BLDG Volume Surges as Piedmont Office Earnings Spark Interest

Cambria Global Real Estate ETF (BLDG) has seen unusual trading volume, which is 45× higher than its average daily volume.

Among its largest holdings, Piedmont Office Realty Trust is in focus after an upbeat Q1 earnings call that highlighted accelerating leasing activity, rising occupancy, strong rent roll-ups, and higher 2026 NOI and FFO guidance, even as its dividend remains suspended and large 2026–2027 lease rollovers pose risks. Fellow office landlord Cousins Properties also reported a confident Q1 update, beating FFO expectations, raising guidance, and showcasing record leasing and rent growth alongside an accretive asset purchase and expanded buybacks, while acknowledging elevated leverage and rate sensitivity. Kilroy Realty drew attention with insider selling by its chief leasing officer and a Q1 update that showed the strongest first-quarter leasing since 2017, improved guidance, and balance-sheet strengthening via asset sales and debt reduction, and Invitation Homes continued to be supported by analysts and AI models after a cautiously optimistic Q1 call that emphasized high occupancy, steady cash flows, and aggressive buybacks amid pressure on new-lease growth, margins, and valuations.