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| Date | Value |
|---|---|
| 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 |