Filing Flows › Piedmont Realty Trust (PDM) › Q3 2026
Piedmont Realty Trust (PDM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 26, 2026
Piedmont Realty Trust (PDM) reported revenue of $151M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +5% from the quarter before. Operating margin was 14.5%, net loss $21.0M (13.9% of revenue).
Piedmont Realty Trust, Q3 2026: revenue $151M (+9% year over year), operating margin 14.5%, net loss $21.0M, operating cash flow $24.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +5% | +9% |
| Operating profit | $22.0M | +7% | +20% |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | $24.4M | -62% | -32% |
What changed
Revenue was $151.2M in Q3 2026, up 9% year over year and up 5% from the previous quarter.
Operating profit was $22.0M, a 14.5% margin (up 1.3 points year over year). Of the extra revenue versus Q3 2025, 30% reached operating profit, above the 13% margin then. Total costs grew 7% against revenue growth of 9%. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $21.0M, wider than the previous quarter's $11.1M loss. Net interest and other expense of $43.0M was the main reason.
Operating cash flow was $24.4M (down 32% year over year). Non-cash charges added back $61.1M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $18.1M.
Questions
What was Piedmont Realty Trust's revenue in the third quarter 2026?
Piedmont Realty Trust (PDM) reported revenue of $151M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +5% from the quarter before.
Was Piedmont Realty Trust profitable in the third quarter 2026?
Operating profit was $22.0M (14.5% of revenue) and net loss $21.0M.