PDM on NYSE

Piedmont Realty Trust, Inc.

American Opeators of Nonresidential Buildings company, incorporated in Maryland. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerPDM on NYSE1
  • IndustryOpeators of Nonresidential Buildings1
  • HeadquartersAtlanta, Georgia1
  • Incorporated inMD2
  • Business address5565 Glenridge Connector, Ste 450, Atlanta, Ga 303422
  • Filer categoryLarge accelerated filer2

Piedmont Realty Trust, Inc. (“Piedmont," "we," "our," or "us") (NYSE: PDM) is a Maryland corporation that operates in a manner so as to qualify as a real estate investment trust (“REIT”) for federal income tax purposes and engages in the ownership, management, development, redevelopment, and operation of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Piedmont was incorporated in 1997 and commenced operations in 1998. Piedmont conducts business through its wholly-owned subsidiary, Piedmont Operating Partnership, L.P. (“Piedmont OP”), a Delaware limited partnership. Piedmont OP owns properties directly, through wholly-owned subsidiaries, and through various joint ventures which it controls. References to Piedmont herein shall include Piedmont and all of its subsidiaries, including Piedmont OP and its subsidiaries and joint ventures.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-14.8%Net margin4
-0.9%Revenue growth, 20254
-5.6%Return on equity4
1.49×Debt to equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Real Estate, Other brought in 99% of the revenue Piedmont Realty Trust, Inc. broke down this way in fiscal 2025.

  1. Real Estate, Other$26.7M499%up 9% from 2024
  2. Management Service$348.0K41%down 80% from 2024
Products and services by year
Products and services202320242025
Real Estate, Other$20.7M$24.5M$26.7M
Management Service$1.7M$1.7M$348.0K

Business segments

Atlanta, GA brought in 33% of the revenue Piedmont Realty Trust, Inc. broke down this way in fiscal 2025.

  1. Atlanta, GA$180.0M433%up 5% from 2024
  2. Dallas, TX$102.3M419%down 6% from 2024
  3. Orlando, FL$65.8M412%up 11% from 2024
  4. New York, NY$58.5M411%up 5% from 2024
  5. Northern Virginia/Washington D.C.$51.7M49%down 12% from 2024
  6. Minneapolis, MN$45.2M48%down 7% from 2024
  7. Boston, MA$41.4M48%down 9% from 2024
Business segments by year
Business segments202320242025
Atlanta, GA$161.3M$172.1M$180.0M
Dallas, TX$111.6M$108.3M$102.3M
Orlando, FL$61.7M$59.5M$65.8M
New York, NY$54.0M$55.9M$58.5M
Northern Virginia/Washington D.C.$60.3M$58.8M$51.7M
Minneapolis, MN$63.7M$48.6M$45.2M
Boston, MA$42.8M$45.8M$41.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$565.0M
  • Income tax0¢$1.0K

Out of $565.0M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid22¢$30.9M
  • Kept or used elsewhere78¢$109.7M

Out of $140.6M of cash from operations.4

Financial statements

Revenue56784$565.0M in 2025+6% since 2019
0$200.0M$400.0M$600.0M2019: $533.2M$533.2M20192020: $535.0M$535.0M2020+0%2021: $528.7M$528.7M2021−1%2022: $563.8M$563.8M2022+7%2023: $577.8M$577.8M2023+2%2024: $570.3M$570.3M2024−1%2025: $565.0M$565.0M2025−1%
Net income56784-$83.6M in 2025
-$100.0M0$100.0M$200.0M$300.0M2019: $229.3M$229.3M20192020: $232.7M$232.7M2020+1%2021: -$1.2M-$1.2M20212022: $146.8M$146.8M20222023: -$48.4M-$48.4M20232024: -$79.1M-$79.1M2024+63%2025: -$83.6M-$83.6M2025+6%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Rental and tenant reimbursement revenue$538.0M$544.1M$555.3M
Total revenues$565.0M$570.3M$577.8M
Property operating costs$227.9M$234.1M$235.1M
Depreciation$166.5M$156.8M$148.5M
Amortization$60.6M$69.7M$87.8M
Impairment charges$0$33.8M$29.4M
General and administrative$30.6M$35.4M$29.2M
Total expenses$485.5M$529.9M$529.9M
Interest expense-$128.0M-$123.0M-$101.3M
Other income$734.0K$4.3M$3.9M
Loss on early extinguishment of debt-$37.8M-$386.0K-$820.0K
Gain/(loss) on sale of real estate assets$2.0M-$445.0K$1.9M
Total other income (expense)-$163.0M-$119.5M-$96.2M
Net loss-$83.6M-$79.1M-$48.4M
Net income applicable to noncontrolling interest-$19.0K-$5.0K-$10.0K
Net loss applicable to Piedmont-$83.6M-$79.1M-$48.4M
Net loss applicable to common stockholders - basic (in dollars per share)-$0.67-$0.64-$0.39
Net loss applicable to common stockholders - diluted (in dollars per share)-$0.67-$0.64-$0.39
Weighted-average shares outstanding - basic (in shares)124.4M shares123.9M shares123.7M shares
Weighted-average shares outstanding - diluted (in shares)124.4M shares123.9M shares123.7M shares

Compare Piedmont Realty Trust, Inc. with another company

Leadership

Who has led Piedmont Realty Trust, Inc., and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Alex Valente2026–now
2010201520202025
Board members and other officers (31)

Former names

  • Piedmont Office Realty Trust, Inc.Oct 18, 2005 to Jun 2, 20252
  • WELLS REAL ESTATE INVESTMENT TRUST INCJul 9, 1998 to Aug 7, 20072
  • WELLS REAL EASTATE INVESTMENT TRUST INCNov 7, 1997 to Jan 23, 19982

Filings

348 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 225 insider forms, 13 large holders, 37 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Sep 17, 20268-K EDGAR
  3. Sep 15, 20268-K EDGAR
  4. Sep 14, 20268-K EDGAR
  5. Jul 28, 20268-K FORM 8-K 7.28.26 EDGAR
  6. Jul 28, 202610-Q FORM 10-Q 6-30-26 EDGAR
  7. May 28, 20268-K EDGAR
  8. May 13, 20264 EDGAR
  9. May 13, 20264 EDGAR
  10. May 13, 20264 EDGAR
  11. May 13, 20264 EDGAR
  12. May 13, 20264 EDGAR
  13. May 13, 20264 EDGAR
  14. May 13, 20264 EDGAR
  15. May 13, 20264 EDGAR
  16. May 12, 2026S-8 EDGAR
  17. May 12, 20268-K FORM 8-K 5.12.26 EDGAR
  18. Apr 30, 2026SCHEDULE 13G EDGAR
  19. Apr 30, 20268-K FORM 8-K 4.30.26 EDGAR
  20. Apr 30, 202610-Q FORM 10-Q 3.31.26 EDGAR

The 348 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 18 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 2, 2025Smith Christopher BrentPresident & Chief Exec. OffBuy16,615$6.59$109.5KForm 4
May 1, 2025Taysom Dale H.DirectorBuy3,000$6.00$18.0KForm 4
May 1, 2025REXROAD SHERRY LEVP-CFOBuy16,850$5.95$100.3KForm 4
Mar 20, 2023BARRETT KELLY HEFNERDirectorBuy10,000$7.05$70.5KForm 4
Mar 20, 2023Taysom Dale H.DirectorBuy2,000$6.99$14.0KForm 4
Mar 20, 2023Swope Jeffrey L.DirectorBuy70,000$7.16$501.2KForm 4
Mar 20, 2023Lang Barbara BDirectorBuy348$7.15$2.5KForm 4
Mar 17, 2023Guilbert Edward H IIIEVP - FinanceBuy2,850$7.00$19.9KForm 4
Mar 17, 2023Bowers Robert EEVP-CFOBuy2,000$6.99$14.0KForm 4
Mar 15, 2023Smith Christopher BrentPresident & Chief Exec. OffBuy7,000$7.67$53.7KForm 4
Sep 30, 2022Lang Barbara BDirectorBuy325$10.24$3.3KForm 4
Aug 31, 2022Swope Jeffrey L.DirectorBuy42,000$11.90$499.8KForm 4
Aug 31, 2022MCDOWELL FRANK CDirectorBuy5,000$11.82$59.1KForm 4
Aug 4, 2022COHEN GLENN GARYDirectorBuy3,000$13.01$39.0KForm 4
May 9, 2022Taysom Dale H.DirectorBuy1,000$15.23$15.2KForm 4
May 3, 2022Moon Laura PEVP- CAOSale7,627$16.09$122.7KForm 4
May 3, 2022COHEN GLENN GARYDirectorBuy5,000$16.15$80.8KForm 4
Mar 1, 2022Taysom Dale H.DirectorBuy500$16.89$8.4KForm 4
Feb 24, 2022COHEN GLENN GARYDirectorBuy5,000$15.82$79.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.15,297,139$140.0M0.0%+225,530
Vanguard Portfolio Management LLC12,682,795$116.0M0.0%+195,646
Deutsche Bank Ag\5,728,312$52.4M0.0%+5,587,771
Vanguard Capital Management LLC5,566,973$50.9M0.0%−81,900
State Street Corp5,273,638$48.3M0.0%−31,695
Wilsey Asset Management Inc4,909,232$44.9M6.6%+16,682
Private Management Group Inc4,075,439$37.3M1.0%−26,450
Geode Capital Management, LLC3,527,442$32.3M0.0%+294,914
Charles Schwab Investment Management Inc3,383,229$31.0M0.0%+185,856
Wellington Management Group Llp3,350,794$30.7M0.0%+474,144
Two Sigma Investments, LP1,981,922$18.1M0.0%+443,101
Donald Smith & Co., Inc.1,944,080$17.8M0.3%New
Systematic Financial Management LP1,854,766$17.0M0.3%+187,930
Ameriprise Financial Inc1,705,645$15.6M0.0%−565,468
Universal- Beteiligungs- und Servicegesellschaft mbH1,682,483$15.4M0.0%+245,045
Northern Trust Corp1,576,805$14.4M0.0%+94,605
Centersquare Investment Management LLC1,537,347$14.1M0.1%−1,942,126
Dimensional Fund Advisors LP1,298,196$11.9M0.0%−256,204
Jpmorgan Chase & Co1,275,689$11.9M0.0%−113,774
Glenmede Trust Co Na1,240,317$11.3M0.1%−51,400
Punch & Associates Investment Management, Inc.1,153,153$10.6M0.5%+603,140
Goldman Sachs Group Inc1,074,832$9.8M0.0%−227,178
Arrowstreet Capital, Limited Partnership1,036,345$9.5M0.0%+642,813
Russell Investments Group, Ltd.1,005,680$9.2M0.0%+932,960
Morgan Stanley980,523$9.0M0.0%−57,655

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 27, 2022Robert J. WittmanRepublican, HousePartial sale$1,001 - $15,000+123.8%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+218.2%Report
Apr 16, 2019Donna Shalala, HouseBuy$1,001 - $15,000−221.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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