v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental and tenant reimbursement revenue $ 137,265 $ 133,954 $ 273,706 $ 270,018
Total revenues 144,123 140,292 287,417 282,978
Expenses:        
Property operating costs 55,986 55,610 113,292 113,524
Depreciation 44,825 40,646 88,852 81,539
Amortization 14,487 14,785 29,750 30,206
General and administrative 8,237 7,960 16,146 15,523
Total expenses 123,535 119,001 248,040 240,792
Other income (expense):        
Interest expense (31,874) (31,954) (63,803) (63,631)
Other income 189 133 414 528
Loss on early extinguishment of debt 0 (7,500) 0 (8,000)
Gain on sale of real estate assets 0 1,224 0 2,013
Total other income (expense) (31,685) (38,097) (63,389) (69,090)
Net loss (11,097) (16,806) (24,012) (26,904)
Net income applicable to noncontrolling interest (4) (2) (9) (8)
Net loss applicable to Piedmont $ (11,101) $ (16,808) $ (24,021) $ (26,912)
Per share information – basic and diluted:        
Net loss applicable to common stockholders - basic (in dollars per share) $ (0.09) $ (0.14) $ (0.19) $ (0.22)
Net loss applicable to common stockholders - diluted (in dollars per share) $ (0.09) $ (0.14) $ (0.19) $ (0.22)
Weighted-average common shares outstanding – basic (in shares) 125,081,542 124,458,941 124,944,559 124,359,010
Weighted-average common shares outstanding – diluted (in shares) 125,081,542 124,458,941 124,944,559 124,359,010
Property management fee revenue        
Revenues:        
Property management fee revenue and other property related income $ 108 $ 81 $ 266 $ 162
Other property related income        
Revenues:        
Property management fee revenue and other property related income $ 6,750 $ 6,257 $ 13,445 $ 12,798