Compared to Estimates, Piedmont Realty Trust (PDM) Q3 Earnings: A Look at Key Metrics

Core Insights - Piedmont Realty Trust reported $139.16 million in revenue for Q3 2025, a slight year-over-year decline of 0.1%, with an EPS of $0.35 compared to -$0.09 a year ago, indicating a significant improvement in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $139.05 million, resulting in a surprise of +0.08%, while the EPS also surpassed the consensus estimate of $0.34 by +2.94% [1] Revenue Breakdown - Fixed rental and tenant reimbursement revenue was $110.75 million, exceeding the average estimate of $109.26 million, reflecting a year-over-year increase of +1.2% [4] - Variable rental and tenant reimbursement revenue was reported at $22.28 million, below the estimated $23.51 million, showing a decline of -4.9% year-over-year [4] - Other property-related income was $6.02 million, slightly below the average estimate of $6.2 million, but represented a year-over-year increase of +8.1% [4] - Property management fee revenue was $0.12 million, exceeding the average estimate of $0.09 million, although it showed a significant year-over-year decline of -87.2% [4] - Total rental and tenant reimbursement revenue was $133.03 million, slightly above the average estimate of $132.77 million, with a year-over-year change of +0.2% [4] Stock Performance - Piedmont Realty Trust's shares have returned -3.9% over the past month, contrasting with the Zacks S&P 500 composite's +2.5% change, indicating underperformance relative to the broader market [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3]