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 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.

Atlanta, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2020 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 2020 Dividends

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Office REITs are here to stay with a wider adoption of flexible working and higher office space needs per employee post-COVID. PDM offers exposure to a portfolio of East Coast and Sun Belt Class A office properties in highly concentrated nodes with dominant positions in selected sub-markets.

Piedmont Office Realty Trust - U.S. Office Properties Trading At A Bargain

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Piedmont Office Realty Trust's (PDM) CEO Brent Smith on Q3 2020 Results - Earnings Call Transcript

Piedmont Office Realty Trust, Inc.'s (PDM) CEO Brent Smith on Q3 2020 Results - Earnings Call Transcript

Atlanta, Oct. 29, 2020 (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, today announced its results for the quarter ended September 30, 2020.

Piedmont Office Realty Trust Reports Third Quarter 2020 Results

Atlanta, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter 2020 financial results on Thursday, October 29, 2020, after the close of trading on the New York Stock Exchange.  A conference call is scheduled for Friday, October 30, 2020, 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-calenda r.  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 To Report Third Quarter 2020 Financial Results

Piedmont (PDM) adds Deluxe to tenant roster in the Atlanta Class-A office complex with further plans for development in the days to come.

Piedmont (PDM) Adds Deluxe to Atlanta Class A Office Complex

Minnesota-based company brings new tech hub  to prominent Atlanta office park Minnesota-based company brings new tech hub  to prominent Atlanta office park

Piedmont Office Realty Trust Welcomes Deluxe Corporation to Glenridge Highlands Two

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

Is Piedmont Office (PDM) a Good Value Investor Stock Now?

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Piedmont Office Realty Trust, Inc.'s (PDM) CEO Brent Smith on Q2 2020 Results - Earnings Call Transcript

Piedmont Office (PDM) delivered FFO and revenue surprises of -2.00% and -5.04%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office (PDM) Lags Q2 FFO and Revenue Estimates

Atlanta, GA, July  29, 2020  (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, today announced its results for the quarter ended June 30, 2020.

Piedmont Office Realty Trust Reports Second Quarter 2020 Results

Piedmont Office Realty (NYSE: PDM) announces its next round of earnings this Wednesday, July 29.

A Preview Of Piedmont Office Realty's Earnings

Atlanta, GA, June  30, 2020  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in select amenity-rich sub-markets within seven major Eastern U.S. office markets, today announced that it has completed the sale of its only Philadelphia asset, 1901 Market Street, for approximately $360 million, or $450 per square foot.  As a result of the disposition of 1901 Market Street, 96% of Piedmont’s annualized lease revenue is now generated from its seven core markets, with a majority from its Sunbelt locations.

Piedmont Office Realty Trust Completes Sale of 1901 Market Street in Philadelphia

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Atlanta, GA, May  14, 2020  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of 18 million square feet of Class A office properties located primarily in seven major Eastern U.S. office markets, today reported all proposals included in the 2020 annual proxy were approved at its May 13, 2020 annual stockholders meeting, including the re-election of eight members to the board of directors, the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm, and an advisory vote on the compensation of the Company’s named executive officers. The Company also provided rent collection results to-date for the month of May 2020, as well as a leasing update.

Piedmont Office Realty Trust Conducts Annual Stockholder Meeting And Reports May Rent Receipts

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q1 2020 Results - Earnings Call Transcript

Atlanta, GA, April  29, 2020  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it will hold its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) in a virtual-only format due to continued public health concerns related to the novel coronavirus (COVID-19) pandemic and to prioritize the health and well-being of meeting participants. The previously announced date and time of the meeting, Wednesday, May 13, 2020 at 11:00 a.m. Eastern daylight time, will not change. Piedmont expects the modification to the Annual Meeting format to be effective for this year only and to revert to an in-person annual meeting in future years after public health conditions have improved. 

Piedmont Office Realty Trust to Hold Virtual-Only 2020 Annual Meeting of Stockholders

Piedmont Office Realty Trust has been struggling lately, but the selling pressure may be coming to an end soon.

Piedmont Office Realty Trust Sees Hammer Chart Pattern: Time to Buy?

Atlanta, GA, Feb.  27, 2020  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that its Board of Directors has appointed Glenn G. Cohen, as member of the Board, effective March 1, 2020.  Cohen will serve as an independent director of the Company and as a member of the Audit Committee of the Board. 

Glenn G. Cohen Joins Piedmont Office Realty Trust’s Board of Directors

Atlanta, GA, Feb.  12, 2020  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it has completed the purchase of the “Galleria Office Towers”, three Class-A office towers totalling approximately 1.4 million square feet with associated parking garages, and a 1.9-acre land parcel located at the intersection of the Dallas North Tollway and LBJ Freeway (I-635) in the Lower Tollway submarket of Dallas, TX.  Combined with Piedmont’s existing holdings, the acquisition of Galleria Office Towers will increase the Company’s Dallas footprint to 3.6 million square feet, making it Piedmont’s second largest market and resulting in approximately 50% of its portfolio being located in the Sun Belt.

Piedmont Acquires Galleria Office Towers in Dallas

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News for Piedmont Office Realty Trust Stock (PDM)