Piedmont Realty Trust (PDM) Operating Expenses (2010 - 2026)
Piedmont Realty Trust's (PDM) quarterly Operating Expenses came in at $123.5 million in Q2 2026, up 3.81% YoY from $119.0 million in Q2 2025, and down 0.78% on a QoQ basis from $124.5 million in Q1 2026.
Piedmont Realty Trust (PDM) Operating Expenses (2010 - 2026) Analysis & Trends
Piedmont Realty Trust (PDM) has 17 years of Operating Expenses data on file, last reported at $123.5 million in Q2 2026.
- Quarterly Operating Expenses rose 3.81% year-over-year to $123.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $492.8 million (down 2.3% YoY) and the FY2025 annual result came in at $485.5 million, down 8.37% from the prior year.
- Operating Expenses retreated to $123.5 million in Q2 2026, from $124.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $152.4 million in Q4 2022 to a low of $114.5 million in Q2 2022.
- A 5-year average of $127.7 million and a median of $123.7 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses climbed 15.54% — and 2025, when it retreated 14.52%.
- Tracing PDM's Operating Expenses over 5 years: stood at $152.4 million in 2022, then decreased by 3.51% to $147.0 million in 2023, then slipped by 2.58% to $143.2 million in 2024, then decreased by 13.46% to $123.9 million in 2025, then decreased by 0.33% to $123.5 million in 2026.
- The last three Operating Expenses figures came in at $123.5 million (Q2 2026), $124.5 million (Q1 2026), and $123.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | 835.39 Mn |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | 249.25 Mn |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 207.02 Mn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 134.16 Mn |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | 60.25 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 159.11 Mn |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | 206.20 Mn |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 335.61 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 123.54 Mn |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn | 70.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 123.54 Mn |
| Mar 31, 2026 | 124.51 Mn |
| Dec 31, 2025 | 123.95 Mn |
| Sep 30, 2025 | 120.81 Mn |
| Jun 30, 2025 | 119.00 Mn |
| Mar 31, 2025 | 121.79 Mn |
| Dec 31, 2024 | 143.23 Mn |
| Sep 30, 2024 | 120.39 Mn |
| Jun 30, 2024 | 123.83 Mn |
| Mar 31, 2024 | 142.48 Mn |
| Dec 31, 2023 | 147.02 Mn |
| Sep 30, 2023 | 136.16 Mn |
| Jun 30, 2023 | 123.46 Mn |
| Mar 31, 2023 | 123.31 Mn |
| Dec 31, 2022 | 152.36 Mn |
| Sep 30, 2022 | 123.86 Mn |
| Jun 30, 2022 | 114.51 Mn |
| Mar 31, 2022 | 114.98 Mn |
| Dec 31, 2021 | 158.88 Mn |
| Sep 30, 2021 | 109.66 Mn |