Piedmont Realty Trust (PDM) Construction in Progress (2010 - 2026)
Piedmont Realty Trust's (PDM) quarterly Construction in Progress came in at $47.1 million in Q2 2026, down 56.44% YoY from $108.2 million in Q2 2025, and down 3.53% on a QoQ basis from $48.9 million in Q1 2026.
Piedmont Realty Trust (PDM) Construction in Progress (2010 - 2026) Analysis & Trends
Piedmont Realty Trust (PDM) has 17 years of Construction in Progress data on file, last reported at $47.1 million in Q2 2026.
- Quarterly Construction in Progress fell 56.44% year-over-year to $47.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $47.1 million (down 56.44% YoY) and the FY2025 annual result came in at $44.4 million, down 57.39% from the prior year.
- Construction in Progress retreated to $47.1 million in Q2 2026, from $48.9 million in the prior quarter.
- In the past five years, Construction in Progress ranged from a high of $144.0 million in Q3 2024 to a low of $41.5 million in Q2 2022.
- A 5-year average of $73.5 million and a median of $58.2 million in 2023 frame the typical range for Construction in Progress.
- Annual changes were most pronounced in 2024 — Construction in Progress surged 100.17% — and 2025, when it sank 60.21%.
- Tracing PDM's Construction in Progress over 5 years: stood at $52.0 million in 2022, then surged by 63.89% to $85.2 million in 2023, then climbed by 22.13% to $104.1 million in 2024, then slumped by 57.39% to $44.4 million in 2025, then advanced by 6.25% to $47.1 million in 2026.
- The last three Construction in Progress figures came in at $47.1 million (Q2 2026), $48.9 million (Q1 2026), and $44.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | - |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | - |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 1.60 Bn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 292.14 Mn |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | - |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | - |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | - |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 8.19 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 47.13 Mn |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn | 77.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.13 Mn |
| Mar 31, 2026 | 48.86 Mn |
| Dec 31, 2025 | 44.36 Mn |
| Sep 30, 2025 | 57.28 Mn |
| Jun 30, 2025 | 108.21 Mn |
| Mar 31, 2025 | 107.42 Mn |
| Dec 31, 2024 | 104.10 Mn |
| Sep 30, 2024 | 143.97 Mn |
| Jun 30, 2024 | 115.21 Mn |
| Mar 31, 2024 | 92.09 Mn |
| Dec 31, 2023 | 85.24 Mn |
| Sep 30, 2023 | 74.58 Mn |
| Jun 30, 2023 | 59.12 Mn |
| Mar 31, 2023 | 46.01 Mn |
| Dec 31, 2022 | 52.01 Mn |
| Sep 30, 2022 | 44.98 Mn |
| Jun 30, 2022 | 41.54 Mn |
| Mar 31, 2022 | 50.72 Mn |
| Dec 31, 2021 | 43.41 Mn |
| Sep 30, 2021 | 48.23 Mn |