secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001042776-22-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277622000097/0001042776-22-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277622000097/pdm-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001042776-22-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer