Piedmont Q1 net loss $1.4M; Core FFO $0.46/shr; leasing volume 544K sf; dividend $0.21

Piedmont Realty Trust, Inc.

2023-Q1 EPS reported -$0.01 revenue$142,367,000

Net loss applicable to Piedmont $1.4M vs net income $60.0M in Q1 2022 (incl. $50.7M prior-year gain).
Core FFO per diluted share $0.46, down $0.05 YoY due to $8.2M higher interest expense.
Completed 544K sf of leasing (270K sf new tenant leasing, largest quarterly since 2018).
Affirmed 2023 Core FFO guidance $1.80-$1.90 per share; year-end leased % target 87-88%.
Declared Q2 dividend $0.21/share, payable June 16, 2023 to holders of record May 26.

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 the quarter ended March 31, 2023 results: net income Net income/(loss) applicable to Piedmont $(1,367), EPS Net income/(loss) per share applicable to common stockholders - diluted $(0.01).

Period: the quarter ended March 31, 2023
Net income: Net income/(loss) applicable to Piedmont $(1,367)
EPS: Net income/(loss) per share applicable to common stockholders - diluted $(0.01)
Result: reported results

Exact text from the filing

On May 1, 2023, Piedmont Office Realty Trust, Inc. (the "Registrant") issued a press release announcing its financial results for the first quarter 2023, and published supplemental information for the first quarter 2023 to its website.

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Piedmont Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001042776-23-000111

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