---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-22-000097"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T03:54:07.030458+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Piedmont Office Realty Q1 Core FFO $0.51, up 6% YoY; raises 2022 FFO guidance midpoint $0.01

## Summary
- Net income $60M ($0.49 diluted) incl. $50.7M gain on sale; Core FFO $0.51 (up 6% YoY).
- Same Store NOI up 5.1% cash, 2.5% accrual; portfolio leased 87% vs 85.5% at Q4 2021.
- Leased 552k sq ft, 243k new tenant leasing (largest quarterly new leasing since 2018).
- Sold Boston asset for $129M (gain ~$49M) and Chicago asset for $24M; Sunbelt now 63% of rent.
- Declared Q2 dividend $0.21/share; raised 2022 Core FFO guidance midpoint to $2.03 from $2.02.

## SEC filing metadata
- accession: 0001042776-22-000097
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000104277622000097/0001042776-22-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277622000097/pdm-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-22-000097
- JSON: https://secwatch.observer/filing/0001042776-22-000097.json
- Plain text: https://secwatch.observer/filing/0001042776-22-000097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.