---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-23-000147"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:21:29.851144+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Piedmont Q2 net loss $2.0M ($0.02/sh); issues $400M 9.25% notes; lowers Core FFO guidance

## Summary
- Net loss applicable to Piedmont of $2.0M vs net income $8.0M in Q2 2022; diluted EPS -$0.02 vs +$0.06.
- Core FFO $0.45/diluted share vs $0.50 a year ago; increase in interest expense of $9.6M drove the decline.
- Closed $400M senior notes offering at 9.25% due 2028; proceeds to fund tender offer for 2024 notes.
- Leased 581k sq ft in Q2 (70% retention, 14%+ cash rent roll up); leased percentage 86.2% at June 30.
- Revised 2023 Core FFO guidance to $1.74-$1.80/sh from $1.80-$1.90, reflecting higher interest expense.

## SEC filing metadata
- accession: 0001042776-23-000147
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000104277623000147/0001042776-23-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277623000147/pdm-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-23-000147
- JSON: https://secwatch.observer/filing/0001042776-23-000147.json
- Plain text: https://secwatch.observer/filing/0001042776-23-000147.txt

## Key facts
- Earnings Releases
  Piedmont Realty Trust, Inc. reported second quarter 2023 results: net income $(1,988), EPS $(0.02). Guidance reaffirmed.
  - Period: second quarter 2023
  - Net income: $(1,988)
  - EPS: $(0.02)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net income/(loss) applicable to Piedmont $(1,988) $7,966 Net income/(loss) per share applicable to common stockholders - diluted $(0.02) $0.06
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042776/000104277623000147/0001042776-23-000147-index.htm

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