A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PDM SEC filings page.
Piedmont Realty Trust, Inc. (PDM) reported $565.6M in revenue over the twelve months to Mar 31, 2026, down 0.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Revenue has stayed roughly flat, but rising leverage and interest costs are squeezing cash generation and reported equity.
From FY2022 to FY2025, interest expense rose from$65.7M to$128.0M . Over the same period, operating cash flow fell from$215.2M to$140.6M while revenue stayed broadly flat, making financing costs a clearer pressure on cash economics than top-line scale.
Net income and cash flow tell different stories: FY2025's net loss of
The balance sheet is becoming more debt-dependent: debt-to-equity rose from 1.1x in FY2022 to 1.5x in FY2025. The equity base also shrank while revenue stayed broadly flat, and the dividend per share fell from
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Piedmont Realty Trust, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Piedmont Realty Trust, Inc. scores 38/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Piedmont Realty Trust, Inc. scores 20/100 on it among other REITs.
Not available for Piedmont Realty Trust, Inc., and counted as zero in the overall score.
Not available for Piedmont Realty Trust, Inc., and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Piedmont Realty Trust, Inc. scores 45/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Piedmont Realty Trust, Inc. scores 89/100 on it among other REITs.
Piedmont Realty Trust, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Piedmont Realty Trust, Inc. reported a net loss of $83.6M while generating $140.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Piedmont Realty Trust, Inc. generated $143.3M in revenue in Q1 2026. This represents an increase of 0.4% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.
Piedmont Realty Trust, Inc. reported -$12.9M in net income in Q1 2026. This represents a decrease of 27.9% from the same quarter a year earlier. Against the prior quarter it is up 70.1%.
Piedmont Realty Trust, Inc. earned -$0.10 per diluted share (EPS) in Q1 2026. This represents a decrease of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 71.4%.
Not reported for Q1 2026.
Cash & Balance Sheet
Piedmont Realty Trust, Inc. held $2.3M in cash against $2.3B in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Piedmont Realty Trust, Inc.'s net profit margin was -9.0% in Q1 2026, showing the share of revenue converted to profit. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 21.3 percentage points.
Piedmont Realty Trust, Inc.'s ROE was -0.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
PDM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $143.3M+0.4% | $142.9M-0.3% | $139.2M-0.1% | $140.3M-2.1% | $142.7M-1.3% | $143.2M-1.4% | $139.3M-5.2% | $143.3M+0.1% |
| SG&A Expenses | $7.9M+4.6% | $7.5M-41.1% | $7.6M+11.7% | $8.0M-4.7% | $7.6M-0.6% | $12.7M+76.3% | $6.8M-3.3% | $8.4M+14.7% |
| Interest Expense | $31.9M+0.8% | $32.4M+2.5% | $32.0M-0.3% | $32.0M+8.1% | $31.7M+6.6% | $31.6M+11.2% | $32.1M+17.2% | $29.6M+26.4% |
| Net Income | -$12.9M-27.9% | -$43.2M-44.3% | -$13.5M-16.9% | -$16.8M-71.4% | -$10.1M+63.6% | -$30.0M-6.9% | -$11.5M+32.2% | -$9.8M-393.4% |
| EPS (Basic) | -$0.10-25.0% | -$0.35-45.8% | -$0.11-22.2% | -$0.14-75.0% | -$0.08+63.6% | -$0.24-4.3% | -$0.09+35.7% | -$0.08-300.0% |
| EPS (Diluted) | -$0.10-25.0% | -$0.35-45.8% | -$0.11-22.2% | -$0.14-75.0% | -$0.08+63.6% | -$0.24-4.3% | -$0.09+35.7% | -$0.08-300.0% |
| Diluted Shares (Avg) | 125M+0.4% | N/A | 125M+0.4% | 124M+0.4% | 124M+0.4% | N/A | 124M+0.2% | 124M+0.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
PDM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0B+0.7% | $4.0B-2.0% | $4.0B-3.2% | $4.0B-4.3% | $4.0B+0.2% | $4.1B+1.4% | $4.1B+1.6% | $4.2B+1.6% |
| Cash & Equivalents | $2.3M-21.7% | $731K-99.3% | $3.0M-97.8% | $3.3M-97.6% | $2.9M-17.9% | $109.6M+13189.3% | $133.6M+2549.2% | $138.5M+2579.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $53.5M0.0% | $53.5M0.0% | $53.5M0.0% | $53.5M0.0% | $53.5M0.0% | $53.5M0.0% | $53.5M-25.7% | $53.5M-35.5% |
| Total Liabilities | $2.6B+4.5% | $2.5B+0.3% | $2.5B-1.6% | $2.4B-2.7% | $2.4B+5.6% | $2.5B+8.2% | $2.5B+8.7% | $2.5B+8.9% |
| Long-Term Debt | $2.3B+3.0% | $2.2B+0.1% | $2.2B-1.3% | $2.2B-2.0% | $2.2B+5.6% | $2.2B+8.2% | $2.2B+8.4% | $2.2B+8.4% |
| Total Equity | $1.5B-5.0% | $1.5B-5.8% | $1.5B-5.7% | $1.5B-6.7% | $1.6B-7.2% | $1.6B-7.8% | $1.6B-7.8% | $1.7B-7.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Retained Earnings.
PDM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $28.1M+656.8% | $50.9M-21.7% | $35.8M-16.5% | $50.1M-25.0% | $3.7M-84.1% | $65.0M+31.1% | $42.9M-34.3% | $66.8M+21.9% |
| Depreciation & Amortization | $59.6M+7.8% | $14.8M+24.3% | $56.4M+3.3% | $54.6M-1.7% | $55.3M-0.4% | $11.9M-8.8% | $54.6M-0.5% | $55.5M-0.6% |
| Stock-Based Compensation | $2.2M+1.5% | N/A | $2.6M+18.2% | $2.5M+13.6% | $2.2M+16.6% | N/A | $2.2M+4.8% | $2.2M0.0% |
| Investing Cash Flow | -$48.3M-21.6% | -$55.2M+35.9% | -$49.1M-48.8% | -$31.3M+52.3% | -$39.8M-1921.7% | -$86.1M-45.8% | -$33.0M+31.7% | -$65.6M-51.8% |
| Financing Cash Flow | $22.8M+132.0% | -$118K+94.3% | $13.7M+181.8% | -$17.6M-113.1% | -$71.2M-299.2% | -$2.1M-179.5% | -$16.7M-3.7% | $134.8M+176.5% |
| Dividends Paid | $131K-99.6% | $13K-94.0% | $7K-100.0% | $14K-99.9% | $30.8M+0.7% | $216K-35.7% | $15.5M+0.3% | $15.5M-40.3% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
PDM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -9.0%-1.9pp | -30.3%-9.3pp | -9.7%-1.4pp | -12.0%-5.1pp | -7.1%+12.1pp | -20.9%-1.6pp | -8.3%+3.3pp | -6.9%-5.5pp |
| Return on Equity | -0.9%-0.2pp | -2.9%-1.0pp | -0.9%-0.2pp | -1.1%-0.5pp | -0.7%+1.0pp | -1.9%-0.3pp | -0.7%+0.2pp | -0.6%-0.5pp |
| Return on Assets | -0.3%-0.1pp | -1.1%-0.3pp | -0.3%-0.1pp | -0.4%-0.2pp | -0.3%+0.5pp | -0.7%0.0pp | -0.3%+0.1pp | -0.2%-0.2pp |
| Debt-to-Equity | 1.52+0.1x | 1.49+0.1x | 1.43+0.1x | 1.41+0.1x | 1.40+0.2x | 1.40+0.2x | 1.36+0.2x | 1.34+0.2x |
| Asset Turnover | 0.040.0x | 0.040.0x | 0.030.0x | 0.040.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Piedmont Realty Trust, Inc. PDM | FY2025 | $565.0M | -$83.6M | -14.8% | $1.1B | 32/100 |
| Easterly Government Properties, Inc. DEA | FY2025 | $336.1M | $13.0M | 3.9% | $1.0B | 38/100 |
| PARAMOUNT GROUP, INC. PGRE | FY2024 | $757.5M | -$46.3M | -6.1% | $1.5B | 35/100 |
| JBG SMITH Properties JBGS | FY2025 | $498.6M | -$139.1M | -27.9% | $641.4M | 31/100 |
| Brandywine Realty Trust BDN | FY2025 | $484.5M | -$178.2M | -36.8% | $435.7M | 8/100 |
| Peakstone Realty Trust PKST | FY2025 | $106.0M | -$307.7M | N/A | $780.6M | 9/100 |
Where Piedmont Realty Trust, Inc. Ranks
Frequently Asked Questions
What is Piedmont Realty Trust, Inc.'s annual revenue?
Piedmont Realty Trust, Inc. (PDM) reported $565.0M in total revenue for fiscal year 2025. This represents a -0.9% 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 0.9% year-over-year, from $570.3M to $565.0M in fiscal year 2025.
Is Piedmont Realty Trust, Inc. profitable?
No, Piedmont Realty Trust, Inc. (PDM) reported a net income of -$83.6M in fiscal year 2025, with a net profit margin of -14.8%.
How much debt does Piedmont Realty Trust, Inc. have?
As of fiscal year 2025, Piedmont Realty Trust, Inc. (PDM) had $731K in cash and equivalents against $2.2B 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 $0.13 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 $140.6M 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 $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Piedmont Realty Trust, Inc.'s debt-to-equity ratio?
Piedmont Realty Trust, Inc. (PDM) had a debt-to-equity ratio of 1.49 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 P/E ratio?
Piedmont Realty Trust, Inc. (PDM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2026). The market capitalization is $1.1B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Piedmont Realty Trust, Inc.'s price-to-sales ratio?
Piedmont Realty Trust, Inc. (PDM) trades at 2.0x sales, its market capitalization divided by revenue of $565.6M revenue, trailing 12 months to March 31, 2026. The market capitalization is $1.1B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Piedmont Realty Trust, Inc.'s Piotroski F-Score?
Piedmont Realty Trust, Inc. (PDM) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $83.6M while generating $140.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
How financially healthy is Piedmont Realty Trust, Inc.?
Piedmont Realty Trust, Inc. (PDM) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.