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 (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 (NYSE: PDM) has filed a $250 million at-the-market (ATM) equity program via a 424(b)(5) prospectus supplement. J.P. Morgan, Morgan Stanley, BofA Securities, TD Securities, Truist and Wells Fargo act as Managers; their affiliated entities may also serve as Forward Purchasers/Sellers. Shares may be issued (i) directly through the Managers, or (ii) via forward sale agreements under which the Forward Purchasers borrow and sell shares, with Piedmont settling later. Commissions are up to 2.0 % of gross sales price.
Net proceeds from primary sales will be contributed to the operating partnership and used for working capital, cap-ex, acquisitions, redevelopment and/or repayment of existing debt—notably the $600 mm unsecured 2022 revolver (drawn $151 mm, matures 2028) and the $325 mm unsecured 2024 term loan (matures 2027, 5.48 % fixed). Piedmont will not initially receive cash from forward-hedge share sales; cash is realized only upon physical settlement, which the company “expects” to pursue, though cash or net-share settlement is optional.
Key risks highlighted include potential dilution, market pressure from share issuances, obligation to deliver shares or cash under accelerated or cash-settled forward agreements, and conflicts of interest because several Managers are also credit facility lenders. Ownership of common shares remains capped at 9.8 % to maintain REIT status.