---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-23-000162"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:32:43.373608+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Piedmont posts Q3 net loss of $17M; Core FFO down 14% to $0.43; leases 302k sf

## Summary
- Net loss of $17M ($0.14 diluted loss) vs net income of $3.3M ($0.03 EPS) in Q3 2022.
- Core FFO per diluted share fell to $0.43 from $0.50 YoY; $10.1M higher interest expense and $11M goodwill impairment.
- Leased percentage improved to 86.7% (up 50 bps QoQ); 302k sf leased including 170k sf new tenant leases.
- Post-quarter executed 600k+ sf leases: GE Vernova (77k sf) and US Bancorp renewal (447k sf).
- Issued $400M 9.25% senior notes due 2028, refinanced 2024 maturities; weighted avg debt cost 5.46%.

## SEC filing metadata
- accession: 0001042776-23-000162
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2023-10-30T23:59:59+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/1042776/000104277623000162/0001042776-23-000162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277623000162/pdm-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-23-000162
- JSON: https://secwatch.observer/filing/0001042776-23-000162.json
- Plain text: https://secwatch.observer/filing/0001042776-23-000162.txt

## Key facts
- Earnings Releases
  Piedmont Realty Trust, Inc. reported third quarter 2023 results: net income Net income/(loss) applicable to Piedmont $(17,002), EPS $(0.14).
  - Period: third quarter 2023
  - Net income: Net income/(loss) applicable to Piedmont $(17,002)
  - EPS: $(0.14)
  - Result: reported results
  source text: Net income/(loss) applicable to Piedmont $(17,002) $3,331 Net income/(loss) per share applicable to common stockholders - diluted $(0.14) $0.03
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042776/000104277623000162/0001042776-23-000162-index.htm

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