secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001042776-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277624000005/0001042776-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277624000005/pdm-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001042776-24-000005

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