Piedmont REIT Signs 240,000 SF of Leases Second Quarter-to-Date Bringing YTD Leasing to approximately 670,000 SF
Piedmont (NYSE:PDM) reported approximately 240,000 square feet of leases completed so far in the second quarter of 2026, over 60% with new tenants.
Sentiment and the balance of points
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Rhea-AI Summary
Piedmont (NYSE:PDM) reported approximately 240,000 square feet of leases completed so far in the second quarter of 2026, over 60% with new tenants. About 90% of this new-tenant space was previously vacant, bringing year-to-date leasing to roughly 670,000 square feet.
Piedmont also noted nearly 900,000 square feet of leasing either executed or in the legal stage during the second quarter and cited tour and proposal activity above historical averages. The company is presenting at the NAREIT REITWeek Investor Conference in New York.
Positive
- Approximately 240,000 SF of leasing completed so far in Q2 2026
- Over 60% of Q2 leasing volume tied to new tenants
- Roughly 90% of new-tenant leasing backfilling previously vacant space
- Year-to-date 2026 leasing volume around 670,000 SF
- Almost 900,000 SF executed or in legal stage during Q2 2026
- Tour and proposal activity reportedly above historical averages
Negative
- None.
Details
News Market Reaction – PDM
On Jun 1, the day this news came out, PDM closed 0.36% below the previous close.
Data tracked by StockTitan Argus for the Jun 1 session.
Key Figures
- Q2 leases signed
- 240,000 SF
- Leasing completed thus far in second quarter 2026
- New tenant share
- over 60%
- Portion of Q2 2026 leasing tied to new tenants
- Vacant space usage
- approximately 90%
- Share of new tenant leasing going into currently vacant space
- YTD leasing volume
- approximately 670,000 SF
- Year-to-date 2026 leasing activity
- Q2 leasing pipeline
- almost 900,000 SF
- Leasing either executed or in legal stage during Q2 2026
- Amended term loan size
- $400 million
- Principal amount under amended Term Loan Agreement as of May 28, 2026
- Prior term loan size
- $325 million
- Principal amount before amendment of Term Loan Agreement
- Term loan maturity
- May 28, 2031
- Maturity date under amended Term Loan Agreement
Historical Context
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Release of Q1 2026 financial results and related investor materials.
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Announcement of reporting date and call details for Q1 2026 results.
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Fourth quarter and full-year 2025 financial results and conference call plans.
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Promotion of Alex Valente to Co‑Chief Operating Officer overseeing operations.
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Disclosure of tax treatment for two $0.125 2025 common stock dividends.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
reit financial
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Atlanta, GA, June 01, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week’s NAREIT REITWeek Investor Conference in New York City. The Company has completed approximately 240,000 square feet of leasing thus far in the second quarter, with over
Commenting on second quarter leasing progress, Brent Smith, Piedmont's President and Chief Executive Officer, said, "We continue to experience elevated demand for our Piedmont PLACES with tour and proposal activity at levels above historical averages. With almost 900,000 square feet of leasing either already executed or in the legal stage during the second quarter, prospective customers recognize Piedmont's best-in-class work environments and elevated service present an exceptional value compared to new construction. This unique formula continues to drive both outsized demand and rental rate growth across the Piedmont portfolio."
About Piedmont Realty Trust
Piedmont Realty Trust™ (NYSE: PDM), is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier “Piedmont PLACEs” that enhance each client’s workplace experience.
Contact: Sarah Heimlich
Company: Piedmont Realty Trust
Phone: 770 418 8800
Email: Investor.relations@Piedmontreit.com
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