secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001042776-24-000097
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Office Realty Q2 net loss widens to $9.8M, but leasing hits decade-high 1M sf
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- Net loss of $9.8M ($0.08 diluted) vs $2.0M loss a year ago; Core FFO per share $0.37 vs $0.45.
- Completed over 1M sf of leasing (65 deals), including 404k sf new tenant; cash rent roll-up 15.2%.
- Issued $400M 6.875% senior notes due 2029; repaid line of credit and $25M term loan; addresses maturities.
- 2024 Core FFO guidance narrowed to $182-189M ($1.46-1.52); Same Store NOI growth raised to 2-3%.
- Q3 dividend $0.125/share payable Sept 20; leased percentage 87.3%, with $51M future annual cash rents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277624000097/0001042776-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277624000097/pdm-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001042776-24-000097

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