Piedmont Realty Trust, Inc. balance sheet
At the end of fiscal 2025, Piedmont Realty Trust, Inc. had total assets of $4.03bn, total liabilities of $2.53bn and shareholders' equity of $1.50bn. It held $731,000 in cash against $2.25bn of debt: net debt of $2.25bn.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 10 | 57 | 140 | 13 | 7 | 12 | 5 | 7 | 7 | 5 | 14 | 7 | 7 | 17 | 1 | 110 | 1 | 4 |
| Goodwill | — | 180 | 180 | 180 | 180 | 180 | 105 | 99 | 99 | 99 | 99 | 99 | 99 | 83 | 53 | 53 | 53 | 53 |
| Total assets | — | 4,373 | 4,448 | 4,255 | 4,666 | 4,788 | 4,362 | 4,368 | 4,000 | 3,592 | 3,517 | 3,740 | 3,931 | 4,086 | 4,057 | 4,115 | 4,031 | 4,092 |
| Long-term debt | — | — | 1,473 | 1,417 | 2,002 | 2,270 | 2,030 | 2,020 | 1,727 | 1,685 | 1,481 | 1,622 | 1,878 | 1,984 | 2,055 | 2,222 | 2,225 | 2,341 |
| Total debt | 0 | 0 | 1,473 | 1,417 | 2,004 | 2,280 | 2,041 | 2,030 | 1,734 | 1,695 | 1,489 | 1,633 | 1,890 | 1,997 | 2,070 | 2,242 | 2,248 | 2,341 |
| Total liabilities | — | 1,600 | 1,674 | 1,614 | 2,205 | 2,476 | 2,238 | 2,270 | 2,013 | 1,880 | 1,698 | 1,842 | 2,143 | 2,236 | 2,334 | 2,527 | 2,535 | 2,643 |
| Shareholders' equity | 2,607 | 2,767 | 2,772 | 2,639 | 2,460 | 2,310 | 2,122 | 2,096 | 1,985 | 1,710 | 1,817 | 1,896 | 1,786 | 1,848 | 1,721 | 1,587 | 1,495 | 1,447 |
| Net debt (negative = net cash) | −10 | −57 | 1,333 | 1,404 | 1,997 | 2,267 | 2,036 | 2,023 | 1,726 | 1,690 | 1,475 | 1,625 | 1,883 | 1,980 | 2,069 | 2,133 | 2,247 | 2,337 |
| Shares outstanding | — | 173m | 173m | 168m | 157m | 154m | 146m | 145m | 142m | 126m | 126m | 124m | 123m | 123m | 124m | 124m | 125m | 124m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 |
| Total assets | 4,115 | 4,004 | 3,980 | 4,004 | 4,031 | 4,034 | 4,048 | 4,092 |
| Long-term debt | 2,222 | 2,186 | 2,178 | 2,193 | 2,225 | 2,252 | 2,251 | 2,341 |
| Total debt | 2,222 | 2,186 | 2,178 | 2,193 | 2,225 | 2,252 | 2,251 | 2,341 |
| Total liabilities | 2,527 | 2,442 | 2,432 | 2,467 | 2,535 | 2,551 | 2,573 | 2,643 |
| Shareholders' equity | 1,587 | 1,560 | 1,546 | 1,536 | 1,495 | 1,481 | 1,473 | 1,447 |
| Shares outstanding | 124m | 124m | 124m | 125m | 125m | 125m | 125m | 124m |
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