PDM Piedmont Realty Trust, Inc.

Overview and Growth

In fiscal 2025, Piedmont Realty Trust, Inc. recorded $564.99M of revenue, net loss of $83.62M, and an operating cash inflow of $140.56M. The $564.99M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $570.32M in fiscal 2024, revenue decreased 0.9%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was -$0.67, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 124.44M, linking total earnings with the per-share result received by shareholders. The diluted share count was 0.4% higher than fiscal 2024, when diluted shares averaged 123.94M, adding context to the EPS comparison. Total assets stood at $4.03B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.14x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The bottom-line result was a net loss of $83.62M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 14.8% after all recognized items. An income-tax benefit of $1.00K improved the final result relative to pretax income or loss. The net loss equaled 5.6% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 2.1%. The bottom-line deficit increased from $79.07M in fiscal 2024 to $83.62M.

Liquidity and Capital Structure

The company held $4.03B of assets against $2.53B of liabilities and $1.50B of equity, revealing how the asset base was financed. Reported cash and equivalents were $731.00K, separating immediately recognizable cash resources from the rest of the current-asset base. The company carried $2.22B of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 1.49x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 55.2%, showing how much of the asset base was matched by borrowing. Equity equaled 37.1% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 62.9% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 0.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 2.0% lower than fiscal 2024 assets of $4.11B, measuring the company’s own balance-sheet change. Against $1.59B of equity in fiscal 2024, the current book-equity balance moved 5.8% and ended lower. Compared with $109.64M in fiscal 2024, the current cash balance moved 99.3% and finished lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $140.56M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow of $140.56M finished below fiscal 2024 operating cash flow of $198.11M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.