secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001042776-22-000186
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277622000186/0001042776-22-000186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277622000186/pdm-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001042776-22-000186

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