secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001042776-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.68
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000104277625000031/0001042776-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000104277625000031/pdm-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001042776-25-000031

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