---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-22-000153"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T07:58:36.972658+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Piedmont Office Realty Q2 core FFO $0.50/shr; acquires 1180 Peachtree for $465M; portfolio 87% leased

## Summary
- Net income $8.0M ($0.06/shr) vs $9.9M ($0.08/shr) YoY; Core FFO $0.50/shr vs $0.48/shr.
- Same Store NOI up 1.8% (cash) and 2.8% (accrual); portfolio 87.0% leased vs 85.5% at year-end 2021.
- Executed 724K sq ft leasing in Q2, including 233K sq ft new tenant leases; weighted-average lease term ~6.5 years.
- Binding contract to buy 1180 Peachtree St, Atlanta for $465M net; expected close Q3 2022; initial NOI yield 6.3%.
- Entered $200M bridge loan; amended credit line to $600M, extended maturity to 2027; Q3 dividend $0.21/shr.

## SEC filing metadata
- accession: 0001042776-22-000153
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000104277622000153/0001042776-22-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277622000153/pdm-20220727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-22-000153
- JSON: https://secwatch.observer/filing/0001042776-22-000153.json
- Plain text: https://secwatch.observer/filing/0001042776-22-000153.txt

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