Piedmont Reworks Debt Stack, But What Happens To Core FFO Per Share?

Piedmont Realty Trust, Inc. (NYSE:PDM) said its operating partnership, Piedmont Operating Partnership, LP, priced $200 million of 2.875% exchangeable senior notes due 2031 on Sept. 14, with settlement scheduled for Sept.

Benzinga • Sep 17, 2026

Piedmont Realty Trust Announces Proposed Exchangeable Senior Notes Offering

Atlanta, GA, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. (NYSE: PDM) (“Piedmont”) today announced that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), intends to offer, subject to market and other conditions, $200,000,000 aggregate principal amount of exchangeable senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Piedmont will fully and unconditionally guarantee the notes on a senior, unsecured basis. The Operating Partnership also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $30,000,000 aggregate principal amount of notes.

GlobeNewsWire • Sep 14, 2026

Piedmont Realty Trust Announces Pricing of $200,000,000 Exchangeable Senior Notes Offering

Atlanta, GA, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. (NYSE: PDM) (“Piedmont”) today announced that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), priced its offering of $200,000,000 aggregate principal amount of 2.875% exchangeable senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Piedmont will fully and unconditionally guarantee the notes on a senior, unsecured basis. The issuance and sale of the notes are scheduled to settle on September 17, 2026, subject to customary closing conditions. The Operating Partnership also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $30,000,000 aggregate principal amount of notes.

GlobeNewsWire • Sep 15, 2026

Piedmont Realty: The Turnaround Is Accelerating, And The Market Isn't Ready

Piedmont Realty Trust is accelerating its turnaround, with bullish Q2 2026 results and improving office sector dynamics. PDM's economic lease percentage expanded 270 bps YoY, while rental rate roll-ups reached 14.1%, signaling stronger pricing power and reduced tenant incentives. With 90% of the portfolio renovated and rents still 35–40% below new construction, PDM expects $39M in new annualized cash rents to boost FFO.

Seeking Alpha • Sep 12, 2026

Are Investors Undervaluing Piedmont Realty Trust, Inc. (PDM) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research • Sep 11, 2026

Piedmont Realty Trust Q2 Earnings Call Highlights

Piedmont Realty Trust NYSE: PDM raised its 2026 outlook for a second consecutive quarter after reporting higher leasing activity, rental rates and same-store cash net operating income in the second quarter.

MarketBeat • Jul 30, 2026

Piedmont Realty Trust, Inc. (PDM) Q2 2026 Earnings Call Transcript

Piedmont Realty Trust, Inc. (PDM) Q2 2026 Earnings Call Transcript

Seeking Alpha • Jul 29, 2026

Piedmont Realty Trust, Inc. Releases Second Quarter 2026 Results

Atlanta, GA, July 28, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) has released its financial and operational results for the quarter ended June 30, 2026.  Please visit the Investor Relations section of Piedmont's website at https://investor.piedmontreit.com to access the Earnings Release and Supplemental Information.

GlobeNewsWire • Jul 28, 2026

Piedmont Realty Trust (PDM) Q2 FFO and Revenues Top Estimates

Piedmont Realty Trust (PDM) came out with quarterly funds from operations (FFO) of $0.38 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.36 per share a year ago.

Zacks Investment Research • Jul 28, 2026

Is Piedmont Realty Trust, Inc. (PDM) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research • Jul 24, 2026