The earnings call reflected a strong performance in leasing and rental rate growth, alongside strategic debt management. However, slight declines in FFO and challenges in certain markets tempered the overall positive sentiment. The company's proactive leasing and market positioning signal optimism for future growth.

Company Guidance

During the Piedmont Realty Trust's Second Quarter 2025 Earnings Call, the company provided optimistic guidance reflecting strong leasing activity and future growth prospects. The company reported leasing success totaling 712,000 square feet in Q2, bringing the year-to-date total to over 1 million square feet, with new tenant leases accounting for approximately two-thirds of the quarter's activity. The in-service lease percentage increased by 140 basis points year-over-year to 88.7%, with a year-end target of 89% to 90%. Out-of-service projects in Minneapolis and Orlando are performing well, with leasing percentages approaching 60% based on July activity. The company anticipates a significant portion of the $71 million backlog in annual lease revenue to commence by the end of 2026. Piedmont increased its annual leasing guidance to a range of 2.2 million to 2.4 million square feet, up by more than 800,000 square feet from initial projections. The positive leasing momentum is expected to primarily impact earnings in 2026 and beyond, with core FFO guidance for 2025 remaining in the range of $1.38 to $1.44 per diluted share.

Strong Leasing Success

Piedmont Realty achieved leasing success totaling 712,000 square feet in Q2, bringing total year-to-date leasing to over 1 million square feet. Approximately 2/3 of Q2 activity related to new tenant leases, marking a significant achievement since 2018.

Increased Leasing Guidance

The company increased its annual leasing guidance to a range of 2.2 million to 2.4 million square feet, reflecting an increase of more than 800,000 square feet compared to the original 2025 guidance.

Rental Rate Growth

Rental rates for space vacant less than a year reflected over 7% and almost 14% roll-ups on a cash and accrual basis, respectively. Asking rents for developments have grown by 27% year-over-year.

Successful Debt Management

Piedmont repurchased approximately $68 million of its 9.25% bonds, resulting in total interest savings of $7.5 million over the next 3 years.

Positive Market Trends

JLL Research reported that active space requirements grew 5.8%, reflecting the highest level of demand since 2021, with Piedmont observing positive absorption in four of its operating markets.

Piedmont Office (PDM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PDM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	-0.04 / -	-0.09	―	―	―
Jul 28, 2025	2025 (Q2)	-0.05 / -0.14	-0.08	-75.00% (-0.06)	―
Apr 28, 2025	2025 (Q1)	-0.07 / -0.08	-0.22	63.64% (+0.14)	―
Feb 13, 2025	2024 (Q4)	-0.03 / -0.24	-0.23	-4.35% (>-0.01)	―
Oct 24, 2024	2024 (Q3)	-0.05 / -0.09	-0.14	35.71% (+0.05)	―
Jul 31, 2024	2024 (Q2)	-0.05 / -0.08	-0.02	-300.00% (-0.06)	―
Apr 30, 2024	2024 (Q1)	-0.09 / -0.22	-0.01	-2100.00% (-0.21)	―
Feb 07, 2024	2023 (Q4)	-0.02 / -0.23	0.61	-137.70% (-0.84)	―
Oct 30, 2023	2023 (Q3)	-0.04 / -0.14	0.03	-566.67% (-0.17)	―
Jul 20, 2023	2023 (Q2)	>-0.01 / -0.02	0.06	-133.33% (-0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PDM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	$7.47	$7.80	+4.42%
Apr 28, 2025	$6.80	$5.75	-15.44%
Feb 13, 2025	$7.82	$7.18	-8.18%
Oct 24, 2024	$10.55	$10.02	-5.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Piedmont Office Realty Trust (PDM) report earnings?

Piedmont Office Realty Trust (PDM) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Piedmont Office Realty Trust (PDM) earnings time?

Piedmont Office Realty Trust (PDM) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PDM EPS forecast?

PDM EPS forecast for the fiscal quarter 2025 (Q3) is -0.04.

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