---
schema_version: "secwatch.filing_event.v1"
accession: "0001042776-25-000031"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T21:55:27.771010+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.68
calibrated_materiality_score: 0.68
confidence: "high"
source: SEC EDGAR
---

# Piedmont Q4 net loss $30M, Core FFO $0.37; guides FY25 lower; 2024 leasing strongest in 9 years

## Summary
- Net loss Q4 $30M ($0.24/diluted), full year net loss $79M ($0.64) vs $48M loss prior year.
- Core FFO per diluted share Q4 $0.37 (vs $0.41 YoY), FY $1.49 (vs $1.74).
- Full-year leasing 2.4M sf (most since 2015); new tenant leasing 1.0M sf; leased % 88.4% up from 87.1%.
- Refinanced term loan to $325M, revolver to $600M, extending maturities; no debt maturities until 2028.
- 2025 guidance: Core FFO $1.38-$1.44; net loss $46-$49M; Same Store NOI flat to +3%.

## SEC filing metadata
- accession: 0001042776-25-000031
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.68
- calibrated_materiality_score: 0.68
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000104277625000031/0001042776-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000104277625000031/pdm-20250213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001042776-25-000031
- JSON: https://secwatch.observer/filing/0001042776-25-000031.json
- Plain text: https://secwatch.observer/filing/0001042776-25-000031.txt

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