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Piedmont Office Realty Trust PDM Construction in progress

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Other financials

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 debt$15.0K-85.0%
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

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Market cap$1.19B+26.7%
P/S2.1×+0.4×

Profitability

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Operating margin22%
Net margin-14.2%+2.9pp
FCF margin-34.4%

Returns & leverage

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Return on equity-5.3%+1.8pp

Where this comes from

Reported directly by Piedmont Office Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:ConstructionInProgressGross.

The source filing: Piedmont Office Realty Trust’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001042776-26-000063
Line item(Unaudited) / June 30,2026December 31,2025
Land$542,474$542,474
Buildings and improvements, less accumulated depreciation of $1,345,832 and $1,278,600 as of June 30, 2026 and December 31, 2025, respectively2,779,0522,787,669
Intangible lease assets, less accumulated amortization of $65,398 and $73,824 as of June 30, 2026 and December 31, 2025, respectively37,23944,371
Construction in progress47,13144,358
Real estate assets held for sale, net2,8372,837
Total real estate assets3,408,7333,421,709
Cash and cash equivalents16,785731
Tenant receivables11,4406,155

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS.

FAQ

What is Piedmont Office Realty Trust's construction in progress?
Piedmont Office Realty Trust (PDM) reported construction in progress of $47.13M in Q2 2026.
How has Piedmont Office Realty Trust's construction in progress changed year-over-year?
Piedmont Office Realty Trust's construction in progress decreased by 56.4% year-over-year, from $108.21M to $47.13M.
What is the long-term trend for Piedmont Office Realty Trust's construction in progress?
Over 5 years (2020 to 2025), Piedmont Office Realty Trust's construction in progress has grown at a -4.7% compound annual growth rate (CAGR), from $56.75M to $44.57M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

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