The earnings call highlighted significant leasing success and positive market trends, with increased leasing guidance and successful debt repurchase efforts. However, challenges such as higher interest expenses impacting earnings per share and market lag in Boston and Washington D.C. were noted. Overall, the positive leasing activity and market conditions outweigh the negative aspects.

Company Guidance -

Q3 2025

During the Piedmont Realty Trust, Inc. Second Quarter 2025 Earnings Call, the company provided optimistic guidance based on significant leasing achievements and macro trends favoring high-quality office spaces. The company reported a total of 712,000 square feet of leasing activity in the second quarter, contributing to over 1 million square feet year-to-date, with about two-thirds of Q2 deals involving new tenant leases. The company's in-service lease percentage increased by 140 basis points year-over-year to 88.7%, and they are on track to achieve a year-end goal of 89% to 90% leased. The out-of-service portfolio is performing well, with lease percentages expected to reach 80% by year-end. Piedmont also raised its annual leasing guidance to a range of 2.2 million to 2.4 million square feet, an increase of more than 800,000 square feet compared to initial 2025 guidance. Despite these advancements, the company maintained its core FFO guidance for 2025 at $1.38 to $1.44 per diluted share, noting that most leasing benefits will materialize in 2026 and beyond. The company also highlighted its strategic focus on the Sunbelt and plans to continue pruning non-core assets to enhance its portfolio.

Strong Leasing Success

Piedmont Realty Trust achieved significant leasing success in Q2 2025 with 712,000 square feet leased, bringing the total year-to-date leasing to over 1 million square feet. Importantly, approximately two-thirds of Q2 activity related to new tenant leases, marking the most new tenant leasing executed in a single quarter since 2018.

Increase in Rental Rates

Rental rates for spaces vacant for less than a year increased by just over 7% on a cash basis and almost 14% on an accrual basis. Asking rents for developments grew by 27% year-over-year, reaching $92 per square foot, the highest on record.

Positive Market Trends

Positive absorption was observed in four of Piedmont's operating markets, contrasting with national trends of flat volume and modest negative absorption.

Increased Leasing Guidance

The company increased its annual leasing guidance for the second time this year 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.

Successful Debt Repurchase

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

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)	- / -	-0.09	―	―	―
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 (PDM) report earnings?

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

What is Piedmont Office (PDM) earnings time?

Piedmont Office (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?

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