Q3 2024 Piedmont Office Realty Trust Inc Earnings Call

In This Article:

Participants

Laura Moon; Chief Accounting Officer, Senior Vice President; Piedmont Office Realty Trust Inc

C. Brent Smith; President, Chief Executive Officer, Director; Piedmont Office Realty Trust Inc

George Wells; Chief Operating Officer, Executive Vice President; Piedmont Office Realty Trust Inc

Christopher Kollme; Executive Vice President - Investments and Strategy; Piedmont Office Realty Trust Inc

Unidentified Company Representative; Company Representative; Piedmont Office Realty Trust Inc

Anthony Paolone; Analyst; JPMorgan

Michael Lewis; Analyst; Truist Securities

Nicholas Thillman; Analyst; Robert W. Baird & Co., Inc

Dylan Brzyski; Analyst; Green Street

Presentation

Operator

Greetings, welcome to the Piedmont Office Realty Trust Incorporated third quarter, 2024 earnings call. At this time, all participants are in a listen-only mode, a question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Laura Moon. You may begin.

Laura Moon

Thank you, operator, and good morning, everyone. We appreciate you joining us today for Piedmont's third quarter, 2024 earnings conference call. Last night we filed our form 10 Q and 8K that includes our earnings release and our unaudited supplemental information for the third quarter of 2024. That is available for your review on our website at Piedmontreit dotcom under the investor relations section. During this call, you will hear from senior officers at Piedmont. Their prepared remarks followed by answers to your questions will contain forward-looking statements as defined in the private Securities Litigation Reform Act of 1,995. These forward-looking statements address matters which are subject to risks and uncertainties and therefore actual results may differ from those we anticipate and discuss today. The risks and uncertainties of these forward-looking statements are discussed in our press release as well as our sec filings. We encourage everyone to review the more detailed discussion related to risks associated with forward-looking statements in our sec filings. Examples of forward-looking statements include those related to Piedmont's future revenues and operating income dividends and financial guidance, future finance, leasing and investment activity and the impacts of this activity on the company's financial and operational results. You should not place any undue reliance on any of these forward-looking statements and these statements are based upon the information and estimates we have reviewed as of the date. The statements are made also on today's call. Representatives of the company may refer to certain non GAAP financial measures such as FFO core, FFOAFFO and Same Store. No, I the definitions and reconciliations of these non GAAP measures are contained in the earnings release and supplemental financial information which were filed last night at this time. Our President and Chief Executive Officer, Brent Smith will provide some opening comments regarding third quarter operating results. Brent,

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