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.
Net income applicable to Piedmont was $8.0 million, or $0.06 per diluted share.
Core Funds From Operations (FFO) was $0.50 per diluted share.
Same Store Net Operating Income (NOI) increased by 1.8% and 2.8% on a cash and accrual basis, respectively.
Completed approximately 724,000 square feet of leasing, including 233,000 square feet related to new tenant leasing.
Piedmont narrowed its previously provided guidance for the year ending December 31, 2022.
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