Piedmont Realty Trust Posts $50.1 Million in Q3 FFO, Guides Full-Year FFO of $1.55 to $1.57 Per Share

Piedmont Realty Trust, Inc. (PDM) on Monday reported third-quarter funds from operations of $50.1 million, or 39 cents per share, a key profitability measure for the Atlanta-based real estate investment trust. The commercial REIT posted a net loss of $21 million, or 17 cents per share, on revenue of $151.2 million for the period. Funds from operations adds back items such as depreciation and amortization to net income and is closely watched across the REIT industry. Piedmont guided full-year funds from operations to a range of $1.55 to $1.57 per share.