Loading...
•
Sep 30, 2021
Piedmont Q3 2021 Earnings Report
Piedmont reported strong financial results, made progress on strategic objectives, and saw new tenant leasing return to pre-pandemic levels.
Key Takeaways
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.
Net income applicable to Piedmont was $11.3 million, or $0.09 per diluted share.
Core Funds From Operations (Core FFO) was $62.0 million, or $0.50 per diluted share.
Same Store Net Operating Income (Same Store NOI) increased by 12% on a cash basis and 5% on an accrual basis.
The company completed approximately 509,000 square feet of leasing, including approximately 221,000 square feet of new tenant leasing.
Forward Guidance
The Company has raised and narrowed its 2021 financial guidance for calendar year 2021 to a range of $1.95 to $1.98 per diluted share of Core FFO, as compared to its previously announced range of $1.90 to $1.96 per diluted share of Core FFO.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...