---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-24-000005"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:21:52.232634+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Piedmont posts Q4 net loss of $28M; Core FFO $0.41 vs $0.50 YoY; guides 2024 Core FFO $1.46-$1.56

## Summary
- Net loss $28M in Q4 (vs $75.6M income in Q4 2022); diluted EPS -$0.23.
- Core FFO $0.41 per diluted share in Q4, down from $0.50; full-year Core FFO $1.74 vs $2.00.
- Leasing 816k sq ft in Q4; annual leasing 2.2M sq ft; new tenant leasing 831k (largest since 2018).
- Issued $200M of 9.25% notes due 2028; new $200M term loan refinanced near-term maturities.
- 2024 guidance: Core FFO $1.46-$1.56; Same Store NOI flat to +2%; annual leasing ~1.5-2M sq ft.

## SEC filing metadata
- accession: 0001042776-24-000005
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000104277624000005/0001042776-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277624000005/pdm-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-24-000005
- JSON: https://secwatch.observer/filing/0001042776-24-000005.json
- Plain text: https://secwatch.observer/filing/0001042776-24-000005.txt

## Key facts
- Earnings Releases
  Piedmont Realty Trust, Inc. reported the fourth quarter 2023, as well as the year ended December 31, 2023 results: net income $(28,030), EPS $(0.23).
  - Period: the fourth quarter 2023, as well as the year ended December 31, 2023
  - Net income: $(28,030)
  - EPS: $(0.23)
  - Result: reported results
  source text: Piedmont recognized a net loss of $28.0 million, or $0.23 per diluted share, for the fourth quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042776/000104277624000005/0001042776-24-000005-index.htm

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