Piedmont Realty Trust Inc.

10/27/2025 | Press release | Distributed by Public on 10/27/2025 14:20

Business/Financial Results (Form 8-K)






Piedmont Realty TrustTM
Earnings Release and Supplemental Information
Index
Page Page
Introduction Diversification Tables
Forward-Looking Statements
3
Tenant Diversification
30
Earnings Release
4
Tenant Credit Rating & Lease Distribution
31
Company Information
8
Industry Diversification
32
Research Coverage
9
Geographic Diversification
33
Portfolio Statistics & Key Performance Indicators
10
Geographic Diversification by Location Type
34
Financials Portfolio Information
Consolidated Balance Sheets
12
Portfolio Detail
35
Consolidated Statements of Income
13
Property Investment Activity and Land Holdings
37
Funds From Operations & Adjusted Funds From Operations
15
Same Store Net Operating Income
16
Supporting Information
Debt Summary
19
Definitions
38
Debt Detail
20
Non-GAAP Reconciliations
39
Debt Covenants & Ratios
21
Operational & Leasing Information
Leased Percentage
22
Rental Rate Roll Up / Roll Down
23
Contractual Tenant Improvements & Leasing Commissions
24
Net Effective Rents
25
Leases Yet to Commence and Abatements
26
Lease Expiration Schedule
27
Quarterly Lease Expirations
28
Annual Lease Expirations
29

Notice to Readers:
Please refer to page 3 for a discussion of important risks related to the business of Piedmont Realty TrustTM, as well as an investment in its securities, including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information. Considering these risks, uncertainties, assumptions, and limitations, the forward-looking statements about leasing, financial operations, leasing prospects, acquisitions, dispositions, etc. contained in this quarterly supplemental information report may differ from actual results.
Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. In addition, many of the schedules herein contain rounding to the nearest thousands or millions and, therefore, the schedules may not total due to this rounding convention.
To supplement the presentation of the Company's financial results prepared in accordance with U.S. generally accepted accounting principles (GAAP), this report contains certain financial measures that are not prepared in accordance with GAAP, including FFO, Core FFO, AFFO, Same Store NOI, Property NOI, EBITDAre and Core EBITDA. Definitions and reconciliations of these non-GAAP measures to their most comparable GAAP metrics are included beginning on page 38. Each of the non-GAAP measures included in this report has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the Company's results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the Company's presentation of non-GAAP measures in this report may not be comparable to similarly titled measures disclosed by other companies, including other REITs. The Company may also change the calculation of any of the non-GAAP measures included in this report from time to time in light of its then existing operations.



Piedmont Realty Trust Inc. published this content on October 27, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 27, 2025 at 20:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]