Piedmont Realty Trust — Q3 2026 Earnings Summary

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 the early extinguishment of debt, while Core FFO per diluted share increased to $0.39. The company executed approximately 406,000 square feet of new leasing during the quarter, achieving cash rent roll-ups of 26.2% and 34.6% on an accrual basis for space vacant less than one year. Portfolio occupancy stood at 87.7% as of September 30, 2026, following the acquisition of 4075 Wilson Boulevard and the sale of a land parcel in Dallas. Additionally, the company refinanced $287 million of high-coupon debt, reducing its weighted average cost of debt to 4.78% and extending its maturity profile with no final debt maturities until October 2028.