Piedmont Office Realty Trust (PDM) Revenue & Revenue Breakdown

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Piedmont Office Realty Trust Revenue Highlights

Latest Revenue (Y)

$678.66M

Latest Revenue (Q)

$5.57M

Main Segment (Y)

Real Estate, Other

Main Geography (Y)

Atlanta, GA

Piedmont Office Realty Trust Revenue by Period

Piedmont Office Realty Trust Revenue by Year

Date	Revenue	Change
2023-12-31	$678.66M	20.38%
2022-12-31	$563.77M	6.63%
2021-12-31	$528.71M	-1.18%
2020-12-31	$535.02M	0.35%
2019-12-31	$533.18M	1.37%
2018-12-31	$525.97M	-8.40%
2017-12-31	$574.17M	3.32%
2016-12-31	$555.72M	-4.97%
2015-12-31	$584.77M	3.27%
2014-12-31	$566.25M	2.12%
2013-12-31	$554.50M	3.38%
2012-12-31	$536.38M	-0.97%
2011-12-31	$541.64M	-8.02%
2010-12-31	$588.84M	-2.65%
2009-12-31	$604.88M	-2.75%
2008-12-31	$621.97M	4.84%
2007-12-31	$593.25M	2.41%
2006-12-31	$579.31M	2.71%
2005-12-31	$564.01M	-9.34%
2004-12-31	$622.10M	64.75%
2003-12-31	$377.60M	203.54%
2002-12-31	$124.40M	-

Piedmont Office Realty Trust generated $678.66M in revenue during NA 2023, up 20.38% compared to the previous quarter, and up 129.03% compared to the same period a year ago.

Piedmont Office Realty Trust Revenue by Quarter

Date	Revenue	Change
2024-09-30	$5.57M	-96.12%
2024-06-30	$143.26M	-0.88%
2024-03-31	$144.54M	-15.19%
2023-12-31	$170.42M	3270.67%
2023-09-30	$5.06M	-96.47%
2023-06-30	$143.07M	0.50%
2023-03-31	$142.37M	-3.29%
2022-12-31	$147.21M	2.16%
2022-09-30	$144.10M	5.72%
2022-06-30	$136.31M	0.12%
2022-03-31	$136.15M	-1.46%
2021-12-31	$138.16M	5.41%
2021-09-30	$131.07M	0.66%
2021-06-30	$130.22M	0.74%
2021-03-31	$129.26M	-1.73%
2020-12-31	$131.53M	-0.12%
2020-09-30	$131.69M	-2.18%
2020-06-30	$134.63M	-1.85%
2020-03-31	$137.17M	2.25%
2019-12-31	$134.15M	-0.94%
2019-09-30	$135.42M	3.64%
2019-06-30	$130.67M	-1.71%
2019-03-31	$132.94M	-3.10%
2018-12-31	$137.19M	5.76%
2018-09-30	$129.71M	0.41%
2018-06-30	$129.17M	-0.56%
2018-03-31	$129.90M	-6.84%
2017-12-31	$139.44M	1.35%
2017-09-30	$137.59M	-7.46%
2017-06-30	$148.68M	0.15%
2017-03-31	$148.46M	3.16%
2016-12-31	$143.91M	3.92%
2016-09-30	$138.49M	2.35%
2016-06-30	$135.31M	-1.96%
2016-03-31	$138.01M	-1.04%
2015-12-31	$139.46M	-6.29%
2015-09-30	$148.81M	1.42%
2015-06-30	$146.73M	-2.02%
2015-03-31	$149.76M	2.08%
2014-12-31	$146.71M	1.43%
2014-09-30	$144.64M	4.37%
2014-06-30	$138.58M	1.66%
2014-03-31	$136.32M	-3.63%
2013-12-31	$141.45M	-2.53%
2013-09-30	$145.12M	7.66%
2013-06-30	$134.79M	0.36%
2013-03-31	$134.30M	-1.30%
2012-12-31	$136.08M	0.88%
2012-09-30	$134.89M	0.88%
2012-06-30	$133.72M	0.39%
2012-03-31	$133.20M	-3.12%
2011-12-31	$137.49M	2.29%
2011-09-30	$134.41M	-10.71%
2011-06-30	$150.54M	2.72%
2011-03-31	$146.55M	-3.14%
2010-12-31	$151.31M	3.99%
2010-09-30	$145.50M	0.22%
2010-06-30	$145.18M	-2.19%
2010-03-31	$148.44M	-1.71%
2009-12-31	$151.02M	0.32%
2009-09-30	$150.54M	0.64%
2009-06-30	$149.58M	-2.71%
2009-03-31	$153.75M	-1.07%
2008-12-31	$155.42M	0.08%
2008-09-30	$155.29M	2.06%
2008-06-30	$152.16M	-

Piedmont Office Realty Trust generated $5.57M in revenue during Q3 2024, up -96.12% compared to the previous quarter, and up 3.89% compared to the same period a year ago.

Piedmont Office Realty Trust Revenue Breakdown

Piedmont Office Realty Trust Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Real Estate, Other	$20.71M	$16.35M	$11.60M	$12.20M	$17.88M
Management Service	$1.73M	$1.68M	$2.50M	$2.87M	$3.40M

Piedmont Office Realty Trust's latest annual revenue breakdown by segment (product or service), as of Dec 23: Real Estate, Other (92.30%), and Management Service (7.70%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Management Service	$896.00K	$482.00K	$157.00K	$389.00K	$396.00K	$437.00K	$507.00K	$395.00K	$303.00K	$326.00K	$651.00K	$576.00K	$626.00K	$536.00K	$758.00K	$721.00K	$751.00K	$622.00K	$773.00K	$579.00K
Real Estate, Other	$5.57M	$6.11M	$5.30M	$5.50M	$5.06M	$5.13M	$5.03M	$4.71M	$4.22M	$3.83M	$3.59M	$3.27M	$3.02M	$2.71M	$2.59M	$2.54M	$2.66M	$2.76M	$4.24M	$3.88M

Piedmont Office Realty Trust's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Real Estate, Other (86.13%), and Management Service (13.87%).

Piedmont Office Realty Trust Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20
New York, NY	$54.04M	$56.19M	$52.45M	$69.83M
Atlanta, GA	$161.31M	$131.23M	$98.33M	$95.40M

Piedmont Office Realty Trust's latest annual revenue breakdown by geography, as of Dec 23: Atlanta, GA (74.91%), and New York, NY (25.09%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
New York, NY	$14.04M	$13.62M	$13.69M	$13.37M	$13.94M	$13.25M	$13.48M	$13.73M	$14.53M	$14.06M	$13.88M	$13.13M	$12.85M	$13.30M	$13.19M
Atlanta, GA	$41.49M	$43.34M	$41.77M	$41.45M	$40.43M	$40.21M	$39.22M	$38.67M	$34.03M	$29.26M	$29.27M	$28.69M	$23.80M	$23.14M	$22.70M

Piedmont Office Realty Trust's latest quarterly revenue breakdown by geography, as of Sep 24: Atlanta, GA (74.72%), and New York, NY (25.28%).

Piedmont Office Realty Trust Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
KRC	Kilroy Realty	$1.13B	$289.94M
DEI	Douglas Emmett	$1.02B	$109.09M
HPP	Hudson Pacific Properties	$952.30M	$166.94M
HIW	Highwoods Properties	$834.00M	$204.32M
CUZ	Cousins Properties	$801.50M	$208.72M
PDM	Piedmont Office Realty Trust	$678.66M	$5.57M
OPI	Office Properties Income Trust	$533.55M	$120.62M
BDN	Brandywine Realty Trust	$514.65M	$131.78M
CIO	City Office REIT	$179.10M	$42.37M
EQC	Equity Commonwealth	$5.19M	$13.99M

PDM Revenue FAQ

What is Piedmont Office Realty Trust’s yearly revenue?

Piedmont Office Realty Trust's yearly revenue for 2023 was $678.66M, representing an increase of 20.38% compared to 2022. The company's yearly revenue for 2022 was $563.77M, representing an increase of 6.63% compared to 2021. PDM's yearly revenue for 2021 was $528.71M, representing a decrease of -1.18% compared to 2020.

What is Piedmont Office Realty Trust’s quarterly revenue?

Piedmont Office Realty Trust's quarterly revenue for Q3 2024 was $5.56M, a -96.12% decrease from the previous quarter (Q2 2024), and a 10.07% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $143.26M, a -0.88% decrease from the previous quarter (Q1 2024), and a 0.13% increase year-over-year (Q2 2023). PDM's quarterly revenue for Q1 2024 was $144.54M, a -15.19% decrease from the previous quarter (Q4 2023), and a 1.52% increase year-over-year (Q1 2023).

What is Piedmont Office Realty Trust’s revenue growth rate?

Piedmont Office Realty Trust's revenue growth rate for the last 3 years (2021-2023) was 28.36%, and for the last 5 years (2019-2023) was 27.29%.

What are Piedmont Office Realty Trust’s revenue streams?

Piedmont Office Realty Trust's revenue streams in c 23 are Real Estate, Other, and Management Service. Real Estate, Other generated $20.71M in revenue, accounting 92.30% of the company's total revenue, up 26.69% year-over-year. Management Service generated $1.73M in revenue, accounting 7.70% of the company's total revenue, up 3.22% year-over-year.

What is Piedmont Office Realty Trust’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Piedmont Office Realty Trust was Real Estate, Other. This segment made a revenue of $20.71M, representing 92.30% of the company's total revenue.