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. (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. (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.
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.