ADDED
As of February 12, 2026, 124,849,529 shares of common stock were outstanding.
Such factors include, but are not limited to, the following: Economic, regulatory, socio-economic, technological (e.g.
("Piedmont OP") or the credit ratings of our or Piedmont OP's unsecured debt securities, which could, among other effects, trigger an increase in the stated rate of one or more of our unsecured debt instruments; The effect of future offerings of debt or equity securities on the value of our common stock; Additional risks and costs associated with adverse U.S.
and global economic conditions; price and volume fluctuations in the public market, including on the New York Stock Exchange; future offering of debt securities; market interest rate changes and resulting effect on the value of our common stock; securities analysts' coverage of our common stock; and failure of any bank in which we deposit our funds.
Operating Objectives and Strategy Piedmont is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment.
As an owner, manager, developer and operator of approximately 16 million square feet (unaudited) of Class A properties across major U.S.
Sunbelt markets, we are known for our hospitality-driven approach and commitment to transforming buildings into premier Piedmont PLACEs that enhance each client s workplace experience.
As of December 31, 2025, we 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.
Our redevelopment projects were approximately 62% leased as of December 31, 2025.
REMOVED
As of February 18, 2025, 124,291,670 shares of common stock were outstanding.
Such factors include, but are not limited to, the following: Economic, regulatory, socio-economic (including work from home and "hybrid" work policies), technological (e.g.
Operating Objectives and Strategy As of December 31, 2024, we owned and operated a portfolio of 30 in-service projects and three redevelopment projects.
The in-service office projects total approximately 15.3 million square feet (unaudited) of primarily Class A office space and were 88.4% leased.
Only one tenant, the State of New York at our 60 Broad Street project, accounts for more than 5% of our ALR.
As of December 31, 2024, properties representing approximately 97% of our portfolio (based on square footage) had achieved such a designation, recognizing excellence in building operations and management and counting us among the top ten companies nationwide with the most BOMA360 certified buildings.
During 2024, we: were recognized as an ENERGY STAR Partner of the Year for the fourth consecutive year, this year adding the prestigious Sustained Excellence designation; achieved a maximum 5 star designation and Green Star recognition with scores ranking in the top decile of all participating listed U.S.
companies from GRESB Real Estate Assessment; and were selected as a 2023 Green Lease Leader by the Institute for Market Transformation and the U.S.
Approximately 72% of our portfolio (based on square footage) has achieved and maintains Leadership in Energy and Environmental Design ("LEED") certification and 61% of our portfolio is certified LEED Gold or higher.
As our environmental programs have been ongoing for several years under the coordinated supervision of our National Vice President of Sustainability, we currently do not anticipate incurring any unusually large or material capital expenditures within any given year in order to meet these goals.