Buildings and improvements, less accumulated depreciation of 1,345,832 and 1,278,600 as of june30, 2026 and december31, 2025, respectively
2,779,052
2,786,966
2,787,669
2,780,640
Intangible lease assets, less accumulated amortization of 65,398 and 73,824 as of june30, 2026 and december31, 2025, respectively
37,239
40,555
44,371
48,233
Construction in progress
47,131
48,855
44,567
57,283
Real estate assets held for sale, net
2,837
2,837
-
-
Total real estate assets
3,408,733
3,421,687
3,421,709
3,431,258
Cash and cash equivalents
16,785
2,279
731
2,990
Tenant receivables
11,440
6,907
6,155
5,729
Straight-line rent receivables
219,636
216,416
214,285
211,591
Restricted cash and escrows
4,961
4,056
3,060
5,145
Prepaid expenses and other assets
24,120
20,928
20,857
27,598
Goodwill
53,491
53,491
53,491
53,491
Interest rate swaps
530
-
0
0
Deferred lease costs, less accumulated amortization of 219,933 and 209,155 as of june30, 2026 and december31, 2025, respectively
308,286
308,167
311,066
265,926
Total assets
4,047,982
4,033,931
4,031,354
4,003,728
Unsecured debt, net of unamortized discount and debt issuance costs of 23,287 and 23,368 as of june30, 2026 and december31, 2025, respectively
2,063,971
2,064,452
2,035,890
2,003,588
Secured debt
186,966
187,899
188,822
189,736
Accounts payable, accrued expenses and accrued capital expenditures
185,339
158,041
172,880
135,220
Dividends payable
-
-
0
0
Deferred income
115,496
117,733
112,124
111,174
Intangible lease liabilities, less accumulated amortization of 33,104 and 33,641 as of september30, 2025 and december31, 2024, respectively
-
-
-
26,788
Intangible lease liabilities, less accumulated amortization of 29,934 and 35,036 as of june30, 2026 and december31, 2025, respectively
21,216
22,880
24,824
-
Interest rate swaps
0
0
111
175
Total liabilities
2,572,988
2,551,005
2,534,651
2,466,681
Shares-in-trust, 150,000,000 shares authorized none outstanding as of june30, 2026 or december31, 2025
0
0
0
0
Preferred stock, no par value, 100,000,000 shares authorized none outstanding as of june30, 2026 or december31, 2025
0
0
0
0
Common stock, 0.01 par value, 750,000,000 shares authorized 125,132,825 and 124,519,278 shares issued and outstanding as of june30, 2026 and december31, 2025, respectively
1,251
1,250
1,245
1,245
Additional paid-in capital
3,730,985
3,728,827
3,730,273
3,727,914
Cumulative distributions in excess of earnings
2,251,371
2,240,270
2,227,350
2,184,104
Accumulated other comprehensive loss
-7,368
-8,380
-8,967
-9,517
Piedmont stockholders equity
1,473,497
1,481,427
1,495,201
1,535,538
Noncontrolling interest
1,497
1,499
1,502
1,509
Total stockholders equity
1,474,994
1,482,926
1,496,703
1,537,047
Total liabilities and stockholders equity
4,047,982
4,033,931
4,031,354
4,003,728
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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