Filing Flows › Piedmont Realty Trust (PDM) › Q1 2025
Piedmont Realty Trust (PDM) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 28, 2025
Piedmont Realty Trust (PDM) reported revenue of $143M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -0.4% from the quarter before. Operating margin was 14.6%, net loss $10.1M (7.1% of revenue).
Piedmont Realty Trust, Q1 2025: revenue $143M (-1% year over year), operating margin 14.6%, net loss $10.1M, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | -0.4% | -1% |
| Operating profit | $20.9M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | $3.7M | -94% | -84% |
What changed
Revenue was $142.7M in Q1 2025, down 1% year over year and roughly flat from the previous quarter.
Operating profit was $20.9M, a 14.6% margin (up 13.2 points year over year). Total costs fell 15% while revenue fell 1%. The quarter ended with a net loss of $10.1M, narrower than the previous quarter's $30.0M loss. Net interest and other expense of $31.0M was the main reason.
Operating cash flow was $3.7M (down 84% year over year). Non-cash charges added back $55.3M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $43.7M.
Questions
What was Piedmont Realty Trust's revenue in the first quarter 2025?
Piedmont Realty Trust (PDM) reported revenue of $143M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -0.4% from the quarter before.
Was Piedmont Realty Trust profitable in the first quarter 2025?
Operating profit was $20.9M (14.6% of revenue) and net loss $10.1M.