Piedmont Realty Trust (PDM) Construction in Progress (2010 - 2026)
Piedmont Realty Trust (PDM) reported Construction in Progress of $48.9 million for Q1 2026, down 54.52% on a YoY basis from $107.4 million in Q1 2025, and up 10.14% quarter-over-quarter from $44.4 million in Q4 2025.
Piedmont Realty Trust (PDM) Construction in Progress (2010 - 2026) Analysis & Trends
Piedmont Realty Trust has reported Construction in Progress for 17 years, with the latest figure at $48.9 million in Q1 2026.
- For the quarter ending Q1 2026, Construction in Progress fell 54.52% year-over-year to $48.9 million; the trailing twelve-month figure through Mar 2026 stood at $48.9 million (down 54.52% YoY), and the FY2025 full-year result was $44.4 million, down 57.39% from the prior year.
- Construction in Progress for Q1 2026 stood at $48.9 million, up from $44.4 million in the prior quarter.
- The five-year high for Construction in Progress was $144.0 million in Q3 2024, with the low at $41.5 million in Q2 2022.
- Historically, Construction in Progress has averaged $75.0 million across 5 years, with a median of $59.1 million in 2023.
- Annual changes were most pronounced in 2024 — Construction in Progress surged 100.17% — and 2025, when it sank 60.21%.
- Piedmont Realty Trust's Construction in Progress 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 climbed by 10.14% to $48.9 million in 2026.
- The last three Construction in Progress figures came in at $48.9 million (Q1 2026), $44.4 million (Q4 2025), and $57.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.03 Bn | 9.03 Bn | - | - |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | - |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 2.39 Bn |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | - |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 308.42 Mn |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 6.25 Mn |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | - |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 8.19 Mn |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | 48.86 Mn |
| 10 | Easterly Government Properties | 1.12 Bn | 1.17 Bn | 71.01 Mn | 51.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 67.03 Mn |