# Piedmont Realty Trust, Inc.: overview

PDM · NYSE · CIK 1042776 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/pdm.md) · [Financials](/companies/pdm/financials.md) · [Filings](/companies/pdm/filings.md) · [Insiders](/companies/pdm/insiders.md)

Latest reported revenue: [$151.2m](/filings/0001042776-26-000071.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 26, 2026 (XBRL us-gaap:Revenues, accession 0001042776-26-000071).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [143 d](/filings/0001042776-26-000012.md) | [143](/filings/0001042776-26-000042.md) | [140](/filings/0001042776-26-000063.md) | [139](/filings/0001042776-26-000071.md) | [143 d](/filings/0001042776-26-000012.md) | [143](/filings/0001042776-26-000042.md) | [144](/filings/0001042776-26-000063.md) | [151](/filings/0001042776-26-000071.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(20.9%) d](/filings/0001042776-26-000012.md) | [(7.1%)](/filings/0001042776-26-000042.md) | [(12.0%)](/filings/0001042776-26-000063.md) | [(9.7%)](/filings/0001042776-26-000071.md) | [(30.3%) d](/filings/0001042776-26-000012.md) | [(9.0%)](/filings/0001042776-26-000042.md) | [(7.7%)](/filings/0001042776-26-000063.md) | [(13.9%)](/filings/0001042776-26-000071.md) |
| Diluted EPS | $ per share | not reported | [(0.08)](/filings/0001042776-26-000042.md) | [(0.14)](/filings/0001042776-26-000063.md) | [(0.11)](/filings/0001042776-26-000071.md) | not reported | [(0.10)](/filings/0001042776-26-000042.md) | [(0.09)](/filings/0001042776-26-000063.md) | [(0.17)](/filings/0001042776-26-000071.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [529](/filings/0001042776-24-000033.md) | [564](/filings/0001042776-25-000042.md) | [578](/filings/0001042776-26-000012.md) | [570](/filings/0001042776-26-000012.md) | [565](/filings/0001042776-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(0.2%)](/filings/0001042776-24-000033.md) | [26.0%](/filings/0001042776-25-000042.md) | [(8.4%)](/filings/0001042776-26-000012.md) | [(13.9%)](/filings/0001042776-26-000012.md) | [(14.8%)](/filings/0001042776-26-000012.md) |
| Diluted EPS | $ per share | [(0.01)](/filings/0001042776-24-000033.md) | [1.19](/filings/0001042776-25-000042.md) | [(0.39)](/filings/0001042776-26-000012.md) | [(0.64)](/filings/0001042776-26-000012.md) | [(0.67)](/filings/0001042776-26-000012.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pdm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $140.0m | 15,297,139 |  | Added +225,530 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $116.0m | 12,682,795 |  | Added +195,646 |
| [DEUTSCHE BANK AG\\](/funds/948046.md) | 2026-06-30 | $52.4m | 5,728,312 |  | Added +5,587,771 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $50.9m | 5,566,973 |  | Reduced −81,900 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $48.3m | 5,273,638 |  | Reduced −31,695 |
| [WILSEY ASSET MANAGEMENT INC](/funds/1598379.md) | 2026-06-30 | $44.9m | 4,909,232 |  | Added +16,682 |
| [PRIVATE MANAGEMENT GROUP INC](/funds/1142031.md) | 2026-06-30 | $37.3m | 4,075,439 |  | Reduced −26,450 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $32.3m | 3,527,442 |  | Added +294,914 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $31.0m | 3,383,229 |  | Added +185,856 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $30.7m | 3,350,794 |  | Added +474,144 |

## Recent filings

[All 1,385 filings](/companies/pdm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 16:20 ET | [8-K](/filings/0001042776-26-000072.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001042776-26-000072 |
| 2026-10-26 | 16:19 ET | [10-Q](/filings/0001042776-26-000071.md) | Quarterly report, period 2026-09-30 | 0001042776-26-000071 |
| 2026-09-17 | 16:15 ET | [8-K](/filings/0001193125-26-394364.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001193125-26-394364 |
| 2026-09-15 | 07:00 ET | [8-K](/filings/0001193125-26-391291.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-391291 |
| 2026-09-14 | 08:00 ET | [8-K](/filings/0001193125-26-389860.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-389860 |
| 2026-07-28 | 16:18 ET | [8-K](/filings/0001042776-26-000064.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001042776-26-000064 |
| 2026-07-28 | 16:17 ET | [10-Q](/filings/0001042776-26-000063.md) | Quarterly report, period 2026-06-30 | 0001042776-26-000063 |
| 2026-05-28 | 17:25 ET | [8-K](/filings/0001193125-26-245564.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-245564 |
| 2026-05-12 | 16:15 ET | [8-K](/filings/0001042776-26-000045.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001042776-26-000045 |
| 2026-04-30 | 16:19 ET | [8-K](/filings/0001042776-26-000043.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001042776-26-000043 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001042776-26-000012.md), filed Feb 17, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1042776
- Tickers: PDM
- Exchange: NYSE
- SIC code: 6512 Opeators of  Nonresidential Buildings
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 16:39 ET. No prices; not investment advice.