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.
Piedmont Realty Trust, Inc. (PDM) reported third-quarter 2026 revenue of $151.236 million, up 8.7% from $139.163 million a year earlier, and a net loss applicable to Piedmont of $21.022 million, compared with $13.462 million. Core FFO per diluted share was $0.39 versus $0.35; same-store NOI rose 7.5% on a cash basis and 6.9% on an accrual basis. Piedmont raised its 2026 Core FFO outlook to $1.55–$1.57 per diluted share, from initial guidance of $1.47–$1.53.
Leasing totaled 406,000 square feet, with cash and accrual rent roll-ups of 26.2% and 34.6%. Piedmont acquired 4075 Wilson Boulevard for an approximately $52.0 million net purchase price and sold the Royal Lane land parcel for a $12.0 million gross sales price. It entered a binding contract to sell Enclave Place for $81.8 million, subject to customary closing conditions, with closing anticipated in the fourth quarter of 2026; the company expects to use net proceeds to pay down its $600 million line of credit. The quarter included issuance of $230 million of 2.875% exchangeable senior notes and redemption of all outstanding 9.25% senior notes due 2028.
Piedmont Realty Trust, Inc. reported third-quarter 2026 revenue of $151.2 million, versus $139.1 million a year earlier, and a $21.0 million net loss applicable to common stockholders, or $0.17 per diluted share, versus $13.5 million, or $0.11. A $20.2 million loss on early extinguishment of debt was the primary driver of the larger quarterly loss, partly offset by an $8.9 million property-sale gain.
For the nine months ended September 30, 2026, revenue was $438.6 million versus $422.1 million, net loss applicable to Piedmont was $45.0 million versus $40.4 million, and operating cash flow was $116.9 million versus $89.6 million. Its 30 in-service projects totaled approximately 15.3 million square feet and were 87.7% leased as of September 30, 2026.
During the quarter, Piedmont acquired 4075 Wilson Boulevard in Arlington, Virginia, for a net purchase price of $52.0 million; the 186,476-square-foot property was approximately 83% leased. Piedmont OP issued $230.0 million of 2.875% exchangeable senior notes due February 1, 2031. Part of the net proceeds funded repurchases of approximately 5.4 million shares at $9.20 per share for approximately $50 million; the remaining proceeds and other funding sources were used to redeem the remaining $600 Million Unsecured Senior Notes due 2028.
Piedmont Realty Trust, Inc. (PDM) reported that EVP-CFO Sherry L. Rexroad had 15,152 restricted stock units vest and settle in common stock on October 1, 2026. In connection with vesting, 4,446 shares were forfeited and delivered to PDM for tax withholding; that transaction lists a per-share price of $8.81. Her reported post-transaction position was 110,095 restricted stock units.
Piedmont Realty Trust, Inc. (PDM), through its wholly owned subsidiary Piedmont Operating Partnership, LP, issued $230,000,000 of 2.875% Exchangeable Senior Notes due 2031, fully and unconditionally guaranteed by the company. The notes mature on February 1, 2031 and pay interest semi-annually starting February 1, 2027.
The notes are exchangeable into Piedmont common stock at an initial rate of 79.0514 shares per $1,000 principal (initial exchange price about $12.65), with customary anti-dilution adjustments and potential increases upon specified “Make-Whole Fundamental Change” events. Piedmont may settle exchanges in cash or a combination of cash and shares after a 60‑day Observation Period.
The operating partnership intends to use the net proceeds, together with forward sale proceeds, cash on hand and credit facility borrowings, to redeem its outstanding 9.250% senior notes due 2028, including make-whole premium and accrued interest, and used about $50 million to repurchase 5,434,782 common shares in privately negotiated transactions. A related registration rights agreement provides for a resale registration statement and potential additional interest or a 3% Maturity Premium on certain notes if specified registration-related defaults occur.
Piedmont Realty Trust, Inc. (PDM) announced that its operating partnership has priced a private offering of $200,000,000 aggregate principal amount of 2.875% exchangeable senior notes due 2031, with an option for initial purchasers to buy up to an additional $30,000,000. The notes are senior, unsecured obligations of the operating partnership and will be fully and unconditionally guaranteed by Piedmont, with settlement expected on September 17, 2026, subject to customary conditions.
The notes carry a semi-annual coupon, mature on February 1, 2031, and are exchangeable into cash and/or shares at an initial exchange rate of 79.0514 shares per $1,000 (exchange price $12.65, a 37.5% premium to the $9.20 stock price on September 14, 2026). Net proceeds are estimated at $194.3 million (or $223.5 million if the option is fully exercised). Piedmont plans to use a portion of the proceeds, alongside forward equity proceeds, cash and credit facility borrowings, to redeem its 9.250% senior notes due 2028 and pay related premiums and interest, and to repurchase 5,434,782 shares of common stock at $9.20 per share in concurrent privately negotiated transactions.
Piedmont Realty Trust, Inc. (PDM) reports multiple portfolio and capital markets actions. It acquired 4075 Wilson Boulevard, a ~189,000 sq ft Class A office building in Arlington, VA, for approximately $52.7 million. The property is about 83% leased with a weighted-average lease term of 5.5 years, in a Ballston submarket concentrated in defense and cybersecurity tenants. Piedmont also closed the sale of its 10.6-acre Royal Lane land parcel in Dallas for approximately $12 million and entered a contract to sell certain office properties for approximately $80 million, subject to customary conditions.
Separately, Piedmont’s operating partnership plans a private offering of $200 million aggregate principal amount of exchangeable senior notes due 2031, with an option for an additional $30 million. Piedmont will fully and unconditionally guarantee the notes on a senior, unsecured basis. A portion of the net proceeds, together with ATM forward sale proceeds, cash and revolver borrowings, is expected to be used to redeem all outstanding 9.250% senior notes due 2028, including any make-whole premium and accrued interest, and up to approximately $50 million may be used for concurrent repurchases of Piedmont common stock.
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.