Overview
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- TickerPDM on NYSE1
- IndustryOpeators of Nonresidential Buildings1
- HeadquartersAtlanta, Georgia1
- Incorporated inMD2
- Business address5565 Glenridge Connector, Ste 450, Atlanta, Ga 303422
- Filer categoryLarge accelerated filer2
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Piedmont Realty Trust, Inc. (“Piedmont," "we," "our," or "us") (NYSE: PDM) is a Maryland corporation that operates in a manner so as to qualify as a real estate investment trust (“REIT”) for federal income tax purposes and engages in the ownership, management, development, redevelopment, and operation of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Piedmont was incorporated in 1997 and commenced operations in 1998. Piedmont conducts business through its wholly-owned subsidiary, Piedmont Operating Partnership, L.P. (“Piedmont OP”), a Delaware limited partnership. Piedmont OP owns properties directly, through wholly-owned subsidiaries, and through various joint ventures which it controls. References to Piedmont herein shall include Piedmont and all of its subsidiaries, including Piedmont OP and its subsidiaries and joint ventures.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Real Estate, Other brought in 99% of the revenue Piedmont Realty Trust, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Real Estate, Other | $20.7M | $24.5M | $26.7M |
| Management Service | $1.7M | $1.7M | $348.0K |
Business segments
Atlanta, GA brought in 33% of the revenue Piedmont Realty Trust, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Atlanta, GA | $161.3M | $172.1M | $180.0M |
| Dallas, TX | $111.6M | $108.3M | $102.3M |
| Orlando, FL | $61.7M | $59.5M | $65.8M |
| New York, NY | $54.0M | $55.9M | $58.5M |
| Northern Virginia/Washington D.C. | $60.3M | $58.8M | $51.7M |
| Minneapolis, MN | $63.7M | $48.6M | $45.2M |
| Boston, MA | $42.8M | $45.8M | $41.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$565.0M
- Income tax0¢$1.0K
Out of $565.0M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid22¢$30.9M
- Kept or used elsewhere78¢$109.7M
Out of $140.6M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental and tenant reimbursement revenue | $538.0M | $544.1M | $555.3M |
| Total revenues | $565.0M | $570.3M | $577.8M |
| Property operating costs | $227.9M | $234.1M | $235.1M |
| Depreciation | $166.5M | $156.8M | $148.5M |
| Amortization | $60.6M | $69.7M | $87.8M |
| Impairment charges | $0 | $33.8M | $29.4M |
| General and administrative | $30.6M | $35.4M | $29.2M |
| Total expenses | $485.5M | $529.9M | $529.9M |
| Interest expense | -$128.0M | -$123.0M | -$101.3M |
| Other income | $734.0K | $4.3M | $3.9M |
| Loss on early extinguishment of debt | -$37.8M | -$386.0K | -$820.0K |
| Gain/(loss) on sale of real estate assets | $2.0M | -$445.0K | $1.9M |
| Total other income (expense) | -$163.0M | -$119.5M | -$96.2M |
| Net loss | -$83.6M | -$79.1M | -$48.4M |
| Net income applicable to noncontrolling interest | -$19.0K | -$5.0K | -$10.0K |
| Net loss applicable to Piedmont | -$83.6M | -$79.1M | -$48.4M |
| Net loss applicable to common stockholders - basic (in dollars per share) | -$0.67 | -$0.64 | -$0.39 |
| Net loss applicable to common stockholders - diluted (in dollars per share) | -$0.67 | -$0.64 | -$0.39 |
| Weighted-average shares outstanding - basic (in shares) | 124.4M shares | 123.9M shares | 123.7M shares |
| Weighted-average shares outstanding - diluted (in shares) | 124.4M shares | 123.9M shares | 123.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $545.1M | $552.7M | ||
| Buildings and improvements, less accumulated depreciation of $1,278,600 and $1,150,892 as of December 31, 2025 and December 31, 2024, respectively | $2.8B | $2.7B | ||
| Intangible lease assets, less accumulated amortization of $73,824 and $75,982 as of December 31, 2025 and December 31, 2024, respectively | $44.4M | $60.5M | ||
| Construction in progress | $44.6M | $104.1M | ||
| Total real estate assets | $3.4B | $3.5B | ||
| Cash and cash equivalents | $731.0K | $109.6M | $825.0K | $16.5M |
| Tenant receivables | $6.2M | $5.5M | ||
| Straight-line rent receivables | $214.3M | $193.8M | ||
| Restricted cash and escrows | $3.1M | $4.2M | $3.4M | $3.1M |
| Prepaid expenses and other assets | $20.9M | $25.8M | ||
| Goodwill | $53.5M | $53.5M | $53.5M | |
| Interest rate swaps | $0 | $671.0K | ||
| Deferred lease costs, less accumulated amortization of $209,155 and $204,150 as of December 31, 2025 and December 31, 2024, respectively | $311.1M | $260.3M | ||
| Total assets | $4.0B | $4.1B | ||
| Unsecured debt, net of discount and unamortized debt issuance costs of $23,368 and $20,077 as of December 31, 2025 and December 31, 2024, respectively | $2.0B | $2.0B | ||
| Secured debt | $188.8M | $192.4M | ||
| Accounts payable, accrued expenses, and accrued capital expenditures | $172.9M | $149.0M | ||
| Dividends payable | $0 | $15.3M | ||
| Deferred income | $112.1M | $107.0M | ||
| Intangible lease liabilities, less accumulated amortization of $35,036 and $33,641 as of December 31, 2025 and December 31, 2024, respectively | $24.8M | $32.8M | ||
| Interest rate swaps | $111.0K | $8.0K | ||
| Total liabilities | $2.5B | $2.5B | ||
| Commitments and Contingencies (Note 7) | $0 | $0 | ||
| Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2025 or December 31, 2024 | $0 | $0 | ||
| Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2025 or December 31, 2024 | $0 | $0 | ||
| Common stock, $0.01 par value; 750,000,000 shares authorized, 124,519,278 shares issued and outstanding as of December 31, 2025; and 124,083,038 shares issued and outstanding at December 31, 2024 | $1.2M | $1.2M | ||
| Additional paid-in capital | $3.7B | $3.7B | ||
| Cumulative distributions in excess of earnings | -$2.2B | -$2.1B | ||
| Accumulated other comprehensive loss | -$9.0M | -$10.1M | ||
| Piedmont stockholders equity | $1.5B | $1.6B | ||
| Noncontrolling interest | $1.5M | $1.5M | ||
| Total stockholders equity | $1.5B | $1.6B | $1.7B | $1.8B |
| Total liabilities and stockholders equity | $4.0B | $4.1B | ||
| Buildings and improvements, accumulated depreciation | $1.3B | $1.2B | ||
| Less Accumulated Amortization | $73.8M | $76.0M | ||
| Deferred lease costs, accumulated amortization | $209.2M | $204.2M | ||
| Discount (premium) and unamortized debt issuance costs | $23.4M | $20.1M | ||
| Intangible lease liabilities, accumulated amortization | $35.0M | $33.6M | ||
| Shares-in-trust, shares authorized (in shares) | 150.0M shares | 150.0M shares | ||
| Shares-in-trust, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Preferred stock, par value (in dollars per share) | $0 | $0 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued (in shares) | 124.5M shares | 124.1M shares | ||
| Common stock, shares outstanding (in shares) | 124.5M shares | 124.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $545.1M | $552.7M | ||
| Buildings and improvements, less accumulated depreciation of $1,278,600 and $1,150,892 as of December 31, 2025 and December 31, 2024, respectively | $2.8B | $2.7B | ||
| Intangible lease assets, less accumulated amortization of $73,824 and $75,982 as of December 31, 2025 and December 31, 2024, respectively | $44.4M | $60.5M | ||
| Construction in progress | $44.6M | $104.1M | ||
| Total real estate assets | $3.4B | $3.5B | ||
| Cash and cash equivalents | $731.0K | $109.6M | $825.0K | $16.5M |
| Tenant receivables | $6.2M | $5.5M | ||
| Straight-line rent receivables | $214.3M | $193.8M | ||
| Restricted cash and escrows | $3.1M | $4.2M | $3.4M | $3.1M |
| Prepaid expenses and other assets | $20.9M | $25.8M | ||
| Goodwill | $53.5M | $53.5M | $53.5M | |
| Interest rate swaps | $0 | $671.0K | ||
| Deferred lease costs, less accumulated amortization of $209,155 and $204,150 as of December 31, 2025 and December 31, 2024, respectively | $311.1M | $260.3M | ||
| Total assets | $4.0B | $4.1B | ||
| Unsecured debt, net of discount and unamortized debt issuance costs of $23,368 and $20,077 as of December 31, 2025 and December 31, 2024, respectively | $2.0B | $2.0B | ||
| Secured debt | $188.8M | $192.4M | ||
| Accounts payable, accrued expenses, and accrued capital expenditures | $172.9M | $149.0M | ||
| Dividends payable | $0 | $15.3M | ||
| Deferred income | $112.1M | $107.0M | ||
| Intangible lease liabilities, less accumulated amortization of $35,036 and $33,641 as of December 31, 2025 and December 31, 2024, respectively | $24.8M | $32.8M | ||
| Interest rate swaps | $111.0K | $8.0K | ||
| Total liabilities | $2.5B | $2.5B | ||
| Commitments and Contingencies (Note 7) | $0 | $0 | ||
| Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2025 or December 31, 2024 | $0 | $0 | ||
| Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2025 or December 31, 2024 | $0 | $0 | ||
| Common stock, $0.01 par value; 750,000,000 shares authorized, 124,519,278 shares issued and outstanding as of December 31, 2025; and 124,083,038 shares issued and outstanding at December 31, 2024 | $1.2M | $1.2M | ||
| Additional paid-in capital | $3.7B | $3.7B | ||
| Cumulative distributions in excess of earnings | -$2.2B | -$2.1B | ||
| Accumulated other comprehensive loss | -$9.0M | -$10.1M | ||
| Piedmont stockholders equity | $1.5B | $1.6B | ||
| Noncontrolling interest | $1.5M | $1.5M | ||
| Total stockholders equity | $1.5B | $1.6B | $1.7B | $1.8B |
| Total liabilities and stockholders equity | $4.0B | $4.1B | ||
| Buildings and improvements, accumulated depreciation | $1.3B | $1.2B | ||
| Less Accumulated Amortization | $73.8M | $76.0M | ||
| Deferred lease costs, accumulated amortization | $209.2M | $204.2M | ||
| Discount (premium) and unamortized debt issuance costs | $23.4M | $20.1M | ||
| Intangible lease liabilities, accumulated amortization | $35.0M | $33.6M | ||
| Shares-in-trust, shares authorized (in shares) | 150.0M shares | 150.0M shares | ||
| Shares-in-trust, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Preferred stock, par value (in dollars per share) | $0 | $0 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued (in shares) | 124.5M shares | 124.1M shares | ||
| Common stock, shares outstanding (in shares) | 124.5M shares | 124.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$83.6M | -$79.1M | -$48.4M |
| Depreciation | $166.5M | $156.8M | $148.5M |
| Amortization of debt issuance costs inclusive of settled interest rate swaps | $8.1M | $6.8M | $5.9M |
| Other amortization | $57.6M | $64.1M | $78.4M |
| Impairment charges | $0 | $33.8M | $29.4M |
| Loss on early extinguishment of debt | $37.8M | $386.0K | $287.0K |
| Reduction of general reserve for uncollectible accounts | $0 | $0 | -$1.0M |
| Stock compensation expense | $9.7M | $9.6M | $8.1M |
| Gain on sale of real estate assets | -$2.0M | $445.0K | -$1.9M |
| Increase in tenant and straight-line rent receivables | -$23.6M | -$11.8M | -$14.1M |
| Decrease/(increase) in prepaid expenses and other assets | $3.4M | $1.0M | -$10.7M |
| Increase/(decrease) in accounts payable and accrued expenses | -$18.2M | $14.4M | $19.3M |
| Increase/(decrease) in deferred income | -$15.1M | $1.6M | -$3.5M |
| Net cash provided by operating activities | $140.6M | $198.1M | $210.1M |
| Capitalized expenditures | -$157.2M | -$212.1M | -$158.2M |
| Sales proceeds from wholly-owned properties | $31.4M | $74.9M | $1.9M |
| Deferred lease costs paid | -$49.5M | -$49.4M | -$39.8M |
| Net cash used in investing activities | -$175.3M | -$186.6M | -$196.0M |
| Debt issuance and other costs paid | -$1.7M | -$2.4M | -$2.3M |
| Proceeds from debt | $998.0M | $919.0M | $1.4B |
| Repayments of debt | -$1.0B | -$754.6M | -$1.3B |
| Premiums paid and costs to repurchase senior notes | -$35.6M | $0 | $0 |
| Costs of issuance of common stock | -$604.0K | -$185.0K | $0 |
| Value of shares withheld for payment of taxes related to employee stock compensation | -$2.3M | -$1.8M | -$1.8M |
| Dividends paid | -$30.9M | -$61.9M | -$93.1M |
| Net cash (used in)/provided by financing activities | -$75.3M | $98.2M | -$29.5M |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash and escrows | -$110.1M | $109.7M | -$15.4M |
No quarter-by-quarter statement was filed.
Corporate structure
Piedmont Realty Trust, Inc. sits at the top of its group. 77 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Piedmont Realty Trust, Inc.
- Cohen & Steers Filed SCHEDULE 13G/A on Piedmont Realty Trust, Inc., latest Aug 14, 2026 (2 filings since Feb 13, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Piedmont Realty Trust, Inc., latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Piedmont Realty Trust, Inc., latest Mar 26, 2026 (4 filings since Feb 10, 2022)
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Piedmont Realty Trust, Inc., latest Feb 5, 2026
- BlackRock Filed SCHEDULE 13G/A on Piedmont Realty Trust, Inc., latest Apr 29, 2025 (6 filings since Jan 26, 2022)
- State Street Corporation Filed SC 13G/A on Piedmont Realty Trust, Inc., latest Oct 18, 2024 (2 filings since Jan 29, 2024)
- Piedmont Realty Trust, Inc. Atlanta, Georgia
- 1201 Equity LLC Subsidiary · Delaware, United States
- 1201 Eye Street, N.W. Associates LLC Subsidiary · Delaware, United States
- 1215 ESDI, LLC Subsidiary · Delaware, United States
- 1225 Equity LLC Subsidiary · Delaware, United States
- 1225 Eye Street, N.W. Associates LLC Subsidiary · Delaware, United States
- 400 TownPark, LLC Subsidiary · Delaware, United States
- 400 Virginia Avenue LLC Subsidiary · Delaware, United States
- 4250 N. Fairfax Owner, LLC Subsidiary · Delaware, United States
- 4250 North Fairfax Property LLC Subsidiary · Delaware, United States
- Enclave Place, GP, LLC Subsidiary · Delaware, United States
- Enclave Place, LP Subsidiary · Delaware, United States
- Gavitello Atlanta, LLC Subsidiary · Delaware, United States
- Glenridge Highlands III, LLC Subsidiary · Delaware, United States
- Medici Atlanta, LLC Subsidiary · Delaware, United States
- Meridian Crossings, LLC Subsidiary · Delaware, United States
- Piedmont - 1430 Enclave Parkway, GP, LLC Subsidiary · Delaware, United States
- Piedmont - 1430 Enclave Parkway, L.P. Subsidiary · Delaware, United States
- Piedmont - 3100 Clarendon LLC Subsidiary · Delaware, United States
- Piedmont - 800 Nicollet Avenue Owner, LLC Subsidiary · Delaware, United States
- Piedmont - 800 Nicollet Avenue Springing Member, LLC Subsidiary · Delaware, United States
- Piedmont - 800 Nicollet Avenue, LLC Subsidiary · Delaware, United States
- Piedmont - Las Colinas Corporate Center I, GP, LLC Subsidiary · Delaware, United States
- Piedmont - Las Colinas Corporate Center I, LP Subsidiary · Delaware, United States
- Piedmont - Las Colinas Corporate Center II, GP, LLC Subsidiary · Delaware, United States
- Piedmont - Las Colinas Corporate Center II, LP Subsidiary · Delaware, United States
- and 51 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Piedmont Realty Trust, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $545.1M5 Dec 31, 2025 | $552.7M5 Dec 31, 2024 | −1.4% |
| Construction in progress | $44.6M5 Dec 31, 2025 | $104.1M5 Dec 31, 2024 | −57.2% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $3.4B5 Dec 31, 2025 | $3.5B5 Dec 31, 2024 | −1.1% |
| Real estate accumulated depreciation | $1.3B5 Dec 31, 2025 | $1.2B5 Dec 31, 2024 | +11.1% |
| Real estate properties | 295 Dec 31, 2025 | 309 Dec 31, 2024 | −3.3% |
| Area of real estate | 14.9 million sq ft5 Dec 31, 2025 | 15.3 million sq ft9 Dec 31, 2024 | −2.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $731.0K5 Dec 31, 2025 | $109.6M5 Dec 31, 2024 | −99.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $53.5M5 Dec 31, 2025 | $53.5M5 Dec 31, 2024 | 0% |
| Accumulated amortization | $73.8M5 Dec 31, 2025 | $76.0M5 Dec 31, 2024 | −2.8% |
| Finite-lived intangibles, net | $44.4M5 Dec 31, 2025 | $60.5M5 Dec 31, 2024 | −26.6% |
Properties, in its own words
As of December 31, 2025, we owned and operated a portfolio comprised of 29 in-service projects and three redevelopment projects. As of December 31, 2025 and 2024, our in-service portfolio was 89.6% and 88.4% leased, respectively, with an average lease term remaining as of each period end of six years. As of December 31, 2025, our average lease size was approximately 14,000 square feet, and no single tenant accounts for more than 5% of our ALR.
ALR related to our in-service portfolio was $578.7 million, or $43.31 per leased square foot, as of December 31, 2025 as compared with $567.3 million, or $41.91 per leased square foot, as of December 31, 2024.
The rest of Item 2
Property Statistics
The following table shows the geographic diversification of our in-service portfolio as of December 31, 2025:
Location · AnnualizedLease Revenue(in thousands) · Rentable SquareFeet(in thousands) · Percentage ofAnnualizedLease Revenue (%) · Percent Leased (%)
Atlanta · 185,462 · 4,731 · 32.0 · 94.4
Dallas · 114,331 · 2,821 · 19.7 · 93.2
Orlando · 67,671 · 1,754 · 11.7 · 94.4
Northern Virginia / Washington, D.C. · 57,111 · 1,584 · 9.9 · 69.1
New York · 54,946 · 1,047 · 9.5 · 92.7
Minneapolis · 44,431 · 1,434 · 7.7 · 83.5
Boston · 34,079 · 936 · 5.9 · 84.6
Other (1) · 20,691 · 614 · 3.6 · 91.2
578,722 · 14,921 · 100.0 · 89.6
(1)Includes 1430 Enclave Parkway and Enclave Place in Houston, Texas.
The following table shows lease expirations of our in-service office portfolio as of December 31, 2025 during each of the next twelve years and thereafter, assuming no exercise of renewal options or termination rights:
Year of Lease Expiration · AnnualizedLease Revenue(in thousands) · Percentage ofAnnualizedLease Revenue (%)
2025(1) · 2,938 · 0.5
2026 · 55,048 · 9.5
2027 · 56,136 · 9.7
2028 · 50,769 · 8.8
2029 · 54,270 · 9.4
2030 · 58,690 · 10.2
2031 · 45,335 · 7.8
2032 · 40,110 · 6.9
2033 · 14,120 · 2.4
2034 · 50,978 · 8.8
2035 · 31,943 · 5.5
2036 · 26,720 · 4.6
2037 · 48,928 · 8.5
Thereafter · 42,737 · 7.4
578,722 · 100.0
(1) Includes leases with an expiration date of December 31, 2025, comprised of approximately 80,000 square feet.
Certain Restrictions Related to our Properties
As of December 31, 2025, only 1180 Peachtree Street in Atlanta, Georgia was held as collateral for debt, and there were no properties subject to underlying ground leases. Refer to Schedule III listed in the index of Item 15(a) of this report, for further details regarding our properties as of December 31, 2025.
Item 2 of the 10-K filed Feb 17, 2026.4
Leadership
Who has led Piedmont Realty Trust, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
2010201520202025
- PresidentLeo F. Wells Iii. Feb 13, 2006 to Feb 13, 200615
- Chief financial officerSherry L. Rexroad Nov 8, 2024 to now16
- Chief financial officerRobert E. Bowers Apr 25, 2007 to Feb 27, 202417
- Chief operating officerAlex Valente Feb 3, 2026 to now18
Board members and other officers (31)
- EVP - Finance & TreasurerEdward H. Guilbert Iii. May 23, 2019 to Oct 3, 202319
- EVP- Southeast RegionAlex Valente Aug 5, 2019 to Feb 27, 202320
- EVP- Finance and StrategyChristopher A. Kollme Mar 21, 2018 to now21
- EVP-Midwest RegionThomas R. Prescott Oct 6, 2014 to Dec 9, 202222
- EVP- Southwest RegionJoseph H. Pangburn Oct 30, 2014 to Nov 18, 202223
- EVP-Mid AtlanticRobert K. Wiberg Nov 7, 2012 to now24
- Executive VP- Real Estate OpsCarroll A. Reddic Iv. Apr 25, 2007 to Jul 1, 201925
- Chief Accounting OfficerLaura P. Moon Apr 25, 2007 to now26
- Executive VP- Capital MarketsRaymond Lee Owens Apr 25, 2007 to May 26, 201727
- Sr. VPRandy Fretz Feb 13, 2006 to Feb 13, 200728
- Board memberDeneen L. Donnley Feb 27, 2025 to now29
- Board memberJeffrey Donnelly Feb 27, 2025 to now30
- Board memberStephen E. Lewis Feb 27, 2025 to now31
- Board memberVenkatesh S. Durvasula Aug 5, 2022 to now32
- Board memberMary M. Hager Dec 14, 2022 to now33
- Board memberKelly Hefner Barrett Mar 1, 2016 to now34
- Board memberBarbara B. Lang Jan 5, 2015 to now35
- Board memberDale H. Taysom Oct 2, 2015 to now36
- Board memberRaymond G. Milnes Jr. Dec 19, 2011 to May 17, 201837
- Board memberFrank C. McDowell Jun 19, 2008 to May 8, 202438
- Board memberJeffrey L. Swope Oct 15, 2008 to May 8, 202439
- Board memberLeo F. Wells Iii. Feb 13, 2007 to Apr 18, 200740
- Board memberWesley E. Cantrell Aug 13, 2007 to May 12, 202241
- Board memberBud Carter Feb 13, 2006 to Feb 13, 200742
- Board memberNeil H. Strickland Feb 13, 2006 to Feb 13, 200743
- Board memberWalter W. Sessoms Feb 13, 2006 to Feb 13, 200744
- Board memberDonald S. Moss Apr 12, 2006 to May 16, 201445
- Board memberMichael R. Buchanan Jul 20, 2006 to May 16, 201746
- Board memberRichard W. Carpenter Jul 20, 2006 to Jul 20, 200647
- Board memberW. Wayne Woody Jul 20, 2006 to May 16, 201448
- Board memberWilliam H. Keogler Jr. Jul 20, 2006 to May 13, 201549
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1201 Equity LLC Delaware3
- 1201 Eye Street, N.W. Associates LLC Delaware3
- 1215 ESDI, LLC Delaware3
- 1225 Equity LLC Delaware3
- 1225 Eye Street, N.W. Associates LLC Delaware3
- 400 TownPark, LLC Delaware3
- 400 Virginia Avenue LLC Delaware3
- 4250 N. Fairfax Owner, LLC Delaware3
- 4250 North Fairfax Property LLC Delaware3
- Enclave Place, GP, LLC Delaware3
- Enclave Place, LP Delaware3
- Gavitello Atlanta, LLC Delaware3
- Glenridge Highlands III, LLC Delaware3
- Medici Atlanta, LLC Delaware3
- Meridian Crossings, LLC Delaware3
- Piedmont - 1430 Enclave Parkway, GP, LLC Delaware3
- Piedmont - 1430 Enclave Parkway, L.P. Delaware3
- Piedmont - 3100 Clarendon LLC Delaware3
- Piedmont - 800 Nicollet Avenue Owner, LLC Delaware3
- Piedmont - 800 Nicollet Avenue Springing Member, LLC Delaware3
- Piedmont - 800 Nicollet Avenue, LLC Delaware3
- Piedmont - Las Colinas Corporate Center I, GP, LLC Delaware3
- Piedmont - Las Colinas Corporate Center I, LP Delaware3
- Piedmont - Las Colinas Corporate Center II, GP, LLC Delaware3
All 76 listed subsidiaries
- Piedmont - Las Colinas Corporate Center II, LP Delaware3
- Piedmont - Las Colinas Springing Member, LLC Delaware3
- Piedmont 100 Galleria, LLC Delaware3
- Piedmont 1155 PCW, LLC Delaware3
- Piedmont 1180 Peachtree, LLC Delaware3
- Piedmont 200 & 250 South Orange Avenue, LLC Delaware3
- Piedmont 200 Galleria Owner, LLC Delaware3
- Piedmont 200 Galleria, LLC Delaware3
- Piedmont 25 Mall Road, LLC Delaware3
- Piedmont 300 Galleria, LLC Delaware3
- Piedmont 400 Galleria, LLC Delaware3
- Piedmont 5 & 15 Wayside, LLC Delaware3
- Piedmont 5 Wall Street Burlington, LLC Delaware3
- Piedmont 500 Galleria Land, LLC Delaware3
- Piedmont 500 Galleria Roundabout, LLC Delaware3
- Piedmont 500 TownPark, LLC Delaware3
- Piedmont 501 W Church Street, LLC Delaware3
- Piedmont 60 Broad Street, LLC Delaware3
- Piedmont 600 Galleria, LLC Delaware3
- Piedmont 6565 MacArthur Boulevard GP, LLC Delaware3
- Piedmont 6565 MacArthur Boulevard, LP Delaware3
- Piedmont 9320 Excelsior, LLC Delaware3
- Piedmont 999 Peachtree One, LLC Delaware3
- Piedmont 999 Peachtree Two, LLC Delaware3
- Piedmont Dallas Galleria, LLC Delaware3
- Piedmont Galleria Common Areas, LLC Delaware3
- Piedmont Galleria Park, LLC Delaware3
- Piedmont Glenridge Highlands One, LLC Delaware3
- Piedmont Government Services, LLC Georgia3
- Piedmont HBC, LLC Delaware3
- Piedmont Leasing, LLC Delaware3
- Piedmont Lending II, LLC Delaware3
- Piedmont Norman Pointe I, LLC Delaware3
- Piedmont Office Holdings II, Inc. Georgia3
- Piedmont Office Holdings, Inc. Georgia3
- Piedmont Office Management, LLC Georgia3
- Piedmont One Wayside, LLC Delaware3
- Piedmont Operating Partnership, LP Delaware3
- Piedmont Park Place GP, LLC Delaware3
- Piedmont Park Place, LP Delaware3
- Piedmont Royal Lane GP, LLC Delaware3
- Piedmont Royal Lane, LP Delaware3
- Piedmont SOAB Building, LLC Delaware3
- Piedmont Towers Orlando Member, LLC Delaware3
- Piedmont TownPark Land, LLC Delaware3
- Piedmont Washington Properties, Inc. Maryland3
- Piedmont – 901 N. Glebe, LLC Delaware3
- Piedmont-CNL Towers Orlando Owner, LLC Delaware3
- Piedmont-CNL Towers Orlando, LLC Delaware3
- TTF Lending LLC Delaware3
- TZO Lending LLC Delaware3
- Upper Tier Piedmont 1180 Peachtree, LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Sep 17, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares50
- Sep 15, 20268-K Other events51
- Sep 14, 20268-K Other events52
- Jul 28, 20268-K Results of operations53
- May 28, 20268-K Entered a material agreement; New debt or obligation54
- May 12, 20268-K Executive or director change; Shareholder vote55
- Apr 30, 20268-K Results of operations56
- Feb 11, 20268-K Results of operations57
- Feb 3, 20268-K Executive or director change58
- Nov 20, 20258-K Entered a material agreement; New debt or obligation; Other events59
- Nov 13, 20258-K Regulation FD disclosure60
- Oct 27, 20258-K Results of operations61
Calendar
Coming up
- Oct 26, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.35 a share, on Oct 27, 2025.62
When it reported results
- Jul 28, 2026Reported quarterly or annual results53
- Apr 30, 2026Reported quarterly or annual results56
- Feb 11, 2026Reported quarterly or annual results57
- Oct 27, 2025Reported quarterly or annual results61
- Jul 28, 2025Reported quarterly or annual results63
- Apr 28, 2025Reported quarterly or annual results64
- Feb 13, 2025Reported quarterly or annual results65
- Oct 24, 2024Reported quarterly or annual results66
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
351 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 225 insider forms, 16 large holders, 37 other. The latest 20:
- Oct 2, 20264 EDGAR
- Sep 17, 20268-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 14, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Jul 28, 20268-K FORM 8-K 7.28.26 EDGAR
- Jul 28, 202610-Q FORM 10-Q 6-30-26 EDGAR
- May 28, 20268-K EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 12, 2026S-8 EDGAR
- May 12, 20268-K FORM 8-K 5.12.26 EDGAR
- Apr 30, 2026SCHEDULE 13G EDGAR
- Apr 30, 20268-K FORM 8-K 4.30.26 EDGAR
The 351 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
19 open-market trades by officers, directors and large owners since October 2021: 18 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 2, 2025 | Smith Christopher BrentPresident & Chief Exec. Off | Buy | 16,615 | $6.59 | $109.5K | Form 4 |
| May 1, 2025 | Taysom Dale H.Director | Buy | 3,000 | $6.00 | $18.0K | Form 4 |
| May 1, 2025 | REXROAD SHERRY LEVP-CFO | Buy | 16,850 | $5.95 | $100.3K | Form 4 |
| Mar 20, 2023 | BARRETT KELLY HEFNERDirector | Buy | 10,000 | $7.05 | $70.5K | Form 4 |
| Mar 20, 2023 | Taysom Dale H.Director | Buy | 2,000 | $6.99 | $14.0K | Form 4 |
| Mar 20, 2023 | Swope Jeffrey L.Director | Buy | 70,000 | $7.16 | $501.2K | Form 4 |
| Mar 20, 2023 | Lang Barbara BDirector | Buy | 348 | $7.15 | $2.5K | Form 4 |
| Mar 17, 2023 | Guilbert Edward H IIIEVP - Finance | Buy | 2,850 | $7.00 | $19.9K | Form 4 |
| Mar 17, 2023 | Bowers Robert EEVP-CFO | Buy | 2,000 | $6.99 | $14.0K | Form 4 |
| Mar 15, 2023 | Smith Christopher BrentPresident & Chief Exec. Off | Buy | 7,000 | $7.67 | $53.7K | Form 4 |
| Sep 30, 2022 | Lang Barbara BDirector | Buy | 325 | $10.24 | $3.3K | Form 4 |
| Aug 31, 2022 | Swope Jeffrey L.Director | Buy | 42,000 | $11.90 | $499.8K | Form 4 |
| Aug 31, 2022 | MCDOWELL FRANK CDirector | Buy | 5,000 | $11.82 | $59.1K | Form 4 |
| Aug 4, 2022 | COHEN GLENN GARYDirector | Buy | 3,000 | $13.01 | $39.0K | Form 4 |
| May 9, 2022 | Taysom Dale H.Director | Buy | 1,000 | $15.23 | $15.2K | Form 4 |
| May 3, 2022 | Moon Laura PEVP- CAO | Sale | 7,627 | $16.09 | $122.7K | Form 4 |
| May 3, 2022 | COHEN GLENN GARYDirector | Buy | 5,000 | $16.15 | $80.8K | Form 4 |
| Mar 1, 2022 | Taysom Dale H.Director | Buy | 500 | $16.89 | $8.4K | Form 4 |
| Feb 24, 2022 | COHEN GLENN GARYDirector | Buy | 5,000 | $15.82 | $79.1K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Cohen & SteersSCHEDULE 13G/A, 2 filings Feb 13, 2026 to Aug 14, 202667
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202668
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 26, 202669
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Feb 5, 202670
- BlackRockSCHEDULE 13G/A, 6 filings Jan 26, 2022 to Apr 29, 202571
- State Street CorporationSC 13G/A, 2 filings Jan 29, 2024 to Oct 18, 202472
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | C. Brent SmithPresident & Chief Executive Officer | $710.0K | $5.8M73 | |
| 2025 | Sherry L. RexroadEVP & Chief Financial Officer | $500.0K | $2.2M73 | |
| 2025 | George M. WellsEVP & Chief Operating Officer | $440.0K | $1.8M73 | |
| 2025 | Christopher A. KollmeEVP, Investments | $383.8K | $1.3M73 | |
| 2025 | Laura P. MoonEVP & Chief Accounting Officer | $300.5K | $908.8K73 | |
| 2024 | C. Brent SmithPresident & Chief Executive Officer | $700.0K | $5.7M73 | |
| 2024 | George M. WellsEVP & Chief Operating Officer | $410.0K | $1.7M73 | |
| 2024 | Christopher A. KollmeEVP, Investments | $378.8K | $1.2M73 | |
| 2024 | Sherry L. RexroadEVP & Chief Financial Officer | $915.1K73 | ||
| 2023 | C. Brent SmithPresident & Chief Executive Officer | $700.0K | $7.2M73 | |
| 2023 | George M. WellsEVP & Chief Operating Officer | $400.0K | $1.7M73 | |
| 2023 | Christopher A. KollmeEVP, Investments | $373.8K | $1.4M73 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Feb 27, 2022 | Robert J. WittmanRepublican, House | Partial sale | $1,001 - $15,000 | +123.8% | Report |
| Jun 24, 2019 | Donna Shalala, House | Sale | $1,001 - $15,000 | +218.2% | Report |
| Apr 16, 2019 | Donna Shalala, House | Buy | $1,001 - $15,000 | −221.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Piedmont Realty Trust, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPiedmont Realty Trust, Inc.1
- CIK0001042776
- Employer ID (EIN)58-23284214
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6512 Opeators of Nonresidential Buildings1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address5565 Glenridge Connector, Ste 450, Atlanta, GA 303421
- Phone77041888001
- Shares outstanding125,019,003 as of Apr 29, 202612
- Public float$899.7M as of Jun 30, 20254
- AuditorDeloitte & Touche LLP, Atlanta, Georgia PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceJul 25, 19971
- Filings1,838 in all: 4 (901), 8-K (298), 10-Q (85), SC 13G/A (53), SC TO-T/A (39), DEFA14A (38), UPLOAD (35), 5 (34)1
All 50 form types
424B3 (32), 3 (30), POS AM (30), DEF 14A (29), 10-K (28), 8-K/A (19), CORRESP (19), SC 14D9 (14), SC TO-T (14), 424B5 (13), S-11/A (11), ARS (10), SC 13G (10), 4/A (8), 10-Q/A (7), FWP (7), S-8 (7), 10-K/A (6), 424B2 (6), S-11 (6), PRE 14A (5), PX14A6G (5), S-3ASR (5), 5/A (4), SCHEDULE 13G/A (4), S-3DPOS (3), SC 14D9/A (3), SCHEDULE 13G (3), DEFR14A (2), EFFECT (2), S-3D (2), 3/A (1), 424B4 (1), 8-A12B (1), 8-A12G (1), 8-A12G/A (1), CERTNYS (1), DEFM14A (1), PREM14A (1), PRER14A (1), S-4 (1), SC TO-C (1)
- Latest filingsAnnual report (10-K) Feb 17, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Mar 18, 2026
Latest 8-K (8-K) Sep 17, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | PDM | New York Stock Exchange |
From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Piedmont Realty Trust, Inc. names in Item 1A of its 10-K filed Feb 17, 2026: 56 risks under these headings, as written.4
- Risks Related to Our Business and Operations
- Economic, regulatory, socio-economic or technology changes that impact the real estate market generally, or that could affect patterns of use of commercial office space, may cause our operating results to suffer and decrease the value of our properties.
- We face considerable competition in the leasing market and may be unable to renew existing leases or re-let space on terms similar to the existing leases, and we may expend significant capital in our efforts to re-let space.
- Our rental revenues will be significantly influenced by the conditions of the office market in general and of the specific markets in which we operate.
- We may be adversely affected by trends in the office real estate industry.
- We depend on tenants for our revenue, and accordingly, lease terminations or tenant defaults, particularly by one of our significant lead tenants, could adversely affect the income produced by our properties.
- Some of our leases provide tenants with the right to terminate their leases early.
- We may face additional risks and costs associated with directly managing properties occupied by government tenants.
- Adverse market and economic conditions may cause us to recognize impairment charges on tangible real estate and related lease intangible assets or otherwise impact our performance.
- Adverse market and economic conditions could cause us to recognize impairment charges on our goodwill.
- Our earnings growth will partially depend upon future acquisitions of properties, and we may not be successful in identifying and consummating suitable acquisitions that meet our investment criteria.
- Future acquisitions of properties may not yield anticipated returns, may disrupt our business, and may strain management resources.
The other 45 risks
- We may acquire properties in new markets, where we may face risks associated with investing in an unfamiliar market.
- The illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our properties.
- We may not be able to dispose of properties that no longer meet our strategic plans or to timely and efficiently apply the proceeds from any disposition of properties.
- Our real estate redevelopment and development strategies may not be successful.
- Future terrorist attacks, armed hostilities, or civil unrest in the major metropolitan areas in which we own properties could significantly impact the demand for, and value of, our properties.
- We face risks related to the occurrence of cybersecurity incidents, or a deficiency in our information systems, which could negatively impact our business by causing a disruption to our operations, a compromise or corruption of our confidential information, and/or damage to our business relationships, all of which could negatively impact our financial results.
- Uninsured losses or losses in excess of our insurance coverage could adversely affect our financial condition and our cash flow, and there can be no assurance as to future costs and the scope of coverage that may be available under insurance policies.
- Should one of our insurance carriers become insolvent, we would be adversely affected.
- Our joint venture investments could be adversely affected by a lack of sole decision-making authority and our reliance on joint venture partners’ financial condition.
- Costs of complying with governmental laws and regulations may reduce our earnings and cash flows.
- As the present or former owner or operator of real property, we could become subject to liability for environmental contamination, regardless of whether we caused such contamination.
- We could become subject to liability for adverse environmental conditions in the buildings on our property.
- As the owner of real property, we could become subject to liability for a tenant’s failure to comply with environmental requirements regarding the handling and disposal of regulated substances and wastes or for non-compliance with health and safety requirements, which requirements are subject to change.
- We face risks associated with the physical effects of climate change.
- We depend on key personnel, each of whom would be difficult to replace.
- We may be subject to litigation, which could have a material adverse effect on our financial condition.
- If our disclosure controls or internal controls over financial reporting are not effective, investors could lose confidence in our reported financial information.
- Risks Related to Our Organization and Structure
- Our organizational documents contain provisions that may have an anti-takeover effect, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our common stock or otherwise benefit our stockholders.
- In order to preserve our REIT status, our charter limits the number of shares a person may own, which may discourage a takeover that could result in a premium price for our common stock or otherwise benefit our stockholders.
- Our board of directors can take many actions without stockholder approval.
- Our charter permits our board of directors to issue stock with terms that may subordinate the rights of our common stockholders, which may discourage a third party from acquiring us in a manner that could result in a premium price for our common stock or otherwise benefit our stockholders.
- Our board of directors could elect for us to be subject to certain Maryland law limitations on changes in control that could have the effect of preventing transactions in the best interest of our stockholders.
- Our rights and the rights of our stockholders to recover claims against our board of directors and officers are limited, which could reduce our recovery and our stockholders’ recovery against them if they negligently cause us to incur losses.
- Risks Related to Tax Matters
- Our failure to qualify as a REIT could adversely affect our operations and our ability to make distributions.
- Failure of our operating partnership to be treated as a disregarded entity or a partnership would have serious adverse consequences to our stockholders.
- Changes in tax laws may eliminate the benefits of REIT status, prevent us from maintaining our qualification as a REIT, or otherwise adversely affect our stockholders.
- Even if we qualify as a REIT, we may incur certain tax liabilities that would reduce our cash flow and impair our ability to make distributions.
- Differences between the recognition of taxable income and the actual receipt of cash could require us to sell assets or borrow funds on a short-term or long-term basis to meet the distribution requirements of the Code.
- Distributions made by REITs do not qualify for the reduced tax rates that apply to certain other corporate distributions.
- A recharacterization of transactions undertaken by our operating partnership may result in lost tax benefits or prohibited transactions, which would diminish cash distributions to our stockholders, or even cause us to lose REIT status.
- We face possible adverse changes in state and local tax laws regarding the treatment of REITs and their stockholders, which may result in an increase in our tax liability.
- Property taxes may decrease returns on real estate.
- Risks Associated with Debt Financing
- We have incurred and are likely to continue to incur mortgage and other indebtedness, which may increase our business risks.
- Fluctuating or rising interest rates may make it difficult for us to finance or refinance properties, which could reduce the number of properties we can acquire, our earnings, and the amount of cash distributions we can make.
- Agreements governing our existing indebtedness contain, and future financing arrangements will likely contain, restrictive covenants relating to our operations, which could limit our ability to make distributions to our stockholders.
- Any increases in interest rates would cause the amount of our variable-rate debt payments to also increase and could limit our ability to make distributions to our stockholders.
- Changes in interest rates could have adverse effects on our cash flows as a result of our interest rate derivative contracts.
- A downgrade in our credit ratings, the credit ratings of Piedmont OP or the credit ratings of our or Piedmont OP's unsecured debt securities could materially adversely affect our business and financial condition.
- General Risks
- Any change in our dividend policy could have a material adverse effect on the market price of our common stock.
- Adverse U.S. and global economic conditions could have a negative effect on our business, results of operations and financial condition and liquidity.
- There are significant price and volume fluctuations in the public markets, including on the exchange which we listed our common stock.
- Future offerings of debt securities, which would be senior to our common stock upon liquidation, or equity securities, which would dilute our existing stockholders and may be senior to our common stock for the purposes of distributions, may adversely affect the market price of our common stock.
- Market interest rates may have an effect on the value of our common stock.
- If securities analysts do not publish research or reports about our business or if they downgrade our common stock or our sector, the price of our common stock could decline.
- The failure of any bank in which we deposit our funds could reduce the amount of cash we have available to pay distributions and make additional investments.
Legal proceedings
Piedmont is not subject to any material pending legal proceedings. However, we are subject to routine litigation arising in the ordinary course of owning and operating real estate assets. Our management expects that these ordinary routine legal proceedings will be covered by insurance and does not expect these legal proceedings to have a material adverse effect on our financial condition, results of operations, or liquidity. Additionally, management is not aware of any legal proceedings contemplated by governmental authorities.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARLeo F. Wells Iii., President
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- 20SEC EDGARAlex Valente, EVP- Southeast Region
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- 24SEC EDGARRobert K. Wiberg, EVP-Mid Atlantic
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- 28SEC EDGARRandy Fretz, Sr. VP
- 29SEC EDGARDeneen L. Donnley, Board member
- 30SEC EDGARJeffrey Donnelly, Board member
- 31SEC EDGARStephen E. Lewis, Board member
- 32SEC EDGARVenkatesh S. Durvasula, Board member
- 33SEC EDGARMary M. Hager, Board member
- 34SEC EDGARKelly Hefner Barrett, Board member
- 35SEC EDGARBarbara B. Lang, Board member
- 36SEC EDGARDale H. Taysom, Board member
- 37SEC EDGARRaymond G. Milnes Jr., Board member
- 38SEC EDGARFrank C. McDowell, Board member
- 39SEC EDGARJeffrey L. Swope, Board member
- 40SEC EDGARLeo F. Wells Iii., Board member
- 41SEC EDGARWesley E. Cantrell, Board member
- 42SEC EDGARBud Carter, Board member
- 43SEC EDGARNeil H. Strickland, Board member
- 44SEC EDGARWalter W. Sessoms, Board member
- 45SEC EDGARDonald S. Moss, Board member
- 46SEC EDGARMichael R. Buchanan, Board member
- 47SEC EDGARRichard W. Carpenter, Board member
- 48SEC EDGARW. Wayne Woody, Board member
- 49SEC EDGARWilliam H. Keogler Jr., Board member
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- 51SEC EDGAROther events
- 52SEC EDGAROther events
- 53SEC EDGARResults of operations
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- 56SEC EDGARResults of operations
- 57SEC EDGARResults of operations
- 58SEC EDGARExecutive or director change
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- 60SEC EDGARRegulation FD disclosure
- 61SEC EDGARResults of operations
- 62NasdaqNasdaq calendar
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