Fundies.
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Piedmont Office Realty Trust, Inc.

EDGAR
PDM Current report (8-K) · filed 2026-10-26

Annual consolidated revenue for 2025: about USD 565M, using the latest reported figures. The previous period, 2024, was about USD 570.3M.

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Watchlist

Latest quarter

Revenue

151 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating cash flow

24.4 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 116877000 USD Source
  • Operating Cash Flow: 92454000 USD Source
Cash and cash equivalents
3.9 million USD Source
Exact value

3903000 USD

Long-term debt including current maturities
2.34 billion USD Source
Exact value

2340841000 USD

Shares outstanding
124 million shares Source
Exact value

123813969 shares

Reported share-count change

-0.55% · -690 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 124504127 shares · 2025-09-30· Source
  • 123813969 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

582 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 564994000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 422141000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 143294000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 144123000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 151236000 USD · 2026-07-01 – 2026-09-30 Source

Net income

-88.3 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: -83620000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -40374000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -12920000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -11101000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: -21022000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

168 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 140565000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 89628000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 28108000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 92454000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 28108000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 116877000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 92454000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-26.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 4 of 11 periods available· newest 2018-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -0.9%

    Prior period

    USD 570.32 million

    –

    Current period

    USD 564.99 million

    –

    Exact inputs and evidence

    564994000 − 570324000 = -5330000 USD

    570324000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    564994000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −USD 4.55 million

    Prior period

    −USD 79.07 million

    –

    Current period

    −USD 83.62 million

    –

    Exact inputs and evidence

    -83620000 − -79069000 = -4551000 USD

    -79069000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -83620000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -29%

    Prior period

    USD 198.11 million

    –

    Current period

    USD 140.57 million

    –

    Exact inputs and evidence

    140565000 − 198112000 = -57547000 USD

    198112000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    140565000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 564.99 million 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income −USD 83.62 million −15% of revenue

Cash

  • Operating cash flow USD 140.57 million 25% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Net income was higher than operating income, so the split is not drawn.
  • 2017 Net income was higher than operating income, so the split is not drawn.
  • 2018 Net income was higher than operating income, so the split is not drawn.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31555715000 484931000 Derived 70784000 -28948000 Derived 99732000 Unavailable
Source
2017 2017-01-01 – 2017-12-31574173000 492876000 Derived 81297000 -52267000 Derived 133564000 Unavailable
Source
2018 2018-01-01 – 2018-12-31525967000 410302000 Derived 115665000 -14631000 Derived 130296000 Unavailable
Source
2019 2019-01-01 – 2019-12-31533178000 UnavailableUnavailableUnavailable229261000 Unavailable
Source
2020 2020-01-01 – 2020-12-31535024000 UnavailableUnavailableUnavailable232688000 Unavailable
Source
2021 2021-01-01 – 2021-12-31528710000 UnavailableUnavailableUnavailable-1153000 Unavailable
Source
2022 2022-01-01 – 2022-12-31563766000 UnavailableUnavailableUnavailable146830000 Unavailable
Source
2023 2023-01-01 – 2023-12-31577756000 UnavailableUnavailableUnavailable-48387000 Unavailable
Source
2024 2024-01-01 – 2024-12-31570324000 UnavailableUnavailableUnavailable-79069000 Unavailable
Source
2025 2025-01-01 – 2025-12-31564994000 UnavailableUnavailableUnavailable-83620000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 565M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.624.0M468.0M312.0M156.0M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue555715000
2017Revenue574173000
2018Revenue525967000
2019Revenue533178000
2020Revenue535024000
2021Revenue528710000
2022Revenue563766000
2023Revenue577756000
2024Revenue570324000
2025Revenue564994000

Revenue growth

Change in revenue from the same financial period one year earlier.

-0.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7.8%3.5%-0.9%-5.2%-9.6%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-5%
2017Year over year3.3%
2018Year over year-8.4%
2019Year over year1.4%
2020Year over year0.3%
2021Year over year-1.2%
2022Year over year6.6%
2023Year over year2.5%
2024Year over year-1.3%
2025Year over year-0.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 22% 2018
Net margin -14.8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.48%31%14%-3%-19%20162021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin12.7%
2017Operating margin14.2%
2018Operating margin22%
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin17.9%
2017Net margin23.3%
2018Net margin24.8%
2019Net margin43%
2020Net margin43.5%
2021Net margin-0.2%
2022Net margin26%
2023Net margin-8.4%
2024Net margin-13.9%
2025Net margin-14.8%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 140.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.262.2M196.7M131.1M65.6M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow231847000
2017Operating cash flow242805000
2018Operating cash flow202869000
2019Operating cash flow208484000
2020Operating cash flow193284000
2021Operating cash flow242203000
2022Operating cash flow215215000
2023Operating cash flow210131000
2024Operating cash flow198112000
2025Operating cash flow140565000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

62.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.68%51%34%17%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets52%
2017Liabilities / assets50.3%
2018Liabilities / assets52.3%
2019Liabilities / assets48.3%
2020Liabilities / assets49.2%
2021Liabilities / assets54.5%
2022Liabilities / assets54.7%
2023Liabilities / assets57.5%
2024Liabilities / assets61.4%
2025Liabilities / assets62.9%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 99.73 million
Exact value

Exact value: 99732000 USD

2016-01-01 – 2016-12-31: 99732000 USD Inspect Net Income Open source
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USD 231.85 million
Exact value

Exact value: 231847000 USD

2016-01-01 – 2016-12-31: 231847000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 133.56 million
Exact value

Exact value: 133564000 USD

2017-01-01 – 2017-12-31: 133564000 USD Inspect Net Income Open source
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USD 242.81 million
Exact value

Exact value: 242805000 USD

2017-01-01 – 2017-12-31: 242805000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 130.3 million
Exact value

Exact value: 130296000 USD

2018-01-01 – 2018-12-31: 130296000 USD Inspect Net Income Open source
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USD 202.87 million
Exact value

Exact value: 202869000 USD

2018-01-01 – 2018-12-31: 202869000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 229.26 million
Exact value

Exact value: 229261000 USD

2019-01-01 – 2019-12-31: 229261000 USD Inspect Net Income Open source
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USD 208.48 million
Exact value

Exact value: 208484000 USD

2019-01-01 – 2019-12-31: 208484000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 232.69 million
Exact value

Exact value: 232688000 USD

2020-01-01 – 2020-12-31: 232688000 USD Inspect Net Income Open source
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USD 193.28 million
Exact value

Exact value: 193284000 USD

2020-01-01 – 2020-12-31: 193284000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
−USD 1.15 million
Exact value

Exact value: -1153000 USD

2021-01-01 – 2021-12-31: -1153000 USD Inspect Net Income Open source
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USD 242.2 million
Exact value

Exact value: 242203000 USD

2021-01-01 – 2021-12-31: 242203000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 146.83 million
Exact value

Exact value: 146830000 USD

2022-01-01 – 2022-12-31: 146830000 USD Inspect Net Income Open source
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USD 215.22 million
Exact value

Exact value: 215215000 USD

2022-01-01 – 2022-12-31: 215215000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
−USD 48.39 million
Exact value

Exact value: -48387000 USD

2023-01-01 – 2023-12-31: -48387000 USD Inspect Net Income Open source
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USD 210.13 million
Exact value

Exact value: 210131000 USD

2023-01-01 – 2023-12-31: 210131000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 79.07 million
Exact value

Exact value: -79069000 USD

2024-01-01 – 2024-12-31: -79069000 USD Inspect Net Income Open source
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USD 198.11 million
Exact value

Exact value: 198112000 USD

2024-01-01 – 2024-12-31: 198112000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−USD 83.62 million
Exact value

Exact value: -83620000 USD

2025-01-01 – 2025-12-31: -83620000 USD Inspect Net Income Open source
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USD 140.57 million
Exact value

Exact value: 140565000 USD

2025-01-01 – 2025-12-31: 140565000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

235 filings · 5,641 latest values · 5,641 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001042776, 1042776, PDM, edgar:1042776

Also known as Piedmont Office Realty Trust, Inc., Piedmont Realty Trust, Inc., WELLS REAL EASTATE INVESTMENT TRUST INC, WELLS REAL ESTATE INVESTMENT TRUST INC