Piedmont Realty Trust: Fourth Quarter Earnings Overview

Piedmont Realty Trust Announces Fourth Quarter Financial Results

Piedmont Realty Trust, Inc., headquartered in Atlanta, shared its financial performance for the fourth quarter on Wednesday.

During this period, the real estate investment trust reported funds from operations totaling $44.2 million, which equates to 35 cents per share.

Funds from operations, a key indicator in the REIT sector, is calculated by adjusting net income to include items like depreciation and amortization.

The company also disclosed a net loss of $43.2 million, or 35 cents per share, for the quarter.

Total revenue for the quarter reached $142.9 million.