Piedmont is changing its debt plan, but it’s unclear how this will affect its earnings per share.

PDM · Piedmont Realty Trust, Inc.

The AI's read

Lowering the coupon trims cash interest paid on some debt, but the financing uses ATM settlements, exchangeable notes and revolver borrowing. The share count could fall or rise after all trades settle, so the deal leaves Core FFO per share unresolved.