Welcome to our dedicated page for Piedmont Realty Trust SEC filings (Ticker: PDM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Piedmont Realty Trust filings document the formal disclosure record of a Maryland REIT with common stock listed on the New York Stock Exchange under PDM. Its 8-K reports furnish earnings releases and supplemental operating information for quarterly and annual results, including portfolio and diversification materials and related risk notices.
The filing record also covers proxy governance for annual stockholder meetings, executive appointments and compensation arrangements, and financing activity through Piedmont Operating Partnership, LP. Debt-related filings describe senior notes, guarantees by the company, covenant provisions, tender offer communications, revolving credit facilities, term loans and amendments to SOFR-based interest terms.
Cohen & Steers, Inc. and its investment advisory affiliates report beneficial ownership of 8,088,690 shares of Piedmont Office Realty Trust, Inc. common stock, representing 6.47% of the class as of June 30, 2026.
Cohen & Steers Capital Management, Inc. has sole voting power over 4,533,092 shares and sole dispositive power over 8,088,690 shares. The securities are held for the benefit of client accounts, which are entitled to dividends and sale proceeds on the shares held for them.
Piedmont Realty Trust, Inc. reported second quarter 2026 results with a net loss of $11.1 million, or $(0.09) per diluted share, improving from a $16.8 million loss a year earlier. Total revenues were $144.1 million. NAREIT FFO and Core FFO were both $47.9 million, or $0.38 per diluted share, up from $0.36, while Adjusted FFO rose to $31.0 million. Same store NOI increased 9.0% on a cash basis and 2.8% on an accrual basis. The company executed about 459,000 sq ft of leasing, including 262,000 sq ft of new tenant leasing, with cash rents up 14.1% and accrual rents up 32.4% on comparable space; the in-service portfolio was 88.9% leased.
As of June 30, 2026, total debt principal was $2.27 billion with a weighted average interest rate of 5.50%, net debt to gross assets (less cash) of 39.8%, and no debt maturities until 2028, alongside $16.8 million of cash and full availability on a $600 million revolver. Management increased its 2026 outlook for the second consecutive quarter, guiding to NAREIT and Core FFO of $190–$197 million, or $1.50–$1.55 per diluted share, and projecting 5–8% same store NOI growth on both a cash and accrual basis, supported by anticipated 1.7–2.0 million square feet of leasing and stabilization of out-of-service redevelopment assets.
Piedmont Realty Trust, Inc. reported higher revenue but continued losses for the quarter ended June 30, 2026. Total revenues were 144,123 (in thousands), up from 140,292, while net loss applicable to common stockholders narrowed to 11,101 (in thousands), or $0.09 per share, mainly because the prior year included a loss on early extinguishment of debt.
For the first six months of 2026, revenues were 287,417 (in thousands) and net loss was 24,021 (in thousands). NAREIT FFO rose to 93,881 (in thousands), or $0.74 per diluted share, and AFFO to 54,832 (in thousands), supported by higher rental rates, new lease commencements, and Same Store NOI growth. As of June 30, 2026, Piedmont owned 29 in-service office projects totaling about 15.1 million square feet, 88.9% leased.
Liquidity is supported by $16.8 million of cash, full availability under a $600 million unsecured line of credit, and no required debt maturities until 2028. During the period, the company upsized and extended a term loan to $400 million maturing in 2031, invested 71,846 (in thousands) in capital expenditures, and used interest rate swaps to hedge $200 million of variable-rate debt.
Piedmont Realty Trust, Inc. entered into an amendment to its existing Term Loan Agreement, increasing the principal amount to $400 million from $325 million and extending the maturity date to May 28, 2031.
The amendment ties the loan’s interest margin to the company’s credit ratings, with current pricing at SOFR + 1.15%. Piedmont Realty Trust guarantees the obligations of its operating partnership under the facility, and the loan may be prepaid at any time without premium or penalty, subject to conditions.
Piedmont Realty Trust director Stephen E. Lewis reported routine equity compensation activity. On May 12, 2026, he exercised 15,217 restricted stock units that had vested and received the same number of shares of common stock. Following this exercise, he directly held 17,529 shares of common stock.
On the same date, he was granted 12,883 new restricted stock units, each representing a contingent right to receive one share of Piedmont Realty Trust common stock. These new units will vest at the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date in May 2027.
Piedmont Realty Trust director Barbara B. Lang reported routine equity compensation activity involving common stock and restricted stock units. On May 12, 2026, 15,217 restricted stock units vested and were settled in common stock, while 4,566 shares were delivered back to the company to satisfy tax withholding obligations.
Following these events, she held 61,842 shares of common stock directly. On the same date, she was granted 12,883 new restricted stock units, each representing a contingent right to receive one share of common stock, which will vest at the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date.
Piedmont Realty Trust director Mary M. Hager reported equity compensation activity tied to the 2025 and 2026 annual meetings. On May 12, 2026, previously granted 15,217 restricted stock units vested and were exercised into 15,217 shares of common stock, bringing her direct common stock holdings to 49,190 shares.
At the same 2026 annual meeting, she also received a new grant of 12,883 restricted stock units, each representing a contingent right to one share of common stock that will vest at the 2027 annual meeting or on the grant-date anniversary in May 2027.
Piedmont Realty Trust director Glenn Gary Cohen reported equity compensation activity. On May 12, 2026, he exercised 15,217 restricted stock units that had vested, receiving the same number of shares of Piedmont common stock. These units were originally granted on May 15, 2025 and vested at the 2026 Annual Meeting of Stockholders.
On the same date, Cohen also received a new grant of 12,883 restricted stock units, which will vest at the earlier of the 2027 Annual Meeting of Stockholders or the first anniversary of the grant date in May 2027. After these transactions, he directly holds 82,083 shares of common stock and 12,883 restricted stock units.
Piedmont Realty Trust director Deneen L. Donnley reported routine equity compensation activity. On May 12, 2026, 15,217 previously granted restricted stock units vested at the 2026 Annual Meeting and were settled in an equal number of PDM common shares. Following this conversion, Donnley directly holds 17,529 common shares.
On the same date, Donnley received a new grant of 12,883 restricted stock units, each representing a contingent right to one PDM common share. These RSUs will vest on the earlier of the 2027 Annual Meeting of Stockholders or the first anniversary of the grant date.
Piedmont Realty Trust director Jeffrey Donnelly reported compensation-related equity activity tied to restricted stock units (RSUs). On May 12, 2026, 15,217 previously granted RSUs vested and were settled into the same number of shares of common stock. In connection with this vesting, 3,348 shares were forfeited and delivered back to the company to satisfy tax withholding obligations, leaving Donnelly with 13,672 shares of common stock held directly after these transactions.
On the same date, Donnelly received a new grant of 12,883 RSUs, each representing a contingent right to one share of Piedmont Realty Trust common stock. These RSUs will vest on the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date in May 2027, continuing his equity-based compensation alignment with shareholders.