Piedmont Realty Trust, Inc.

Piedmont Realty Trust announced strong leasing progress, completing approximately 240,000 square feet in the second quarter, with over 60% from new tenants. This brings the year-to-date leasing volume to about 670,000 square feet. The company's President and CEO, Brent Smith, highlighted elevated demand and nearly 900,000 square feet of leasing executed or in the legal stage for Q2, driving rental rate growth. Piedmont is also participating in the NAREIT REITWeek Investor Conference.

Piedmont Realty Trust, Inc. and its operating partnership, Piedmont Operating Partnership, LP, amended their Term Loan Agreement. The amendment increases the principal amount to $400 million from $325 million and extends the maturity date to May 28, 2031. The agreement also updates the applicable interest rate determination based on the company's debt rating, with the current rate at SOFR + 1.15%. The company retains the option to prepay loans without penalty.

Piedmont Realty Trust, Inc. stockholders approved the Third Amended and Restated Omnibus Incentive Plan at its 2026 Annual Meeting. This plan increases the number of shares available for issuance by 5,000,000, bringing the total to 18,666,667. Additionally, stockholders elected nine directors, ratified Deloitte and Touche, LLP as independent auditors for 2026, and approved executive compensation on an advisory basis.

Piedmont Realty Trust, Inc. reported a net loss of $(12.9) million, or $(0.10) per diluted share, for Q1 2026, compared to a net loss of $(10.1) million, or $(0.08) per diluted share, in Q1 2025. Despite the increased net loss, Core FFO per diluted share remained flat at $0.36. The company demonstrated strong operational performance with Same Store NOI cash growth of 11.1% and significant leasing activity, leading to an increased 2026 outlook for both FFO and Same Store NOI.

Piedmont Realty Trust, Inc. reported a net loss of $(12.9) million for Q1 2026, an increase from $(10.1) million in Q1 2025. Revenue saw a slight increase to $143.3 million. Despite the increased loss, the company significantly improved its net cash provided by operating activities to $28.1 million. The company also noted the expiration of all interest rate swap agreements as of March 31, 2026, and a pending land sale for $12.0 million.

Piedmont Realty Trust (PDM) has announced the release of its financial and operational results for the quarter ended March 31, 2026. The full earnings release and supplemental information are available on the company's investor relations website. Additionally, Piedmont has scheduled a conference call and audio webcast for Friday, May 1, 2026, at 9:00 a.m. ET, where management will review first quarter performance and discuss recent events.