Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ _______________________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the Transition Period From ...

Travelport @ WARRENDER OR BE BE BE a LE . - CAR the last the R 22 11:00:11 : 18 : 18 : 18 : 11 : 11 : 11 : 11 : 11 : 11 : 11 : PERCE ESSEE IS NEW STERNET IS IN IN Investor Update First Quarter 2022 INTRODUCTION 1 Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties in select submarkets located primarily within seven major eastern U.S. office markets, with ov ...

Call Start: 09:00 January 1, 0000 9:53 AM ET Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q1 2022 Results Earnings Conference Call April 28, 2022, 9:00 AM ET Company Participants Brent Smith – President and Chief Executive Officer Eddie Guilbert – Executive Vice President of Finance and Treasurer Bobby Bowers – Chief Financial Officer George Wells – Chief Operating Officer Chris Coleman – Executive Vice President of Investments Conference Call Participants Michael Lewis – Truist Securities Anthony Paolone ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ _______________________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the Transition Period From ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ _________________________________________________________ FORM 10-K (Mark One) ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to to Commission file number 001-34626 ___________ ...

Financial Data and Key Metrics Changes - For Q4 2021, the company reported FFO per share of $0.51, aligning with market consensus, and a 5.8% increase in same-store NOI on a cash basis [8][27] - Core FFO for the year was $1.97 per diluted share, a 4% increase over 2020, exceeding the upper end of the original guidance range [26][27] - AFFO generated during Q4 was approximately $39 million, well above the current quarterly dividend level of $26 million [29] Business Line Data and Key Metrics Changes - The company leased approximately 400,000 square feet in Q4, with a 3% increase in second-generation cash rents and an average lease term of 6.5 years [8][9] - For the fiscal year 2021, Piedmont leased almost 2.3 million square feet, consistent with pre-COVID annual leasing levels, and achieved a 7.5% increase in second-generation cash rents [17] Market Data and Key Metrics Changes - Boston, Dallas, and Atlanta were identified as the most active leasing markets, with Boston showing strong fundamentals due to business migration and life science demand [10][11] - Orlando's downtown properties are performing well, with leasing activity at pre-pandemic levels, although net effective rents are about 5% lower than pre-pandemic levels due to increased concessions [12][13] Company Strategy and Development Direction - The company aims to have 70% to 75% of annualized lease revenue generated from Sunbelt markets by the end of 2023, currently at 63% [25] - Piedmont is focusing on redevelopment opportunities and has completed over $50 million in incremental investments to upgrade properties [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of the office sector, particularly for landlords offering high-quality, amenity-rich environments [17] - The company anticipates a gradual increase in physical utilization of buildings by tenants throughout 2022, aiming for a pro forma lease percentage of approximately 88% [31][32] Other Important Information - The company is in discussions for a pipeline of over $1 billion in high-quality assets, primarily in Sunbelt markets [19] - Cap rates remain steady for high-quality assets, while construction starts have slowed due to pandemic-related uncertainties [20] Q&A Session Summary Question: Details on loan investments repayment - The company expects the note receivable to be paid off in the first quarter based on discussions with the involved parties [35] Question: Capital recycling and spreads - Management indicated that spreads depend on the opportunities available, with historical accretive recycling activity of 150 to 200 basis points [36][38] Question: Asset sale targets - The company is considering noncore assets for disposition, including properties in Houston and Cambridge, and is optimistic about the current market opportunities [46][48] Question: Guidance range factors - The guidance range is influenced by leasing activity, with operational factors such as move-outs and expirations affecting the bottom end of the range [49][51] Question: Dividend increase rationale - Management believes the ability to raise the dividend is supported by positive leasing market conditions and a significant spread between AFFO and the current dividend [73] Question: CapEx normalization - Management acknowledged that CapEx has structurally moved higher due to increased focus on amenities and a higher concessionary environment [77][81]

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q3 2021 Earnings Conference Call October 28, 2021 11:00 AM ET Company Participants Eddie Guilbert - EVP, Finance and Treasurer Brent Smith - President and CEO George Wells - COO Bobby Bowers - CFO Conference Call Participants Anthony Paolone - JPMorgan Dave Rodgers - Baird Daniel Ismail - Green Street Michael Lewis - Truist Securities Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps withi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ _______________________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the Quarterly Period Ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the Transition Period ...

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants Eddie Guilbert - EVP, Finance and Treasurer Brent Smith - President and CEO George Wells - COO Bobby Bowers - CFO Conference Call Participants Anthony Paolone - JPMorgan Dave Rodgers - Baird Daniel Ismail - Green Street Operator Good day, ladies and gentlemen, and welcome to the Piedmont Office Realty Trust, Inc. Second Quarter 2021 Earnings Call. All lines have been placed in a list ...

Quarterly Supplemental Information June 30, 2021 Corporate Headquarters Institutional Analyst Contact Investor Relations 5565 Glenridge Connector, Suite 450 Telephone: 770.418.8592 Telephone: 866.354.3485 Atlanta, GA 30342 research.analysts@piedmontreit.com investor.services@piedmontreit.com Telephone: 770.418.8800 www.piedmontreit.com Piedmont Office Realty Trust, Inc. Quarterly Supplemental Information Index Page Page Introduction Other Investments Corporate Data 3 Other Investments Detail 35 Investor Inf ...