---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-24-000068"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T03:54:35.852768+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Piedmont Q1 net loss $27.8M on $18.4M impairment; Core FFO $0.39 vs $0.46 YoY

## Summary
- Net loss of $27.8M ($0.22 diluted) vs loss of $1.4M ($0.01) in Q1 2023, including $18.4M impairment charges.
- Core FFO of $0.39 per diluted share vs $0.46 prior year, impacted by $7.6M increase in interest expense.
- Same Store NOI cash basis increased 5.1%; leasing activity of 500K SF, 328K SF new tenant.
- Sold One Lincoln Park (Dallas) for $54M ($210/SF); repaid remaining $50M of 2024 Senior Notes.
- Affirmed 2024 guidance: Core FFO $1.46-$1.56 per diluted share; year-end leased % 87-88%.

## SEC filing metadata
- accession: 0001042776-24-000068
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000104277624000068/0001042776-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277624000068/pdm-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-24-000068
- JSON: https://secwatch.observer/filing/0001042776-24-000068.json
- Plain text: https://secwatch.observer/filing/0001042776-24-000068.txt

## Key facts
- Earnings Releases
  Piedmont Realty Trust, Inc. reported first quarter 2024 results: net income $27.8 million, EPS $0.22 per diluted share.
  - Period: first quarter 2024
  - Net income: $27.8 million
  - EPS: $0.22 per diluted share
  - Result: reported results
  source text: Piedmont recognized a net loss of $27.8 million, or $0.22 per diluted share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042776/000104277624000068/0001042776-24-000068-index.htm

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