secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001042776-23-000111
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277623000111/0001042776-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277623000111/pdm-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001042776-23-000111

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