Piedmont Realty Trust, Inc. Q1 2026 Earnings Release

Piedmont Realty Trust, Inc. announced its financial results for the first quarter of 2026. The company reported a net loss of $12.9 million, or $0.10 per diluted share, compared to a net loss of $10.1 million, or $0.08 per diluted share, in the first quarter of 2025. Core FFO per diluted share remained stable at $0.36 for both periods. The company experienced strong leasing momentum, executing over 430,000 square feet of leases, with two-thirds from new tenants. Same-store Net Operating Income (NOI) on a cash basis increased by 11.1%. Piedmont is increasing its 2026 outlook for Same Store NOI growth to 4%-7% and earnings per share to $1.49-$1.54. The company also highlighted operational recognitions, including a CoStar Impact Award and an "Elite 5" distinction in the Kingsley survey.