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 Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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's (PDM) CEO Brent Smith on Q4 2021 Results - Earnings Call Transcript

Atlanta, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S. markets with a majority of its revenue being generated from the Sunbelt, today announced its results for the quarter and year ended December 31, 2021.

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2021 Results

Atlanta, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2021 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 2021 DIVIDENDS

Atlanta, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter financial results on Monday, February 7, 2022, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, February 8, 2022, at 10:00 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 2021 Financial Results

Piedmont Office Realty Trust continues to chug along with no real signs of a recovery on its top or bottom lines.

Piedmont Office Realty Trust: Still Cheap And Still For A Reason

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q3 2021 Results - Earnings Call Transcript

Piedmont Office (PDM) delivered FFO and revenue surprises of 2.04% and 0.06%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office (PDM) Q3 FFO and Revenues Top Estimates

Atlanta, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S. markets with a majority of its revenue being generated from the Sunbelt, today announced its results for the quarter ended September 30, 2021.

Piedmont Office Realty Trust Reports Third Quarter 2021 Results and Raises Guidance

Atlanta, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Wednesday, October 27, 2021, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, October 28, 2021, at 11:00 a.m. Eastern daylight 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 third quarter performance, discuss recent events and conduct a question-and-answer period.

Piedmont Office Realty Trust, Inc to Report Third Quarter 2021 Financial Results

Piedmont Office Realty Trust continues on with its mediocre performance, even in the current fiscal year.

Piedmont Office Realty Trust: Opinion Unchanged

Let's see if Piedmont Office (PDM) stock is a good choice for value-oriented investors right now from multiple angles.

Is Piedmont Office (PDM) a Great Stock for Value Investors?

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q2 2021 Results - Earnings Call Transcript

Atlanta, July 28, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S. markets with a majority of its revenue being generated from the Sunbelt, today announced its results for the quarter ended June 30, 2021.

Piedmont Office Realty Trust Reports Second Quarter 2021 Results and Raises Midpoint of 2021 Guidance

Atlanta, July 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 28, 2021, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, July 29, 2021, at 11:00 a.m. Eastern daylight time and will be broadcast live in listen-only mode on the company's investor relations website at http://investor.piedmontreit.com/news-and-events/events-calendar. During the conference call, the Company's management team will review second quarter performance, discuss recent events and conduct a question-and-answer period.

Piedmont Office Realty Trust, Inc to Report Second Quarter 2021 Financial Results

Atlanta, June 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today in advance of the National Association of Real Estate Investment Trusts' Annual Investor Conference which begins on June 8th that it has completed approximately 230,000 square feet of leasing transactions during the Second Quarter of 2021 through May, with approximately 60% related to new tenant leasing. This completed leasing total excludes the progress on the previously-reported 5-year, 313,000 square foot renewal negotiation with the City of New York at 60 Broad Street, which cleared the final stage of the public hearing review process in late May and now awaits execution by the Mayor's office.

Piedmont Office Realty Trust Announces Completed Leasing Transactions through May and Real Estate Leadership Promotion

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Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q1 2021 Results - Earnings Call Transcript

Piedmont Office (PDM) delivered FFO and revenue surprises of 2.13% and -1.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office (PDM) Q1 FFO Beat Estimates

Atlanta, April 28, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S. markets with a majority of its revenue being generated from the Sunbelt, today announced its results for the quarter ended March 31, 2021.

Piedmont Office Realty Trust Reports First Quarter 2021 Results

Piedmont Office Realty Trust has spent the past few years working to reinvent itself. The company has a decent operating history behind it, but results have stagnated in recent years.

Piedmont Office Realty Trust: Solid For The Right Kind Of Investor

Atlanta, GA, April 13, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) today announced that the U.S. Environmental Protection Agency and the U.S. Department of Energy have recognized the Company as a 2021 ENERGY STAR Partner of the Year.

PIEDMONT OFFICE REALTY TRUST EARNS 2021 ENERGY STAR® PARTNER OF THE YEAR AWARD

Atlanta, April 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Wednesday, April 28, 2021, after the close of trading on the New York Stock Exchange.  A conference call is scheduled for Thursday, April 29, 2021, at 10:00 a.m. Eastern daylight time and will be broadcast live in listen-only mode on the company's investor relations website at http://investor.piedmontreit.com/news-and-events/events-calendar.  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 2021 Financial Results

Piedmont Office Realty Trust's (PDM) CEO Brent Smith on Q4 2020 Results - Earnings Call Transcript

Atlanta, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets with a majority of its revenue coming from Sunbelt markets, today announced its results for the quarter and year ended December 31, 2020.

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2020 Results

Atlanta, GA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual 2020 financial results on Wednesday, February 10, 2021, after the close of trading on the New York Stock Exchange.  A conference call is scheduled for Thursday, February 11, 2021, at 11:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at http://investor.piedmontreit.com/news-and-events/events-calendar.  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.

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