Logotype for Piedmont Office Realty Trust Inc

Piedmont Office Realty Trust (PDM) investor relations material

Piedmont Office Realty Trust Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Piedmont Office Realty Trust Inc
Q3 2025 earnings summary28 Oct, 2025

Executive summary

  • Achieved record leasing activity in Q3 2025, with 724,000 square feet leased and portfolio leased percentage rising to 89.2%, supported by robust demand and a strong pipeline.

  • Net loss for Q3 2025 was $13.5 million ($0.11 per diluted share), up from $11.5 million in Q3 2024, mainly due to higher depreciation and interest expenses.

  • Core FFO per diluted share was $0.35 for Q3 2025, down $0.01 year-over-year, attributed to asset sales and higher net interest expense.

  • Portfolio repositioning and a hospitality-driven service model have enabled significant rental rate increases and high tenant demand.

  • Achieved a five-star GRESB rating and Green Star recognition, placing in the top decile of listed U.S. companies.

Financial highlights

  • Q3 2025 total revenues were $139.2 million, nearly flat year-over-year.

  • Net loss for Q3 2025 was $13.5 million, with a nine-month net loss improved to $40.4 million from $49.1 million in the prior year.

  • NAREIT FFO for Q3 2025 was $43.5 million ($0.35/share), down from $44.6 million ($0.36/share) in Q3 2024.

  • Same Store NOI increased 2.8% (cash) and 3.2% (accrual) year-over-year for Q3 2025.

  • Net effective rents increased 2.5% sequentially to $21.26 per square foot.

Outlook and guidance

  • 2025 annual core FFO guidance narrowed to $1.40–$1.42 per diluted share.

  • Management projects year-end leased percentage of 89–90%, with 2.2–2.4 million square feet of executed leasing.

  • Over $75 million in future annual cash rent from leases yet to commence or in abatement, with about 70% expected to be realized in 2026.

  • Confident in delivering mid-single-digit FFO growth in 2026 and 2027, driven by organic leasing and future rent commencements.

  • No speculative acquisitions, dispositions, or refinancing included in guidance.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Piedmont Office Realty Trust earnings date

Logotype for Piedmont Office Realty Trust Inc
Q4 20259 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Piedmont Office Realty Trust earnings date

Logotype for Piedmont Office Realty Trust Inc
Q4 20259 Feb, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Piedmont Office Realty Trust Inc is a real estate investment trust that owns, manages, and develops Class A office properties. The company’s portfolio is concentrated in major U.S. markets including Atlanta, Dallas, and Washington D.C. It is headquartered in Atlanta, Georgia, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage