Filing Flows › Piedmont Realty Trust (PDM) › Q1 2026
Piedmont Realty Trust (PDM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Piedmont Realty Trust (PDM) reported revenue of $143M for the first quarter 2026 (Q1 2026), +0.4% from a year earlier and +0.3% from the quarter before. Operating margin was 13.1%, net loss $12.9M (9.0% of revenue).
Piedmont Realty Trust, Q1 2026: revenue $143M (+0.4% year over year), operating margin 13.1%, net loss $12.9M, operating cash flow $28.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | +0.3% | +0.4% |
| Operating profit | $18.8M | -0.6% | -10% |
| Net earnings | −$12.9M | — | — |
| Operating cash flow | $28.1M | -45% | +657% |
What changed
Revenue was $143.3M in Q1 2026, roughly flat year over year and roughly flat from the previous quarter.
Operating profit was $18.8M, a 13.1% margin (down 1.5 points year over year). Operating profit fell $2.1M even though revenue rose $608K versus Q1 2025, so costs grew faster than sales. Total costs grew 2% against flat revenue. The quarter ended with a net loss of $12.9M, narrower than the previous quarter's $43.2M loss. Net interest and other expense of $31.7M was the main reason.
Operating cash flow was $28.1M (up 657% year over year). Non-cash charges added back $59.6M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $20.8M.
Questions
What was Piedmont Realty Trust's revenue in the first quarter 2026?
Piedmont Realty Trust (PDM) reported revenue of $143M for the first quarter 2026 (Q1 2026), +0.4% from a year earlier and +0.3% from the quarter before.
Was Piedmont Realty Trust profitable in the first quarter 2026?
Operating profit was $18.8M (13.1% of revenue) and net loss $12.9M.