speaker
Operator
Conference Call Operator

Good day, ladies and gentlemen, and welcome to the Piedmont Office Realty Trust Second Quarter 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode, and we will open up the floor for questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Eddie Gilbert. Sir, the floor is yours.

speaker
Eddie Gilbert
Senior Vice President, Investor Relations

Thank you, operator. Good morning, everyone. We appreciate you joining us today for Piedmont's second quarter 2022 earnings conference call. Last night, we filed our form 10Q and an 8K that includes our earnings release and our unaudited supplemental information for the second quarter. It's available for your review on our website at piedmontreat.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 impacts 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 speak as of the date they 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. At this time, our President and Chief Executive Officer, Brent Smith, will provide some opening comments. Brent?

speaker
Brent Smith
President and Chief Executive Officer

Good morning and thank you again for joining us on today's call as we review our financial and operating results for the second quarter of 2022. In addition to Eddie, on the line with me this morning are George Wells, our Chief Operating Officer, Chris Colmay, our EVP of Investments, and Bobby Bowers, our Chief Financial Officer, as well as other members of the senior management team. During the second quarter, we continue to experience the strong leasing momentum that we've witnessed the last several quarters, marking our fourth quarter in a row of new tenant leasing that is more than 200,000 square feet. As a reminder, this level of new tenant leasing is above our pre-pandemic levels, and I believe it validates our strategy over the last few years of investing in premier assets within targeted Sunbelt growth markets. Assets with great amenities and walkable infill environments, and with sustainability and wellness placed top of mind. To that end, during the quarter, we laid the groundwork for our second Midtown Atlanta acquisition in less than 12 months. We anticipate closing on 1180 P Street Street during the third quarter, which will make Piedmont the largest single owner of Midtown office space on this iconic street. Chris will discuss more about this strategic transaction in a minute. And to round out the quarter, we continue to deliver consistent financial results with core FFO of of $0.50 per share, and cash same-store NRI growth on trend with guidance. At this time, I'm going to turn the call over to George Wells, our COO, to review this quarter's leasing activity with you in greater detail. George?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-