Piedmont Office Realty Trust Inc

NYSE:PDMUnited States

Oct 24, 2024

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• -- Earnings Flash (PDM) PIEDMONT OFFICE REALTY TRUST Reports Q3 FFO $0.36, from 4:15PM ET on Thursday Oct 24, 2024 by MT Newswires

  4:15PM ET on Thursday Oct 24, 2024 by MT Newswires
  Companies Mentioned: PDM
  04:15 PM EDT, 10/24/2024 (MT Newswires) -- ...

• Piedmont Office Realty Trust Reports Third Quarter 2024 Results, from 4:15PM ET on Thursday Oct 24, 2024 by Dow Jones

  4:15PM ET on Thursday Oct 24, 2024 by Dow Jones
  Companies Mentioned: PDM
  -- 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 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 and regulations, 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, 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 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. (the "Operating Partnership") or the credit ratings of our or the Operating Partnership'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 inflation and potential increases in the rate of inflation, including the impact of a possible recession, 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; -- Actual or threatened public health epidemics or outbreaks, such as the COVID-19 pandemic, as well as governmental and private measures taken to combat such health crises; and -- Other factors, including the risk factors described in Item 1A. of our Annual Report on Form 10-K for the year ended December 31, 2023.