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 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.
Vanguard Portfolio Management LLC has filed a Schedule 13G reporting a passive ownership stake in Piedmont Realty Trust Inc. (PDM) common stock. It reports beneficial ownership of 12,582,948 shares, representing 10.1% of the outstanding common stock.
Vanguard Portfolio Management has no sole voting or dispositive power, but reports shared voting power over 48,627 shares and shared dispositive power over 12,582,948 shares. The filing explains that, following an internal realignment at The Vanguard Group, Inc., portfolio management and proxy voting responsibilities are now carried out by Vanguard Portfolio Management LLC and certain affiliates, which are reporting beneficial ownership on a disaggregated basis.
The securities are held in the ordinary course of business, including through Vanguard funds and other managed accounts, and are not held for the purpose of changing or influencing control of Piedmont Realty Trust.
Piedmont Realty Trust, Inc. executive Alex Valente, EVP and Co-COO, reported his beneficial holdings in the company’s equity. He directly owns 54,878 shares of common stock.
He also holds 150,751 unvested deferred stock units, each representing a contingent right to receive one share of common stock or cash at the company’s election. These units generally vest over four years in equal annual installments from each grant date. One tranche of 99,108 deferred stock units granted on October 28, 2024 will vest 100% on October 28, 2029.
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 Operating Partnership, LP, the primary operating subsidiary of Piedmont Realty Trust, Inc., is offering new senior unsecured notes, fully and unconditionally guaranteed by the REIT. The coupon, size, and maturity will be set at pricing.
Piedmont intends to use the net proceeds, together with borrowings under its 2022 line of credit and cash on hand if needed, to fund a concurrent cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028. If the tender offer is not completed, or if proceeds exceed tender consideration, remaining funds may be used for working capital, capital expenditures, other general corporate purposes, or to repay other borrowings.
The notes will rank equally with all other senior unsecured debt of the Operating Partnership and be effectively subordinated to secured debt and subsidiary liabilities. The notes are redeemable at the issuer’s option as described, and will not be listed on any securities exchange.
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 (PDM) reported Q3 2025 results showing stable revenue and higher non-cash costs. Total revenues were $139.2 million, essentially flat year over year, while net loss widened to $13.5 million, or $0.11 per share, largely due to higher depreciation from recent building improvements.
Property performance remained resilient: quarterly NOI was $83.3 million versus $81.2 million a year ago. The portfolio comprised 29 in-service projects totaling approximately 14.9 million square feet and was 89.2% leased as of September 30, 2025.
Capital and liquidity actions were notable. The company upsized its 2024 term loan to $325 million, extended its $600 million unsecured line of credit to June 30, 2028 with two one-year options, and removed a SOFR credit spread adjustment on two facilities, reducing all‑in rates by 10 bps. It repurchased $67.5 million of 2028 notes, recording a $7.5 million extinguishment loss. As of quarter end, $434 million remained available on the revolver and there are no required debt maturities until 2028. Year-to-date capital expenditures were $115.8 million, focused on renovations and tenant improvements.