
• Reported GAAP EPS of -$0.10 down -25.00% YoY • Reported revenue of $143.29M up 0.43% YoY
Bullish
Piedmont achieved increased total revenues and Net Operating Income, driven by strong rent roll-ups of 11.1% cash and 17.8% accrual rents, and maintained robust liquidity with no debt maturities until 2028.
Bearish
Piedmont's net loss increased to $(12.9) million due to higher depreciation and interest expense, while its in-service leased percentage declined, and new leases face significant downtime.