Piedmont Realty Trust, Inc. (PDM)

Piedmont Realty Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	537.99	544.06	555.31	545.74	514.62
Property Management Fees	0.35	1.74	1.73	1.68	2.5
Other Revenue	26.66	24.52	20.71	16.35	11.6
Total Revenue	564.99	570.32	577.76	563.77	528.71
Revenue Growth (YoY	-0.94%	-1.29%	2.48%	6.63%	-1.18%
Property Expenses	227.87	234.12	235.09	226.06	210.93
Selling, General & Administrative	30.59	30.59	29.19	29.13	30.25
Depreciation & Amortization	166.53	156.83	148.46	133.62	120.62
Total Operating Expenses	485.55	491.26	500.5	479.74	447.79
Operating Income	79.45	79.07	77.26	84.03	80.92
Interest Expense	-128.01	-122.98	-101.26	-65.66	-51.29
Other Non-Operating Income	0.74	4.35	3.9	2.7	9.83
EBT Excluding Unusual Items	-47.83	-39.57	-20.1	21.07	39.45
Impairment of Goodwill	-	-	-29.4	-16	-
Gain (Loss) on Sale of Assets	2.01	-0.45	1.95	151.73	-
Asset Writedown	-	-33.83	-0.05	-9.98	-41
Other Unusual Items	-37.79	-5.22	-0.82	-	-
Pretax Income	-83.6	-79.06	-48.42	146.82	-1.55
Income Tax Expense	0	0	-0.04	-0.01	-0.38
Earnings From Continuing Operations	-83.6	-79.06	-48.38	146.83	-1.17
Net Income to Company	-83.6	-79.06	-48.38	146.83	-1.17
Minority Interest in Earnings	-0.02	-0.01	-0.01	-	0.01
Net Income	-83.62	-79.07	-48.39	146.83	-1.15
Net Income to Common	-83.62	-79.07	-48.39	146.83	-1.15
Basic Shares Outstanding	124	124	124	123	124
Diluted Shares Outstanding	124	124	124	124	124
Shares Change (YoY)	0.40%	0.23%	0.11%	-0.37%	-1.69%
EPS (Basic)	-0.67	-0.64	-0.39	1.19	-0.01
EPS (Diluted)	-0.67	-0.64	-0.39	1.19	-0.01
Dividend Per Share	0.125	0.500	0.670	0.840	0.840
Dividend Growth	-75.00%	-25.37%	-20.24%	-	-
Operating Margin	14.06%	13.86%	13.37%	14.90%	15.30%
Profit Margin	-14.80%	-13.86%	-8.38%	26.04%	-0.22%
EBITDA	261.71	247.15	231.07	221.05	206.9
EBITDA Margin	46.32%	43.34%	39.99%	39.21%	39.13%
D&A For Ebitda	182.27	168.08	153.8	137.03	125.98
EBIT	79.45	79.07	77.26	84.03	80.92
EBIT Margin	14.06%	13.86%	13.37%	14.90%	15.30%
Funds From Operations (FFO)	139.95	180.35	214.4	244.82	245.42
FFO Per Share	1.11	1.44	1.73	1.98	1.97
Adjusted Funds From Operations (AFFO)	84.94	96.91	142.46	178.04	160.13
AFFO Per Share	0.67	0.78	1.15	1.44	1.29
FFO Payout Ratio	22.06%	34.30%	43.43%	42.63%	42.34%
Revenue as Reported	564.99	570.32	577.76	563.77	528.71

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q