earnings
confidence high
sentiment positive
materiality 0.75
Piedmont Q3 Core FFO $0.50/sh; raises guidance; buys 999 Peachtree ($223.9M)
Piedmont Realty Trust, Inc.
2021-Q3 EPS reported
$0.25
revenue$390,546,000
- Net income $11.3M ($0.09/sh), Core FFO $62M ($0.50/sh), both up YoY.
- Raised 2021 Core FFO guidance to $1.95-$1.98/sh (from $1.90-$1.96).
- Acquired 999 Peachtree St, Atlanta (622K sf, 77% leased) for $223.9M ($360 psf).
- Under contract to sell 225&235 Presidential Way, Woburn, MA for $129M ($293 psf); close early 2022.
- Issued $300M 2.75% Senior Notes due 2032; repaid $300M unsecured term loan.