secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001042776-24-000110
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Office posts Q3 Core FFO $0.36, down from $0.43 YoY; YTD leasing hits 2M sf
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- Core FFO per diluted share $0.36 vs $0.43 in Q3 2023; net loss improved to $11.5M from $17.0M.
- YTD leasing totals ~2M sf, highest first nine months since 2015; portfolio leased 88.8% (up from 87.1% at YE 2023).
- Sold 750 West John Carpenter Freeway in Dallas for $23M in Q3; liquidity $600M line + $133.6M cash.
- Narrowed 2024 Core FFO guidance to $1.48-$1.50 per share from $1.46-$1.52.
- Board declared Q4 dividend of $0.125/share, payable Jan 2, 2025 (unchanged).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277624000110/0001042776-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277624000110/pdm-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001042776-24-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer