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]

Core Insights - Piedmont Office (PDM) reported a revenue of $142.69 million for Q1 2025, reflecting a year-over-year decline of 1.3% and an EPS of $0.36 compared to -$0.22 a year ago, exceeding the Zacks Consensus Estimate of $141.54 million by 0.81% [1] Financial Performance - The company experienced a surprise in EPS of +2.86%, with the consensus EPS estimate being $0.35 [1] - Rental and Tenant Reimbursement Revenue from fixed payments was $111.78 million, surpassing the two-analyst average estimate of $110.34 million, but showing a year-over-year decline of 1.4% [4] - Variable payments for Rental and Tenant Reimbursement Revenue were reported at $24.29 million, slightly below the two-analyst average estimate of $24.61 million, with a year-over-year decline of 5.7% [4] - Other property-related income was $6.54 million, exceeding the average estimate of $6.15 million, marking a year-over-year increase of 23.4% [4] - Property management fee revenue was reported at $0.08 million, significantly lower than the two-analyst average estimate of $0.47 million, reflecting a year-over-year decline of 48.4% [4] - Total rental and tenant reimbursement revenue was $136.06 million, above the two-analyst average estimate of $134.95 million, with a year-over-year decline of 2.2% [4] - Net income per share applicable to common stockholders-diluted was -$0.08, matching the average estimate based on two analysts [4] Market Performance - Piedmont Office shares have returned -6% over the past month, compared to the Zacks S&P 500 composite's -4.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance against the broader market in the near term [3]