secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001042776-22-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Office reports Q4 2021 net loss of $31.8M on $41M impairment; Core FFO $0.51/share
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- Net loss applicable to Piedmont of $31.8M ($0.26 diluted EPS) for Q4 2021; includes $41M impairment on Chicago asset.
- Core FFO per share of $0.51 in Q4 2021, up 11% YoY; full-year 2021 Core FFO $1.97/share.
- Same Store NOI increased 5.8% (cash) and 5.2% (accrual) in Q4; portfolio 86% leased as of Dec 31, 2021.
- Acquired 999 Peachtree Street in Atlanta for $223.9M; sold two non-core assets in Jan 2022 for combined $153M.
- Introduced 2022 Core FFO guidance of $1.97-$2.07 per diluted share; Q1 dividend unchanged at $0.21/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277622000026/0001042776-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277622000026/pdm-20220207.htm
  HTML page:      https://secwatch.observer/filing/0001042776-22-000026

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