v3.26.3
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 (526)   (526)      
Dividends to stockholders (15,563)     (15,536)   (27)
Shares issued and amortized pursuant to equity incentive plan, net of tax (in shares)   421,000        
Shares issued and amortized pursuant to equity incentive plan, net of tax 4,764 $ 4 4,760      
Net loss/(income) applicable to noncontrolling interest 13         13
Net loss applicable to Piedmont (40,374)     (40,374)    
Other comprehensive income 606       606  
Ending balance (in shares) at Sep. 30, 2025   124,504,000        
Ending balance at Sep. 30, 2025 1,537,047 $ 1,245 3,727,914 (2,184,104) (9,517) 1,509
Beginning balance (in shares) at Jun. 30, 2025   124,492,000        
Beginning balance at Jun. 30, 2025 1,548,010 $ 1,245 3,725,769 (2,170,642) (9,873) 1,511
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Costs of issuance of common stock (357)   (357)      
Dividends to stockholders (7)         (7)
Shares issued and amortized pursuant to equity incentive plan, net of tax (in shares)   12,000        
Shares issued and amortized pursuant to equity incentive plan, net of tax 2,502   2,502      
Net loss/(income) applicable to noncontrolling interest 5         5
Net loss applicable to Piedmont (13,462)     (13,462)    
Other comprehensive income 356       356  
Ending balance (in shares) at Sep. 30, 2025   124,504,000        
Ending balance at Sep. 30, 2025 $ 1,537,047 $ 1,245 3,727,914 (2,184,104) (9,517) 1,509
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]            
Shares issued under ATM program (in shares)   4,116,000        
Shares issued under ATM program 40,007 $ 41 39,966      
Share repurchases (in shares)   (5,435,000)        
Share repurchases (50,000) $ (54) (49,946)      
Costs of issuance of common stock (875)   (875)      
Dividends to stockholders (143)   (123)     (20)
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 3,661 $ 6 3,655      
Net loss/(income) applicable to noncontrolling interest 7         7
Net loss applicable to Piedmont (45,043)     (45,043)    
Other comprehensive income $ 4,115       4,115  
Ending balance (in shares) at Sep. 30, 2026 123,813,969 123,814,000        
Ending balance at Sep. 30, 2026 $ 1,448,432 $ 1,238 3,722,950 (2,272,393) (4,852) 1,489
Beginning balance (in shares) at Jun. 30, 2026   125,133,000        
Beginning balance at Jun. 30, 2026 1,474,994 $ 1,251 3,730,985 (2,251,371) (7,368) 1,497
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares issued under ATM program (in shares)   4,116,000        
Shares issued under ATM program $ 40,007 $ 41 39,966      
Share repurchases (in shares) (5,400,000) (5,435,000)        
Share repurchases $ (50,000) $ (54) (49,946)      
Costs of issuance of common stock (533)   (533)      
Dividends to stockholders (6)         (6)
Shares issued and amortized pursuant to equity incentive plan, net of tax 2,478   2,478      
Net loss/(income) applicable to noncontrolling interest (2)         (2)
Net loss applicable to Piedmont (21,022)     (21,022)    
Other comprehensive income $ 2,516       2,516  
Ending balance (in shares) at Sep. 30, 2026 123,813,969 123,814,000        
Ending balance at Sep. 30, 2026 $ 1,448,432 $ 1,238 $ 3,722,950 $ (2,272,393) $ (4,852) $ 1,489