Every 8-K that Piedmont Realty Trust, Inc. (PDM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PDM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PDM filings page.
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. 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, Inc. reported results from its 2026 annual stockholders meeting, including approval of an updated long-term incentive plan. Stockholders approved the Third Amended and Restated Omnibus Incentive Plan, which increases the shares of common stock available for equity awards by 5,000,000, from 13,666,667 to 18,666,667. They also elected nine directors to one-year terms expiring in 2027, with each nominee receiving over 92 million votes in favor. Stockholders ratified Deloitte & Touche LLP as independent registered public accountants for the fiscal year ending December 31, 2026, and approved on an advisory basis the compensation of named executive officers.
Piedmont Realty Trust reported first-quarter 2026 results showing stronger property performance but a wider accounting loss. Revenue was $143.3 million, up slightly from $142.7 million a year ago. Net loss was $12.9 million, or $0.10 per share, compared with a $10.1 million loss, mainly due to higher depreciation from recent capital projects.
NAREIT FFO and Core FFO were both $46.0 million, or $0.36 per diluted share, unchanged from first-quarter 2025. Same-store cash NOI rose 11.1%, reflecting rent commencements and abatements burning off, while accrual same-store NOI increased 1.9%. The company executed 431,000 square feet of leasing, including 293,000 square feet with new tenants, with cash rents on recently vacant space rising 11.1% and accrual rents 17.8%.
As of March 31, 2026, the in-service portfolio was 89.3% leased, with economic leased percentage at 81.9%. Total debt principal was $2.27 billion at a 5.51% weighted average interest rate, and there are no maturities until 2028. Management increased and narrowed its 2026 outlook, guiding to NAREIT and Core FFO of $189–$196 million, or $1.49–$1.54 per diluted share, up from $186–$194 million, or $1.47–$1.53.
Piedmont Realty Trust, Inc. reported a 2025 net loss of $83.6M, or $0.67 per share, while generating NAREIT FFO of $139.9M and Core FFO of $177.7M, or $1.41 per diluted share. Fourth-quarter net loss was $43.2M, including a $29.8M loss on early extinguishment of debt.
The company completed about 2.5M square feet of 2025 leasing, its highest annual volume since 2015, lifting the in-service leased percentage to 89.6%. Same-store NOI rose modestly for the year, with mixed quarterly trends on cash and accrual bases.
Piedmont refinanced its capital structure by issuing $400M of 5.625% senior notes due 2033 and repurchasing $245.2M of 9.25% notes due 2028, leaving no debt maturities until 2028 and total debt of $2.25B. For 2026, management guides to NAREIT and Core FFO of $186M–$194M, or $1.47–$1.53 per diluted share, assuming 1.7–2.0M square feet of leasing and 3–6% Same Store NOI growth.
Piedmont Realty Trust, Inc. reported that its Board of Directors appointed Alex Valente, age 40, as Executive Vice President and Co-Chief Operating Officer effective February 3, 2026. Valente has been with the company for nearly 20 years, overseeing leasing, asset management, construction, and redevelopment across many properties.
Since 2019, he has served as Executive Vice President for the Southeast Region and has negotiated leases with some of Piedmont’s largest tenants. The company states there is no family relationship between Valente and any directors or other executive officers. He participates in Piedmont’s Executive Severance Plan as described in its March 21, 2025 annual proxy statement.
Piedmont Realty Trust, Inc., through its operating partnership, has issued $400,000,000 of 5.625% Senior Notes due 2033, fully and unconditionally guaranteed by the company. The notes mature on January 15, 2033 and pay interest semi-annually each January 15 and July 15, starting July 15, 2026.
The indenture includes covenants that limit additional secured and unsecured debt, restrict major mergers or asset sales, and require total unencumbered assets of at least 150% of total unsecured debt. The notes may be redeemed at a make-whole price before November 15, 2032 and at 100% of principal plus interest on or after that date.
The company plans to use the net proceeds, together with its $600 million unsecured credit line and cash on hand if needed, primarily to purchase its operating partnership’s outstanding 9.250% senior notes due 2028 in a tender offer begun substantially concurrently with this offering. Any remaining proceeds may be used for working capital, capital expenditures, other general corporate purposes, or to repay other borrowings.
Piedmont Realty Trust announced that its operating partnership has commenced a cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028. The move targets high‑coupon debt and, if completed, would reduce notes outstanding through repurchases for cash. Additional details are provided in a press release furnished as Exhibit 99.1.
Piedmont Realty Trust (PDM) furnished an 8-K announcing its third quarter 2025 financial results. The company released an earnings press release and supplemental information, both posted to its Investor Relations website and attached as Exhibit 99.1.
The materials were provided under Item 2.02: Results of Operations and Financial Condition and, per SEC rules cited, are deemed furnished and not filed. The report is dated October 27, 2025.
Piedmont Realty Trust, Inc. reported that its wholly owned subsidiary, Piedmont Operating Partnership, LP, has amended its main bank lending agreements. On September 16, 2025, the partnership entered into amendments to both its Revolving Credit Agreement and its Term Loan Agreement.
The amendments remove the credit spread adjustment from interest rates that are based on SOFR, the secured overnight financing rate commonly used as a benchmark for floating-rate loans. This change directly affects how interest is calculated on these credit facilities. The detailed terms of each amendment are provided in the filed exhibits to the agreement descriptions.