Filing Flows › Piedmont Realty Trust (PDM) › Q2 2025
Piedmont Realty Trust (PDM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 28, 2025
Piedmont Realty Trust (PDM) reported revenue of $140M for the second quarter 2025 (Q2 2025), -2% from a year earlier and -2% from the quarter before. Operating margin was 15.2%, net loss $16.8M (12.0% of revenue).
Piedmont Realty Trust, Q2 2025: revenue $140M (-2% year over year), operating margin 15.2%, net loss $16.8M, operating cash flow $50.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $140M | -2% | -2% |
| Operating profit | $21.3M | +2% | — |
| Net earnings | −$16.8M | — | — |
| Operating cash flow | $50.1M | 13× | -25% |
What changed
Revenue was $140.3M in Q2 2025, down 2% year over year and down 2% from the previous quarter.
Operating profit was $21.3M, a 15.2% margin (up 1.6 points year over year). Total costs fell 4% while revenue fell 2%. The quarter ended with a net loss of $16.8M, wider than the previous quarter's $10.1M loss. Net interest and other expense of $38.1M was the main reason.
Operating cash flow was $50.1M (down 25% year over year). Non-cash charges added back $54.6M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $9.9M.
Questions
What was Piedmont Realty Trust's revenue in the second quarter 2025?
Piedmont Realty Trust (PDM) reported revenue of $140M for the second quarter 2025 (Q2 2025), -2% from a year earlier and -2% from the quarter before.
Was Piedmont Realty Trust profitable in the second quarter 2025?
Operating profit was $21.3M (15.2% of revenue) and net loss $16.8M.