Piedmont Realty Trust Projects 2026 Core FFO of $1.55-$1.57 Amid Debt Refinancing
Piedmont Realty Trust (PDM) reported a strong third quarter characterized by record-level leasing metrics and successful portfolio repositioning. The company's management highlighted significant capital markets activity, specifically noting the execution of a $230 million exchangeable notes offering and subsequent redemption. As part of its strategic financial management, Piedmont has successfully refinanced its debt to achieve a 4.8% weighted average cost. Looking ahead, the company provided guidance targeting a 2026 core Funds From Operations (FFO) per share in the range of $1.55 to $1.57.
Tickers: $PDM
Topics: capital markets debt offering earnings leasing metrics
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