Piedmont Realty Trust, Inc Stock Price, News & Analysis

Piedmont Realty Trust (NYSE:PDM) leased 2.5 million square feet in 2025, representing about 16% of its portfolio, including 679,000 SF signed in Q4. Approximately two‑thirds of 2025 leasing was to new tenants and nearly half converted previously vacant space. As of Dec 31, 2025, the in‑service portfolio was 89.6% leased and the out‑of‑service portfolio (two Minneapolis projects, one Orlando project) was 62.4% leased. Management said 1.5 million SF of new‑tenant leases will take occupancy by end of 2026 and noted a 1.2% increase in in‑service leased percentage during 2025.

Piedmont Realty Trust (NYSE:PDM) reported completed leasing of over 475,000 square feet in the fourth quarter-to-date, including approximately 275,000 square feet to new tenants. Year-to-date leasing now totals about 2.3 million square feet. Nearly half of the new-tenant leases were for previously vacant space. The Company noted 44,000 square feet of new tenant leases in its out-of-service portfolio, which is now roughly 60% leased. Management cited an additional ~350,000 square feet in a late-stage pipeline that could push Piedmont to a record leasing year and provide momentum into 2026.

The announcement coincides with Piedmont's participation at Nareit's REITworld: 2025 Annual Conference in Dallas, TX.

Piedmont Realty Trust (NYSE: PDM) announced results of its cash tender offer for its 9.250% senior notes due 2028, expiring at 5:00 p.m. New York City time on November 19, 2025. As of the expiration, $244,639,000 of the $532,460,000 principal amount outstanding were validly tendered (45.95%), plus $3,829,000 tendered under guaranteed delivery (0.72%).

The Operating Partnership accepted all notes validly tendered and will pay $1,114.09 per $1,000 principal plus accrued interest through November 20, 2025. Settlement for guaranteed deliveries is expected November 24, 2025. The offer will not accept further tenders.

Piedmont Realty Trust (NYSE: PDM) priced a cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028. The Offer values the notes at $1,114.09 per $1,000 based on a Reference Yield of 3.569% (3.50% UST Nov 15, 2028) plus a 95 bps fixed spread. Principal outstanding is $532,460,000. The tender expires Nov 19, 2025 at 5:00 PM ET, with expected settlement on Nov 20, 2025 and guaranteed-delivery settlement on Nov 24, 2025. The offer is conditioned on completion of a concurrent senior notes offering by the Operating Partnership.

Piedmont Realty Trust (NYSE:PDM) priced $400.0 million aggregate principal of 5.625% senior notes due 2033 at 99.364%, with closing expected on November 20, 2025 subject to customary conditions.

The operating partnership intends to use net proceeds, together with borrowings under its $600 million unsecured line of credit and cash on hand if needed, to fund a tender offer to purchase outstanding 9.250% senior notes due 2028 that are validly tendered and accepted. If the tender offer is not consummated or fully used, remaining proceeds may be used for working capital, capital expenditures and other general corporate purposes. The new notes will be senior unsecured and guaranteed by the company.

Piedmont Realty Trust (NYSE: PDM) announced that its operating partnership commenced a cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028.

The notes total $532,460,000 principal outstanding. Consideration per $1,000 will be based on a 95 bps fixed spread plus the yield on the 3.50% U.S. Treasury due November 15, 2028, measured at 2:00 p.m. ET on November 19, 2025. The tender offer expires at 5:00 p.m. ET on November 19, 2025, with expected settlement on November 20, 2025 (guaranteed delivery settlement on November 24, 2025).

The offer is conditioned on satisfaction or waiver of certain conditions, including completion of a proposed concurrent senior notes offering; accrued interest will be paid through the Settlement Date. Dealer managers and tender agent contact details are provided for holders.

Piedmont Realty Trust (NYSE: PDM) released its third quarter 2025 financial and operational results on October 27, 2025 and posted the Earnings Release and Supplemental Information on its investor website.

The company will host a conference call and audio webcast on Tuesday, October 28, 2025 at 9:00 a.m. ET to review Q3 performance, recent events, and hold Q&A. Investors and analysts can access the live webcast and replay via https://investor.piedmontreit.com under News & Events.

Telephone dial-in details and replay access (available through November 11, 2025) were provided for domestic and international participants.

Piedmont Realty Trust (NYSE: PDM) will release its third quarter 2025 financial results on Monday, October 27, 2025 after market close. Management will host a conference call on Tuesday, October 28, 2025 at 9:00 a.m. ET to review Q3 performance, discuss recent events, and answer questions.

The call will be broadcast in listen-only mode on the company's investor relations website via webcast. Dial-in details: Domestic (888) 506-0062, International (973) 528-0011, Participant Code 475776. Replay telephonic access through November 11, 2025: Domestic (877) 481-4010, International (919) 882-2331, Replay Passcode 53079.

Piedmont Realty Trust (NYSE:PDM), a Class A office property owner focused on the Sunbelt region, has reported strong leasing activity in Q3 2025. The company has secured over 500,000 square feet of leases in the third quarter, with more than 400,000 square feet attributed to new tenants.

Notable achievements include: 85% of new tenant leases covering previously vacant space, year-to-date leasing volume exceeding 1.5 million square feet, and approximately 178,000 square feet of new tenant leases in the out-of-service portfolio, which is now over 50% leased. The company maintains a robust late-stage pipeline of 400,000 square feet, with two-thirds representing potential new tenants, and remains confident in achieving its 2025 leasing goal of 2.2 to 2.4 million square feet.