2 unchanged sentences
Our common stock is listed on the New York Stock Exchange under the symbol “PDM.” As of February 16, 2021, there were 8,724 common stockholders of record of our common stock.
+Added: Distributions
+Added: We intend to make distributions each taxable year equal to at least 90% of our REIT taxable income (not including a return of capital for federal income tax purposes).
+Added: One of our primary goals is to pay regular quarterly distributions to our stockholders.
+Added: The amount of distributions paid and the taxable portion thereof in prior periods are not necessarily indicative of amounts anticipated in future periods.
+Added: The amount of distributions to common stockholders is determined by our board of directors and is dependent upon a number of factors, including funds deemed available for distribution, based principally on our current and future projected operating cash flows reduced by capital requirements necessary to maintain our existing portfolio, our future capital needs, our future sources of liquidity, and the annual distribution requirements necessary to maintain our status as a REIT under the Code.
+Added: Our board of directors declared a $0.21 dividend for each of the four quarters of 2020.
+Added: Index to Financial Statements
Performance Graph
9 unchanged sentences
S&P 500 $ 100.00 $ 111.96 $ 136.40 $ 130.42 $ 171.49 $ 203.04
+Added: The performance graph above is being furnished as part of this Annual Report solely in accordance with the requirement under Rule 14a-3(b)(9) to furnish Piedmont’s stockholders with such information and, therefore, is not deemed to be filed with the SEC or subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and should not be deemed to be incorporated by reference into any of our prior or subsequent filings under the Securities Act of 1933, as amended.
Index to Financial Statements
−Removed: The performance graph above is being furnished as part of this Annual Report solely in accordance with the requirement under Rule 14a-3(b)(9) to furnish Piedmont’s stockholders with such information and, therefore, is not deemed to be filed, or incorporated by reference in any filing, by Piedmont under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Purchases of Equity Securities By the Issuer and Affiliated Purchasers
−Removed: During the quarter ended December 31, 2019, we did not repurchase any shares of our common stock in the open market.
+Added: During the quarter ended December 31, 2020, we repurchased and retired approximately 2.2 million shares of our common stock in the open market as part of our board-authorized stock repurchase plan as follows:
Period Total Number of
14 unchanged sentences
Total 2,190 $ 14.00 2,190
−Removed: (1) Amounts available for purchase relate only to our Board-authorized stock repurchase plan under our authorization to repurchase shares of our common stock through February 21, 2020.
−Removed: On February 19, 2020, Piedmont's Board of Directors extended the authorization of our stock repurchase program for up to $200 million in share repurchases through February 2022, at the discretion of management.
−Removed: Further, on February 19, 2020, Piedmont's Board of Directors suspended the company-funded Dividend Reinvestment Plan offered through our transfer agent effective March 21, 2020.
+Added: (1) Amounts available for purchase relate only to remaining capacity under our stock repurchase plan as of December 31, 2020.
+Added: On February 19, 2020, our Board of Directors authorized the repurchase of up to $200 million of shares of our common stock pursuant to the stock repurchase plan between February 2020 and February 2022, at the discretion of management, of which $169.3 million of capacity remained as of December 31, 2020.
Index to Financial Statements
11 unchanged sentences
Interest and other expense $ (61,739) $ (60,023) $ (61,065) $ (63,622) $ (64,477)
−Removed: Gain on sale of real estate assets not classified as discontinued operations $ 197,010 $ 75,691 $ 115,874 $ 93,410 $ 129,683
−Removed: Income from continuing operations $ 229,256 $ 130,291 $ 133,549 $ 99,717 $ 131,236
+Added: Gain on sale of real estate assets $ 205,666 $ 197,010 $ 75,691 $ 115,874 $ 93,410
+Added: Net income $ 232,685 $ 229,256 $ 130,291 $ 133,549 $ 99,717
Per-Share Data:
21 unchanged sentences
Loss on extinguishment of debt 9,336 — 1,680 — —
−Removed: Net loss/(recoveries) of casualty loss and litigation settlements — — — (34) 278
+Added: Net recoveries of casualty loss and litigation settlements — — — — (34)
Core Funds From Operations applicable to common stock (1)
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.