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Piedmont Office Realty Trust PDM Q2 2026 earnings

Reported July 28, 2026 · After market close

Revenue$144.1MBeat by $10.4M
EPS-$0.09Miss by $0.03
Revenue estimate$133.7M
EPS estimate-$0.06
“Piedmont continues to experience strong demand for our Piedmont PLACES resulting in our ability to push rental rates to record levels across the portfolio. We achieved the highest quarterly average net effective rent in the Company's history at $25.56 and during the quarter, we executed almost 460,000 square feet of leasing with rental rate growth of 14% on a cash basis and over 32% on an accrual basis. Additionally, the customer pipeline remains strong, with over 700,000 square feet of leases either already executed or in the legal stage during July. Furthermore, the continued burn off of free rent helped to generate same store cash NOI growth of 9%, and operational outperformance from leasing set to commence in the second half of the year is contributing to an increase in our 2026 annual earnings outlook.”
Brent Smith

Next report

Oct 26, 2026 (in a month)
Revenue estimate$146.7M
EPS estimate-$0.05

Financials

Q2 2026

Income statement

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Revenue$144.1M+2.7%
Net income-$11.1M+34.0%
EPS (diluted)-$0.09+35.7%

Balance sheet

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Cash & equivalents$16.8M+406%
Total equity$1.5B-4.7%
Total assets$4.0B+1.7%

Cash flow

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Operating cash flow$64.3M+28.4%

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$1.19B+7.9%
P/S2.1×+0.1×

Profitability

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Net margin-14.2%+2.9pp

Returns & leverage

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Return on equity-5.3%+1.8pp

Segments

By segment

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Atlanta$44.5M0.0%
Dallas$27.5M+4.2%
Orlando$18.6M+23.8%
New York$13.9M-5.4%
Minneapolis$11.7M+2.2%

By product

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Other property related income$6.8M+7.9%
Property management fee revenue$108.0K+33.3%

FAQ

When did Piedmont Office Realty Trust report Q2 2026 earnings?
Piedmont Office Realty Trust (PDM) reported Q2 2026 earnings on July 28, 2026 after market close.
What were Piedmont Office Realty Trust's Q2 2026 revenue and EPS?
Piedmont Office Realty Trust reported revenue of $144.1M and eps of $-0.09 for Q2 2026.
Did Piedmont Office Realty Trust beat estimates in Q2 2026?
Revenue beat the consensus estimate of $133.7M by $10.4M. EPS missed the consensus estimate of $-0.06 by $0.03.
How did Piedmont Office Realty Trust's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.7% from $140.3M a year earlier.
Where can I find Piedmont Office Realty Trust's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001042776-26-000064) and the 10-Q periodic report (0001042776-26-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.