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.
Piedmont Realty Trust director and CEO Christopher Brent Smith reported equity award activity and related tax withholding. On February 17, 2026, he received a grant of 165,854 deferred stock units that vest in four equal annual installments beginning on the anniversary of the grant date.
On February 13, 2026, the final 25% of a prior 150,711 restricted stock unit grant vested, resulting in 37,677 shares settling in Piedmont common stock, with 16,782 shares delivered back to the company to satisfy tax withholding obligations. Following these transactions, his directly held positions include both restricted/deferred stock units and common shares as reported in the filing.
Piedmont Realty Trust, Inc. files its annual report describing a Sunbelt-focused office REIT strategy and portfolio performance. As of June 30, 2025, common stock held by non‑affiliates had a market value of $899,746,764, and 124,849,529 shares were outstanding as of February 12, 2026.
The company owns 29 in‑service office projects and three redevelopment projects totaling about 14.9 million square feet, 89.6% leased, with redevelopment projects 62% leased as of December 31, 2025. Over 70% of annualized lease revenue comes from Sunbelt markets, with a diversified tenant base, no tenant above 5% of revenue, and an average remaining lease term of six years. Piedmont emphasizes BOMA 360 operations, ENERGY STAR and LEED certifications, ESG initiatives, moderate leverage targets of 30–40%, and extensive risk disclosures around office demand, refinancing, cybersecurity, regulation, and REIT tax status.
Cohen & Steers, through several affiliated investment advisers, reported beneficial ownership of 6,698,202 shares of Piedmont Office Realty Trust, Inc. common stock, representing 5.38% of the outstanding class as of the stated date.
Cohen & Steers and Cohen & Steers Capital Management have sole voting power over 3,099,903 shares and sole dispositive power over the full 6,698,202 shares, with no shared voting or dispositive power. The securities are held for the benefit of client and account holders, who are entitled to dividends and sale proceeds.
The filing states that the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Piedmont Office Realty Trust.
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 EVP and Co-COO George M. Wells reported several equity compensation events on February 3, 2026. He received 46,299 shares of common stock without restriction under the 2023-2025 long-term incentive performance share plan, with 20,988 shares delivered back to the company to cover tax withholding.
Separately, 8,803 deferred stock units from a 2025 grant vested and were settled in common stock, and 4,388 of those shares were likewise delivered to the company for taxes. Following these transactions, Wells directly held 146,861 shares of common stock and 73,906 deferred stock units.
Piedmont Realty Trust executive Alex Valente reported multiple equity compensation events on February 3, 2026. He received 32,409 shares of common stock at $0 under the 2023-2025 long-term incentive performance plan, then had 15,054 shares withheld and delivered to the company at $8.39 per share to cover taxes.
Separately, 5,135 deferred stock units vested and were settled in common stock at an effective price of $0, with 2,560 of those shares withheld at $8.39 per share for tax obligations. After these transactions, he directly held 74,808 shares of common stock and 145,616 deferred stock units.
Piedmont Realty Trust EVP of Investments Christopher A. Kollme reported multiple equity-related transactions on February 3, 2026. He received 34,724 shares of common stock granted without restriction under the 2023–2025 long-term incentive performance share plan, bringing his direct holding at that point to 127,920 shares.
To cover tax withholding on this vesting, 15,395 shares were forfeited and delivered to the company at a value of $8.39 per share, reducing his common stock holdings to 112,525 shares. Separately, 4,695 deferred stock units were converted into common stock at a $0 exercise price, with 2,247 of the resulting shares also forfeited for taxes at $8.39 per share, leaving him with 114,973 common shares and 43,681 remaining restricted stock units.
Piedmont Realty Trust, Inc. executive Laura P. Moon, SVP–CAO, reported multiple equity compensation events on February 3, 2026. She received 15,433 shares of common stock at $0 under the performance share component of the 2023–2025 long-term incentive plan, then forfeited 7,632 shares at $8.39 to the company to cover tax withholding.
On the same date, 3,521 deferred stock units vested and were settled into common stock at $0, and 1,755 of those shares were also delivered back to the company at $8.39 for taxes. After these transactions, Moon directly beneficially owned 74,146 shares of Piedmont common stock and 129,581 deferred stock units.
Piedmont Realty Trust EVP-CFO Sherry L. Rexroad reported the vesting and settlement of equity compensation. On February 3, 2026, 11,150 restricted stock units were converted into the same number of Piedmont common shares at an exercise price of $0 per share.
These units were part of a grant of 44,601 deferred stock units awarded on February 3, 2025, vesting in four equal annual installments. The filing shows Rexroad directly owning 43,151 shares of common stock and 78,906 restricted stock units following the transactions.
Piedmont Realty Trust President & CEO Christopher Brent Smith reported multiple equity compensation events on February 3, 2026. He received 296,313 shares of common stock granted without restriction under the 2023–2025 long-term incentive performance share plan, and 39,906 shares of common stock upon vesting and settlement of deferred stock units.
To satisfy tax withholding obligations tied to these vestings, he forfeited and delivered to the company 131,978 shares and 18,410 shares of common stock at $8.39 per share. After these transactions, he directly owned 626,323 shares of Piedmont common stock and held 380,703 restricted stock units.