Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

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Earnings data Q4 2024

Piedmont Office Realty Trust excels in leasing and Sunbelt focus

Piedmont Office Realty Trust demonstrated strong performance in leasing, financial results, and strategic focus on Sunbelt markets and tenant needs.
While facing challenges from rising interest expenses and market variations, the company remains optimistic about growth opportunities and portfolio stability.
Renewal of key leases, limited tech layoffs exposure, and positive market prospects position Piedmont well for 2023 despite cautious asset sale plans.
Management's prudent approach to financial decisions and focus on core operations underscore Piedmont's resilience and adaptability in a changing market.

Piedmont Office Realty Trust (PDM) reports robust leasing and financial performance

Piedmont Office Realty Trust (PDM) showcased strong leasing performance and financial stability in Q1 2023. Despite market challenges, the company's strategy of offering quality workspaces at competitive rates is driving demand. Management is actively addressing concerns and exploring opportunities for future growth and partnerships.

Piedmont Office Realty Trust reports Q2 operational resilience and challenges

Piedmont Office Realty Trust (PDM) navigated Q2 2023 with a focus on refinancing, leasing success, and operational resilience. Despite facing challenges in growth and asset optimization, the company remains well-positioned to capitalize on market opportunities and drive operational growth.

Piedmont Office Realty Trust reports resilient performance amidst market challenges

Piedmont Office Realty Trust showcased strength in leasing and portfolio performance despite challenges in select submarkets.
The company remains optimistic about leasing trends and operational performance, aiming for an 87% lease percentage by year-end.
Strategic efforts to reduce debt, maintain liquidity, and capitalize on leasing opportunities position Piedmont for future growth.
Overall, Piedmont expressed confidence in the office sector, inviting further discussions and promoting itself as a compelling investment opportunity.

Piedmont Office Realty Trust surpasses leasing goals, eyes debt reduction

Piedmont Office Realty Trust showcased robust leasing performance, defying negative office space sentiments. The company's strategic leasing approach and debt refinancing efforts position it well for future growth. Challenges include limited acquisition activity and potential delays in occupancy projections.

Piedmont Office Realty Trust (PDM) excels in Q1 2024, eyes growth opportunities

Piedmont Office Realty Trust (PDM) delivered a strong performance in Q1 2024, driven by leasing momentum and balance sheet improvements.
The company's focus on core business, modern workplace environments, and strategic financial management positions it well for future growth.
While challenges like potential market troughs and execution risks exist, PDM's opportunities in targeted acquisitions and value-add strategies offer avenues for expansion.

Piedmont Office Realty Trust reports strong Q3 performance and optimistic outlook

Piedmont Office Realty Trust (PDM) delivers a strong performance in Q3 2024, marked by robust leasing activity and solid financial results.
The company's strong liquidity position, positive market trends, and future guidance reflect confidence in sustained growth and operational resilience.
While facing challenges in maintaining growth amidst market dynamics, Piedmont Office Realty Trust remains well-positioned to capitalize on opportunities for portfolio expansion and revenue enhancement.

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Piedmont Office Realty Trust, Inc. engages in the ownership, management, development, redevelopment, and operation of office properties. It operates through the following geographical segments: Atlanta, Dallas, Orlando, Northern Virginia/Washington, D.C., Minneapolis, New York, and Boston. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

Piedmont Office Realty Trust owns and operates Class-A office properties in the Sunbelt region of the U.S., with greater exposure to the Atlanta and Dallas markets. The company remains my top pick, despite recent weakness.

Piedmont Office Realty Trust: The Valuation Is Too Cheap To Ignore

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Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q1 2023 Earnings Call Transcript May 2, 2023 9:00 AM ET Company Participants Eddie Guilbert - Investor Relations Brent Smith - President, Chief Executive Officer & Director George Wells - Chief Operating Officer & EVP Chris Kollme - EVP of Investments Bobby Bowers - Chief Financial and Administrative Officer, EVP Conference Call Participants Michael Lewis - Truist Securities Dylan Burzinski - Green Street Operator Good morning, everybody. And welcome to the Piedmont Office Realty Trust Incorporated First Quarter 2023 Earnings Call.

Piedmont Office Realty Trust, Inc. (PDM) Q1 2023 Earnings Call Transcript

Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.51 per share a year ago.

Piedmont Office (PDM) Matches Q1 FFO Estimates

Atlanta, May 01, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended March 31, 2023.

Piedmont Office Realty Trust Reports First Quarter 2023 Results

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Atlanta, April 14, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, May 1, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, May 2, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.

Piedmont Office Realty Trust, Inc to Report First Quarter 2023 Financial Results

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Atlanta, March 29, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced that the U.S. Environmental Protection Agency and the U.S. Department of Energy have recognized the company as a 2023 ENERGY STAR Partner of the Year, marking the third year in a row that Piedmont has achieved the designation.

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Award For Third Year In A Row

Piedmont Office Realty Trust owns and operates a portfolio of Class-A office properties, located primarily in the Sunbelt operating market. In the face of industry headwinds, the company posted strong leasing results in 2022, further improving their current portfolio metrics.

Piedmont Office Realty Trust: Still My Top Stock Pick For 2023

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Piedmont shares have declined 11% in the last two weeks on no news. Piedmont owns a high quality collection of Class A Office buildings, primarily in sunbelt markets like Atlanta, Dallas, and Orlando.

Piedmont: I'm Collecting A 9% Yield While Waiting For Shares To Recover

Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Eddie Guilbert - Executive Vice President, Finance & Treasurer Brent Smith - President & Chief Executive Officer George Wells - Chief Operating Officer Chris Kollme - Executive Vice President, Investments Bobby Bowers - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Dave Rodgers - Baird Michael Lewis - Truist Securities Dylan Burzinski - Green Street Operator Greetings and welcome to the Piedmont Office Realty Trust Incorporated Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Piedmont Office Realty Trust, Inc. (PDM) Q4 2022 Earnings Call Transcript

Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 2.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office (PDM) Meets Q4 FFO Estimates

Atlanta, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter and year ended December 31, 2022.

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2022 Results

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Office REITs Look Cheap But There Could Be More Pain Ahead

Atlanta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2022 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.

PIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS

Atlanta, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 8, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, February 9, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period.

Piedmont Office Realty Trust, Inc to Report Fourth Quarter and Annual 2022 Financial Results

The office sector is among the worst performing industries, with many components down well over 30% over the past year. Despite the reversal of many trends that gained steam during the COVID-19 pandemic, offsite working arrangements have largely remained fixed.

Investors Are Quietly Quitting On The Office Sector, Should You?

Piedmont Office Realty Trust is a beaten down office REIT that is down over 50% YTD. Its share price performance, however, is materially disconnected with their YTD leasing performance and future prospects.

Piedmont Office Realty: My Top 2023 Stock Pick

Atlanta, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that it has completed the sales of its two Cambridge, MA assets, One Brattle Square and 1414 Massachusetts Avenue. The combined proceeds of approximately $160 million from the two sales were used to pay off the outstanding balance on the Company's $600 million line of credit, leaving the full capacity of the line currently available. Additionally, during December, the Company addressed its largest near-term debt maturity by amending its $200 million unsecured term loan facility to extend the final maturity date to June 2025. All other terms of the facility remain unchanged.

Piedmont Office Realty Trust Completes Sales of Cambridge Assets and Extends $200 Million Term Loan

Atlanta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today the appointment of Mary Hager, Executive Director at global real estate investment management firm, Greystar, to its Board of Directors. With Hager's appointment, Piedmont's board of directors now consists of nine total members.

Piedmont Office Realty Trust Expands Board with Appointment of Mary Hager

Piedmont Office Realty Trust owns a portfolio of Class A office properties located primarily in the Sunbelt region of the U.S. The company is on track to end the year with leasing volumes consistent with historical averages.

Piedmont Office Realty Trust: The Atlanta Market Will Carry It Forward

Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Eddie Guilbert - EVP, Finance & Treasurer Brent Smith - President, CEO & Director George Wells - COO & EVP Christopher Kollme - EVP of Investments Robert Bowers - Chief Financial and Administrative Officer, EVP Conference Call Participants Daniel Ismail - Green Street Advisors Anthony Paolone - JPMorgan Operator Good day ladies and gentlemen, and welcome to the Piedmont Office Realty Trust Third Quarter 2022 Earnings Conference Call. At this time all participants have been placed on a listen-only mode then we will open up the floor for your questions and comments after the presentation.

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