Earnings ·
Piedmont Realty Trust raises 2026 Core FFO outlook and reports Q3 results
PDMPiedmont Realty Trust, Inc.
Piedmont Realty Trust reported a net loss of $21.0 million for the third quarter of 2026, driven by a $20.2 million loss on early extinguishment of debt from redeeming its 9.25% senior notes. Core FFO per diluted share increased to $0.39 from $0.35 in the prior year period, supported by strong leasing momentum with cash rent roll-ups of 26.2%. The company raised its full-year 2026 Core FFO outlook, narrowing the guidance range to $1.47–$1.57 per diluted share. Piedmont also acquired a Class A office building in Arlington, VA for approximately $52 million and sold a land parcel in Dallas for $12.0 million. The company operates as an owner of Class A office properties primarily in major U.S. Sunbelt markets.