Highest-materiality recent filing
Piedmont Realty ups term loan to $400M, extends maturity to May 2031
Term loan increased by $75M to $400M; existing $325M plus $75M incremental from new and existing lenders.
Piedmont issues $400M 5.625% Senior Notes due 2033 to refinance higher-cost 2028 notes
Issued $400M 5.625% Senior Notes due Jan 15, 2033; interest payable semi-annually starting July 15, 2026.
Piedmont Realty Trust commences cash tender offer for all $532M of 9.250% senior notes due 2028
Principal amount $532,460,000; fixed spread 95 bps over 3.50% UST due Nov 15, 2028.
Piedmont Q4 net loss $30M, Core FFO $0.37; guides FY25 lower; 2024 leasing strongest in 9 years
Net loss Q4 $30M ($0.24/diluted), full year net loss $79M ($0.64) vs $48M loss prior year.
Piedmont Office posts Q3 Core FFO $0.36, down from $0.43 YoY; YTD leasing hits 2M sf
Core FFO per diluted share $0.36 vs $0.43 in Q3 2023; net loss improved to $11.5M from $17.0M.
Piedmont Office Realty Q2 net loss widens to $9.8M, but leasing hits decade-high 1M sf
Net loss of $9.8M ($0.08 diluted) vs $2.0M loss a year ago; Core FFO per share $0.37 vs $0.45.
Piedmont Q1 net loss $27.8M on $18.4M impairment; Core FFO $0.39 vs $0.46 YoY
Net loss of $27.8M ($0.22 diluted) vs loss of $1.4M ($0.01) in Q1 2023, including $18.4M impairment charges.
Piedmont posts Q4 net loss of $28M; Core FFO $0.41 vs $0.50 YoY; guides 2024 Core FFO $1.46-$1.56
Net loss $28M in Q4 (vs $75.6M income in Q4 2022); diluted EPS -$0.23.
Piedmont posts Q3 net loss of $17M; Core FFO down 14% to $0.43; leases 302k sf
Net loss of $17M ($0.14 diluted loss) vs net income of $3.3M ($0.03 EPS) in Q3 2022.
Piedmont Q2 net loss $2.0M ($0.02/sh); issues $400M 9.25% notes; lowers Core FFO guidance
Net loss applicable to Piedmont of $2.0M vs net income $8.0M in Q2 2022; diluted EPS -$0.02 vs +$0.06.
Piedmont issues $400M 9.250% notes due 2028; proceeds for tender of 4.45% notes
Issued $400M aggregate principal of 9.250% Senior Notes due July 20, 2028, with semi-annual interest.
Piedmont Q1 net loss $1.4M; Core FFO $0.46/shr; leasing volume 544K sf; dividend $0.21
Net loss applicable to Piedmont $1.4M vs net income $60.0M in Q1 2022 (incl. $50.7M prior-year gain).
Piedmont Q4 2022: Net income $75.6M, Core FFO $0.50; 2023 guidance Core FFO $1.80-$1.90
Q4 net income $75.6M ($0.61 diluted EPS) vs net loss $31.8M in Q4 2021; includes $101.1M gain on sale of Cambridge, MA assets.
Piedmont Q3 Core FFO $0.50/sh flat YoY; narrows 2022 Core FFO guidance to $1.99-$2.01
Net income applicable to Piedmont $3.3M ($0.03/diluted share) in Q3 2022, down from $11.3M ($0.09) in Q3 2021.
Net income $8.0M ($0.06/shr) vs $9.9M ($0.08/shr) YoY; Core FFO $0.50/shr vs $0.48/shr.
Piedmont OP enters $200M unsecured term loan to fund 1180 Peachtree acquisition
$200M delayed-draw floating-rate unsecured term loan facility entered July 22, 2022.
Piedmont Office Realty Q1 Core FFO $0.51, up 6% YoY; raises 2022 FFO guidance midpoint $0.01
Net income $60M ($0.49 diluted) incl. $50.7M gain on sale; Core FFO $0.51 (up 6% YoY).
Piedmont Office reports Q4 2021 net loss of $31.8M on $41M impairment; Core FFO $0.51/share
Net loss applicable to Piedmont of $31.8M ($0.26 diluted EPS) for Q4 2021; includes $41M impairment on Chicago asset.
Piedmont Q3 Core FFO $0.50/sh; raises guidance; buys 999 Peachtree ($223.9M)
Net income $11.3M ($0.09/sh), Core FFO $62M ($0.50/sh), both up YoY.
Piedmont Office Realty issues $300M 2.750% Notes due 2032, repays term loan
Issued $300M aggregate principal of 2.750% Senior Notes due April 1, 2032.
On February 26, 2025, the Board of Directors of Piedmont Office Realty Trust, Inc. (the "Registrant") appointed Jeffrey J. Donnelly, Deneen L. Donnley, and Stephen E. Lewis to serve as directors of the Registrant, effective February 26, 2025, with committee appointments to be determined at a later date.
On February 26, 2025, the Board of Directors of Piedmont Office Realty Trust, Inc. (the "Registrant") appointed Jeffrey J. Donnelly, Deneen L. Donnley, and Stephen E. Lewis to serve as directors of the Registrant, effective February 26, 2025, with committee appointments to be determined at a later date.
On February 26, 2025, the Board of Directors of Piedmont Office Realty Trust, Inc. (the "Registrant") appointed Jeffrey J. Donnelly, Deneen L. Donnley, and Stephen E. Lewis to serve as directors of the Registrant, effective February 26, 2025, with committee appointments to be determined at a later date.
Ms. Rexroad will succeed Robert Bowers in his role as Executive Vice President & Chief Financial & Administrative Officer.
The board of directors of Piedmont Office Realty Trust, Inc. (the “Company”) has appointed Sherry Rexroad as Chief Financial Officer of the Company, effective November 8, 2024.
appointed Mary Hager to serve as a director of the Registrant, effective December 13, 2022.
On July 27, 2022, the Board of Directors of Piedmont Office Realty Trust, Inc. (the "Registrant") appointed Venkatesh S. Durvasula to serve as a director of the Registrant, effective August 1, 2022.
Max materiality 0.80 · Median 0.53 · Most common event earnings