Filing Flows › Piedmont Realty Trust (PDM) › Q3 2025
Piedmont Realty Trust (PDM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 27, 2025
Piedmont Realty Trust (PDM) reported revenue of $139M for the third quarter 2025 (Q3 2025), -0.1% from a year earlier and -0.8% from the quarter before. Operating margin was 13.2%, net loss $13.5M (9.7% of revenue).
Piedmont Realty Trust, Q3 2025: revenue $139M (-0.1% year over year), operating margin 13.2%, net loss $13.5M, operating cash flow $35.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | -0.8% | -0.1% |
| Operating profit | $18.4M | -14% | — |
| Net earnings | −$13.5M | — | — |
| Operating cash flow | $35.8M | -29% | -16% |
What changed
Revenue was $139.2M in Q3 2025, roughly flat year over year and down 1% from the previous quarter.
Operating profit was $18.4M, a 13.2% margin (down 0.4 points year over year). Total costs grew 0% against flat revenue. The fastest-growing cost line was General & admin (+12%). The quarter ended with a net loss of $13.5M, narrower than the previous quarter's $16.8M loss. Net interest and other expense of $31.8M was the main reason.
Operating cash flow was $35.8M (down 16% year over year). Non-cash charges added back $56.4M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $9.8M.
Questions
What was Piedmont Realty Trust's revenue in the third quarter 2025?
Piedmont Realty Trust (PDM) reported revenue of $139M for the third quarter 2025 (Q3 2025), -0.1% from a year earlier and -0.8% from the quarter before.
Was Piedmont Realty Trust profitable in the third quarter 2025?
Operating profit was $18.4M (13.2% of revenue) and net loss $13.5M.