Piedmont Realty Trust, Inc. (PDM) Form 10-Q — Oct 26, 2026
Piedmont Realty Trust filed its Q3 2026 10-Q showing rental and tenant reimbursement revenue up $11.2 million year-over-year to $144.2 million, with Q3 Same Store NOI up 7.5% on a cash basis. The company widened its quarterly net loss to $21.0 million ($0.17 per share) versus $13.5 million a year ago, driven primarily by a $20.2 million loss on early extinguishment of its $600 Million Unsecured Senior Notes due 2028, partially offset by an $8.9 million gain on the Royal Lane land parcel sale.
Key figures
- Revenue
- 151236000
- Total Debt
- 2340841000
- Revenue Yoy
- Q3 revenue +$12.1M vs Q3 2025; nine-month revenue $438.7M vs $422.1M
- Total Assets
- 4091613000
- Cash Position
- 3903000
- Shares Outstanding
- 123824675
- Acquisition
- 4075 Wilson Boulevard, Arlington VA for $52.0M net purchase price
- Share buyback
- 5,434,782 shares at $9.20 = ~$50M
- Atm proceeds q3
- $40.0M gross (4.1M shares at $9.72 avg)
- Q3 core ffo yoy
- $0.39 vs $0.35 prior year
- Gain on land sale
- 8878000
- Leased percentage
- 87.7% vs 89.6% at Dec 31, 2025
- Q3 core ffo per share
- 0.39
- Exchangeable notes rate
- 2.875%
- Line of credit capacity
- $448M available; $152M drawn
- Q3 nareit ffo per share
- 0.23
- Loss on debt extinguishment
- 20236000
- Exchangeable notes principal
- 230000000
- Q3 same store noi cash growth
- 7.5%
- Nine month same store noi cash growth
- 9.2%
AI analysis
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