The following table summarizes the terms of Piedmont’s consolidated indebtedness outstanding as of June 30, 2026 and December 31, 2025 (in thousands):


Facility (1)	Stated Rate			Effective Rate (2)			Maturity		Amount Outstanding as of
									June 30, 2026		December 31, 2025
Secured (Fixed)
$197 Million Fixed Rate Mortgage	4.10	%		4.10	%		10/1/2028		$	186,966	$	188,822











Unsecured (Variable and Fixed)











$600 Million Unsecured 2022 Line of Credit	SOFR + 1.05%		(3)	4.73	%	(4)	6/30/2028	(5)	—		47,000
$400 Million Unsecured 2026 Term Loan	SOFR + 1.15%		(3)	4.85	%	(6)	5/28/2031		400,000		325,000
$600 Million Unsecured Senior Notes due 2028	9.25	%		9.25	%		7/20/2028		287,258		287,258
$400 Million Unsecured Senior Notes due 2029	6.88	%		7.11	%		7/15/2029		400,000		400,000
$300 Million Unsecured Senior Notes due 2030	3.15	%		3.90	%		8/15/2030		300,000		300,000
$300 Million Unsecured Senior Notes due 2032	2.75	%		2.78	%		4/1/2032		300,000		300,000
$400 Million Unsecured Senior Notes due 2033	5.63	%		5.73	%		1/15/2033		400,000		400,000
Unamortized discounts and debt issuance costs									(23,287)		(23,368)
Subtotal/Weighted Average				5.62	%				$	2,063,971	$	2,035,890
Total/Weighted Average				5.50	%				$	2,250,937	$	2,224,712

(1)All of Piedmont’s outstanding debt as of June 30, 2026 is unsecured and interest-only until maturity, except for the $197 Million Fixed Rate Mortgage, which is secured by 1180 Peachtree Street.

(2)Effective rate after consideration of settled or in-place interest rate swap agreements and issuance discounts.

(3)The all-in interest rates associated with the SOFR selections are comprised of the base SOFR interest rate and a stated interest rate spread that can vary from 0.72% to 1.40% on the $600 Million Unsecured 2022 Line of Credit and 0.75% to 1.55% on the $400 Million Unsecured 2026 Term Loan based upon the then current credit rating (as defined in the respective loan agreement) of Piedmont or Piedmont OP.

(4)On a periodic basis, Piedmont may select from multiple interest rate options, including the prime rate and various-length SOFR locks on all or a portion of the principal.

(5)Piedmont may extend the term of the $600 Million Unsecured 2022 Line of Credit for up to two additional years (through two available one-year extensions to a final extended maturity date of June 30, 2030); provided that Piedmont is not then in default and upon payment of extension fees.

(6)The facility has a stated variable rate; however, Piedmont has entered into interest rate swap agreements which effectively fix, subject to changes to Piedmont's credit rating (as defined in the term loan agreement), $200 million of the principal balance at a

4.94% interest rate through June 1, 2028. The rate presented is the weighted-average rate for the effectively fixed and variable portions of the debt outstanding as of June 30, 2026 (see Note 4).