Piedmont Realty Trust

PDM

Market cap $939M

Piedmont Realty Trust, Inc. (PDM) Q4 2025 Earnings Call Transcript

Piedmont Realty Trust (PDM) came out with quarterly funds from operations (FFO) of $0.35 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.37 per share a year ago.

Atlanta, GA, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) has released its financial and operational results for the fourth quarter and year ended December 31, 2025.  Please visit the Investor Relations section of Piedmont's website at https://investor.piedmontreit.com to access the Earnings Release and Supplemental Information.

Atlanta, GA, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it has promoted Alex Valente to Co- Chief Operating Officer, working alongside George M. Wells, to oversee all property management and asset management areas of the Company. Mr. Valente, who has most recently served as Executive Vice-President of Piedmont's Southeast Region, has been with the Company for almost 20 years and has been responsible for leasing, asset management, construction, and redevelopment activities for numerous assets throughout the Company's portfolio during his tenure, including negotiating leases with some of the Company's largest tenants. In his new role, Mr. Valente will lead new operational initiatives across the firm as well as oversee substantially all of the Company's Eastern portfolio comprised of approximately nine million square feet located in Atlanta, Orlando, Northern Virginia/DC, and Boston.

Atlanta, GA, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2025 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.

Atlanta, GA, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual financial results on Wednesday, February 11, 2026, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, February 12, 2026, at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company's investor relations website. During the conference call, the Company's management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period.

Atlanta, GA, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company leased 2.5 million square feet, or approximately 16% of its portfolio, during 2025, including 679,000 square feet of leases signed during the fourth quarter. Approximately two-thirds of the Company's 2025 leasing related to new tenants, and almost half related to previously vacant space.

Piedmont Realty Trust (PDM) remains deeply undervalued, trading at a P/FFO of 5.2x versus its historical average of 10.26x. I anticipate a dividend reinstatement in 2026, supported by improving leasing trends and FFO growth outlook. Updated Q3 2025 data and sector trends reinforce a forward-looking fair value of approximately $14.50 per share for PDM.

Atlanta, GA, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week's Nareit's REITworld: 2025 Annual Conference in Dallas, TX. The Company has completed over 475,000 square feet of leasing thus far in the fourth quarter, with approximately 275,000 square feet related to new tenants. Almost half of the new tenant leases are for previously vacant space and year-to-date leasing volume now totals approximately 2.3 million square feet.   Approximately 44,000 square feet of the new tenant leases relate to the Company's out-of-service portfolio which is now approximately 60% leased.

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