Piedmont Realty Trust Q4 FFO Hits $0.36, Upholds $0.30 Dividend
Piedmont Realty Trust reported Q4 normalized FFO of $0.36 per share, up 4.2% year-over-year, and declared a quarterly dividend of $0.30 per share. Same-store net operating income rose 5% to $22.5 million with portfolio occupancy at 94.3%, and management maintained full-year 2026 FFO guidance of $1.46 to $1.52 per share.
1. Q4 Financial Results
Piedmont Realty Trust reported normalized funds from operations of $0.36 per share in the fourth quarter, marking a 4.2% increase year-over-year. Same-store net operating income climbed 5% to $22.5 million, while overall portfolio occupancy reached 94.3%, and the board declared a $0.30 per share quarterly dividend.
2. Guidance and Outlook
Management maintained its full-year 2026 FFO guidance range of $1.46 to $1.52 per share, citing stable leasing spreads and continued demand in its industrial portfolio. The outlook assumes mid-single-digit growth in same-store earnings and consistent occupancy levels across core assets.