v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Cumulative Distributions in Excess of Earnings
Accumulated Other Comprehensive Income/(Loss)
Non- controlling Interest
Beginning balance (in shares) at Dec. 31, 2024   124,083,000        
Beginning balance at Dec. 31, 2024 $ 1,588,127 $ 1,241 $ 3,723,680 $ (2,128,194) $ (10,123) $ 1,523
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Costs of issuance of common stock (168)   (168)      
Dividends to stockholders (15,556)     (15,536)   (20)
Shares issued and amortized pursuant to equity incentive plan, net of tax (in shares)   409,000        
Shares issued and amortized pursuant to equity incentive plan, net of tax 2,261 $ 4 2,257      
Net income applicable to noncontrolling interest 8         8
Net loss applicable to Piedmont (26,912)     (26,912)    
Other comprehensive income 250       250  
Ending balance (in shares) at Jun. 30, 2025   124,492,000        
Ending balance at Jun. 30, 2025 1,548,010 $ 1,245 3,725,769 (2,170,642) (9,873) 1,511
Beginning balance (in shares) at Mar. 31, 2025   124,408,000        
Beginning balance at Mar. 31, 2025 1,561,731 $ 1,244 3,723,373 (2,153,834) (10,575) 1,523
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends to stockholders (14)         (14)
Shares issued and amortized pursuant to equity incentive plan, net of tax (in shares)   84,000        
Shares issued and amortized pursuant to equity incentive plan, net of tax 2,397 $ 1 2,396      
Net income applicable to noncontrolling interest 2         2
Net loss applicable to Piedmont (16,808)     (16,808)    
Other comprehensive income 702       702  
Ending balance (in shares) at Jun. 30, 2025   124,492,000        
Ending balance at Jun. 30, 2025 $ 1,548,010 $ 1,245 3,725,769 (2,170,642) (9,873) 1,511
Beginning balance (in shares) at Dec. 31, 2025 124,519,278 124,519,000        
Beginning balance at Dec. 31, 2025 $ 1,496,703 $ 1,245 3,730,273 (2,227,350) (8,967) 1,502
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Costs of issuance of common stock (342)   (342)      
Dividends to stockholders (137)   (123)     (14)
Shares issued and amortized pursuant to equity incentive plan, net of tax (in shares)   614,000        
Shares issued and amortized pursuant to equity incentive plan, net of tax 1,183 $ 6 1,177      
Net income applicable to noncontrolling interest 9         9
Net loss applicable to Piedmont (24,021)     (24,021)    
Other comprehensive income $ 1,599       1,599  
Ending balance (in shares) at Jun. 30, 2026 125,132,825 125,133,000        
Ending balance at Jun. 30, 2026 $ 1,474,994 $ 1,251 3,730,985 (2,251,371) (7,368) 1,497
Beginning balance (in shares) at Mar. 31, 2026   125,019,000        
Beginning balance at Mar. 31, 2026 1,482,926 $ 1,250 3,728,827 (2,240,270) (8,380) 1,499
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Costs of issuance of common stock (236)   (236)      
Dividends to stockholders (6)         (6)
Shares issued and amortized pursuant to equity incentive plan, net of tax (in shares)   114,000        
Shares issued and amortized pursuant to equity incentive plan, net of tax 2,395 $ 1 2,394      
Net income applicable to noncontrolling interest 4         4
Net loss applicable to Piedmont (11,101)     (11,101)    
Other comprehensive income $ 1,012       1,012  
Ending balance (in shares) at Jun. 30, 2026 125,132,825 125,133,000        
Ending balance at Jun. 30, 2026 $ 1,474,994 $ 1,251 $ 3,730,985 $ (2,251,371) $ (7,368) $ 1,497