Piedmont Realty Trust (PDM) Operating Expenses (2010 - 2026)

Piedmont Realty Trust (PDM) reported Operating Expenses of $124.5 million for Q1 2026, up 2.23% on a YoY basis from $121.8 million in Q1 2025, and little changed quarter-over-quarter from $123.9 million in Q4 2025.

Piedmont Realty Trust (PDM) Operating Expenses (2010 - 2026) Analysis & Trends

Piedmont Realty Trust has reported Operating Expenses for 17 years, with the latest figure at $124.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 2.23% year-over-year to $124.5 million; the trailing twelve-month figure through Mar 2026 stood at $488.3 million (down 4.12% YoY), and the FY2025 full-year result was $485.5 million, down 8.37% from the prior year.
  • Operating Expenses for Q1 2026 stood at $124.5 million, roughly flat from $123.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $152.4 million in Q4 2022, with the low at $114.5 million in Q2 2022.
  • Historically, Operating Expenses has averaged $128.0 million across 5 years, with a median of $123.8 million in 2024.
  • Annual changes were most pronounced in 2024 — Operating Expenses climbed 15.54% — and 2025, when it retreated 14.52%.
  • Piedmont Realty Trust's Operating Expenses 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 increased by 0.45% to $124.5 million in 2026.
  • The last three Operating Expenses figures came in at $124.5 million (Q1 2026), $123.9 million (Q4 2025), and $120.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - 634.35 Mn
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn 285.09 Mn
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn 208.92 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn 61.46 Mn
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn 142.32 Mn
6 Highwoods Properties 3.25 Bn 3.27 Bn - 410.82 Mn
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn 202.02 Mn
8 Empire State Realty OP 1.49 Bn 1.49 Bn - 160.87 Mn
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn 124.51 Mn
10 Easterly Government Properties 1.12 Bn 1.17 Bn 71.01 Mn 71.63 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 110.56 Mn