Piedmont Office Realty Trust, Inc. (PDM) Income Statement
PDM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPDM revenue and net income
Where PDM's revenue goes
2025Each bar shows an amount and its share of revenue. PDM kept −14.8% of revenue as net income.
PDM profit margins
PDM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.9% | +0.1% | +1.1% | −0.3% |
| Gross profit | −134.8% | — | — | — |
| Operating income | +7.0% | −1.9% | −2.2% | +0.3% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PDM quarterly EPS vs estimates
Piedmont Office Realty beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.39).
PDM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $565.0M | $570.3M | $577.8M | $563.8M | $528.7M | $535.0M | $533.2M | $526.0M | $574.2M | $555.7M |
| Cost of revenue | $682.0M | $234.1M | $235.1M | $226.1M | $210.9M | $214.9M | $211.4M | $209.3M | $220.6M | $218.9M |
| Gross profit | −$117.1M | $336.2M | $342.7M | $337.7M | $317.8M | $320.1M | $321.8M | $316.6M | $353.5M | $336.8M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $30.6M | $35.4M | $29.2M | $29.1M | $30.3M | $27.5M | $34.7M | $29.7M | $31.1M | $29.2M |
| Total operating expenses | −$196.5M | $262.0M | $265.4M | $253.7M | $236.9M | $231.3M | $34.7M | $201.0M | $225.8M | $232.1M |
| Operating income | $79.4M | $74.2M | $77.3M | $84.0M | $80.9M | $88.8M | $287.1M | $115.7M | $81.3M | $73.8M |
| Interest income | $127.5M | $123.0M | $101.3M | $65.7M | $51.3M | $55.0M | $61.6M | $61.0M | $64.3M | $64.5M |
| Interest expense | $128.0M | $123.0M | $101.3M | $65.7M | $51.3M | $55.0M | $61.6M | $61.0M | $68.1M | $64.9M |
| Income before taxes | −$83.6M | −$79.1M | −$48.4M | $146.8M | −$1.2M | $232.7M | $229.4M | $54.6M | $17.7M | $9.3M |
| Income taxes | — | −$79.06B | −$39,000 | −$10,000 | −$379,000 | $57.6M | $160,000 | −$42,000 | −$43.3M | −$33.4M |
| Net income | −$83.6M | −$79.1M | −$48.4M | $146.8M | −$1.2M | $232.7M | $229.3M | $130.3M | $133.6M | $107.9M |
| EBITDA | $268.5M | $264.9M | $279.7M | $427.9M | $256.7M | $292.6M | $216.4M | $288.6M | $396.3M | $307.9M |
| EPS (diluted) | −$0.68 | −$0.63 | −$0.40 | $1.19 | −$0.01 | $1.84 | $1.82 | $0.99 | $0.92 | $0.76 |
| Gross margin | −20.7% | 58.9% | 59.3% | 59.9% | 60.1% | 59.8% | 60.4% | 60.2% | 61.6% | 60.6% |
| Operating margin | 14.1% | 13.0% | 13.4% | 14.9% | 15.3% | 16.6% | 53.8% | 22.0% | 14.2% | 13.3% |
| Net margin | −14.8% | −13.9% | −8.4% | 26.0% | −0.2% | 43.5% | 43.0% | 24.8% | 23.3% | 19.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144.1M | $143.3M | $142.9M | $139.2M | $140.3M | $142.7M | $143.2M | $139.3M | $143.3M | $144.5M | $145.3M | $147.0M |
| Cost of revenue | $56.0M | $175.9M | $174.5M | $55.9M | $111.0M | $57.9M | $58.6M | $57.5M | $58.6M | $59.4M | $59.1M | $59.8M |
| Gross profit | $88.1M | −$32.6M | −$31.7M | $83.3M | $29.3M | $84.8M | $84.6M | $81.8M | $84.7M | $85.1M | $86.2M | $87.1M |
| Sales, general & admin | $8.2M | $7.9M | $7.5M | $7.6M | $8.0M | $7.6M | $12.7M | $6.8M | $8.4M | $7.6M | $7.2M | $7.0M |
| Total operating expenses | $67.5M | −$51.4M | −$50.6M | $64.9M | $8.0M | $63.9M | $69.2M | $62.9M | $65.3M | $64.6M | $7.2M | $7.0M |
| Operating income | $20.6M | $18.8M | $18.9M | $18.4M | $21.3M | $20.9M | $15.4M | $18.9M | $19.4M | $20.5M | $79.1M | $80.1M |
| Interest income | — | — | $5.6M | $32.0M | $32.0M | $31.7M | $31.6M | $32.1M | — | — | — | $27.4M |
| Interest expense | $31.9M | $31.3M | $32.4M | $32.0M | $32.0M | $31.7M | $31.6M | $32.1M | $29.6M | $29.7M | $28.4M | $27.4M |
| Income before taxes | −$11.1M | −$12.9M | −$43.2M | −$13.5M | −$16.8M | −$10.1M | −$30.0M | −$11.5M | −$9.8M | −$27.8M | −$28.0M | −$17.0M |
| Income taxes | $56.0M | — | — | — | — | — | −$29.98B | −$56.1M | $2,000 | $31.5M | $39,000 | −$54.9M |
| Net income | −$11.1M | −$12.9M | −$43.2M | −$13.5M | −$16.8M | −$10.1M | −$30.0M | −$11.5M | −$9.8M | −$27.8M | −$28.0M | −$17.0M |
| EBITDA | $80.9M | $78.0M | $47.0M | $75.0M | $70.6M | $78.8M | $58.2M | $76.6M | $76.3M | $58.9M | $67.8M | $56.5M |
| EPS (diluted) | $0.38 | −$0.10 | −$0.35 | −$0.11 | −$0.14 | −$0.08 | −$0.24 | −$0.09 | −$0.08 | −$0.22 | −$0.23 | −$0.14 |
| Gross margin | 61.2% | −22.7% | −22.2% | 59.8% | 20.9% | 59.4% | 59.1% | 58.7% | 59.1% | 58.9% | 59.3% | 59.3% |
| Operating margin | 14.3% | 13.1% | 13.2% | 13.2% | 15.2% | 14.6% | 10.8% | 13.6% | 13.6% | 14.2% | 54.4% | 54.5% |
| Net margin | −7.7% | −9.0% | −30.3% | −9.7% | −12.0% | −7.1% | −20.9% | −8.3% | −6.8% | −19.2% | −19.3% | −11.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PDM's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PDM financial results
In fiscal year 2025 (ended December 31, 2025), Piedmont Office Realty reported revenue of $565.0 million, down 0.9% from the year before. It had a net loss of $83.6 million, a net profit margin of −14.8%. Diluted earnings per share came to −$0.68. Over five years revenue grew at an average rate of 1.1% a year.
See the PDM stock overview for the latest quote and news, or the PDM chart for price history and technical indicators.
PDM income statement FAQ
What is Piedmont Office Realty's annual revenue?
Piedmont Office Realty reported total revenue of $565.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 0.9% from $570.3 million the previous year.
Is Piedmont Office Realty profitable?
No. Piedmont Office Realty reported a net loss of $83.6 million in fiscal 2025, a net profit margin of −14.8%; its operating margin was 14.1%.
What is Piedmont Office Realty's gross margin?
Piedmont Office Realty's gross margin was −20.7% in fiscal 2025: for every $100 of revenue, Piedmont Office Realty kept $-21 after the direct cost of its products and services.
How fast is Piedmont Office Realty growing?
Revenue grew 1.1% a year on average over the last five fiscal years, from $535.0 million to $565.0 million.
What are Piedmont Office Realty's earnings per share?
Piedmont Office Realty earned $-0.68 per diluted share in fiscal 2025, compared with $-0.63 a year earlier.
When will Piedmont Office Realty report its next earnings?
Piedmont Office Realty is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 after the market closes.
When does Piedmont Office Realty's fiscal year end?
Piedmont Office Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.