UPLOAD Filing
Piedmont Realty Trust, Inc.
Date: May 28, 2025 · CIK: 0001042776 · Accession: 0000000000-25-005608
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-34626
Letter
Re: Piedmont Office Realty Trust, Inc. Form 10-K for the year ended December 31, 2024 Filed on February 19, 2025 File No. 001-34626 Dear Sherry Rexroad:
May 28, 2025
Sherry Rexroad Chief Financial Officer Piedmont Office Realty Trust, Inc. 5565 Glenridge Connector Ste. 450 Atlanta, Georgia 30342
We have reviewed your filing and have the following comments.
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the year ended December 31, 2024 6. Impairment Charges, page F-23
1. Please revise your disclosure to include the goodwill disclosures required by ASC 350-20-50-1 for each of your reportable segments as well as in total. 2. We note your disclosure that you recorded losses for impairment on real estate assets in 2024 and 2022. Please tell us and revise future filings to disclose the segment in which the impaired long-lived asset (asset group) is reported. Refer to ASC 360-10- 50-2(d).
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Ameen Hamady at 202-551-3891 or Shannon Menjivar at 202-551- May 28, 2025 Page 2
3856 if you have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of
Corporation Finance
Office of Real Estate
& Construction
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> May 28, 2025 Sherry Rexroad Chief Financial Officer Piedmont Office Realty Trust, Inc. 5565 Glenridge Connector Ste. 450 Atlanta, Georgia 30342 Re: Piedmont Office Realty Trust, Inc. Form 10-K for the year ended December 31, 2024 Filed on February 19, 2025 File No. 001-34626 Dear Sherry Rexroad: We have reviewed your filing and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the year ended December 31, 2024 6. Impairment Charges, page F-23 1. Please revise your disclosure to include the goodwill disclosures required by ASC 350-20-50-1 for each of your reportable segments as well as in total. 2. We note your disclosure that you recorded losses for impairment on real estate assets in 2024 and 2022. Please tell us and revise future filings to disclose the segment in which the impaired long-lived asset (asset group) is reported. Refer to ASC 360-10- 50-2(d). We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Ameen Hamady at 202-551-3891 or Shannon Menjivar at 202-551- May 28, 2025 Page 2 3856 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Real Estate & Construction </TEXT> </DOCUMENT>