Every 10-Q that Piedmont Realty Trust, Inc. (PDM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PDM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PDM filings page.
Piedmont Realty Trust, Inc. reported third-quarter 2026 revenue of $151.2 million, versus $139.1 million a year earlier, and a $21.0 million net loss applicable to common stockholders, or $0.17 per diluted share, versus $13.5 million, or $0.11. A $20.2 million loss on early extinguishment of debt was the primary driver of the larger quarterly loss, partly offset by an $8.9 million property-sale gain.
For the nine months ended September 30, 2026, revenue was $438.6 million versus $422.1 million, net loss applicable to Piedmont was $45.0 million versus $40.4 million, and operating cash flow was $116.9 million versus $89.6 million. Its 30 in-service projects totaled approximately 15.3 million square feet and were 87.7% leased as of September 30, 2026.
During the quarter, Piedmont acquired 4075 Wilson Boulevard in Arlington, Virginia, for a net purchase price of $52.0 million; the 186,476-square-foot property was approximately 83% leased. Piedmont OP issued $230.0 million of 2.875% exchangeable senior notes due February 1, 2031. Part of the net proceeds funded repurchases of approximately 5.4 million shares at $9.20 per share for approximately $50 million; the remaining proceeds and other funding sources were used to redeem the remaining $600 Million Unsecured Senior Notes due 2028.
Piedmont Realty Trust, Inc. reported higher revenue but continued losses for the quarter ended June 30, 2026. Total revenues were 144,123 (in thousands), up from 140,292, while net loss applicable to common stockholders narrowed to 11,101 (in thousands), or $0.09 per share, mainly because the prior year included a loss on early extinguishment of debt.
For the first six months of 2026, revenues were 287,417 (in thousands) and net loss was 24,021 (in thousands). NAREIT FFO rose to 93,881 (in thousands), or $0.74 per diluted share, and AFFO to 54,832 (in thousands), supported by higher rental rates, new lease commencements, and Same Store NOI growth. As of June 30, 2026, Piedmont owned 29 in-service office projects totaling about 15.1 million square feet, 88.9% leased.
Liquidity is supported by $16.8 million of cash, full availability under a $600 million unsecured line of credit, and no required debt maturities until 2028. During the period, the company upsized and extended a term loan to $400 million maturing in 2031, invested 71,846 (in thousands) in capital expenditures, and used interest rate swaps to hedge $200 million of variable-rate debt.
Piedmont Realty Trust reported a net loss applicable to common stockholders of $12.9 million, or $(0.10) per share, for the three months ended March 31, 2026, compared with a $10.1 million loss, or $(0.08) per share, a year earlier. Total revenues were broadly stable at $143.3 million versus $142.7 million, as modest rent roll-ups and new leases offset prior-year dispositions.
Same Store NOI rose 11.1% on a cash basis and 1.9% on an accrual basis, helped by newly commenced leases and expiring abatements. The in-service portfolio comprised about 14.9 million square feet and was 89.3% leased at March 31, 2026.
Piedmont ended the quarter with total debt of about $2.25 billion at a weighted-average interest rate of 5.51%, including $74 million drawn on its $600 million unsecured credit line, leaving $526 million of borrowing capacity. Management highlighted no required debt maturities until 2028 and stated it believes current liquidity is sufficient to meet foreseeable obligations.
Piedmont Realty Trust (PDM) reported Q3 2025 results showing stable revenue and higher non-cash costs. Total revenues were $139.2 million, essentially flat year over year, while net loss widened to $13.5 million, or $0.11 per share, largely due to higher depreciation from recent building improvements.
Property performance remained resilient: quarterly NOI was $83.3 million versus $81.2 million a year ago. The portfolio comprised 29 in-service projects totaling approximately 14.9 million square feet and was 89.2% leased as of September 30, 2025.
Capital and liquidity actions were notable. The company upsized its 2024 term loan to $325 million, extended its $600 million unsecured line of credit to June 30, 2028 with two one-year options, and removed a SOFR credit spread adjustment on two facilities, reducing all‑in rates by 10 bps. It repurchased $67.5 million of 2028 notes, recording a $7.5 million extinguishment loss. As of quarter end, $434 million remained available on the revolver and there are no required debt maturities until 2028. Year-to-date capital expenditures were $115.8 million, focused on renovations and tenant improvements.