Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q1 2023 Earnings Call Transcript May 2, 2023 9:00 AM ET

Company Participants

Eddie Guilbert - Investor Relations

Brent Smith - President, Chief Executive Officer & Director

George Wells - Chief Operating Officer & EVP

Chris Kollme - EVP of Investments

Bobby Bowers - Chief Financial and Administrative Officer, EVP

Conference Call Participants

Michael Lewis - Truist Securities

Dylan Burzinski - Green Street

Operator

Good morning, everybody. And welcome to the Piedmont Office Realty Trust Incorporated First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Mr. Eddie Guilbert. Eddie, you may begin.

Eddie Guilbert

Thank you, operator, and good morning, everyone. We appreciate you joining us today for Piedmont's first quarter 2023 earnings conference call. Last night we filed our Form 10-Q and 8-K that includes our earnings release and our unaudited supplemental information for the first quarter that's available for review on our website at piedmontreit.com under the Investor Relations section.

During this call, you'll 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 1995. 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 leasing and investment activity and the impact 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've 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 FFO, AFFO and same-store NOI. The definitions and reconciliations of these non-GAAP measures are contained in the earnings release and in the supplemental financial information, which were filed last night.