Earnings ·
Piedmont Realty Trust, Inc. reported second quarter 2026 financial results, recognizing a net loss of $11.1 million…
PDMPiedmont Realty Trust, Inc.
Piedmont Realty Trust, Inc. reported second quarter 2026 financial results, recognizing a net loss of $11.1 million, or $0.09 per diluted share, compared to a $16.8 million loss in the prior year period. Core FFO per diluted share increased to $0.38 from $0.36, driven by rental rate growth and new lease commencements. Same Store NOI on a cash basis grew 9.0%, while the company executed approximately 459,000 square feet of leasing with cash rent roll-ups of 14.1%. The company amended its $325 million Unsecured Term Loan to increase the principal to $400 million and extend the maturity to May 28, 2031. Management raised its 2026 annual outlook, projecting Core FFO per diluted share between $1.47 and $1.53. Piedmont Realty Trust, Inc. is a real estate investment trust that owns, manages, and develops Class A office properties primarily in major U.S. Sunbelt markets.