Piedmont Realty Trust

PDM

Market cap $1.09B

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Atlanta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE: PDM), today announced the results, as of 5:00 p.m., New York City time, on November 19, 2025 (the “Expiration Time”), of the previously announced cash tender offer of its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), to purchase any and all of its outstanding 9.250% senior notes due 2028 (the “notes”). The cash tender offer was announced on November 13, 2025 and was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery, each dated November 13, 2025 (the “Tender Offer Documents”). The following table presents the aggregate principal amount of the notes tendered and not validly withdrawn and the aggregate principal amount of the notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents, in each case, as of the Expiration Time. Capitalized terms used but not defined herein shall have the meaning given to them in the Offer to Purchase.

Atlanta, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE: PDM) today announced the pricing of the cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028 (the “notes”) for the consideration described below by its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”). The table below sets forth the applicable Reference Yield and Consideration for the notes, as calculated at 2:00 p.m., New York City time, today, November 19, 2025, in accordance with the Offer to Purchase.

Atlanta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an offering of $400 million aggregate principal amount of 5.625% senior notes due 2033 at 99.364% of the principal amount. The offering is expected to close on November 20, 2025, subject to the satisfaction of customary closing conditions.

Atlanta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE: PDM) today announced that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has commenced a cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028 (the “notes”) for the consideration described below. Title of Security CUSIP Number / ISIN (1) Principal Amount Outstanding U.S. Treasury Reference Security (2) Bloomberg Reference Page (2) Fixed Spread (2) 9.250% Senior Notes due 2028 720198AG5 /US720198AG56 $ 532,460,000 3.50% UST due November 15, 2028 FIT1 95 bps (1)      No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this press release, the Offer to Purchase (as defined below) or printed on the notes.

Piedmont Office Realty Trust has lagged REIT peers in the VNQ so far in 2025, partially driven by a dividend suspension earlier in the year. Looking ahead to 2026, Core FFO is set to return to growth thanks to commencing rent on recently signed leases. While the Fed still has some way to go towards reaching its 3% neutral rate, PDM is already paying above-market interest on its fixed-rate obligations.

Piedmont Realty Trust, Inc. (NYSE:PDM ) Q3 2025 Earnings Call October 28, 2025 9:00 AM EDT Company Participants Laura Moon - Chief Accounting Officer, Treasurer & Executive VP Christopher Smith - President, CEO & Director George Wells - Executive VP & COO Christopher Kollme - Executive Vice President of Investments & Strategy Sherry Rexroad - Executive VP, CFO & Company Secretary Conference Call Participants Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division Anthony Paolone - JPMorgan Chase & Co, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Michael Lewis - Truist Securities, Inc., Research Division Presentation Laura Moon Chief Accounting Officer, Treasurer & Executive VP Thank you, operator, and good morning, everyone.

While the top- and bottom-line numbers for Piedmont Realty Trust (PDM) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Piedmont Realty Trust (PDM) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.36 per share a year ago.

Atlanta, GA, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) has released its financial and operational results for the third quarter of 2025.  Please visit the Investor Relations section of Piedmont's website at https://investor.piedmontreit.com to access the Earnings Release and Supplemental Information.