Piedmont Realty Trust, Inc. (PDM)
NYSE: PDM · Real-Time Price · USD
8.45
+0.06 (0.72%)
Feb 3, 2026, 11:23 AM EST - Market open
Piedmont Realty Trust Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
Rental Revenue | 538.53 | 544.06 | 555.31 | 545.74 | 514.62 | 519.95 |
Property Management Fees | 0.48 | 1.74 | 1.73 | 1.68 | 2.5 | 2.87 |
Other Revenue | 26.36 | 24.52 | 20.71 | 16.35 | 11.6 | 12.2 |
| 565.37 | 570.32 | 577.76 | 563.77 | 528.71 | 535.02 | |
Revenue Growth (YoY | -1.23% | -1.29% | 2.48% | 6.63% | -1.18% | 0.35% |
Property Expenses | 228.02 | 234.12 | 235.09 | 226.06 | 210.93 | 214.93 |
Selling, General & Administrative | 30.95 | 30.59 | 29.19 | 29.13 | 30.25 | 27.46 |
Depreciation & Amortization | 163.82 | 156.83 | 148.46 | 133.62 | 120.62 | 110.58 |
Total Operating Expenses | 484.6 | 491.26 | 500.5 | 479.74 | 447.79 | 446.27 |
Operating Income | 80.77 | 79.07 | 77.26 | 84.03 | 80.92 | 88.76 |
Interest Expense | -127.23 | -122.98 | -101.26 | -65.66 | -51.29 | -54.99 |
Other Non-Operating Income | 2.34 | 4.35 | 3.9 | 2.7 | 9.83 | 2.59 |
EBT Excluding Unusual Items | -44.12 | -39.57 | -20.1 | 21.07 | 39.45 | 36.36 |
Impairment of Goodwill | - | - | -29.4 | -16 | - | - |
Gain (Loss) on Sale of Assets | 2.01 | -0.45 | 1.95 | 151.73 | - | 205.67 |
Asset Writedown | -15.4 | -33.83 | -0.05 | -9.98 | -41 | - |
Other Unusual Items | -12.83 | -5.22 | -0.82 | - | - | -9.34 |
Pretax Income | -70.34 | -79.06 | -48.42 | 146.82 | -1.55 | 232.69 |
Income Tax Expense | 0 | 0 | -0.04 | -0.01 | -0.38 | 0 |
Earnings From Continuing Operations | -70.34 | -79.06 | -48.38 | 146.83 | -1.17 | 232.69 |
Net Income to Company | -70.34 | -79.06 | -48.38 | 146.83 | -1.17 | 232.69 |
Minority Interest in Earnings | -0.01 | -0.01 | -0.01 | - | 0.01 | 0 |
Net Income | -70.35 | -79.07 | -48.39 | 146.83 | -1.15 | 232.69 |
Net Income to Common | -70.35 | -79.07 | -48.39 | 146.83 | -1.15 | 232.69 |
Net Income Growth | - | - | - | - | - | 1.49% |
Basic Shares Outstanding | 124 | 124 | 124 | 123 | 124 | 126 |
Diluted Shares Outstanding | 124 | 124 | 124 | 124 | 124 | 126 |
Shares Change (YoY) | 0.35% | 0.23% | 0.11% | -0.37% | -1.69% | -0.06% |
EPS (Basic) | -0.57 | -0.64 | -0.39 | 1.19 | -0.01 | 1.85 |
EPS (Diluted) | -0.57 | -0.64 | -0.39 | 1.19 | -0.01 | 1.85 |
EPS Growth | - | - | - | - | - | 1.65% |
Dividend Per Share | 0.250 | 0.500 | 0.670 | 0.840 | 0.840 | 0.840 |
Dividend Growth | -50.00% | -25.37% | -20.24% | - | - | - |
Operating Margin | 14.29% | 13.86% | 13.37% | 14.90% | 15.30% | 16.59% |
Profit Margin | -12.44% | -13.86% | -8.38% | 26.04% | -0.22% | 43.49% |
EBITDA | 257.37 | 247.15 | 231.07 | 221.05 | 206.9 | 203.47 |
EBITDA Margin | 45.52% | 43.34% | 39.99% | 39.21% | 39.13% | 38.03% |
D&A For Ebitda | 176.6 | 168.08 | 153.8 | 137.03 | 125.98 | 114.71 |
EBIT | 80.77 | 79.07 | 77.26 | 84.03 | 80.92 | 88.76 |
EBIT Margin | 14.29% | 13.86% | 13.37% | 14.90% | 15.30% | 16.59% |
Funds From Operations (FFO) | 167.14 | 180.35 | 214.4 | 244.82 | 245.42 | 229.59 |
FFO Per Share | 1.33 | 1.44 | 1.73 | 1.98 | 1.97 | 1.82 |
Adjusted Funds From Operations (AFFO) | - | 109.24 | 153.01 | 178.04 | 160.13 | 137.42 |
AFFO Per Share | - | 0.87 | 1.24 | 1.44 | 1.29 | 1.09 |
FFO Payout Ratio | 18.59% | 34.30% | 43.43% | 42.63% | 42.34% | 46.30% |
Effective Tax Rate | - | - | - | - | - | 0.00% |
Revenue as Reported | 565.37 | 570.32 | 577.76 | 563.77 | 528.71 | 535.02 |
Updated Oct 27, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.