Piedmont Realty Trust, Inc.

General Piedmont Realty Trust, Inc. is a Maryland corporation that operates as a real estate investment trust (REIT) for federal income tax purposes. The company focuses on the ownership, management, development, redevelopment, and operation of high-quality, Class A office properties, primarily in major U.S. Sunbelt markets. Incorporated in 1997, Piedmont commenced operations in 1998, conducting business through its wholly-owned subsidiary, Piedmont Operating Partnership, L.P. Piedmont is a fully integrated, self-managed real estate investment company. As an owner, manager, developer, and operator, it manages approximately 16 million square feet (unaudited) of Class A properties across major U.S. Sunbelt markets. As of December 31, 2025, the company owned and operated a portfolio of 29 in-service projects and three redevelopment projects. The in-service office projects totaled approximately 14.9 million square feet (unaudited) and were 89.6% leased. The redevelopment projects were approximately 62% leased as of December 31, 2025. Over 70% of the company's Annualized Lease Revenue (ALR) is generated from properties in its Sunbelt markets. Piedmont leases space to corporate tenants from multiple industries, with an average lease size of approximately 14,000 square feet and an average lease term remaining of six years as of December 31, 2025. The tenant base primarily consists of investment grade or nationally recognized corporations or governmental agencies, which contribute the majority of the company's ALR. No single tenant accounts for more than 5% of Piedmont's ALR.