Piedmont Realty Trust: Q4 Earnings Snapshot

By The Associated Press
February 11, 2026 | 4:47 PM

ATLANTA (AP) — ATLANTA (AP) — Piedmont Realty Trust, Inc. (PDM) on Wednesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Atlanta, said it had funds from operations of $44.2 million, or 35 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $43.2 million, or 35 cents per share.

The commercial real estate investment trust, based in Atlanta, posted revenue of $142.9 million in the period.

For the year, the company reported funds from operations of $177.7 million. Revenue was reported as $565 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDM at https://www.zacks.com/ap/PDM

Lala becomes Category 1 hurricane as it bears down on Hawaii’s Big Island

August 15, 2026 | 5:33 PM

▶ Watch Video: What to expect as Tropical Storm Lala nears Hawaii's Big Island Hurricane Lala is now a Category 1 storm as it approaches Hawaii's Big Island, where it will bring heavy rain, life-threatening flooding and mudslides, as well as dangerous surf and rip currents to the area, forecasters said. The weather system strengthened into a hurricane with maximum sustained winds of 75 mph Saturday. A tropical storm becomes a hurricane when its maximum sustained winds reach 74 mph.In a video posted to social media Saturday morning local time, Hawaii Gov. Josh Green said the Big Island was seeing about 2 inches of rain per hour. Green said somewhere between 5,000 and 6,000 Hawaiian Electric customers had lost power so far. "People should be sheltering in place now," Green said. In the National Hurricane Center's latest advisory, Lala was located about 65 miles south-southeast of South Point, Hawaii — the southernmost point of the Big Island — and 275 miles southeast of Honolulu. It was moving northwest at 8 mph. The hurricane center said that Lala was "slowing down and turning northwest as it begins to interact" with the Big Island, noting that it could see "erratic motion" during this period. It was still unclear if Lala's core would make landfall in Hawaii. A hurricane has not made landfall in the state since Hurricane Iniki in 1992. A satellite image of Hurricane Lala at 5 p.m. ET on Aug. 15, 2026, as it bears down on Hawaii. NOAA

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