8M+1.0%	-$28.0M-64.9%	-$17.0M
EPS (Diluted)	$-0.11+21.4%	$-0.14-75.0%	$-0.08+68.0%	$-0.25-212.5%	$-0.08+63.6%	$-0.220.0%	$-0.22-57.1%	$-0.14

PDM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.0M-99.9%	$4.1B+1.4%	$4.1B-0.7%	$4.1B+3.9%	$3.9B+5.1%	$3.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$731-100.0%	$109.6M+13189.3%	$825K-95.0%	$16.5M+122.9%	$7.4M+1.2%	$7.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$53K-99.9%	$53.5M0.0%	$53.5M-35.5%	$82.9M-16.2%	$98.9M0.0%	$98.9M
Total Liabilities	$2.5M-99.9%	$2.5B+8.2%	$2.3B+4.4%	$2.2B+4.3%	$2.1B+16.4%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$189K-100.0%	$2.2B+8.2%	$2.1B+3.6%	$2.0B+5.6%	$1.9B+15.8%	$1.6B
Total Equity	$1.5M-99.9%	$1.6B-7.8%	$1.7B-6.8%	$1.8B+3.5%	$1.8B-5.8%	$1.9B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$4.0B+0.6%	$4.0B-0.6%	$4.0B-2.7%	$4.1B-1.1%	$4.2B+4.1%	$4.0B-1.6%	$4.1B-0.4%	$4.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.0M-9.8%	$3.3M+13.8%	$2.9M-97.3%	$109.6M-20.8%	$138.5M+3806.7%	$3.5M+329.6%	$825K-83.6%	$5.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$53.5M0.0%	$53.5M0.0%	$53.5M0.0%	$53.5M0.0%	$53.5M0.0%	$53.5M0.0%	$53.5M-25.7%	$72.0M
Total Liabilities	$2.5B+1.4%	$2.4B-0.4%	$2.4B-3.3%	$2.5B+1.0%	$2.5B+8.1%	$2.3B-0.9%	$2.3B+1.2%	$2.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.2B+0.7%	$2.2B-0.4%	$2.2B-1.6%	$2.2B0.0%	$2.2B+7.3%	$2.1B+0.8%	$2.1B+0.2%	$2.1B
Total Equity	$1.5B-0.7%	$1.5B-0.9%	$1.6B-1.7%	$1.6B-4.2%	$1.7B-1.4%	$1.7B-2.4%	$1.7B-2.5%	$1.8B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PDM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$141K-99.9%	$198.1M-5.7%	$210.1M-2.4%	$215.2M-11.1%	$242.2M+25.3%	$193.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$175K+100.1%	-$186.6M+4.8%	-$196.0M-15619.3%	-$1.2M+99.7%	-$368.9M-86.4%	-$197.9M
Financing Cash Flow	$75K-99.9%	$98.2M+432.8%	-$29.5M+85.5%	-$203.2M-260.8%	$126.4M+8098.4%	-$1.6M
Dividends Paid	$31K-100.0%	$61.9M-33.6%	$93.1M-10.8%	$104.4M+0.5%	$103.9M-2.3%	$106.3M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$19.5M-34.8%	$30.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$35.8M-28.5%	$50.1M+1249.0%	$3.7M-94.3%	$65.0M-2.7%	$66.8M+186.1%	$23.4M-52.9%	$49.6M-24.1%	$65.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$49.1M-57.2%	-$31.3M+21.4%	-$39.8M+53.8%	-$86.1M-31.3%	-$65.6M-3232.7%	-$2.0M+96.7%	-$59.0M-21.9%	-$48.4M
Financing Cash Flow	$13.7M+177.4%	-$17.6M+75.2%	-$71.2M-3339.4%	-$2.1M-101.5%	$134.8M+855.7%	-$17.8M-784.9%	$2.6M+116.2%	-$16.1M
Dividends Paid	$7K-50.0%	$14K-100.0%	$30.8M+14177.8%	$216K-98.6%	$15.5M-49.4%	$30.6M+9015.5%	$336K-97.8%	$15.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PDM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.8%+28.7pp	-13.9%-5.5pp	-8.4%-34.4pp	26.0%+26.3pp	-0.2%-43.7pp	43.5%
Return on Equity	5.6%	N/A	N/A	8.0%	N/A	12.3%
Return on Assets	2.1%+4.0pp	-1.9%-0.7pp	-1.2%-4.8pp	3.6%+3.6pp	-0.0%-6.3pp	6.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.13-1.3	1.40+0.2	1.19+0.1	1.07+0.0	1.05+0.2	0.86
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-9.7%+2.3pp	-12.0%-4.9pp	-7.1%+13.9pp	-20.9%-14.1pp	-6.9%+12.4pp	-19.2%+0.1pp	-19.3%-7.7pp	-11.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.3%+0.1pp	-0.4%-0.2pp	-0.3%+0.5pp	-0.7%-0.5pp	-0.2%+0.5pp	-0.7%-0.0pp	-0.7%-0.3pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.43+0.0	1.410.0	1.400.0	1.40+0.1	1.34+0.1	1.23+0.0	1.19+0.0	1.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Piedmont Realty Trust, Inc's annual revenue?

Piedmont Realty Trust, Inc (PDM) reported $565K in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Piedmont Realty Trust, Inc's revenue growing?

Piedmont Realty Trust, Inc (PDM) revenue declined by 99.9% year-over-year, from $570.3M to $565K in fiscal year 2025.

Is Piedmont Realty Trust, Inc profitable?

Yes, Piedmont Realty Trust, Inc (PDM) reported a net income of $84K in fiscal year 2025, with a net profit margin of 14.8%.

What is Piedmont Realty Trust, Inc's earnings per share (EPS)?

Piedmont Realty Trust, Inc (PDM) reported diluted earnings per share of $0.67 for fiscal year 2025. This represents a 204.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Piedmont Realty Trust, Inc have?

As of fiscal year 2025, Piedmont Realty Trust, Inc (PDM) had $731 in cash and equivalents against $189K in long-term debt.

What is Piedmont Realty Trust, Inc's net profit margin?

Piedmont Realty Trust, Inc (PDM) had a net profit margin of 14.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Piedmont Realty Trust, Inc pay dividends?

Yes, Piedmont Realty Trust, Inc (PDM) paid $0.67 per share in dividends during fiscal year 2025.

What is Piedmont Realty Trust, Inc's return on equity (ROE)?

Piedmont Realty Trust, Inc (PDM) has a return on equity of 5.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Piedmont Realty Trust, Inc's operating cash flow?

Piedmont Realty Trust, Inc (PDM) generated $141K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Piedmont Realty Trust, Inc's total assets?

Piedmont Realty Trust, Inc (PDM) had $4.0M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Piedmont Realty Trust, Inc have outstanding?

Piedmont Realty Trust, Inc (PDM) had 125M shares outstanding as of fiscal year 2025.

What is Piedmont Realty Trust, Inc's debt-to-equity ratio?

Piedmont Realty Trust, Inc (PDM) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Piedmont Realty Trust, Inc's return on assets (ROA)?

Piedmont Realty Trust, Inc (PDM) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Piedmont Realty Trust, Inc's Piotroski F-Score?

Piedmont Realty Trust, Inc (PDM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Piedmont Realty Trust, Inc's earnings high quality?

Piedmont Realty Trust, Inc (PDM) has an earnings quality ratio of 1.68x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.