Piedmont Realty Trust, Inc.

The notes will mature on February 1, 2031, unless earlier exchanged or redeemed or repurchased.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

If a fundamental change (as defined in the indenture that will govern the notes) occurs, then, subject to a limited exception, noteholders may require the Operating Partnership to repurchase their notes for cash.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

The Operating Partnership expects to use approximately $50 million of the net proceeds from the offering to repurchase 5,434,782 shares of Piedmont s common stock from certain purchasers of the notes in privately negotiated transactions effected through one of the initial purchasers or its affiliate concurrently with the pricing of the notes (the concurrent share repurchase ).

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

The price per share of Piedmont s common stock repurchased in the concurrent share repurchase is equal to $9.20, which was the last reported sale price per share of Piedmont s common stock on the New York Stock Exchange on September 14, 2026.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

This concurrent share repurchase could increase (or reduce the size of any decrease in) the market price of Piedmont s common stock prior to, concurrently with or shortly after the pricing of the notes, and could have resulted in a higher effective exchange price for the notes.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

About Piedmont Realty Trust Piedmont Realty Trust (NYSE: PDM) is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

Such information is subject to certain known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

, including risks of default during start-up and during economic downturns; changes in tax laws impacting REITs and real estate in general, as well as our ability to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended, or other tax law changes which may adversely affect our stockholders; the future effectiveness of our internal controls and procedures; and other factors, including the risk factors discussed under Item 1A.

SEC original ↗Piedmont Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Sep 15, 2026

Legal Proceedings 42 Item 1A.

SEC original ↗Piedmont Realty Trust, Inc. — 10-Q Quarterly report10-QOct 26, 2026

The forward-looking statements also involve certain known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement.

SEC original ↗Piedmont Realty Trust, Inc. — 10-Q Quarterly report10-QOct 26, 2026

, including risks of default during start-up and during economic downturns; Changes in tax laws impacting REITs and real estate in general, as well as our ability to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended (the Code ), or other tax law changes which may adversely affect our stockholders; The future effectiveness of our internal controls and procedures; and Other factors, including the risk factors discussed under Item 1A.

SEC original ↗Piedmont Realty Trust, Inc. — 10-Q Quarterly report10-QOct 26, 2026