Piedmont Office Realty Trust Announces Receipt of Proceeds From Payoff of New Jersey Notes Receivable

The proceeds were used to pay down the Company’s $500 million line of credit to a balance of approximately $85 million. As previously disclosed during the last quarter-end investor call, the timing of the early payoff was anticipated and included in the Company’s guidance for 2022; therefore, there is no change to its core funds from operations guidance due to the payoff of the notes.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody’s (Baa2). Piedmont is a 2021 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.

Contact: Eddie Guilbert

Company: Piedmont Office Realty Trust

Phone: 770 418 8800

Email: Investor.relations@piedmontreit.com