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.
Net income applicable to common stockholders was $22.6 million, or $0.18 per diluted share.
Core Funds From Operations (FFO) was $0.46 per diluted share.
Completed 189,000 square feet of leasing during the fourth quarter.
Sold a portfolio of three assets in New Jersey for approximately $130 million, resulting in a gain of $14.6 million.
Piedmont anticipates Same Store NOI growth in the 3-5% range.
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