Filing Flows › Piedmont Realty Trust (PDM) › Q2 2026
Piedmont Realty Trust (PDM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Piedmont Realty Trust (PDM) reported revenue of $144M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +0.6% from the quarter before. Operating margin was 14.3%, net loss $11.1M (7.7% of revenue).
Piedmont Realty Trust, Q2 2026: revenue $144M (+3% year over year), operating margin 14.3%, net loss $11.1M, operating cash flow $64.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144M | +0.6% | +3% |
| Operating profit | $20.6M | +10% | -3% |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | $64.3M | +129% | +28% |
What changed
Revenue was $144.1M in Q2 2026, up 3% year over year and up 1% from the previous quarter.
Operating profit was $20.6M, a 14.3% margin (down 0.9 points year over year). Operating profit fell $703K even though revenue rose $3.8M versus Q2 2025, so costs grew faster than sales. Total costs grew 4% against revenue growth of 3%. The quarter ended with a net loss of $11.1M, narrower than the previous quarter's $12.9M loss. Net interest and other expense of $31.7M was the main reason.
Operating cash flow was $64.3M (up 28% year over year). Non-cash charges added back $60.1M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $12.9M.
Questions
What was Piedmont Realty Trust's revenue in the second quarter 2026?
Piedmont Realty Trust (PDM) reported revenue of $144M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +0.6% from the quarter before.
Was Piedmont Realty Trust profitable in the second quarter 2026?
Operating profit was $20.6M (14.3% of revenue) and net loss $11.1M.