PDM

Piedmont Realty Trust's stock experienced a 1.6% increase since the beginning of 2026, reaching $8.4850 by May 8, 2026, but also a 19.9% plunge in the four weeks prior to May 7, 2026. The company released its Fourth Quarter and Annual 2025 results on February 11, 2026, and its First Quarter 2026 results on April 30, 2026, reporting a net loss of $12.9 million but demonstrated strong operational performance with an 11.1% increase in same-store cash Net Operating Income (NOI) and executed 431,000 square feet of leasing, with cash rents on recently vacant space rising by 11.1%. Management increased and narrowed its 2026 Core FFO outlook to $1.49–$1.54 per diluted share. Piedmont suspended its dividend, with no plans for reinstatement until at least 2027, to prioritize long-term repositioning, balance sheet strength, and capital allocation towards leasing, asset reinvestment, and debt reduction.