Atlanta, GA, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it has promoted Alex Valente to Co- Chief Operating Officer, working alongside George M. Wells, to oversee all property management and asset management areas of the Company. Mr. Valente, who has most recently served as Executive Vice-President of Piedmont’s Southeast Region, has been with the Company for almost 20 years and has been responsible for leasing, asset management, co ...

Gladstone Land (LAND) shares rallied 7.1% in the last trading session to close at $10.44. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.6% gain over the past four weeks.The increased investor optimism in the stock can be attributed to the favorable operating environment.This real estate investment trust specializing in farmland is expected to post quarterly FFO of $0.32 per share in its upcoming report, w ...

Core Viewpoint - Piedmont Realty Trust has announced the tax treatment of its 2025 common stock dividends, advising shareholders to consult their personal tax advisors for specific tax implications [1]. Dividend Information - The company declared dividends of $0.125 per share for two payment dates: January 2, 2025, and March 14, 2025 [2]. Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company, focusing on delivering exceptional office environments [3]. - The company owns, manages, develops, and operates approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [3]. - Piedmont Realty Trust is recognized for its hospitality-driven approach and commitment to enhancing workplace experiences through its "Piedmont PLACEs" [3].

Core Viewpoint - Piedmont Realty Trust will release its fourth quarter and annual financial results on February 11, 2026, after market close, followed by a conference call on February 12, 2026, at 9:00 a.m. ET to discuss performance and recent events [1]. Group 1: Financial Results Announcement - The company will announce its fourth quarter and annual financial results on February 11, 2026 [1]. - A conference call is scheduled for February 12, 2026, at 9:00 a.m. ET to review performance and conduct a Q&A session [1]. Group 2: Conference Call Details - The conference call will be broadcast live in listen-only mode on the company's investor relations website [1]. - Analysts are advised to dial in at least fifteen minutes prior to the start time for a timely connection, with domestic and international numbers provided [2]. - A replay of the conference call will be available until February 26, 2026, with specific access numbers and passcodes for domestic and international listeners [2]. Group 3: Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on delivering exceptional office environments [3]. - The company owns, manages, develops, and operates approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [3]. - Piedmont Realty Trust is recognized for its hospitality-driven approach and commitment to enhancing workplace experiences through its "Piedmont PLACEs" [3].

Core Insights - Piedmont Realty Trust leased 2.5 million square feet in 2025, representing approximately 16% of its portfolio, with 679,000 square feet leased in Q4 alone [1][2] - Two-thirds of the leasing activity in 2025 was attributed to new tenants, and nearly half involved previously vacant spaces [1] - The in-service portfolio was 89.6% leased as of December 31, 2025, while the out-of-service portfolio was 62.4% leased [1] Leasing Performance - The company experienced a 1.2% increase in the leased percentage of its in-service portfolio during 2025, with rental rates in Sunbelt markets reaching record highs [2] - Over 10% of the portfolio was leased to new clients in 2025, equating to 1.5 million square feet of new tenancy expected to occupy by the end of 2026 [2] Strategic Focus - The leasing success in 2025 is attributed to the company's efforts to modernize its portfolio, focusing on well-located, amenity-rich, and collaborative workspaces [3] - Piedmont has leased approximately 75% of its portfolio, or 11.6 million square feet, over the past five years, showcasing the effectiveness of its placemaking strategy [3] Company Overview - Piedmont Realty Trust is a self-managed real estate investment company that owns and operates around 16 million square feet of Class A properties across major U.S. Sunbelt markets [4] - The company is recognized for its hospitality-driven approach and commitment to enhancing workplace experiences through its "Piedmont PLACEs" [4]

Core Viewpoint - Piedmont Realty Trust (PDM) suspended its common stock dividend in April last year, citing capital allocation as the reason for this decision [1]. Group 1: Company Actions - The board of directors of Piedmont Realty Trust decided to suspend the dividend on its common stock [1]. Group 2: Investment Strategy - The investment strategy focuses on identifying Real Estate Investment Trusts (REITs) that are temporarily out-of-favor, utilizing fundamental economic insights to assess intrinsic value [1].

Core Insights - Piedmont Realty Trust is actively participating in the Nareit's REITworld: 2025 Annual Conference in Dallas, TX, highlighting its engagement in the real estate investment sector [1] - The company has achieved significant leasing activity in the fourth quarter, with over 475,000 square feet leased, including approximately 275,000 square feet to new tenants [1][2] - Year-to-date leasing volume has reached approximately 2.3 million square feet, indicating strong demand for its properties [1] - The out-of-service portfolio is now approximately 60% leased, with 44,000 square feet of new tenant leases related to this segment [1] Operational Performance - Brent Smith, the President and CEO, noted that leasing momentum has been at a record pace during the fourth quarter, driven by renovated buildings and a customer-centric approach [2] - The company anticipates a record leasing year, supported by an additional 350,000 square feet in the late-stage pipeline, which is expected to provide momentum into 2026 [2] Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on Class A office properties across major U.S. Sunbelt markets, managing approximately 16 million square feet [3] - The company is recognized for its hospitality-driven approach and commitment to enhancing workplace experiences through its "Piedmont PLACEs" initiative [3]

Core Insights - Cabral Gold Inc. has announced significant drill results from the Mutum target, indicating a previously unrecognized mineralized structure connecting the Central and PDM gold deposits over a distance of 1.8 kilometers [3][6][16] Summary by Sections Drill Results - The reconnaissance drilling at the Mutum target included 17 shallow RC drill holes, with notable intercepts such as 8 meters at 1.32 grams per tonne (g/t) gold from 43 meters depth in hole RC0602, and 13 meters at 0.83 g/t gold from 11 meters depth in hole RC0604 [6][15][16] - Previous surface trenching in the area returned results of 32 meters at 1.0 g/t gold, 25 meters at 0.9 g/t gold, and 16.5 meters at 0.9 g/t gold [7] Geological Insights - A drone magnetic survey revealed a clear northwest-trending structural corridor that was not visible in earlier airborne data, enhancing the understanding of the geological controls on gold mineralization in the Cuiú Cuiú district [4][10][18] - The Mutum target is characterized by thick soil cover and low gold-in-soil values, which previously made it a low-priority area for exploration [8] Future Plans - In light of the promising results, the company plans to conduct follow-up drilling along the newly identified mineralized structure connecting the Central and PDM deposits [17] - The company has acquired its own drone magnetic system to expedite exploration across the entire Cuiú Cuiú district [18] Company Background - Cabral Gold Inc. focuses on the exploration and development of gold properties in Brazil, holding a 100% interest in the Cuiú Cuiú gold district, which contains significant indicated and inferred resources [25][26]

Core Viewpoint - Piedmont Realty Trust, Inc. has successfully completed a cash tender offer for its outstanding 9.250% senior notes due 2028, with a significant portion of the notes tendered by the expiration time [1][3]. Summary by Relevant Sections Tender Offer Details - The cash tender offer was announced on November 13, 2025, and the expiration time was set for November 19, 2025 [1]. - A total of $532,460,000 in principal amount of the notes was outstanding, with $244,639,000 (45.95%) tendered by the expiration time and an additional $3,829,000 (0.72%) tendered pursuant to guaranteed delivery procedures [2]. Acceptance and Consideration - The Operating Partnership accepted all validly tendered notes and will pay a total consideration of $1,114.09 for each $1,000 principal amount of notes, plus accrued and unpaid interest [3]. - Notes tendered under guaranteed delivery procedures are expected to be accepted by November 21, 2025, with a settlement date anticipated on November 24, 2025 [3]. Management and Execution - BofA Securities, Inc., TD Securities (USA) LLC, and Wells Fargo Securities acted as dealer managers for the tender offer [4]. Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on delivering exceptional office environments, managing approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [6][7].

Core Viewpoint - Piedmont Realty Trust, Inc. has announced a cash tender offer to purchase all outstanding 9.250% senior notes due 2028, with specific pricing details provided [1][2][3] Tender Offer Details - The total principal amount of the senior notes outstanding is $532.46 million [2] - The reference yield for the notes is 3.569%, with a fixed spread of 95 basis points, resulting in a repurchase yield of 4.519% [2][3] - The consideration payable per $1,000 principal amount of notes validly tendered is $1,114.09 [2][3] Timeline and Conditions - The tender offer will expire at 5:00 p.m. New York City time on November 19, 2025, unless extended [4] - Holders can withdraw their notes until the earlier of the expiration time or the tenth business day after the announcement [4] - The settlement date for the notes validly tendered is expected to be November 20, 2025 [5] Future Actions - The company may purchase additional notes in the open market or through other methods after the completion of the tender offer [6] - The tender offer is conditioned upon the completion of a proposed concurrent senior notes offering [5] Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on Class A properties across major U.S. Sunbelt markets, managing approximately 16 million square feet [9]