v3.26.3
Fair Value Measurement of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping The following table sets forth the carrying and estimated fair value for each of Piedmont’s financial instruments, as well as its level within the GAAP fair value hierarchy, as of September 30, 2026 and December 31, 2025, respectively (in thousands):
September 30, 2026December 31, 2025
Financial InstrumentCarrying ValueEstimated
Fair Value		Level Within Fair Value HierarchyCarrying ValueEstimated
Fair Value		Level Within Fair Value Hierarchy
Assets:
Cash and cash equivalents (1)
$3,903 $3,903 Level 1$731 $731 Level 1
Tenant receivables, net (1)
$10,207 $10,207 Level 1$6,155 $6,155 Level 1
Restricted cash and escrows (1)
$2,577 $2,577 Level 1$3,060 $3,060 Level 1
Interest rate swaps$2,561 $2,561 Level 2$— $— Level 2
Liabilities:
Accounts payable and accrued expenses (1)
$21,143 $21,143 Level 1$26,692 $26,692 Level 1
Interest rate swaps$— $— Level 2$111 $111 Level 2
Debt, net$2,340,841 $2,272,174 Level 2$2,224,712 $2,262,389 Level 2

(1)For the periods presented, the carrying value of these financial instruments approximates estimated fair value due to their short-term maturity.