Piedmont Q3 Core FFO $0.50/sh flat YoY; narrows 2022 Core FFO guidance to $1.99-$2.01

Piedmont Realty Trust, Inc.

2022-Q3 EPS reported $0.58 revenue$416,558,000

Net income applicable to Piedmont $3.3M ($0.03/diluted share) in Q3 2022, down from $11.3M ($0.09) in Q3 2021.
Core FFO per diluted share $0.50, flat YoY; 2022 guidance narrowed to $1.99-$2.01 per share from $1.99-$2.05.
Q3 leasing included 444,000 sq ft with 33.1% cash rent roll up; year-end leased percentage expected ~87%.
Acquired 1180 Peachtree Street in Atlanta for ~$465M, including assumed $197M mortgage at 4.1% through 2028.
Declared Q4 2022 dividend $0.21/share, payable Jan 3, 2023 to holders of record Nov 25, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Piedmont Realty Trust, Inc. reported financial results for third quarter 2022.

Period: third quarter 2022
Result: reported results

Exact text from the filing

On November 2, 2022, Piedmont Office Realty Trust, Inc. (the "Registrant") issued a press release announcing its financial results for the third quarter 2022

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Piedmont Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001042776-22-000186

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