Form 8-K

8-K — Piedmont Realty Trust, Inc.

Accession: 0001042776-26-000064

Filed: 2026-07-28

Period: 2026-07-28

CIK: 0001042776

SIC: 6512 (OPERATORS OF NONRESIDENTIAL BUILDINGS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — pdm-20260728.htm (Primary)

EX-99.1 — Q2 2026 EARNINGS RELEASE AND SUPPLEMENTAL PACKAGE (pdm63026ex991q22026ersuppl.htm)

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8-K — FORM 8-K 7.28.26

8-K (Primary)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 28, 2026

Piedmont Realty Trust, Inc.

(Exact name of registrant as specified in its charter)

Commission File Number: 001-34626

Maryland 58-2328421

(State or other jurisdiction of (IRS Employer

incorporation) Identification No.)

5565 Glenridge Connector Ste. 450

Atlanta, Georgia 30342

(Address of principal executive offices, including zip code)

(770) 418-8800

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered

Common Stock, $0.01 par value PDM New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o

Item 2.02 Results of Operations and Financial Condition.

On July 28, 2026, Piedmont Realty Trust, Inc. (the "Registrant") issued an earnings release and supplemental information announcing its financial results for the second quarter 2026 and published the earnings release and supplemental information for the second quarter 2026 to its website under Investor Relations. The earnings release and the supplemental information are attached hereto as Exhibit 99.1, and are incorporated herein by reference. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibits and the information set forth therein are deemed to have been furnished and shall not be deemed to be “filed” under the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No. Description

99.1

Piedmont Realty Trust, Inc. Earnings Release and Supplemental Information for Second Quarter 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Piedmont Realty Trust, Inc.

(Registrant)

Dated: July 28, 2026 By: /s/ Sherry L. Rexroad

Sherry L. Rexroad

Chief Financial Officer and Executive Vice President

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Document

EXHIBIT 99.1

Piedmont Realty TrustTM

Earnings Release and Supplemental Information

Index

Page Page

Introduction Diversification Tables

Forward-Looking Statements

Tenant Diversification

Earnings Release

Tenant Credit Rating & Lease Distribution

Company Information

Industry Diversification

Research Coverage

Geographic Diversification

Portfolio Statistics & Key Performance Indicators

Geographic Diversification by Location Type

Financials Portfolio Information

Consolidated Balance Sheets

Portfolio Detail

Consolidated Statements of Income

Property Investment Activity and Land Holdings

Funds From Operations & Adjusted Funds From Operations

Same Store Net Operating Income

Supporting Information

Debt Summary

Definitions

Debt Detail

Non-GAAP Reconciliations

Debt Covenants & Ratios

Operational & Leasing Information

Leased Percentage

Rental Rate Roll Up / Roll Down

Contractual Tenant Improvements & Leasing Commissions

Net Effective Rents

Future Contractual Income (Leases Yet to Commence & Abatements)

Lease Expiration Schedule

Quarterly Lease Expirations

Annual Lease Expirations

Notice to Readers:

Please refer to page 3 for a discussion of important risks related to the business of Piedmont Realty TrustTM, as well as an investment in its securities, including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information. Considering these risks, uncertainties, assumptions, and limitations, the forward-looking statements about leasing, financial operations, leasing prospects, acquisitions, dispositions, etc. contained in this quarterly supplemental information report may differ from actual results.

Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. In addition, many of the schedules herein contain rounding to the nearest thousands or millions and, therefore, the schedules may not total due to this rounding convention.

To supplement the presentation of the Company’s financial results prepared in accordance with U.S. generally accepted accounting principles (GAAP), this report contains certain financial measures that are not prepared in accordance with GAAP, including FFO, Core FFO, AFFO, Same Store NOI, Property NOI, EBITDAre and Core EBITDA. Definitions and reconciliations of these non-GAAP measures to their most comparable GAAP metrics are included beginning on page 38. Each of the non-GAAP measures included in this report has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the Company’s results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the Company’s presentation of non-GAAP measures in this report may not be comparable to similarly titled measures disclosed by other companies, including other REITs. The Company may also change the calculation of any of the non-GAAP measures included in this report from time to time in light of its then existing operations.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company intends for all such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable. Such information is subject to certain known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. Therefore, such statements are not intended to be a guarantee of the Company`s performance in future periods. Such forward-looking statements can generally be identified by the Company's use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue" or similar words or phrases that indicate predictions of future events or trends or that do not relate solely to historical matters. Examples of such statements in this press release include the Company's estimated range of Net Income/(Loss), Depreciation, Amortization, NAREIT FFO, Core FFO and Core FFO per diluted share for the year ending December 31, 2025. These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on information available at the time the statements are made.

The following are some of the factors that could cause the Company's actual results and its expectations to differ materially from those described in the Company's forward-looking statements:

•Economic, regulatory, socio-economic, technological (e.g. artificial intelligence and machine learning, virtual meeting platforms, etc.), and other changes that impact the real estate market generally, the office sector or the patterns of use of commercial office space in general, or the markets where we primarily operate or have high concentrations of revenue;

•The impact of competition on our efforts to renew existing leases or re-let space on terms similar to existing leases;

•Lease terminations, lease defaults, lease contractions, or changes in the financial condition of our tenants, particularly by one of our large tenants;

•Impairment charges on our long-lived assets or goodwill resulting therefrom;

•The success of our real estate strategies and investment objectives, including our ability to implement successful redevelopment and development strategies or identify and consummate suitable acquisitions and divestitures;

•The illiquidity of real estate investments, including economic changes, such as fluctuating interest rates, costs of construction, improvements and redevelopments, and available financing, which could impact the number of buyers/sellers of our target properties, and regulatory restrictions to which real estate investment trusts ("REITs") are subject and the resulting impediment on our ability to quickly respond to adverse changes in the performance of our properties;

•The risks and uncertainties associated with our acquisition and disposition of properties, many of which risks and uncertainties may not be known at the time of acquisition or disposition;

•Development and construction delays, including the potential of supply chain disruptions, and resultant increased costs and risks;

•Future acts of terrorism, civil unrest, or armed hostilities in any of the major metropolitan areas in which we own properties;

•Risks related to the occurrence of cybersecurity incidents, including cybersecurity incidents against us or any of our properties, vendors, or tenants, or a deficiency in our identification, assessment or management of cybersecurity threats impacting our operations and the public's reaction to reported cybersecurity incidents, including the reputational impact on our business and value of our common stock;

•Costs of complying with governmental laws, regulations and policies, including environmental standards imposed on office building owners;

•Uninsured losses or losses in excess of our insurance coverage, and our inability to obtain adequate insurance coverage at a reasonable cost;

•Additional risks and costs associated with directly managing properties occupied by government tenants, such as potential changes in the political environment, a reduction in federal or state funding of our governmental tenants, government layoffs or an increased risk of default by government tenants during periods in which state or federal governments are shut down or on furlough;

•Significant price and volume fluctuations in the public markets, including on the exchange on which we listed our common stock;

•Risks associated with incurring mortgage and other indebtedness, including changing capital reserve requirements on our lenders and rising interest rates for new debt financings;

•A downgrade in our credit ratings, the credit ratings of Piedmont Operating Partnership, L.P. ("Piedmont OP") or the credit ratings of our or Piedmont OP's unsecured debt securities, which could, among other effects, trigger an increase in the stated rate of one or more of our unsecured debt instruments;

•The effect of future offerings of debt or equity securities on the value of our common stock;

•Additional risks and costs associated with adverse U.S. global and economic conditions, inflation and potential increases in the rate of inflation, including the impact of a possible recession, uncertainty and volatility in financial markets, and any changes in governmental rules, regulations, and fiscal policies;

•Uncertainties associated with environmental and regulatory matters;

•Changes in the financial condition of our tenants directly or indirectly resulting from geopolitical developments that could negatively affect important supply chains and international trade, the termination or threatened termination of existing international trade agreements, or the implementation of tariffs or retaliatory tariffs on imported or exported goods;

•The effect of any litigation to which we are, or may become, subject;

•Additional risks and costs associated with owning properties occupied by tenants in particular industries, such as oil and gas, hospitality, travel, co-working, etc., including risks of default during start-up and during economic downturns;

•Changes in tax laws impacting REITs and real estate in general, as well as our ability to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”), or other tax law changes which may adversely affect our stockholders;

•The future effectiveness of our internal controls and procedures; and

•Other factors, including the risk factor described in Item 1A. of our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, as well as the risk factors discussed under Item 1A. or our Annual Report on Form 10-K for the year ended December 31, 2024.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company cannot guarantee the accuracy of any such forward-looking statements contained in this press release, and the Company does not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Piedmont Realty TrustTM

Earnings Release

Piedmont Realty Trust Reports Second Quarter 2026 Results

–Increases 2026 Outlook for second quarter in a row

–Generated Same Store NOI Cash Growth of 9%

–Strong leasing momentum continues with almost 460,000 square feet executed and cash leasing spreads of over 14%

–Signed but yet to commence leases total $39 million equivalent to 570 bps of portfolio occupancy

ATLANTA, July 28, 2026 — Piedmont 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 June 30, 2026.

Commenting on operational results for the three months ended June 30, 2026, Brent Smith, our President and Chief Executive Officer, said, "Piedmont continues to experience strong demand for our Piedmont PLACES resulting in our ability to push rental rates to record levels across the portfolio. We achieved the highest quarterly average net effective rent in the Company’s history at $25.56 and during the quarter, we executed almost 460,000 square feet of leasing with rental rate growth of 14% on a cash basis and over 32% on an accrual basis. Additionally, the customer pipeline remains strong, with over 700,000 square feet of leases either already executed or in the legal stage during July. Furthermore, the continued burn off of free rent helped to generate same store cash NOI growth of 9%, and operational outperformance from leasing set to commence in the second half of the year is contributing to an increase in our 2026 annual earnings outlook."

Highlights for the Three and Six Months Ended June 30, 2026:

Financial Results:

Three Months Ended Six Months Ended

(in 000s other than per share amounts) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Net loss applicable to Piedmont $(11,101) $(16,808) $(24,021) $(26,912)

Net loss per share applicable to common stockholders - basic and diluted $(0.09) $(0.14) $(0.19) $(0.22)

Gain on sale of real estate assets $— $1,224 $— $2,013

Loss on early extinguishment of debt $— $7,500 $— $8,000

Interest expense, net of interest income $31,807 $31,922 $63,704 $63,204

NAREIT Funds From Operations ("FFO") applicable to common stock $47,863 $37,012 $93,881 $82,045

Core FFO applicable to common stock $47,863 $44,512 $93,881 $90,045

NAREIT FFO per diluted share $0.38 $0.30 $0.74 $0.66

Core FFO per diluted share $0.38 $0.36 $0.74 $0.72

Adjusted FFO applicable to common stock $30,990 $16,241 $54,832 $39,730

Same Store NOI - cash basis 9.0 % 10.0 %

Same Store NOI - accrual basis 2.8 % 2.3 %

•Piedmont recognized a net loss of $11.1 million, or $0.09 per diluted share, for the second quarter of 2026, as compared to a net loss of $16.8 million, or $0.14 per diluted share, for the second quarter of 2025. Both periods reflect elevated interest expense, net of interest income, as a result of refinancing activity completed over the past several years in a higher interest rate environment. The three months ended June 30, 2025 also included a $7.5 million loss on early extinguishment of debt, as well as a $1.2 million gain on sale of real estate assets.

•Core FFO, which removes gain/loss on sale of real estate assets and loss on early extinguishment of debt, as well as depreciation and amortization, was $0.38 per diluted share for the second quarter of 2026 as compared to $0.36 per diluted share for the second quarter of 2025, with the increase attributable to rental rate growth and new leases commencing during the twelve months ended June 30, 2026, partially offset by the sale of 80/90 Central in Boxborough, MA during the same period.

•During the three months ended June 30, 2026, Same Store NOI on a cash and accrual basis increased by 9.0% and 2.8%, respectively, as rental rates increased and the commencement or burn off of abatements on new leases outweighed expiring leases.

Leasing:

Three Months Ended Six Months Ended

June 30, 2026 June 30, 2026

# of lease transactions 42 92

Total leasing sf (in 000s)

459 890

New tenant leasing sf (in 000s)

262 556

Cash rent roll up 14.1% 12.7%

Accrual rent roll up 32.4% 25.5%

Leased percentage as of period end 88.9%

•The Company completed approximately 459,000 square feet of leasing during the second quarter, including approximately 262,000 square feet of new tenant leasing, approximately 68% of which related to previously vacant space.

•The average size lease executed during the second quarter was approximately 11,000 square feet and the weighted average lease term was approximately eight years.

•Rental rates on leases executed during the three months ended June 30, 2026 for space vacant one year or less increased approximately 14.1% and 32.4% on a cash and accrual basis, respectively.

•The Company's leased percentage for its in-service portfolio as of June 30, 2026 was 88.9%, as compared to 89.3% as of March 31, 2026.

•The Company's leased percentage for its out-of-service portfolio, comprised of two projects in Minneapolis that have recently undergone extensive redevelopment, was 82.9% leased as of June 30, 2026. 222 South Orange Avenue was placed back into service during the three months ended June 30, 2026.

•As of June 30, 2026, the Company had approximately 0.9 million square feet of executed leases for vacant space that are yet to commence representing approximately $39 million of future additional annual cash rents, and approximately 1.0 million square feet of executed leases currently under rental abatement, representing approximately $28 million of future additional annual cash rents.

•Leases representing over 700,000 square feet have either already been executed or are in the legal stage thus far in the third quarter of 2026.

Transactional Activity:

•The Company remains under binding contract to sell a 10.6 acre undeveloped land parcel known as Royal Lane located in the Las Colinas submarket of Dallas, TX for $12.0 million. The transaction is subject to several extension options, however, is expected to close later in 2026.

Balance Sheet:

(in 000s except for ratios) June 30, 2026 December 31, 2025

Cash and Cash Equivalents $16,785 $731

Total Real Estate Assets $3,408,733 $3,421,709

Total Assets $4,047,982 $4,031,354

Total Debt $2,250,937 $2,224,712

Weighted Average Cost of Debt 5.50% 5.58%

Net Principal Amount of Debt / Total Gross Assets less Cash and Cash Equivalents 39.8% 40.2%

Average Net Debt to Core EBITDA (trailing twelve months) 7.2 x 7.2 x

•During the three months ended June 30, 2026, the Company amended its $325 Million Unsecured Term Loan to, among other things, increase the principal from $325 million to $400 million and extend the maturity date to May 28, 2031. The net proceeds from the increased principal were used to repay the balance outstanding under the Company's $600 million revolving line of credit and for general corporate purposes.

• As of June 30, 2026, the Company had $16.8 million of cash on hand, the full capacity on its $600 million revolving line of credit available and no debt maturity requirements until 2028.

Corporate Responsibility and Operations:

•During the three months ended June 30, 2026, the Minneapolis Real Estate Journal recognized the Company as Owner/Landlord of the Year and awarded the Company's Meridian project the Most Significant Lease Transaction in 2025 and Meridian Two the Office Renovation Project of the Year in the Suburban category.

•Also during the second quarter, nine projects throughout the portfolio won either local or regional TOBY (The Outstanding Building of the Year) Awards in their respective size categories: 400 & 500 TownPark and CNL I & II in Orlando, FL; 4250 North Fairfax in Arlington, VA; 999 Peachtree in Atlanta, GA; Crescent Ridge II and Norman Pointe I in Minneapolis, MN; Galleria Towers and Interlink II in Dallas, TX; and Enclave Place in Houston, TX. These awards are presented by the Building Owners and Managers Association ("BOMA") and recognize excellence in building management.

•As of June 30, 2026, approximately 83% and 72% of the Company's portfolio was ENERGY STAR rated and LEED certified, respectively, and 67% of its portfolio was certified LEED gold.

Outlook for 2026:

For the second quarter in a row, the Company is increasing its outlook for the year ending December 31, 2026, as follows:

Revised Initial Annual Guidance

(in millions, except per share data) Low High Low High

Net loss $ (44) $ (41) $ (48) $ (44)

Add:

Depreciation 181 183 181 183

Amortization 53 55 53 55

NAREIT and Core FFO applicable to common stock $ 190 $ 197 $ 186 $ 194

NAREIT and Core FFO applicable to common stock per diluted share $1.50 $1.55 $1.47 $1.53

This outlook is based on information available to management as of the date of this release and reflects management's view of current market conditions, including the following specific assumptions and projections:

Property Operation Assumptions:

•Executed leasing for the year of approximately 1.7 to 2.0 million square feet resulting in an increase in the anticipated year-end leased percentage for the Company's in-service portfolio to approximately 89.5% to 90.5%, exclusive of any speculative acquisition or disposition activity;

•Stabilization of the Company's out of service assets, resulting in an approximately 85-90% year-end leased percentage for the out of service portfolio and the placement of these assets back into the in-service population around the end of 2026;

•Same Store NOI increase of 5% to 8% on both a cash and accrual basis for the year, a 2% increase from our initial estimate;

Financing Assumptions:

•Interest expense (net of interest income) of approximately $128-$130 million;

Other Assumptions:

•General and administrative expense of approximately $31-$33 million; and

•Weighted average shares outstanding of approximately 126-127 million.

No speculative acquisitions, dispositions, or refinancing are included in the above outlook. The Company will adjust its outlook if such transactions occur.

Note that actual results could differ materially from these estimates and individual quarters may fluctuate on both a cash basis and an accrual basis due to the timing of any future dispositions, significant lease commencements and expirations, abatement periods, repairs and maintenance expenses, capital expenditures, capital markets activities, seasonal general and administrative expenses, accrued potential performance-based compensation expense, one-time revenue or expense events, and other factors discussed under "Forward-Looking Statements" above.

Conference Call Information:

Piedmont has scheduled a conference call and an audio webcast for Wednesday, July 29, 2026, at 9:00 A.M. Eastern time. The live, listen-only, audio webcast of the call may be accessed on the Company's website at https://investor.piedmontreit.com/news-and-events/event-calendar. Dial-in numbers for analysts who plan to actively participate in the call are (888) 506-0062 for participants in the United States and Canada and (973) 528-0011 for international participants. Participant Access Code is 788056. A replay of the conference call will be available through August 12, 2026, and may be accessed by dialing (877) 481-4010 for participants in the United States and Canada and (919) 882-2331 for international participants, followed by conference identification code 54246. A webcast replay will also be available after the conference call in the Investor Relations section of the Company's website. During the audio webcast and conference call, the Company's management team will review second quarter 2026 performance, discuss recent events, and conduct a question-and-answer period.

Piedmont Realty TrustTM

Company Information

Piedmont Realty TrustTM (NYSE: PDM), also referred to herein as "Piedmont" or the "Company", is a fully integrated, self-managed real estate company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of 16 million square feet of Class A properties across major U.S. Sunbelt markets, Piedmont is known for its hospitality-driven approach and commitment to transforming buildings into premier "Piedmont PLACEs" that enhance each client's workplace experience. The Company is headquartered in Atlanta, Georgia with local management offices in each of its markets. The Company's senior unsecured notes are investment-grade rated by Moody's, Standard & Poor's and Fitch Ratings.

For more information, please visit www.piedmontreit.com.

Executive Management

Brent Smith Sherry Rexroad Laura Moon George Wells Alex Valente

President, Chief Executive Officer Chief Financial Officer Chief Accounting Officer Co-Chief Operating Officer Co-Chief Operating Officer

and Director and Executive Vice President and Executive Vice President and Executive Vice President and Executive Vice President

Kevin Fossum Christopher Kollme Damian Miller Pierre Dait Wade Grace

Executive Vice President, Executive Vice President, Executive Vice President, Senior Vice President, Senior Vice President,

Property Management Investments Central Region Risk Management Controller

Jennifer Heneisen Lisa Tyler

Senior Vice President, Senior Vice President,

Financial Planning & Analysis Human Resources

Board of Directors

Kelly H. Barrett Dale H. Taysom Glenn G. Cohen Jeffrey J. Donnelly Deneen L. Donnley

Chair of the Board Vice Chair of the Board Chair of the Compensation Director Director

Chair of the Audit Committee Committee

Mary Hager Barbara B. Lang Stephen E. Lewis Brent Smith

Director Chair of the Nominating & Director President, Chief Executive Officer

Corporate Governance and Director

Committee

Contact Information

Corporate

Headquarters Research Analysts /

Institutional Investors Shareholder Services /

Transfer Agent Services Corporate

Counsel

5565 Glenridge Connector, Suite 450 770.418.8592 Computershare, Inc. King & Spalding

Atlanta, Georgia 30342 investor.relations@piedmontreit.com 866.354.3485 1180 Peachtree Street, NE

770.418.8800 investor.services@piedmontreit.com Atlanta, GA 30309

www.piedmontreit.com 404.572.4600

Piedmont Realty TrustTM

Research Coverage

Equity Research Coverage

Dylan Burzinski Anthony Paolone, CFA Nicholas Thillman Michael Lewis, CFA

Green Street JP Morgan Robert W. Baird & Co. Truist Securities

100 Bayview Circle, Suite 400 390 Madison Avenue 777 East Wisconsin Avenue 50 Hudson Yards, 69th Floor

Newport Beach, CA 92660 New York, NY 10017 Milwaukee, WI 53202 New York, NY 10001

Phone: (949) 640-8780 Phone: (212) 622-6682 Phone: (414) 298-5053 Phone: (212) 319-5659

Fixed Income Research Coverage

Mark S. Streeter, CFA

JP Morgan

383 Madison Avenue, 3rd Floor

New York, NY 10179

Phone: (212) 834-5086

Credit Ratings

Issuer Credit Ratings: Senior Unsecured Notes Ratings:

Baa3 (Moody's) Baa3 (Moody's)

BB+ (Standard & Poor's) BBB- (Standard & Poor's)

BBB- (Fitch) BBB- (Fitch)

Piedmont Realty TrustTM

Portfolio Statistics & Key Performance Indicators

Unaudited (in thousands except for per share data and ratios)

This section of our supplemental report includes non-GAAP financial measures, including, but not limited to, Earnings Before Interest, Taxes, Depreciation, and Amortization for real estate (EBITDAre), Core Earnings Before Interest, Taxes, Depreciation, and Amortization (Core EBITDA), Funds from Operations (FFO), Core Funds from Operations (Core FFO), Adjusted Funds from Operations (AFFO), and Same Store Net Operating Income (Same Store NOI). Definitions of these non-GAAP measures are provided on page 38 and reconciliations are provided beginning on page 39.

Three Months Ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Portfolio Statistics:

Number of in-service projects (1)

29 29 29 29 29

Rentable in-service square footage (1)

15,066 14,923 14,921 14,918 14,923

Leased percentage (2)

88.9 % 89.3 % 89.6 % 89.2 % 88.7 %

Commenced leased percentage

85.1 % 85.0 % 84.8 % 85.4 % 85.0 %

Economic leased percentage (3)

81.4 % 81.9 % 81.6 % 79.4 % 78.7 %

Leasing Activity:

Total square feet leased during the period 459 431 679 724 712

Square feet (new) leased during the period 262 293 466 551 468

Square feet (renewal) leased during the period 197 138 213 173 243

Rental rate roll up / roll down - accrual rents

32.4 % 17.8 % 20.5 % 20.2 % 13.6 %

Rental rate roll up / roll down - cash rents 14.1 % 11.1 % 11.9 % 8.6 % 7.3 %

Net effective rent per square foot after capex and opex $25.56 $22.03 $21.10 $21.26 $20.78

Financial Results:

Total revenues $144,123 $143,294 $142,853 $139,163 $140,292

Net loss applicable to Piedmont -$11,101 -$12,920 -$43,246 -$13,462 -$16,808

Net loss per share applicable to common stockholders - diluted -$0.09 -$0.10 -$0.35 -$0.11 -$0.14

Core EBITDA $80,089 $78,304 $76,982 $75,826 $76,856

Core FFO applicable to common stock $47,863 $46,018 $44,205 $43,485 $44,512

Core FFO per share - diluted $0.38 $0.36 $0.35 $0.35 $0.36

AFFO applicable to common stock $30,990 $23,842 $18,709 $26,504 $16,241

Same store net operating income - accrual basis (4)

2.8 % 1.9 % -0.6 % 3.2 % 1.7 %

Same store net operating income - cash basis (4)

9.0 % 11.1 % 2.2 % 2.8 % -2.0 %

Balance Sheet and Capitalization Information:

Weighted average shares outstanding - diluted (WASO) 126,914 126,136 126,712 126,007 125,178

Shares of common stock issued and outstanding at period end 125,133 125,019 124,519 124,504 124,492

Closing price of common stock at period end $9.15 $6.57 $8.34 $9.00 $7.29

Total debt - GAAP $2,250,937 $2,252,351 $2,224,712 $2,193,324 $2,177,752

Total principal amount of debt outstanding $2,274,224 $2,274,157 $2,248,080 $2,213,196 $2,199,101

Total net principal amount of debt outstanding (5)

$2,252,478 $2,267,822 $2,244,289 $2,205,061 $2,191,286

Total gross real estate assets $4,819,963 $4,820,893 $4,774,133 $4,740,790 $4,685,403

Equity market capitalization (6)

$1,144,965 $821,375 $1,038,491 $1,120,536 $907,547

Total market capitalization (6)

$3,419,189 $3,095,532 $3,286,571 $3,333,732 $3,106,648

Piedmont Office Realty Trust, Inc.

Portfolio Statistics & Key Performance Indicators (continued)

Unaudited (in thousands except for per share data and ratios)

Three Months Ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Ratios for Debt Holders

Core EBITDA to total revenues

55.6 % 54.6 % 53.9 % 54.5 % 54.8 %

Net principal amount of debt / Total gross assets less cash and cash equivalents (7)

39.8 % 40.1 % 40.2 % 40.0 % 40.3 %

Average net principal amount of debt to Core EBITDA - trailing twelve months (8)

7.2 x 7.2 x 7.2 x 7.1 x 6.9 x

Fixed charge coverage ratio - current quarter (9)

2.4 x 2.3 x 2.2 x 2.1 x 2.1 x

(1)

As of June 30, 2026, the Company's in-service office portfolio excluded two projects currently held out of service for redevelopment, totaling 671,000 square feet. Additional information on these projects can be found on page 36.

(2)

Refer to page 22 for detailed analysis on the Company's leased percentage.

(3) Excludes the square footage associated with tenants currently in rental abatement periods.

(4)

Refer to the three pages starting with page 16 for reconciliations to net income and additional same store net operating income information. The statistic provided for each of the prior quarters is based on the same store property population applicable at the time that the metric was initially reported.

(5) Defined as the total principal amount of debt outstanding, minus cash and restricted cash and escrows, all as of the end of the period.

(6) Reflects common stock closing price, shares outstanding and principal amount of debt outstanding as of the end of the reporting period.

(7) Metric shown on a net debt basis to account for certain periods presented that had elevated balances of cash and restricted cash and escrows to be used primarily for debt retirement in a future period.

(8) Calculated using the sum of Core EBITDA for the trailing twelve month period and the average principal balance of debt outstanding for the trailing twelve months less the average balance of cash and restricted cash and escrows during the trailing twelve month period.

(9) Calculated as Core EBITDA divided by the sum of interest expense, principal amortization, capitalized interest and preferred dividends (none during periods presented).

The Company recorded principal amortization of $0.9 million for each of the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025.

The Company recorded capitalized interest of $1.0 million for the quarter ended June 30, 2026, $1.1 million for the quarter ended March 31, 2026, $1.6 million for the quarter ended December 31, 2025, $2.9 million for the quarter ended September 30, 2025, and $3.2 million for the quarter ended June 30, 2025.

Piedmont Realty TrustTM

Consolidated Balance Sheets

Unaudited (in thousands)

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Assets:

Real estate assets, at cost:

Land $ 542,474 $ 542,474 $ 542,474 $ 542,474 $ 542,473

Buildings and improvements 4,124,884 4,108,901 4,066,269 4,018,671 3,911,368

Buildings and improvements, accumulated depreciation (1,345,832) (1,321,935) (1,278,600) (1,238,031) (1,199,698)

Intangible lease assets 102,637 117,826 118,195 119,734 120,726

Intangible lease assets, accumulated amortization (65,398) (77,271) (73,824) (71,501) (68,474)

Construction in progress 47,131 48,855 44,358 57,074 107,999

Real estate assets held for sale, net 2,837 2,837 2,837 2,837 2,837

Total real estate assets 3,408,733 3,421,687 3,421,709 3,431,258 3,417,231

Cash and cash equivalents 16,785 2,279 731 2,990 3,314

Tenant receivables 11,440 6,907 6,155 5,729 4,386

Straight-line rent receivables 219,636 216,416 214,285 211,591 207,025

Restricted cash and escrows 4,961 4,056 3,060 5,145 4,501

Prepaid expenses and other assets 24,120 20,928 20,857 27,598 29,802

Goodwill 53,491 53,491 53,491 53,491 53,491

Interest rate swaps 530 — — — 72

Deferred lease costs, gross 528,219 530,409 520,221 473,597 458,839

Deferred lease costs, accumulated amortization (219,933) (222,242) (209,155) (207,671) (198,398)

Total assets $ 4,047,982 $ 4,033,931 $ 4,031,354 $ 4,003,728 $ 3,980,263

Liabilities:

Unsecured debt, net of discount $ 2,063,971 $ 2,064,452 $ 2,035,890 $ 2,003,588 $ 1,987,111

Secured debt 186,966 187,899 188,822 189,736 190,641

Accounts payable, accrued expenses and accrued capital expenditures 185,339 158,041 172,880 135,220 131,104

Deferred income 115,496 117,733 112,124 111,174 94,529

Intangible lease liabilities, less accumulated amortization 21,216 22,880 24,824 26,788 28,752

Interest rate swaps — — 111 175 116

Total liabilities 2,572,988 2,551,005 2,534,651 2,466,681 2,432,253

Stockholders' equity:

Common stock 1,251 1,250 1,245 1,245 1,245

Additional paid in capital 3,730,985 3,728,827 3,730,273 3,727,914 3,725,769

Cumulative distributions in excess of earnings (2,251,371) (2,240,270) (2,227,350) (2,184,104) (2,170,642)

Accumulated other comprehensive loss (7,368) (8,380) (8,967) (9,517) (9,873)

Piedmont stockholders' equity 1,473,497 1,481,427 1,495,201 1,535,538 1,546,499

Non-controlling interest 1,497 1,499 1,502 1,509 1,511

Total stockholders' equity 1,474,994 1,482,926 1,496,703 1,537,047 1,548,010

Total liabilities and stockholders' equity $ 4,047,982 $ 4,033,931 $ 4,031,354 $ 4,003,728 $ 3,980,263

Piedmont Realty TrustTM

Consolidated Statements of Income

Unaudited (in thousands except for per share data)

Three Months Ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Revenues: (1)

Rental revenue

$ 115,375 $ 113,393 $ 111,994 $ 110,748 $ 111,130

Tenant reimbursements

21,890 23,048 22,943 22,282 22,824

Property management fee revenue 108 158 71 115 81

Other property related income 6,750 6,695 7,845 6,018 6,257

144,123 143,294 142,853 139,163 140,292

Expenses:

Property operating costs 55,986 57,306 58,460 55,890 55,610

Depreciation 44,825 44,027 42,862 42,127 40,646

Amortization 14,487 15,263 15,166 15,188 14,785

General and administrative 8,237 7,909 7,457 7,607 7,960

123,535 124,505 123,945 120,812 119,001

Other income (expense):

Interest expense (31,874) (31,929) (32,406) (31,968) (31,954)

Other income (2)

189 225 46 160 133

Loss on early extinguishment of debt (3)

— — (29,788) — (7,500)

Gain on sale of real estate assets

— — — — 1,224

Net loss (11,097) (12,915) (43,240) (13,457) (16,806)

Less: Net income applicable to noncontrolling interest (4) (5) (6) (5) (2)

Net loss applicable to Piedmont $ (11,101) $ (12,920) $ (43,246) $ (13,462) $ (16,808)

Weighted average common shares outstanding - basic and diluted (4)

125,082 124,806 124,519 124,502 124,459

Net loss per share applicable to common stockholders - basic and diluted $ (0.09) $ (0.10) $ (0.35) $ (0.11) $ (0.14)

(1) To be in conformance with GAAP presentation, the Company would combine "Rental income" and "Tenant reimbursements" amounts and present an aggregated figure on one line entitled "Rental and tenant reimbursement revenue."

(2) Includes interest income (in thousands) of $67, $32, $38, $60, and $31 for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively.

(3) The loss on early extinguishment of debt recorded in the three months ended December 31, 2025 is related to the repurchase of $245.2 million in principal amount of the 9.25% senior notes due 2028.

(4)

As Piedmont recognized a net loss for the periods presented, earnings per share is computed using basic weighted-average common shares outstanding.

Piedmont Realty TrustTM

Consolidated Statements of Income

Unaudited (in thousands except for per share data)

Three Months Ended Six Months Ended

6/30/2026 6/30/2025 Change ($) Change (%) 6/30/2026 6/30/2025 Change ($) Change (%)

Revenues: (1)

Rental revenue

$ 115,375 $ 111,130 $ 4,245 3.8 % $ 228,768 $ 222,906 $ 5,862 2.6 %

Tenant reimbursements

21,890 22,824 (934) (4.1) % 44,938 47,112 (2,174) (4.6) %

Property management fee revenue 108 81 27 33.3 % 266 162 104 64.2 %

Other property related income 6,750 6,257 493 7.9 % 13,445 12,798 647 5.1 %

144,123 140,292 3,831 2.7 % 287,417 282,978 4,439 1.6 %

Expenses:

Property operating costs 55,986 55,610 (376) (0.7) % 113,292 113,524 232 0.2 %

Depreciation 44,825 40,646 (4,179) (10.3) % 88,852 81,539 (7,313) (9.0) %

Amortization 14,487 14,785 298 2.0 % 29,750 30,206 456 1.5 %

General and administrative 8,237 7,960 (277) (3.5) % 16,146 15,523 (623) (4.0) %

123,535 119,001 (4,534) (3.8) % 248,040 240,792 (7,248) (3.0) %

Other income (expense):

Interest expense (31,874) (31,954) 80 0.3 % (63,803) (63,631) (172) (0.3) %

Other income 189 133 56 42.1 % 414 528 (114) (21.6) %

Loss on early extinguishment of debt

— (7,500) 7,500 100.0 % — (8,000) 8,000 100.0 %

Gain on sale of real estate assets

— 1,224 (1,224) (100.0) % — 2,013 (2,013) (100.0) %

Net loss (11,097) (16,806) 5,709 34.0 % (24,012) (26,904) 2,892 10.7 %

Less: Net income applicable to noncontrolling interest (4) (2) (2) (100.0) % (9) (8) (1) (12.5) %

Net loss applicable to Piedmont $ (11,101) $ (16,808) $ 5,707 34.0 % $ (24,021) $ (26,912) $ 2,891 10.7 %

Weighted average common shares outstanding - basic and diluted (2)

125,082 124,459 124,945 124,359

Net loss per share applicable to common stockholders - basic and diluted $ (0.09) $ (0.14) $ (0.19) $ (0.22)

(2)

As Piedmont recognized a net loss for the periods presented, earnings per share is computed using basic weighted-average common shares outstanding.

Piedmont Realty TrustTM

Funds From Operations, Core Funds From Operations and Adjusted Funds From Operations

Unaudited (in thousands except for per share data)

Three Months Ended Six Months Ended

6/30/2026 6/30/2025 6/30/2026 6/30/2025

GAAP net loss applicable to Piedmont $ (11,101) $ (16,808) $ (24,021) $ (26,912)

Depreciation of real estate assets

44,477 40,266 88,152 80,779

Amortization of lease-related costs

14,487 14,778 29,750 30,191

Gain on sale of real estate assets

— (1,224) — (2,013)

NAREIT Funds From Operations applicable to common stock 47,863 37,012 93,881 82,045

Adjustments:

Loss on early extinguishment of debt — 7,500 — 8,000

Core Funds From Operations applicable to common stock 47,863 44,512 93,881 90,045

Adjustments:

Amortization of debt issuance costs and discounts on debt

1,627 1,574 3,275 3,030

Depreciation of non-real estate assets 349 369 700 738

Straight-line effects of lease revenue

(5,351) (8,968) (9,733) (18,636)

Stock-based compensation adjustments 2,396 2,396 1,657 2,451

Amortization of lease-related intangibles

(1,660) (1,957) (3,600) (4,019)

Non-incremental capital expenditures (1)

Base Building Costs (3,369) (10,149) (9,938) (15,565)

Tenant Improvement Costs (7,342) (3,809) (15,182) (8,438)

Leasing Commission Costs (3,523) (7,727) (6,228) (9,876)

Adjusted Funds From Operations applicable to common stock $ 30,990 $ 16,241 $ 54,832 $ 39,730

Weighted average common shares outstanding - diluted (2)

126,914 125,178 126,728 125,126

NAREIT Funds From Operations per share (diluted) $ 0.38 $ 0.30 $ 0.74 $ 0.66

Core Funds From Operations per share (diluted) $ 0.38 $ 0.36 $ 0.74 $ 0.72

(1)

Non-incremental capital expenditures are defined on page 38.

(2) Includes potential share dilution using the treasury stock method. Such shares are not included when calculating net loss per share applicable to Piedmont as presented on the Consolidated Statements of Income, as they would reduce the loss per share presented.

Piedmont Realty TrustTM

Same Store Net Operating Income (Cash Basis)

Unaudited (in thousands)

Three Months Ended Six Months Ended

6/30/2026 6/30/2025 6/30/2026 6/30/2025

GAAP net loss applicable to Piedmont $ (11,101) $ (16,808) $ (24,021) $ (26,912)

Net income applicable to noncontrolling interest 4 2 9 8

Interest expense

31,874 31,954 63,803 63,631

Depreciation

44,825 40,646 88,852 81,540

Amortization

14,487 14,786 29,750 30,206

Gain on sale of real estate assets

— (1,224) — (2,013)

EBITDAre

80,089 69,356 158,393 146,460

Loss on early extinguishment of debt — 7,500 — 8,000

Core EBITDA

80,089 76,856 158,393 154,460

General and administrative expense

8,237 7,960 16,146 15,523

Management fee revenue (net)

(108) (77) (266) (140)

Other income

(81) (25) (199) (312)

Straight-line effects of lease revenue

(5,351) (8,971) (9,733) (18,640)

Amortization of lease-related intangibles

(1,660) (1,957) (3,600) (4,019)

Property net operating income (cash basis) 81,126 73,786 160,741 146,872

Deduct net operating (income) loss from:

Acquisitions (1)

— — — —

Dispositions (1)

— (447) 45 (1,670)

Other investments (2)

(1,117) 92 (790) 253

Same store net operating income (cash basis) $ 80,009 $ 73,431 $ 159,996 $ 145,455

Change period over period 9.0 % N/A 10.0 % N/A

(1)

Refer to page 37 for information on recent acquisitions and dispositions.

(2)

Includes projects currently held out-of-service, recently completed redevelopment projects in which a portion of operating expenses was capitalized during the current and/or prior reporting periods, and various land holdings.

Refer to pages 36 and 37 for detailed information on these entities.

Piedmont Realty TrustTM

Same Store Net Operating Income (Accrual Basis)

Unaudited (in thousands)

Three Months Ended Six Months Ended

6/30/2026 6/30/2025 6/30/2026 6/30/2025

GAAP net loss applicable to Piedmont $ (11,101) $ (16,808) $ (24,021) $ (26,912)

Net income applicable to noncontrolling interest 4 2 9 8

Interest expense

31,874 31,954 63,803 63,631

Depreciation

44,825 40,646 88,852 81,540

Amortization

14,487 14,786 29,750 30,206

Gain on sale of real estate assets

— (1,224) — (2,013)

EBITDAre

80,089 69,356 158,393 146,460

Loss on early extinguishment of debt — 7,500 — 8,000

Core EBITDA

80,089 76,856 158,393 154,460

General and administrative expense

8,237 7,960 16,146 15,523

Management fee revenue (net)

(108) (77) (266) (140)

Other income

(81) (25) (199) (312)

Property net operating income (accrual basis) 88,137 84,714 174,074 169,531

Acquisitions (1)

— — — —

Dispositions (1)

— (659) 45 (1,780)

Other investments (2)

(1,726) 31 (2,382) 81

Same store net operating income (accrual basis) $ 86,411 $ 84,086 $ 171,737 $ 167,832

Change period over period 2.8 % N/A 2.3 % N/A

(1)

Refer to page 37 for detailed information on recent acquisitions and dispositions.

(2)

Refer to pages 36 and 37 for detailed information on these entities.

Piedmont Realty TrustTM

Same Store Net Operating Income (Financial Components)

Unaudited (in thousands)

Three Months Ended Six Months Ended

6/30/2026 6/30/2025 Change ($) Change (%) 6/30/2026 6/30/2025 Change ($) Change (%)

Revenue

Cash rental income $ 107,302 $ 99,240 $ 8,062 8.1 % $ 213,987 $ 197,479 $ 16,508 8.4 %

Tenant reimbursements 21,049 22,382 (1,333) (6.0) % 43,965 46,031 (2,066) (4.5) %

Straight-line effects of lease revenue 4,742 8,699 (3,957) (45.5) % 8,141 18,359 (10,218) (55.7) %

Amortization of lease-related intangibles 1,660 1,956 (296) (15.1) % 3,600 4,018 (418) (10.4) %

Total rents

134,753 132,277 2,476 1.9 % 269,693 265,887 3,806 1.4 %

Other property related income

6,285 6,224 61 1.0 % 12,976 12,725 251 2.0 %

Total revenue 141,038 138,501 2,537 1.8 % 282,669 278,612 4,057 1.5 %

Less: Property operating expense 54,735 54,523 (212) (0.4) % 111,148 110,995 (153) (0.1) %

Add: Other income 108 108 — — % 216 215 1 0.5 %

Same store net operating income (accrual) $ 86,411 $ 84,086 $ 2,325 2.8 % $ 171,737 $ 167,832 $ 3,905 2.3 %

Less:

Straight-line effects of lease revenue (4,742) (8,699) 3,957 45.5 % (8,141) (18,359) 10,218 55.7 %

Amortization of lease-related intangibles (1,660) (1,956) 296 15.1 % (3,600) (4,018) 418 10.4 %

Same store net operating income (cash) $ 80,009 $ 73,431 $ 6,578 9.0 % $ 159,996 $ 145,455 $ 14,541 10.0 %

Piedmont Realty TrustTM

Debt Summary

As of June 30, 2026

Unaudited ($ in thousands)

Floating Rate & Fixed Rate Debt

Debt

Principal

Outstanding

Weighted Average

Interest Rate

Weighted Average

Maturity

Fixed Rate $2,074,224 5.57% 50.9 months

Floating Rate (1)

200,000 4.77% 58.9 months

Total $2,274,224 5.50% 51.6 months

Unsecured & Secured Debt

Debt

Principal

Outstanding

Weighted Average

Interest Rate

Weighted Average

Maturity

Unsecured $2,087,258 5.62% 53.8 months

Secured 186,966 4.10% 27.1 months

Total $2,274,224 5.50% 51.6 months

Debt Maturities (2)

Maturity

Year

Secured Principal Outstanding

Unsecured Principal Outstanding

Weighted Average

Interest Rate

Percentage of

Total Debt

2026 $— $— — —

2027 — — — —

2028 186,966 287,258 7.22% 20.8%

2029 — 400,000 7.11% 17.6%

2030 — 300,000 3.90% 13.2%

2031 — 400,000 4.85% 17.6%

2032 — 300,000 2.78% 13.2%

2033 — 400,000 5.73% 17.6%

Total $ 186,966 $ 2,087,258 5.50% 100.00%

(1)

During the three months ended June 30, 2026, the Company amended its $325 Million Unsecured Term Loan to increase the principal to $400 million and extend the maturity date to May 28, 2031. The new term loan has a stated variable interest rate; however, the Company has entered into interest rate swap agreements which effectively fixes $200 million of the principal through June 1, 2028. As of June 30, 2026, the Company's floating rate debt balance was comprised of the $200 million variable portion of the $400 million term loan. The Company had no outstanding balance on the Unsecured Line of Credit as of June 30, 2026.

(2) For loans that provide extension options conditional upon proper notice to the loan's administrative agent and the payment of an extension fee, the final extended maturity date is reflected.

Piedmont Realty TrustTM

Debt Detail

As of June 30, 2026

Unaudited ($ in thousands)

Facility

Stated Rate (1)

Effective Rate (2)

Maturity Date (3)

Principal Outstanding (4)

Secured Debt

Fixed-Rate Mortgage (1180 Peachtree) 4.10% 4.10% Fixed 10/1/2028 186,966

Secured Subtotal / Weighted Average Interest Rate 4.10% $ 186,966

Unsecured Debt

$600 Million Unsecured 2023 Senior Notes (5)

9.25% 9.25% Fixed 7/20/2028 287,258

$400 Million Unsecured 2024 Senior Notes 6.88% 7.11% Fixed 7/15/2029 400,000

$600 Million Unsecured Line of Credit (6)

SOFR + 1.05% 4.73% Floating 6/30/2030 —

$300 Million Unsecured 2020 Senior Notes 3.15% 3.90% Fixed 8/15/2030 300,000

$400 Million Unsecured 2026 Term Loan (7)

SOFR + 1.15% 4.77%

4.94% Floating

Fixed 5/28/2031 400,000

$300 Million Unsecured 2021 Senior Notes 2.75% 2.78% Fixed 4/1/2032 300,000

$400 Million Unsecured 2025 Senior Notes 5.63% 5.73% Fixed 1/15/2033 400,000

Unsecured Subtotal / Weighted Average Interest Rate 5.62% $ 2,087,258

Total Debt - Principal Amount Outstanding / Weighted Average Interest Rate

5.50% $ 2,274,224

GAAP Adjustments - Discounts and Unamortized Debt Issuance Costs

(23,287)

Total Debt - GAAP $ 2,250,937

Less: Cash, cash equivalents, and restricted cash and escrows 21,746

Total Net Debt - Principal Amount Outstanding $ 2,252,478

(1) Stated rates for the unsecured term loan and the unsecured line of credit are comprised of the relevant SOFR selection and an additional spread based on Piedmont's current credit rating, as defined in the respective loan agreement.

(2) Effective rates reflect the consideration of settled or in-place interest rate swap agreements and issuance discounts, where applicable.

(3) For loans that provide extension options conditional upon proper notice to the loan's administrative agent and the payment of an extension fee, the final extended maturity date is reflected.

(4) All outstanding debt at period end was interest-only with the exception of the amortizing fixed-rate mortgage.

(5)

Piedmont repurchased a portion of its outstanding $600 Million Unsecured 2023 Senior Notes during 2025, repurchasing approximately $67.5 million and $245.2 million during the second and fourth quarter of 2025, respectively.

(6)

Piedmont may select from multiple interest rate options with each draw under the revolving credit facility, including the prime rate and various SOFR selections. The facility has an initial maturity date of June 30, 2028 with two one-year extension options for a final maturity date of June 30, 2030, provided Piedmont is not then in default and upon payment of extension fees.

(7)

Piedmont Realty TrustTM`

Debt Covenants & Ratios for Debt Holders

As of June 30, 2026

Unaudited

Three Months Ended

Bank Debt Covenant Compliance (1)

Required 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Maximum leverage ratio 0.60 0.45 0.46 0.46 0.48 0.47

Minimum fixed charge coverage ratio (2)

1.50 2.29 2.23 2.16 2.15 2.15

Maximum secured indebtedness ratio 0.40 0.04 0.04 0.04 0.04 0.04

Minimum unencumbered leverage ratio 1.60 2.27 2.21 2.18 2.12 2.13

Minimum unencumbered interest coverage ratio (3)

1.75 2.43 2.31 2.22 2.19 2.17

Three Months Ended

Bond Covenant Compliance (4)

Required 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Total debt to total assets 60% or less 46.4% 47.0% 47.0% 46.5% 46.8%

Secured debt to total assets 40% or less 3.9% 3.9% 3.9% 4.0% 4.1%

Ratio of consolidated EBITDA to interest expense 1.50 or greater 2.54 2.50 2.51 2.53 2.53

Unencumbered assets to unsecured debt 150% or greater 210% 210% 210% 213% 212%

Other Debt Coverage Ratios for Debt Holders As of As of

(trailing twelve months) June 30, 2026 December 31, 2025

Average net principal amount of debt to Core EBITDA (5)

7.2 x 7.2 x

Fixed charge coverage ratio (6)

2.2 x 2.2 x

Interest coverage ratio (7)

2.3 x 2.2 x

(1) Bank debt covenant compliance calculations relate to the most restrictive of the specific calculations detailed in the relevant credit agreements. Please refer to such agreements for relevant defined terms.

(2) Defined as EBITDA for the trailing four quarters (including the Company's share of EBITDA from unconsolidated interests), excluding one-time or non-recurring gains or losses, less a $0.15 per square foot capital reserve, and excluding the impact of straight line rent leveling adjustments and amortization of intangibles divided by the Company's share of fixed charges, as more particularly described in the credit agreements. This definition of fixed charge coverage ratio as prescribed by our credit agreements is different from the fixed charge coverage ratio definition employed elsewhere within this report.

(3) Defined as net operating income for the trailing four quarters for unencumbered assets (including the Company's share of net operating income from partially-owned entities and subsidiaries that are deemed to be unencumbered) less a $0.15 per square foot capital reserve divided by the Company's share of interest expense associated with unsecured financings only, as more particularly described in the credit agreements.

(4)

Bond covenant compliance calculations relate to specific calculations prescribed in the relevant debt agreements. Please refer to the Indenture and the First Supplemental Indenture dated March 6, 2014, the Second Supplemental Indenture dated August 12, 2020, the Third Supplemental Indenture dated September 20, 2021, the Fourth Supplemental Indenture dated July 20, 2023, the Fifth Supplemental Indenture dated June 25, 2024, and the Sixth Supplemental Indenture dated November 20, 2025 for defined terms and detailed information about the calculations.

(5) Calculated using the sum of Core EBITDA for the trailing twelve month period and the average principal balance of debt outstanding for the trailing twelve months less the average balance of cash and restricted cash and escrows during the trailing twelve month period.

(6) Calculated as Core EBITDA divided by the sum of interest expense, principal amortization, capitalized interest and preferred dividends (none during periods presented).

The Company recorded principal amortization of $0.9 million for each of the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025.

(7) Calculated as Core EBITDA divided by the sum of interest expense and capitalized interest. The Company recorded capitalized interest of $1.0 million for the quarter ended June 30, 2026, $1.1 million for the quarter ended March 31, 2026, $1.6 million for the quarter ended December 31, 2025, $2.9 million for the quarter ended September 30, 2025, and $3.2 million for the quarter ended June 30, 2025.

Piedmont Realty TrustTM

Leased Percentage

(in thousands)

Three Months Ended Three Months Ended

June 30, 2026 June 30, 2025

Leased

Square Footage

Rentable

Square Footage

Percent

Leased (1)

Leased

Square Footage

Rentable

Square Footage

Percent

Leased (1)

In-Service Leased - beginning of period 13,323 14,923 89.3 % 13,426 15,241 88.1 %

Total leasing executed during period 459 712

Less: Lease renewals signed during period (197) (243)

Less: New leases signed during period for currently occupied space (69) (69)

Less: New leases signed during period for out of service space (62) (176)

Less: Leases expired during period and other (167) 11 (122) 4

Subtotal 13,287 14,934 89.0 % 13,528 15,245 88.7 %

Acquisitions / (dispositions) (2)

— — (298) (322)

Assets placed in service / (taken out of service) (3)

106 132 — —

In-Service Leased - end of period 13,393 15,066 88.9 % 13,230 14,923 88.7 %

Six Months Ended Six Months Ended

June 30, 2026 June 30, 2025

Leased

Square Footage

Rentable

Square Footage

Percent

Leased (1)

Leased

Square Footage

Rentable

Square Footage

Percent

Leased (1)

In-Service Leased - beginning of period 13,363 14,921 89.6 % 13,538 15,323 88.4 %

Total leasing executed during period 890 1,075

Less: Lease renewals signed during period (334) (427)

Less: New leases signed during period for currently occupied space (178) (119)

Less: New leases signed during period for out of service space (165) (178)

Less: Leases expired during period and other (289) 13 (296) 27

Subtotal 13,287 14,934 89.0 % 13,593 15,350 88.6 %

Acquisitions / (dispositions) (2)

— — (363) (427)

Assets placed in service / (taken out of service) (3)

106 132 — —

In-Service Leased - end of period 13,393 15,066 88.9 % 13,230 14,923 88.7 %

Same Store Analysis

Less: Acquisitions and Dispositions after June 30, 2025 (2)

— — — % — — — %

Less: Assets placed in or taken out of service after June 30, 2025 (3)

(106) (132) 80.3 % — — — %

Same Store Leased Percentage - end of period 13,287 14,934 89.0 % 13,230 14,923 88.7 %

(1) Calculated as the square footage of commenced leases plus the square footage of uncommenced leases for spaces vacant as of period end, divided by total rentable in-service square footage at period end.

(2)

Refer to page 37 for information on recent acquisitions and dispositions.

(3)

In the three months ended June 30, 2026, the Company placed the 222 South Orange Avenue asset back into service. Refer to page 36 for information on the remaining two out of service projects.

Piedmont Realty TrustTM

Rental Rate Roll Up / Roll Down

Three Months Ended

June 30, 2026

Square Feet

(in thousands) % of Total Signed During Period % of Rentable

Square Footage

% Change

Cash Rents (1)

% Change

Accrual Rents (2)

Leases executed for spaces vacant one year or less

246 53.6% 1.6% 14.1% 32.4%

Leases executed for spaces excluded from analysis (3)

213 46.4%

Six Months Ended

June 30, 2026

Square Feet

(in thousands) % of Total Signed

During Period % of Rentable

Square Footage

% Change

Cash Rents (1)

% Change

Accrual Rents (2)

Leases executed for spaces vacant one year or less

465 52.2% 3.1% 12.7% 25.5%

Leases executed for spaces excluded from analysis (3)

425 47.8%

(1) Calculation compares the last twelve months of cash paying rents of the previous lease to the first twelve months of cash paying rents of the new lease.

(2) Calculation compares the accrual basis rents of the previous lease to the accrual basis rents of the new leases. For newly signed leases which have variations in accrual basis rents, whether because of known future expansions, contractions, lease expense recovery structure changes, or other similar reasons, the weighted average of such varying accrual basis rents is used for the calculation.

(3) Leases are excluded from the above analyses if: (1) the space has been vacant for more than one year, (2) the lease term is less than one year, (3) the lease is associated with storage space, retail space, a management office, or a percentage rent agreement, or (4) the lease is associated with a recently acquired asset for which there is less than one year of operating history.

Piedmont Realty TrustTM

Contractual Tenant Improvements and Leasing Commissions

Three Months Ended

June 30, 2026 Six Months Ended

June 30, 2026 For the Year Ended

2022 to 2026

(Weighted Average)

2025

2024 (2)

2023 (3)

2022

Total Leasing Transactions

Square feet (1)

453,449 883,516 2,474,774 2,428,246 2,239,797 2,142,852 10,169,185

Tenant improvements per square foot per year of lease term

$3.77 $3.52 $4.07 $3.70 $3.80 $3.22 $3.73

Leasing commissions per square foot per year of lease term

$2.78 $2.61 $2.77 $2.31 $2.21 $2.22 $2.42

Total per square foot per year of lease term

$6.55 $6.13 $6.84 $6.01 $6.01 $5.44 $6.15

Less Adjustment for Commitment Expirations (4)

Expired tenant improvements (not paid out)

per square foot per year of lease term -$0.72 -$0.59 -$0.26 -$0.34 -$0.79 -$0.10 -$0.41

Adjusted total per square foot per year of lease term $5.83 $5.54 $6.58 $5.67 $5.22 $5.34 $5.74

(1) Excludes square feet associated with storage and license agreement transactions.

(2) Tenant improvement and leasing commission amounts presented for the year ended December 31, 2024 include a 101,500 square foot 11-year lease executed in the first quarter of 2024 with no capital outlay requirements.

(3) Tenant improvement amounts presented for the year ended December 31, 2023 were adjusted to reflect the overall concession package for the 447,000 square foot 10-year renewal with US Bancorp, executed in the fourth quarter of 2023. The renewal terms provided for zero months of rent abatement, offset by an above-market tenant improvement allowance. The amounts are presented as if the renewal had included the standard twelve months of gross rent abatement in line with market conditions and, therefore, a normalized tenant improvement allowance. This adjustment effectively lowered the total capital per square foot per year of lease term for the year ended December 31, 2023 by $0.97.

(4) The Company reports total tenant improvement amounts based on the maximum amount of committed leasing capital in the period in which the lease is executed. However, tenants do not always use the full allowance provided for in the lease, or a portion of the allowance could expire at a set date. To provide additional clarity on actual costs for completed leasing transactions, tenant improvement allowances that have expired or are no longer available to the tenant are disclosed in this section and are deducted from the capital commitments per square foot of leased space in the periods in which they expired.

Piedmont Realty TrustTM

Net Effective Rents

Three Months Ended Five Quarter

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Average

Leasing activity included in net effective rent analysis (1)

Renewal leasing square footage (in 000s) 167 104 174 119 124 138

New tenant leasing square footage (in 000s) 255 284 436 539 455 394

Total leasing square footage (in 000s) 422 388 610 658 579 532

Renewal square footage (% of total) 39.6 % 26.8 % 28.5 % 18.1 % 21.4 % 25.9 %

New Lease square footage (% of total) 60.4 % 73.2 % 71.5 % 81.9 % 78.6 % 74.1 %

# of lease transactions 36 37 49 64 49 47

Net effective rents (2) (3)

Base rent (gross) $ 47.22 $ 43.88 $ 43.41 $ 44.67 $ 45.62 $ 44.96

Rent concessions (2.47) (2.62) (2.17) (2.46) (2.57) (2.46)

GAAP Rent $ 44.75 $ 41.26 $ 41.24 $ 42.21 $ 43.06 $ 42.50

Tenant improvements (3.24) (2.65) (2.82) (3.31) (4.40) (3.28)

Leasing commissions (2.71) (2.35) (2.63) (2.75) (2.70) (2.63)

Other concessions (0.11) (0.09) — (0.01) — (0.04)

Effective rent after capex $ 38.69 $ 36.17 $ 35.79 $ 36.14 $ 35.95 $ 36.55

Expense stop (13.13) (14.14) (14.69) (14.88) (15.17) (14.40)

Effective rent after capex and opex $ 25.56 $ 22.03 $ 21.10 $ 21.26 $ 20.78 $ 22.15

Weighted average lease term in years (weighted by square feet)

9.6 8.0 7.4 8.8 9.5 8.6

(1) Leases are excluded from this analysis if: (1) the lease term is one year or less or (2) the lease is associated with non-office space (storage, retail or a management office). Total leased square footage in this analysis will not tie to the total reported leasing volume reported elsewhere in this supplemental report.

(2) Based on the weighted average per rentable square footage over the lease term of each deal.

(3) Excludes parking income due to the variable nature between markets and individual lease transactions.

Piedmont Realty TrustTM

Future Contractual Income Sources

As of June 30, 2026

Uncommenced Leases for Vacant Space (1)

0.9 million square feet representing $38.6 million in future annual rent

Major Leases (by Industry) Project Market Square Feet

Leased Estimated Lease

Commencement New /

Expansion

Home service provider Galleria on the Park Atlanta 47,835 Q3 2026 New

Security hardware and software The Medici Atlanta 35,669 Q3 2026 New

National law firm 999 Peachtree Atlanta 31,523 Q3 2026 New

Banking and financial services Meridian Minneapolis 54,692 Q4 2026 New

Accounting and business advisory US Bancorp Center Minneapolis 41,294 Q4 2026 New

Engineering and environmental consulting Meridian Minneapolis 85,267 Q4 2026 New

Global risk management Meridian Minneapolis 54,662 Q4 2026 New

Defense technology 4250 North Fairfax Northern Virginia 69,896 Q1 2027 New

Leases Currently Under Abatement (1)

1.0 million square feet representing $27.6 million in future annual cash rent

Major Leases (by Industry) Project Market Square Feet

Abated

Lease

Commencement

Lease

Expiration Remaining Abatement Schedule

Insurance and financial services Galleria on the Park Atlanta 46,939 Q3 2025 Q4 2036 September 2025 through August 2026

Banking and financial services Meridian Minneapolis 27,049 Q1 2026 Q4 2036 January 2026 through October 2026

Insurance and financial services 9320 Excelsior Minneapolis 40,793 Q1 2026 Q3 2033 February 2026 through September 2026

Trial law firm 999 Peachtree Atlanta 24,220 Q1 2026 Q1 2039 March 2026 through June 2026

Commercial construction management Meridian Minneapolis 34,013 Q1 2026 Q1 2038 March 2026 through February 2028

National mortgage lender Interlink at Las Colinas Dallas 55,252 Q2 2026 Q1 2035 April 2026 through November 2026

Engineering and environmental consulting Galleria Towers Dallas 46,004 Q1 2026 Q4 2032 May 2026 through September 2026

Technology services company Interlink at Las Colinas Dallas 28,040 Q2 2026 Q3 2031 May 2026 through September 2026

Global risk management Galleria Towers Dallas 92,977 Q2 2026 Q2 2039 May 2026 through April 2027

(1) Includes leasing activity for the total portfolio, including assets currently out of service.

Piedmont Realty TrustTM

Lease Expiration Schedule

As of June 30, 2026

(in thousands)

Expiration Year

Annualized Lease

Revenue

Percentage of

Annualized Lease

Revenue (%)

Rentable

Square Footage

Percentage of

Rentable

Square Footage (%)

Vacant $— — 1,673 11.1

2026 (1)

49,944 8.3 909 6.0

2027 53,001 8.8 1,304 8.7

2028 51,407 8.6 1,227 8.1

2029 58,096 9.7 1,312 8.7

2030 63,426 10.6 1,339 8.9

2031 46,738 7.8 1,139 7.6

2032 43,525 7.1 950 6.3

2033 16,679 2.8 387 2.6

2034 59,044 9.8 1,320 8.8

2035 33,998 5.7 808 5.4

2036 27,327 4.6 681 4.5

2037 56,794 9.5 1,150 7.6

2038 8,615 1.4 199 1.3

Thereafter 31,780 5.3 668 4.4

Total $600,374 100.0 15,066 100.0

Average Lease Term Remaining

6/30/2026 5.8 years

12/31/2025 6.0 years

(1)

Includes leases with an expiration date of June 30, 2026, comprised of approximately 207,000 square feet and Annualized Lease Revenue of $7.5 million. Also included is the New York City 313,000 square foot lease at 60 Broad Street, which is now in holdover status following the tenant's June 4, 2026 expiration date. Annualized lease revenue reflects the maximum holdover penalty that could be assessed per the lease agreement.

Piedmont Realty TrustTM

Lease Expirations by Quarter

As of June 30, 2026

(in thousands)

Q3 2026 (1)

Q4 2026 Q1 2027 Q2 2027

Location

Expiring

Square

Footage

Expiring Lease

Revenue

Expiring

Square

Footage

Expiring Lease

Revenue

Expiring

Square

Footage

Expiring Lease

Revenue

Expiring

Square

Footage

Expiring Lease

Revenue

Atlanta 109 $4,203 89 $4,382 51 $1,805 64 $2,533

Boston 6 44 2 104 2 100 5 220

Dallas 174 6,124 85 3,916 31 1,455 38 1,693

Minneapolis 4 171 7 283 10 276 155 5,675

New York 313 25,011 — — 2 85 5 479

Orlando 34 1,136 6 215 88 3,477 38 1,422

Northern Virginia / Washington, D.C. 50 2,846 30 1,510 4 266 10 739

Other — — — — — — — 5

Total

690 $39,535 219 $10,410 188 $7,464 315 $12,766

(1)

Piedmont Realty TrustTM

Lease Expirations by Year

As of June 30, 2026

(in thousands)

12/31/2026 (1)

12/31/2027 12/31/2028 12/31/2029 12/31/2030

Location

Expiring

Square

Footage

Expiring

Lease

Revenue

Expiring

Square

Footage

Expiring

Lease

Revenue

Expiring

Square

Footage

Expiring

Lease

Revenue

Expiring

Square

Footage

Expiring

Lease

Revenue

Expiring

Square

Footage

Expiring

Lease

Revenue

Atlanta 198 $8,585 531 $22,584 398 $17,142 416 $17,780 370 $15,572

Boston 8 148 44 2,412 8 416 204 9,192 245 9,604

Dallas 259 10,039 157 5,214 329 14,517 292 14,029 354 19,077

Minneapolis 11 454 216 7,664 64 2,457 55 2,202 122 4,691

New York 313 25,011 9 719 2 177 17 1,037 20 1,716

Orlando 40 1,351 303 11,706 89 3,453 248 9,584 187 10,740

Northern Virginia / Washington, D.C. 80 4,356 44 2,697 78 4,613 80 4,266 41 2,026

Other — — — 5 259 8,632 — 6 — —

Total (3)

909 $49,944 1,304 $53,001 1,227 $51,407 1,312 $58,096 1,339 $63,426

(1)

Piedmont Realty TrustTM

Tenant Diversification

As of June 30, 2026

Tenants Contributing 1% or More to Annualized Lease Revenue (1)

Tenant

Credit Rating (2)

S&P / Moody's

Number of

Properties

Lease Term

Remaining

(in years)

Annualized

Lease Revenue

(in thousands) Percentage of

Annualized Lease

Revenue (%) Leased

Square Footage (in thousands) Percentage of

Leased

Square Footage (%)

State of New York AA+ / Aa1 1 11.2 $28,718 4.8 487 3.6

New York City (3)

AA / Aa2 1 - 25,010 4.2 313 2.3

Amazon AA / A1 2 4.1 15,786 2.6 285 2.1

US Bancorp A / A3 1 7.9 15,676 2.6 435 3.2

Microsoft AAA / Aaa 2 5.0 14,535 2.4 355 2.7

King & Spalding No Rating Available 1 4.8 13,978 2.3 268 2.0

Transocean Inc. B / B2 1 9.8 12,328 2.1 301 2.2

Broadcom A- / A3 1 0.8 11,474 1.9 206 1.5

Schlumberger Technology A / A1 1 2.5 8,548 1.4 254 1.9

Gartner BBB- / Baa3 2 8.0 8,190 1.4 207 1.5

Salesforce.com A+ / A2 1 3.1 8,142 1.4 182 1.4

Fiserv BBB / Baa2 1 1.1 8,015 1.3 195 1.5

Epsilon Data Management (subsidiary of Publicis) BBB+ / Baa1 1 - 7,338 1.2 222 1.7

Kimley Horn No Rating Available 3 11.3 6,126 1.0 143 1.1

Travel + Leisure Co. BB- / Ba3 1 14.3 5,702 1.0 182 1.4

Other Various 410,808 68.4 9,358 69.9

Total $600,374 100.0 13,393 100.0

(1) Excludes leases executed at the out of service projects.

(2) Credit rating may reflect the credit rating of the parent or a guarantor. The absence of a credit rating for a tenant is not an indication of the creditworthiness of the tenant; in most cases, the lack of a credit rating reflects that the tenant has not sought such a rating.

(3) The New York City lease is currently in holdover status following the tenant's June 4, 2026 expiration date. Annualized lease revenue reflects the maximum holdover penalty that could be assessed per the lease agreement.

Piedmont Realty TrustTM

Tenant Credit Rating & Lease Distribution

As of June 30, 2026

Tenant Credit Rating

Rating Level (1)

S&P / Moody's

Annualized

Lease Revenue

(in thousands) Percentage of

Annualized Lease

Revenue (%)

AAA / Aaa $15,225 2.5

AA / Aa 90,235 15.0

A / A 72,713 12.1

BBB / Baa 48,650 8.1

BB / Ba 20,749 3.5

B / B 30,749 5.1

Below 1,121 0.2

Not rated (2)

320,932 53.5

Total $600,374 100.0

Lease Distribution

Lease Size Number of Leases Percentage of

Leases (%) Annualized

Lease Revenue

(in thousands) Percentage of

Annualized Lease

Revenue (%) Leased

Square Footage

(in thousands) Percentage of

Leased

Square Footage (%)

2,500 sf or Less 344 34.1 $29,743 5.0 244 1.8

2,501 - 10,000 sf 390 38.6 86,877 14.4 2,057 15.3

10,001 - 20,000 sf 117 11.6 65,361 10.9 1,562 11.7

20,001 - 40,000 sf 86 8.5 95,011 15.8 2,306 17.2

40,001 - 100,000 sf 53 5.3 144,069 24.0 3,237 24.2

Greater than 100,000 sf 19 1.9 179,313 29.9 3,987 29.8

Total 1,009 100.0 $600,374 100.0 13,393 100.0

(1) Credit rating may reflect the credit rating of the parent or a guarantor. Where differences exist between the Standard & Poor's credit rating and the Moody's credit rating for a tenant, the higher credit rating is selected for this analysis.

(2) The classification of a tenant as "not rated" is not an indication of the creditworthiness of the tenant; in most cases, the lack of a credit rating reflects that the tenant has not sought such a rating.

Piedmont Realty TrustTM

Industry Diversification

As of June 30, 2026

($ and square footage in thousands)

Percentage of Leased Percentage

Number of Percentage of Total Annualized Lease Annualized Lease Square of Leased

Industry Tenants Tenants (%) Revenue (ALR) Revenue (%) Footage Square Footage (%)

Business Services 99 12.4 $98,853 16.5 2,340 17.5

Engineering, Accounting, Research, Management & Related Services 97 12.2 76,971 12.8 1,740 13.0

Governmental Entity (1)

5 0.6 59,774 10.0 917 6.8

Legal Services 78 9.8 58,142 9.7 1,282 9.6

Real Estate 47 5.9 27,626 4.6 772 5.8

Depository Institutions 22 2.8 27,082 4.5 691 5.2

Holding and Other Investment Offices 42 5.3 22,586 3.8 499 3.7

Oil and Gas Extraction 4 0.5 22,071 3.7 587 4.4

Miscellaneous Retail 8 1.0 17,626 2.9 333 2.4

Automotive Repair, Services & Parking 10 1.3 17,275 2.9 8 0.1

Security & Commodity Brokers, Dealers, Exchanges & Services 58 7.3 16,800 2.8 399 3.0

Insurance Agents, Brokers & Services 20 2.5 16,778 2.8 393 2.9

Health Services 35 4.4 13,747 2.3 309 2.3

Membership Organizations 20 2.5 12,873 2.1 250 1.9

Eating & Drinking Places 40 5.0 10,595 1.8 278 2.1

Other 212 26.5 101,575 16.8 2,595 19.3

Total 797 100.0 $600,374 100.0 13,393 100.0

(1) Comprised of all levels of governmental entities, including federal (0.7% of ALR), state (4.8% of ALR), and city / local (4.5% of ALR).

Piedmont Realty TrustTM

Geographic Diversification

As of June 30, 2026

($ and square footage in thousands)

Location Number of

Projects Annualized

Lease Revenue Percentage of

Annualized Lease

Revenue (%) Rentable

Square Footage Percentage of

Rentable Square

Footage (%) Leased Square Footage Percent Leased (%)

Atlanta 6 $187,756 31.3 4,736 31.4 4,364 92.1

Dallas 5 114,780 19.1 2,824 18.8 2,595 91.9

Orlando 4 72,487 12.1 1,887 12.5 1,744 92.4

New York 1 63,423 10.6 1,048 7.0 964 92.0

Northern Virginia / Washington, D.C. 5 61,846 10.3 1,587 10.5 1,183 74.5

Minneapolis 3 44,582 7.4 1,434 9.5 1,192 83.1

Boston 3 34,529 5.7 936 6.2 791 84.5

Other 2 20,971 3.5 614 4.1 560 91.2

Total / Weighted Average 29 $600,374 100.0 15,066 100.0 13,393 88.9

Piedmont Realty TrustTM

Geographic Diversification by Location Type

As of June 30, 2026

(square footage in thousands)

CBD URBAN INFILL / SUBURBAN TOTAL

Location Number of

Projects Percentage

Annualized

Lease

Revenue

(%) Rentable

Square

Footage Percentage

of Rentable

Square

Footage

(%) Number of

Projects Percentage

Annualized

Lease

Revenue

(%) Rentable

Square

Footage Percentage

of Rentable

Square

Footage

(%) Number of

Projects Percentage

Annualized

Lease

Revenue

(%) Rentable

Square

Footage Percentage

of Rentable

Square

Footage

(%)

Atlanta 2 10.1 1,309 8.7 4 21.2 3,427 22.7 6 31.3 4,736 31.4

Dallas — — — — 5 19.1 2,824 18.8 5 19.1 2,824 18.8

Orlando 3 10.2 1,578 10.4 1 1.9 309 2.1 4 12.1 1,887 12.5

New York 1 10.6 1,048 7.0 — — — — 1 10.6 1,048 7.0

Northern Virginia / Washington, D.C. 2 4.4 687 4.6 3 5.9 900 5.9 5 10.3 1,587 10.5

Minneapolis 1 4.2 930 6.2 2 3.2 504 3.3 3 7.4 1,434 9.5

Boston — — — — 3 5.7 936 6.2 3 5.7 936 6.2

Other — — — — 2 3.5 614 4.1 2 3.5 614 4.1

Total 9 39.5 5,552 36.9 20 60.5 9,514 63.1 29 100.0 15,066 100.0

Piedmont Realty TrustTM

Portfolio Detail

As of June 30, 2026

(in thousands)

In-Service Assets Energy Star Certification LEED Certification BOMA 360 Certification Percent Ownership Number of Buildings Rentable Square Footage Owned Percent Leased Percent Commenced Leased

Percent Economic Leased (1)

Annualized Lease Revenues

Atlanta

999 Peachtree P P P 100.0% 1 632 74.1 % 58.3 % 53.9 % 21,701

1180 Peachtree P P P 100.0% 1 678 97.0 % 97.0 % 96.4 % 39,038

Galleria on the Park P P P 100.0% 5 2,179 96.3 % 91.3 % 86.1 % 79,065

Glenridge Highlands One and Two P P P 100.0% 2 713 88.1 % 86.2 % 85.5 % 24,380

1155 Perimeter Center West P P P 100.0% 1 377 97.3 % 97.3 % 93.9 % 17,169

The Medici P P 100.0% 1 157 92.3 % 52.9 % 51.0 % 6,403

Market Subtotal / Weighted Average 11 4,736 92.1 % 86.1 % 82.6 % 187,756

Boston

5 Wall P P P 100.0% 1 182 100.0 % 100.0 % 100.0 % 8,145

Wayside Office Park P P 100.0% 2 473 91.9 % 91.9 % 90.4 % 18,346

25 Mall P P 100.0% 1 281 62.2 % 62.2 % 61.1 % 8,038

Market Subtotal / Weighted Average 4 936 84.5 % 84.5 % 83.5 % 34,529

Dallas

Galleria Towers P P P 100.0% 3 1,398 90.3 % 88.8 % 81.7 % 62,874

Park Place on Turtle Creek P P 100.0% 1 184 87.4 % 77.6 % 74.4 % 8,501

6565 MacArthur P P P 100.0% 1 255 87.1 % 85.9 % 85.9 % 8,435

Las Colinas Connection P P 100.0% 3 605 99.9 % 98.6 % 96.5 % 22,166

The Interlink at Las Colinas P P 100.0% 2 382 90.4 % 83.1 % 60.6 % 12,804

Market Subtotal / Weighted Average 10 2,824 91.9 % 89.1 % 81.9 % 114,780

Minneapolis

US Bancorp Center P P P 100.0% 1 930 74.2 % 69.2 % 67.4 % 25,600

Crescent Ridge II P P P 100.0% 1 295 100.0 % 100.0 % 100.0 % 11,539

Norman Pointe I P P 100.0% 1 209 98.8 % 98.8 % 98.8 % 7,443

Market Subtotal / Weighted Average 3 1,434 83.1 % 79.8 % 78.7 % 44,582

New York

60 Broad P 100.0% 1 1,048 92.0 % 92.0 % 90.9 % 63,423

Market Subtotal / Weighted Average 1 1,048 92.0 % 92.0 % 90.9 % 63,423

Orlando

The Exchange on Orange P P P 100.0% 2 779 86.5 % 79.9 % 71.8 % 29,184

CNL Center I and II P P P 99.0% 2 616 95.4 % 95.4 % 94.6 % 26,430

501 West Church 100.0% 1 182 100.0 % 100.0 % 100.0 % 5,706

400 and 500 TownPark P P P 100.0% 2 310 96.9 % 96.9 % 93.1 % 11,167

Market Subtotal / Weighted Average 7 1,887 92.4 % 89.7 % 85.5 % 72,487

In-Service Assets (continued) Energy Star Certification LEED Certification BOMA 360 Certification Percent Ownership Number of Buildings Rentable Square Footage Owned Percent Leased Percent Commenced Leased

Percent Economic Leased (1)

Annualized Lease Revenues

Northern Virginia / Washington, D.C.

4250 North Fairfax P P P 100.0% 1 311 99.6 % 66.2 % 62.0 % 15,175

Arlington Gateway P P P 100.0% 1 331 62.8 % 61.3 % 55.5 % 10,601

3100 Clarendon P P P 100.0% 1 258 85.7 % 84.1 % 72.5 % 9,964

1201 and 1225 Eye Street P P P

(2)

2 478 67.1 % 67.1 % 66.3 % 19,379

400 Virginia P P 100.0% 1 209 59.1 % 59.1 % 58.2 % 6,727

Market Subtotal / Weighted Average 6 1,587 74.6 % 67.4 % 63.2 % 61,846

Other

Enclave Place P P P 100.0% 1 301 100.0 % 100.0 % 100.0 % 12,334

1430 Enclave P P P 100.0% 1 313 82.8 % 82.8 % 82.8 % 8,637

Market Subtotal / Weighted Average 2 614 91.2 % 91.2 % 91.2 % 20,971

In-Service Total 44 15,066 88.9 % 85.1 % 81.4 % 600,374

Out-of-Service Redevelopment Projects (3)

Market Estimated Stabilization Date Current Basis

(in millions) Percent Ownership Number of Buildings Rentable Square Footage Owned Percent Leased Percent Commenced Leased

Percent Economic Leased (1)

Annualized Lease Revenues

9320 Excelsior Minneapolis Q4 2026 39.5 100.0% 1 272 72.0 % 44.9 % 29.9 % 7,181

Meridian Minneapolis Q4 2026 78.9 100.0% 2 399 90.4 % 28.2 % 11.0 % 14,263

Out-of-Service Total 118.4 3 671 82.9 % 35.0 % 18.6 % 21,444

Total Portfolio 47 15,737 88.6 % 82.9 % 78.6 % 621,818

(1) Economic leased percentage excludes the square footage associated with executed but not commenced leases for currently vacant spaces and the square footage associated with tenants receiving rental abatements (after proportional adjustments for tenants receiving only partial rental abatements).

(2) Piedmont owns 98.6% of 1201 Eye Street and 98.1% of 1225 Eye Street; however, it is entitled to 100% of the cash flows for each asset pursuant to the terms of each property ownership entity's joint venture agreement.

(3) These projects have been placed into redevelopment and are currently excluded from our in-service portfolio metrics. During the redevelopment phase, the Company is adding or fully renovating the lobbies, common areas and other tenant amenities, transforming the projects into multi-tenant assets with a distinct focus on hospitality. Assets will be reclassified back to in-service upon the earlier of (a) one year after receiving the final certificate of occupancy for the space or (b) the asset reaching 80 percent occupied (i.e. commenced leased).

Piedmont Realty TrustTM

Property Investment Activity and Land Holdings

As of June 30, 2026

Acquisitions Completed During Prior Year and Current Year

None

Dispositions Completed During Prior Year and Current Year

Property Market / Submarket Disposition Period Percent

Ownership Year Built Square Feet

(in thousands) Sale Price

(in millions)

80 and 90 Central Boston / Boxborough Q2 2025 100% 1988 / 2001 322 29.5

Developable Land Parcels

Property Market / Submarket Adjacent Piedmont Project Acres Book Value

(in millions)

Gavitello Atlanta / Buckhead The Medici 2.0 $2.6

Glenridge Highlands Three Atlanta / Central Perimeter Glenridge Highlands 3.0 2.0

Galleria Atlanta Atlanta / Northwest Galleria on the Park 16.3 24.2

State Highway 161 Dallas / Las Colinas The Interlink at Las Colinas 4.5 3.3

Royal Lane (1)

Dallas / Las Colinas Las Colinas Connection 10.6 2.8

Galleria Dallas Dallas / Lower North Tollway Galleria Office Towers 1.9 6.3

TownPark Orlando / Lake Mary 400 and 500 TownPark 18.4 9.1

Total 56.7 $50.3

(1) During the first quarter of 2026, the Company entered into a binding contract to sell this undeveloped land parcel for $12.0 million. The transaction is expected to close in the second half of 2026.

Piedmont Realty TrustTM

Definitions

Included below are definitions of various terms used throughout this supplemental report, including definitions of certain non-GAAP financial measures and the reasons why the Company’s management believes these measures provide useful information to investors about the Company’s financial condition and results of operations. Reconciliations of any non-GAAP financial measures defined below are included beginning on page 39.

Adjusted Funds From Operations ("AFFO"): The Company calculates AFFO by starting with Core FFO and adjusting for non-incremental capital expenditures and then adding back non-cash items including: non-real estate depreciation, straight-lined rents and fair value lease adjustments, non-cash components of interest expense and compensation expense, and by making similar adjustments for joint ventures, if any. AFFO is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that AFFO is helpful to investors as a meaningful supplemental comparative performance measure of our ability to make incremental capital investments. Other REITs may not define AFFO in the same manner as the Company; therefore, the Company’s computation of AFFO may not be comparable to that of other REITs.

Annualized Lease Revenue ("ALR"): ALR is calculated by multiplying (i) current rental payments (defined as base rent plus operating expense reimbursements, if payable by the tenant on a monthly basis under the terms of a lease that has been executed, but excluding a) rental abatements and b) rental payments related to executed but not commenced leases for space that was covered by an existing lease), by (ii) 12. In instances in which contractual rents or operating expense reimbursements are collected on an annual, semi-annual, or quarterly basis, such amounts are multiplied by a factor of 1, 2, or 4, respectively, to calculate the annualized figure. For leases that have been executed but not commenced relating to unleased space, ALR is calculated by multiplying (i) the monthly base rental payment (excluding abatements) plus any operating expense reimbursements for the initial month of the lease term, by (ii) 12. Unless stated otherwise, this measure excludes revenues associated with development properties and properties taken out of service for redevelopment, if any.

Core EBITDA: The Company calculates Core EBITDA as net income/(loss) (computed in accordance with GAAP) before interest, taxes, depreciation and amortization and removing any impairment charges, gains or losses from sales of property and other significant infrequent items that create volatility within our earnings and make it difficult to determine the earnings generated by our core ongoing business. Core EBITDA is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that Core EBITDA is helpful to investors as a supplemental performance measure because it provides a metric for understanding the performance of the Company’s results from ongoing operations without taking into account the effects of non-cash expenses (such as depreciation and amortization), as well as items that are not part of normal day-to-day operations of the Company’s business. Other REITs may not define Core EBITDA in the same manner as the Company; therefore, the Company’s computation of Core EBITDA may not be comparable to that of other REITs.

Core Funds From Operations ("Core FFO"): The Company calculates Core FFO by starting with FFO, as defined by NAREIT, and adjusting for gains or losses on the extinguishment of swaps and/or debt and any significant non-recurring items. Core FFO is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that Core FFO is helpful to investors as a supplemental performance measure because it excludes the effects of certain infrequent or non-recurring items which can create significant earnings volatility, but which do not directly relate to the Company’s core business operations. As a result, the Company believes that Core FFO can help facilitate comparisons of operating performance between periods and provides a more meaningful predictor of future earnings potential. Other REITs may not define Core FFO in the same manner as the Company; therefore, the Company’s computation of Core FFO may not be comparable to that of other REITs.

EBITDA: EBITDA is defined as net income/(loss) before interest, taxes, depreciation and amortization.

EBITDAre: The Company calculates EBITDAre in accordance with the current National Association of Real Estate Investment Trusts (“NAREIT”) definition. NAREIT currently defines EBITDAre as net income/(loss) (computed in accordance with GAAP) adjusted for gains or losses from sales of property, impairment charges, depreciation on real estate assets, amortization on real estate assets, interest expense and taxes, along with the same adjustments for joint ventures. Some of the adjustments mentioned can vary among owners of identical assets in similar conditions based on historical cost accounting and useful-life estimates. EBITDAre is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that EBITDAre is helpful to investors as a supplemental performance measure because it provides a metric for understanding the Company’s results from ongoing operations without taking into account the effects of non-cash expenses (such as depreciation and amortization) and capitalization and capital structure expenses (such as interest expense and taxes). The Company also believes that EBITDAre can help facilitate comparisons of operating performance between periods and with other REITs. However, other REITs may not define EBITDAre in accordance with the NAREIT definition, or may interpret the current NAREIT definition differently than the Company; therefore, the Company’s computation of EBITDAre may not be comparable to that of such other REITs.

Funds From Operations ("FFO"): The Company calculates FFO in accordance with the current National Association of Real Estate Investment Trusts (“NAREIT”) definition. NAREIT currently defines FFO as net income/(loss) (calculated in accordance with GAAP), excluding depreciation and amortization related to real estate, gains and losses from the sale of certain real estate assets, gains and losses from change in control, and impairment write-downs of certain real estate assets, goodwill, and investment in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, along with appropriate adjustments to those reconciling items for joint ventures, if any. These adjustments can vary among owners of identical assets in similar conditions based on historical cost accounting and useful-life estimates. FFO is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that FFO is helpful to investors as a supplemental performance measure because it excludes the effects of depreciation, amortization and gains or losses from sales of real estate, all of which are based on historical costs, which implicitly assumes that the value of real estate diminishes predictably over time. The Company also believes that FFO can help facilitate comparisons of operating performance between periods and with other REITs. However, other REITs may not define FFO in accordance with the NAREIT definition, or may interpret the current NAREIT definition differently than the Company; therefore, the Company’s computation of FFO may not be comparable to that of such other REITs.

Incremental Capital Expenditures: Incremental Capital Expenditures are defined as capital expenditures of a non-recurring nature that incrementally enhance the underlying assets' income generating capacity. Tenant improvements, leasing commissions, building capital and deferred lease incentives ("Leasing Costs") incurred to lease space that was vacant at acquisition, Leasing Costs for spaces vacant for greater than one year, Leasing Costs for spaces at newly acquired properties for which in-place leases expire shortly after acquisition, improvements associated with the expansion of a building, renovations that change the underlying classification of a building, and deferred building maintenance capital identified at and completed shortly after acquisition are included in this measure.

Non-Incremental Capital Expenditures: Non-Incremental Capital Expenditures are defined as capital expenditures of a recurring nature related to tenant improvements and leasing commissions that do not incrementally enhance the underlying assets' income generating capacity. We exclude first generation tenant improvements and leasing commissions from this measure, in addition to other capital expenditures that qualify as Incremental Capital Expenditures, as defined above.

Property Net Operating Income ("Property NOI"): The Company calculates Property NOI by starting with Core EBITDA and adjusting for general and administrative expense, income associated with property management performed by Piedmont for other organizations and other income or expense items for the Company, such as interest income from loan investments or costs from the pursuit of non-consummated transactions. The Company may present this measure on an accrual basis or a cash basis. When presented on a cash basis, the effects of non-cash general reserve for uncollectible accounts, straight-lined rents and fair value lease revenue are also eliminated. Property NOI is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that Property NOI is helpful to investors as a supplemental comparative performance measure of income generated by its properties alone without the administrative overhead of the Company. Other REITs may not define Property NOI in the same manner as the Company; therefore, the Company’s computation of Property NOI may not be comparable to that of other REITs.

Same Store Net Operating Income ("Same Store NOI"): The Company calculates Same Store NOI as Property NOI attributable to the properties for which the following criteria were met during the entire span of the current and prior year reporting periods: (i) they were owned, (ii) they were not under development / redevelopment, and (iii) none of the operating expenses for which were capitalized. Same Store NOI also excludes amounts attributable to land assets. The Company may present this measure on an accrual basis or a cash basis. Same Store NOI is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company’s operating performance. The Company believes that Same Store NOI is helpful to investors as a supplemental comparative performance measure of the income generated from the same group of properties from one period to the next. Other REITs may not define Same Store NOI in the same manner as the Company; therefore, the Company’s computation of Same Store NOI may not be comparable to that of other REITs.

Same Store Properties: Same Store Properties is defined as those properties for which the following criteria were met during the entire span of the current and prior year reporting periods: (i) they were owned, (ii) they were not under development / redevelopment, and (iii) none of the operating expenses for which were capitalized. Same Store Properties excludes land assets.

Total Gross Assets: Total Gross Assets is defined as total assets with the add-back of accumulated depreciation and accumulated amortization related to real estate assets and accumulated amortization related to deferred lease costs.

Total Gross Real Estate Assets: Total Gross Real Estate Assets is defined as total real estate assets with the add-back of accumulated depreciation and accumulated amortization related to real estate assets.

Piedmont Realty TrustTM

Non-GAAP Reconciliation:

GAAP Net Income / (Loss) to FFO, Core FFO, and AFFO

Unaudited (in thousands)

Three Months Ended Six Months Ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

GAAP net loss applicable to Piedmont $ (11,101) $ (12,920) $ (43,246) $ (13,462) $ (16,808) $ (24,021) $ (26,912)

Depreciation

44,477 43,675 42,497 41,759 40,266 88,152 80,779

Amortization

14,487 15,263 15,166 15,188 14,778 29,750 30,191

Gain on sale of real estate assets

— — — — (1,224) — (2,013)

NAREIT Funds From Operations applicable to common stock 47,863 46,018 14,417 43,485 37,012 93,881 82,045

Adjustments:

Loss on early extinguishment of debt — — 29,788 — 7,500 — 8,000

Core Funds From Operations applicable to common stock 47,863 46,018 44,205 43,485 44,512 93,881 90,045

Adjustments:

Amortization of debt issuance costs and discounts on debt

1,627 1,648 1,598 1,561 1,574 3,275 3,030

Depreciation of non real estate assets 349 351 365 368 369 700 738

Straight-line effects of lease revenue

(5,351) (4,382) (4,305) (6,251) (8,968) (9,733) (18,636)

Stock-based compensation adjustments 2,396 (739) 2,437 2,503 2,396 1,657 2,451

Amortization of lease-related intangibles

(1,660) (1,940) (1,959) (1,959) (1,957) (3,600) (4,019)

Non-incremental capital expenditures

Base Building Costs (3,369) (6,569) (3,695) (3,203) (10,149) (9,938) (15,565)

Tenant Improvement Costs (7,342) (7,840) (11,887) (5,575) (3,809) (15,182) (8,438)

Leasing Commission Costs (3,523) (2,705) (8,050) (4,425) (7,727) (6,228) (9,876)

Adjusted Funds From Operations applicable to common stock $ 30,990 $ 23,842 $ 18,709 $ 26,504 $ 16,241 $ 54,832 $ 39,730

Piedmont Realty TrustTM

Non-GAAP Reconciliation:

GAAP Net Income/(Loss) to Core EBITDA and Same Store Net Operating Income (Cash Basis)

Unaudited (in thousands)

Three Months Ended Six Months Ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

GAAP net loss applicable to Piedmont $ (11,101) $ (12,920) $ (43,246) $ (13,462) $ (16,808) $ (24,021) $ (26,912)

Net income applicable to noncontrolling interest 4 5 6 5 2 9 8

Interest expense 31,874 31,929 32,406 31,968 31,954 63,803 63,631

Depreciation 44,825 44,027 42,862 42,127 40,646 88,852 81,540

Amortization 14,487 15,263 15,166 15,188 14,786 29,750 30,206

Gain on sale of real estate assets — — — — (1,224) — (2,013)

EBITDAre 80,089 78,304 47,194 75,826 69,356 158,393 146,460

Loss on early extinguishment of debt — — 29,788 — 7,500 — 8,000

Core EBITDA 80,089 78,304 76,982 75,826 76,856 158,393 154,460

General and administrative expense 8,237 7,909 7,457 7,607 7,960 16,146 15,523

Management fee revenue (108) (158) (71) (114) (77) (266) (140)

Other income (81) (118) 62 (52) (25) (199) (312)

Straight-line effects of lease revenue (5,351) (4,382) (4,305) (6,251) (8,971) (9,733) (18,640)

Amortization of lease-related intangibles (1,660) (1,940) (1,960) (1,959) (1,957) (3,600) (4,019)

Property net operating income (cash basis) 81,126 79,615 78,165 75,057 73,786 160,741 146,872

Deduct net operating (income) loss from:

Acquisitions — — — — — — —

Dispositions — 45 (31) 54 (447) 45 (1,670)

Other investments (1,117) 327 (1,459) (42) 92 (790) 253

Same store net operating income (cash basis) $ 80,009 $ 79,987 $ 76,675 $ 75,069 $ 73,431 $ 159,996 $ 145,455

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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