Piedmont Realty Trust, Inc.: management transactions · United States · SEC (Form 4)

About Piedmont Realty Trust, Inc.

Piedmont Realty Trust, Inc. (NYSE: PDM) is a U.S.-listed real estate company organized as a Maryland REIT. Headquartered in Atlanta, Georgia, and supported by local management offices across its markets, the company operates as a fully integrated, self-managed owner and operator of high-quality Class A office properties, primarily in major Sunbelt markets in the United States. Its business model spans acquisition, ownership, leasing, management, development, redevelopment, and operation of office real estate assets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042776/000104277626000042/pdm-20260331.htm?utm_source=openai)) Originally known as Piedmont Office Realty Trust, the company adopted the Piedmont Realty Trust brand in 2025 to better reflect its broader real estate identity while keeping the same core economic profile. The change was primarily a rebranding initiative rather than a strategic pivot. Piedmont remains focused on institutional-quality office properties, with an emphasis on tenant experience, operational execution, and disciplined capital allocation. The company also highlights its local market presence, which helps support leasing, property operations, and customer relationships at the regional level. ([investor.piedmontreit.com](https://investor.piedmontreit.com/news-releases/news-release-details/piedmont-office-realty-trust-rebrands-piedmont-realty-trust?utm_source=openai)) From a competitive standpoint, Piedmont is positioned as a specialized office REIT with a portfolio concentrated in attractive U.S. metropolitan areas, especially in the Sunbelt. In a U.S. office sector that continues to be selective and uneven, Piedmont aims to differentiate itself through building quality, prime locations, a diversified tenant base, and strong asset management. As a publicly traded REIT on the NYSE, the company is also evaluated through the lens of dividend capacity, financing flexibility, occupancy trends, and long-term portfolio value creation. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042776/000104277626000042/pdm-20260331.htm?utm_source=openai)) Piedmont’s core “products” are real-estate services rather than manufactured goods: office leasing, property and asset management, tenant improvements, redevelopment initiatives, and portfolio optimization. The company also points to a meaningful number of BOMA 360-designated buildings, which supports its positioning around operating quality. In its recent disclosures, Piedmont reported an in-service portfolio leased rate of 89.6% as of December 31, 2025, while its out-of-service portfolio was 62.4% leased. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042776/000104277626000012/pdm-20251231.htm?utm_source=openai)) Geographically, Piedmont has exposure to multiple large U.S. markets, with a notable footprint in the Southeast and other major urban centers. Recent company news has been constructive on operations: it reported 2.5 million square feet of leasing during 2025, and it also moved forward with a tender offer to repurchase all outstanding 9.250% senior notes due 2028. Together, these developments point to a strategy centered on improving leasing momentum, strengthening the balance sheet, and supporting recurring cash flow generation. ([investor.piedmontreit.com](https://investor.piedmontreit.com/news-releases/news-release-details/piedmont-realty-trust-inc-leases-25-million-square-feet-during?utm_source=openai))