NYSE$PDM

Piedmont Realty Trust Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Piedmont Office Realty Trust reported Q1 2025, revenue of $142.7M, net income of $12M, diluted EPS of $0.09.

For Q1 2025, Piedmont Office Realty Trust reported Revenue was $142.7M, net income was $12M, diluted EPS was $0.09. Management discusses operating trends, liquidity, and sector risks in the quarterly filing.

  • Q1 2025 revenue $142.7M.
  • Net income $12M.
  • Diluted EPS $0.09.

Headline financials

Total Revenue

$143M

Previous: $145M-1.3%
EPS (adj)

$0.09

Previous: -$0.22+140.9%
Same Store NOI (Cash Basis)

-2.0%

Previous: 5.1%-139.2%
Same Store NOI (Accrual Basis)

3.2%

Previous: 2.1%+52.4%
Leased Percentage as of Period End

88.1%

No prior period
Total Leasing Square Footage

363.0K

No prior period
New Tenant Leasing Square Footage

179.0K

No prior period
Number of Lease Transactions

57

No prior period
Cash Rent Roll Up

10.3%

No prior period
Accrual Rent Roll Up

18.6%

No prior period
Capital Expenditures

-$39.6M

Previous: -$46.1M+14.0%
Net Income

-$10.1M

Previous: -$27.8M+63.6%
Operating Income

$20.9M

Previous: -$16.1M+230.1%

Revenue & EPS history

Piedmont · Revenue · Quarterly

$143M

Q1 2025-1.3%vs Q1 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Piedmont · $147M total across 3 segments · Q3 2023

  • Rental and Tenant Reimbursement Revenue
    $142M
  • Other Property Related Income
    $5.06M
  • Property Management Fee Revenue
    $396K

Forward guidance

REIT filers focus on occupancy, leasing spreads, and refinancing rather than GAAP EPS guidance.

Tailwinds

  • Contractual rent escalators when occupancy holds.
  • Balance-sheet extensions and liquidity.
  • Selective disposition or acquisition activity.

Headwinds

  • Interest expense on floating-rate debt.
  • Office or retail fundamentals by submarket.
  • Cap-rate and impairment sensitivity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.7%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-1.0%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+6.3%

Q3 2019

Best reaction

-15.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.4%+1.1%-0.4%
Q4 2025-7.8%-3.3%-21.8%
Q3 2025+0.6%-5.5%+2.8%
Q1 2025-15.4%-2.4%+6.6%
Q4 2024-8.2%-6.9%-10.3%
Q3 2024-3.5%-5.7%-12.6%
Q2 2024-0.3%-7.2%+11.8%
Q1 2024-2.9%-0.4%+3.6%
Q4 2023+3.1%+7.3%-0.9%
Q3 2023+2.8%+20.3%+23.1%
Q2 2023-7.8%-10.4%-18.5%
Q1 2023-1.8%+1.8%-4.3%
Q4 2022-2.8%+0.9%-20.7%
Q3 2022-4.2%-2.2%-4.0%
Q2 2022+1.7%+2.0%-9.4%
Q1 2022-0.4%-5.1%-11.9%
Q4 2021-4.8%-4.3%-4.1%
Q3 2021-1.3%-0.5%-2.8%
Q2 2021+1.7%-1.5%-4.9%
Q1 2021+1.8%+2.1%+0.9%
Q4 2020+3.6%+3.8%+11.2%
Q3 2020-1.6%+5.9%+40.4%
Q2 2020+1.5%-0.7%-2.2%
Q1 2020+1.1%-5.4%-2.8%
Q4 2019+2.7%+1.6%-2.4%
Q3 2019+6.3%+5.2%+4.7%
Q2 2019-1.3%-5.7%-4.6%
Q1 2019-0.3%+1.5%-2.4%
Q4 2018+0.9%+4.6%+2.7%
Q3 2018-1.1%-1.9%-0.2%
Q2 2018+0.2%+1.5%+0.3%
Q1 2018+4.5%+4.0%+7.3%
Q4 2017-4.9%-2.0%-2.4%
Q3 2017+2.8%+2.8%+3.6%
Q2 2017-1.0%-2.3%-3.8%
Q1 2017-4.1%-1.8%-3.4%
Q4 2016+1.1%+2.0%-1.5%
Q3 2016-4.2%-6.5%-4.8%
Q2 2016-1.5%-1.7%+0.2%
Q1 2016+1.3%
Q4 2015-0.5%
Q3 2015-0.8%
Q2 2015+0.0%
Q1 2015-2.9%
Q4 2014-3.7%
Q3 2014+0.4%
Q2 2014-0.9%
Q1 2014+3.1%
Q4 2013+1.1%
Q3 2013-1.6%
Q2 2013-1.9%
Q1 2013+0.9%
Q4 2012-1.1%
Q3 2012+3.5%
Q2 2012+0.9%
Q1 2012+0.3%
Q4 2011-1.5%
Q4 2009-1.5%
Q3 2011-1.2%
Q3 2010-1.2%
Q2 2011+2.5%
Q2 2010+2.5%
Q1 2010-1.1%
Q4 2010-1.1%
Q1 2011-1.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro