| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Land | 545,102 | 545,101 | ||
| Buildings and improvements, less accumulated depreciation of 1,238,031 and 1,150,892 as of september30, 2025 and december31, 2024, respectively | 2,780,640 | 2,711,670 | ||
| Intangible lease assets, less accumulated amortization of 71,501 and 75,982 as of september30, 2025 and december31, 2024, respectively | 48,233 | 52,252 | ||
| Construction in progress | 57,283 | 108,208 | ||
| Total real estate assets | 3,431,258 | 3,417,231 | ||
| Cash and cash equivalents | 2,990 | 3,314 | ||
| Tenant receivables | 5,729 | 4,386 | ||
| Straight-line rent receivables | 211,591 | 207,025 | ||
| Restricted cash and escrows | 5,145 | 4,501 | ||
| Prepaid expenses and other assets | 27,598 | 29,802 | ||
| Goodwill gross, ending balance | 98,918 | - | ||
| Accumulated impairment charges | 45,427 | - | ||
| Goodwill | 53,491 | 53,491 | ||
| Interest rate swaps | 0 | 72 | ||
| Deferred lease costs, less accumulated amortization of 207,671 and 204,150 as of september30, 2025 and december31, 2024, respectively | 265,926 | 260,441 | ||
| Total assets | 4,003,728 | 3,980,263 | ||
| Unsecured debt, net of unamortized discount and debt issuance costs of 19,872 and 20,077 as of september30, 2025 and december31, 2024, respectively | 2,003,588 | 1,987,111 | ||
| Secured debt | 189,736 | 190,641 | ||
| Accounts payable, accrued expenses and accrued capital expenditures | 135,220 | 131,104 | ||
| Dividends payable | 0 | 0 | ||
| Deferred income | 111,174 | 94,529 | ||
| Intangible lease liabilities, less accumulated amortization of 33,104 and 33,641 as of september30, 2025 and december31, 2024, respectively | 26,788 | 28,752 | ||
| Interest rate swaps | 175 | 116 | ||
| Total liabilities | 2,466,681 | 2,432,253 | ||
| Shares-in-trust, 150,000,000 shares authorized none outstanding as of september30, 2025 or december31, 2024 | 0 | 0 | ||
| Preferred stock, no par value, 100,000,000 shares authorized none outstanding as of september30, 2025 or december31, 2024 | 0 | 0 | ||
| Common stock, 0.01 par value, 750,000,000 shares authorized 124,504,127 and 124,083,038 shares issued and outstanding as of september30, 2025 and december31, 2024, respectively | 1,245 | 1,245 | ||
| Additional paid-in capital | 3,727,914 | 3,725,769 | ||
| Cumulative distributions in excess of earnings | 2,184,104 | 2,170,642 | ||
| Accumulated other comprehensive loss | -9,517 | -9,873 | ||
| Piedmont stockholders equity | 1,535,538 | 1,546,499 | ||
| Noncontrolling interest | 1,509 | 1,511 | ||
| Total stockholders equity | 1,537,047 | 1,548,010 | ||
| Total liabilities and stockholders equity | 4,003,728 | 3,980,263 | ||
Piedmont Realty Trust, Inc. (PDM)
Piedmont Realty Trust, Inc. (PDM)