Financial Results - Piedmont Office Realty Trust reported a net loss of $30.0 million, or $0.24 per diluted share, for Q4 2024, compared to a net loss of $28.0 million, or $0.23 per diluted share, in Q4 2023 [4] - The company incurred impairment charges of $15.4 million in Q4 2024, down from $18.5 million in Q4 2023, and executive separation costs of $4.8 million [2][4] - NAREIT FFO applicable to common stock was $41.6 million for Q4 2024, down from $50.6 million in Q4 2023, with Core FFO at $46.4 million compared to $50.6 million in the prior year [2][4] Leasing Activity - Piedmont completed 433,000 square feet of leasing in Q4 2024, totaling 2.4 million square feet for the year, the highest annual leasing volume since 2015 [3][7] - New tenant leasing accounted for over 1 million square feet, representing 42% of the total leasing activity in 2024, the largest since 2016 [7] - The leased percentage of the in-service portfolio increased to 88.4% as of December 31, 2024, up from 87.1% a year earlier [7] Balance Sheet - As of December 31, 2024, total assets were $4.1 billion, with total debt at $2.2 billion and a weighted average cost of debt of 6.01% [5] - The company had cash and cash equivalents of $109.6 million and total liquidity of $710 million, including an unused $600 million line of credit [5][8] - The net principal amount of debt to total gross assets less cash was 39.2% [5] ESG and Operations - Five projects in Piedmont's portfolio received TOBY (The Outstanding Building of the Year) recognition in Q4 2024 [6] - Approximately 84% of the portfolio was ENERGY STAR rated, and 72% was LEED certified as of December 31, 2024 [9] Guidance for 2025 - The company provided guidance for 2025, projecting a net loss between $46 million and $49 million, with Core FFO per diluted share expected to be between $1.38 and $1.44 [11][14] - Anticipated interest expense for 2025 is projected to be approximately $127-129 million, reflecting a full year of higher interest rates [12]

Core Viewpoint - Analysts forecast a decline in quarterly earnings and revenues for Piedmont Office, indicating potential challenges ahead for the company [1][2]. Earnings Projections - Piedmont Office is expected to report earnings of $0.37 per share, reflecting a year-over-year decline of 9.8% [1]. - Revenue is anticipated to be $142.16 million, showing a decrease of 2.2% compared to the same quarter last year [1]. Analyst Revisions - Over the past 30 days, the consensus EPS estimate has been revised downward by 2.8%, indicating a shift in analysts' expectations [2]. - Changes in earnings projections are crucial for predicting investor reactions and stock price movements [3]. Revenue Breakdown - 'Rental and Tenant Reimbursement Revenue - Fixed payments' is projected to be $112.16 million, down 1.9% from the prior year [5]. - 'Rental and Tenant Reimbursement Revenue - Variable payments' is expected to reach $23.86 million, reflecting a decline of 4.9% year-over-year [5]. - 'Revenues - Other property related income' is estimated at $5.46 million, indicating a slight decrease of 0.6% [6]. - The average prediction for 'Revenues - Rental and tenant reimbursement revenue' stands at $136.01 million, down 2.5% from the previous year [6]. Depreciation and Amortization - Analysts expect 'Amortization' to be $17.07 million, a decrease from $24.23 million in the prior year [6]. - The consensus for 'Depreciation' is $36.70 million, compared to $38.04 million from the previous year [7]. Stock Performance - Over the past month, Piedmont Office shares have declined by 2.7%, contrasting with a 4.2% increase in the Zacks S&P 500 composite [7]. - The current Zacks Rank for Piedmont Office is 4 (Sell), suggesting potential underperformance in the near future [7].

Group 1 - Piedmont Office Realty Trust declared a quarterly cash dividend of $0.125 per share for Q1 2025, equating to an annualized dividend of $0.50 per share [1] - The dividend payment date is set for March 14, 2025, for stockholders of record as of February 21, 2025 [1] Group 2 - Piedmont Office Realty Trust is a real estate investment trust (REIT) focused on high-quality, Class A office properties primarily in the Sunbelt region [2] - The company has a portfolio valued at approximately $5 billion, consisting of around 16 million square feet of predominantly unencumbered properties [2] - Piedmont is a fully integrated, self-managed REIT with local management offices in each market and holds an investment-grade rating of Baa3 from Moody's [2] - The company has been recognized as a 2024 ENERGY STAR Partner of the Year – Sustained Excellence [2]

Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, February 14, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s man ...

Core Insights - Piedmont Office (PDM) reported a revenue of $139.29 million for Q3 2024, reflecting a year-over-year decline of 5.2% [1] - The earnings per share (EPS) for the same period was $0.36, a significant improvement from -$0.14 a year ago [1] - The reported revenue was 2.97% below the Zacks Consensus Estimate of $143.56 million, while the EPS was 2.70% below the consensus estimate of $0.37 [1] Revenue Breakdown - Rental and Tenant Reimbursement Revenue - Fixed payments: $109.39 million, below the average estimate of $112.68 million, with a year-over-year change of -5.1% [1] - Rental and Tenant Reimbursement Revenue - Variable payments: $23.44 million, below the average estimate of $25.05 million, with a year-over-year change of -10.8% [1] - Other property-related income: $5.57 million, slightly below the average estimate of $5.73 million, with a year-over-year change of +10.1% [1] - Property management fee revenue: $0.90 million, exceeding the average estimate of $0.43 million, with a year-over-year change of +126.3% [1] - Total Rental and Tenant Reimbursement Revenue: $132.83 million, below the average estimate of $137.74 million, with a year-over-year change of -6.2% [1] Net Income - Net income per share applicable to common stockholders (diluted) was -$0.09, compared to the average estimate of -$0.07 [1] Stock Performance - Piedmont Office shares have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]

分组1 - Piedmont Office reported quarterly funds from operations (FFO) of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.43 per share a year ago, representing an FFO surprise of -2.70% [1] - The company posted revenues of $139.29 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.97%, compared to year-ago revenues of $146.99 million [1] - Over the last four quarters, Piedmont Office has not surpassed consensus FFO estimates, and it has topped consensus revenue estimates only two times [1] 分组2 - Piedmont Office shares have increased approximately 50.6% since the beginning of the year, outperforming the S&P 500's gain of 21.5% [2] - The company's FFO outlook is crucial for investors, as empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions [3] - The current consensus FFO estimate for the coming quarter is $0.37 on $145.19 million in revenues, and for the current fiscal year, it is $1.50 on $576.23 million in revenues [4] 分组3 - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 29% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [5] - Another company in the same industry, Park Hotels & Resorts, is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year change of -3.9% [5]

EXHIBIT 99.2 HIMMINI STANT 2 11 Sussantees 0 0 BROMERE ........ 를 맞 STORE HOUSE IN DINEER A B N B am-g m = and 100 Blog I B BUNDER BE == BORNBODD us = RBURNING FELL WHITE WARD Four Seasons TTITY Hotel (proposed) HTE Supplemental Information Piedmont Office Realty Trust, Inc. Quarterly Supplemental Information Index Page Page Introduction Corporate Data 3 Investor Information 4 Supporting Information Earnings Release 5 Definitions 33 Key Performance Indicators 9 Research Coverage 34 Financials Non-GAAP Recon ...

Atlanta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended September 30, 2024. Highlights for the Three Months Ended September 30, 2024: Financial Results:  Three Months Ended Nine Months Ended(in 000s other than per share amounts )September 30, 2024September 30, 2023 September 30, 2024September 30, 2023Net loss ...

Atlanta, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or "the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company completed over 461,000 square feet of leasing during the third quarter of 2024, with approximately 45% of this total leased square footage related to new tenants and bringing its in-service leased percentage to 88.8% as of September 30, 2024. Rents on leases executed during the third q ...

Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, announced today that its property management team, after reviewing detailed property reports for all of the Company's Orlando assets, has reported virtually no damage to any of Piedmont's properties from Hurricane Milton and that all personnel in the affected areas are reported safe. Contact: Sarah Heimlich Company: ...