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.
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 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 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.
Sherry L. Rexroad, listed as EVP-CFO of Piedmont Realty Trust, Inc. (PDM), had 15,151 restricted stock units vest and be settled in common stock on 10/01/2025. The filing shows the vesting was the first annual installment from a 60,606-unit grant made on 10/01/2024, with the grant vesting in four equal annual installments. After the settlement, the reporting person is shown with 32,001 shares of common stock beneficially owned (direct) and 90,056 shares total beneficially owned as reflected by outstanding restricted stock units. The form was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.
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.
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.