Piedmont Realty Trust experienced a phenomenal year in 2025, achieving its highest leasing volume in a decade, with accelerating demand across all markets. The company reported a net loss of $43.2 million for Q4 2025, reflecting elevated interest expense and a significant loss on early extinguishment of debt. Despite the net loss, the company saw an increase in its in-service portfolio's leased percentage and record-high rental rates in Sunbelt markets.

Piedmont mostró impulso en el arrendamiento y estabilidad financiera en el segundo trimestre de 2025, con más de 1.1 millones de pies cuadrados arrendados y niveles altos de ocupación en mercados clave.

Piedmont Office Realty Trust, Inc. reported a net loss of $10.1 million for the first quarter of 2025, a significant improvement from the $27.8 million net loss in the first quarter of 2024. The company completed approximately 363,000 square feet of leasing, with about half attributed to new tenant leases, and achieved double-digit rental roll-ups on both cash and GAAP bases.

Piedmont Office Realty Trust reported a net loss of $29.978 million for Q4 2024, an increase from the $28.030 million net loss in Q4 2023, primarily due to impairment charges and elevated interest expense. Despite the net loss, the company achieved its highest annual leasing volume since 2015 and saw positive Same Store NOI growth.

Piedmont Office Realty Trust reported a net loss of $11.5 million for Q3 2024, with Core FFO at $0.36 per diluted share. The company completed 461,000 square feet of leasing, bringing the portfolio to 88.8% leased. The company sold 750 West John Carpenter Freeway, in Dallas, TX for $23 million.

Piedmont Office Realty Trust reported a net loss of $9.8 million for the second quarter of 2024, compared to a net loss of $2.0 million in the same period last year. However, the company achieved its largest quarterly leasing volume in over a decade, completing over one million square feet of leasing, with a cash rental rate roll-up of greater than 15%.

Piedmont Office Realty Trust reported a net loss of $27.8 million for the first quarter of 2024, which included $18.4 million in impairment charges. However, the company experienced strong leasing activity, completing approximately 500,000 square feet of leasing, and Same Store NOI increased by 5.1% on a cash basis.

Piedmont Office Realty Trust reported a net loss of $28.0 million for Q4 2023, compared to a net income of $75.6 million in Q4 2022. However, the company experienced strong leasing activity, completing approximately 816,000 square feet of leasing during the quarter.

Piedmont Office Realty Trust reported a net loss of $17 million for Q3 2023, impacted by an $11 million goodwill impairment charge and increased interest expenses. Despite the loss, the company saw a $2.9 million increase in total revenues and completed approximately 302,000 square feet of leasing transactions. The leased percentage increased to 86.7% as of September 30, 2023.

Piedmont Office Realty Trust reported a net loss of $2.0 million for Q2 2023, compared to a net income of $8.0 million in Q2 2022. Core FFO per diluted share decreased to $0.45 from $0.50 year-over-year, primarily due to increased interest expense. However, the company demonstrated strong leasing activity, completing approximately 581,000 square feet of leasing transactions, with a 14.3% increase in cash rental rates.

Piedmont Office Realty Trust reported a net loss of $1.4 million for Q1 2023, compared to a net income of $60.0 million in Q1 2022. Core FFO per diluted share decreased to $0.46 from $0.51 year-over-year, primarily due to increased interest expense. However, the company saw strong leasing activity, particularly in new tenant leasing, and affirms its year-end leased percentage guidance.

Piedmont Office Realty Trust reported a net income of $75.6 million for the fourth quarter of 2022. The company completed 433,000 square feet of total leasing and disposed of its Cambridge, MA assets, resulting in a $102.6 million gain.

Piedmont Office Realty Trust reported a decrease in net income applicable to Piedmont for the three months ended September 30, 2022, compared to the same period in 2021, due to increased depreciation and amortization expense and higher interest expense. However, the company achieved $0.50 of Core FFO per diluted share, consistent with the third quarter of 2021, driven by successful leasing, rental rate roll ups and asset recycling. The company also acquired 1180 Peachtree Street in Midtown Atlanta for approximately $465 million.

Piedmont Office Realty Trust reported a net income of $8.0 million, or $0.06 per diluted share, and Core Funds From Operations (FFO) of $0.50 per diluted share for the quarter ended June 30, 2022. The company completed significant leasing activities and entered into a contract to purchase 1180 Peachtree Street in Midtown Atlanta.

Piedmont Office Realty Trust reported a net income of $60.0 million, or $0.49 per diluted share, for Q1 2022, compared to $9.3 million, or $0.08 per diluted share, for Q1 2021. Core Funds From Operations (FFO) was $0.51 per diluted share, a 6% increase year-over-year. The company completed approximately 552,000 square feet of leasing and increased the portfolio to 87% leased.

Piedmont Office Realty Trust reported a net loss of $31.8 million, or $0.26 per diluted share, for Q4 2021. Core FFO per share was $0.51. Same Store NOI increased by 5.8% and 5.2% on a cash and accrual basis, respectively. The company completed approximately 400,000 square feet of leasing during the fourth quarter and acquired 999 Peachtree Street in Atlanta, GA for $223.9 million.

Piedmont Office Realty Trust reported a net income of $11.3 million, or $0.09 per diluted share, and Core FFO of $62.0 million, or $0.50 per diluted share, for the quarter ended September 30, 2021. The company also raised and narrowed its 2021 financial guidance to a range of $1.95 to $1.98 per diluted share of Core FFO.

Piedmont Office Realty Trust reported net income of $9.9 million, or $0.08 per diluted share, and Core Funds From Operations of $60.4 million, or $0.48 per diluted share. The company completed over 664,000 square feet of leasing and experienced an approximately 5% increase in Same Store Net Operating Income.

Piedmont Office Realty Trust reported a slight increase in net income and Core FFO for the first quarter of 2021. Leasing activity was strong, with significant renewals and new leases signed. The company also made progress on its ESG initiatives and maintained a healthy balance sheet.

Piedmont Office Realty Trust reported a net income applicable to common stockholders of $22.6 million, or $0.18 per diluted share, for the fourth quarter of 2020. Core Funds From Operations (FFO) was $0.46 per diluted share. The company completed 189,000 square feet of leasing during the quarter and sold a portfolio of three assets in New Jersey for approximately $130 million.

Piedmont Office Realty Trust reported a net income of $8.9 million, or $0.07 per diluted share, for Q3 2020. Core Funds From Operations were $0.48 per diluted share. The company completed 229,000 square feet of leasing and collected approximately 99% of billed tenant receivables.

Piedmont Office Realty Trust reported net income applicable to common stockholders of $192.4 million, or $1.52 per diluted share. The sale of 1901 Market Street for approximately $360 million significantly contributed to the quarter's results, resulting in a $191.4 million gain. Core Funds From Operations increased by 14% to $0.49 per diluted share.

Piedmont Office Realty Trust reported a net income of $8.7 million, or $0.07 per diluted share, for the quarter ended March 31, 2020. The company achieved Core Funds From Operations (Core FFO) of $0.47 per diluted share. They completed approximately 417,000 square feet of leasing and also completed the acquisition of the Dallas Galleria Office Towers.

Piedmont Office Realty Trust reported a net income of $162.5 million, or $1.29 per diluted share, for the fourth quarter of 2019. The company completed significant leasing activity, including the renewal and expansion of the State of New York lease. The sale of 500 West Monroe Street in Chicago contributed to the positive results.