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 (PDM) delivered FFO and revenue surprises of 2.22% and -0.44%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office (PDM) Beats Q4 FFO Estimates

Atlanta, GA, Jan.  22, 2020  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2019 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 2019 DIVIDENDS

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Piedmont Office Realty's (PDM) diversified portfolio of office properties in notable central business districts, strong operating performance and large unencumbered asset base impresses Moody's.

Piedmont's Debt Ratings Affirmed by Moody's, Outlook Stable

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Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q3 2019 Results - Earnings Call Transcript

Atlanta, GA, Aug.  26, 2019  (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has completed the purchase of Galleria 400 and Galleria 600, two office towers totaling approximately 860,000 square feet and an adjacent 10.2 acre land parcel entitled for one million square feet of additional development for a total of $231.2 million.  The acquisition is located within The Galleria, a master-planned, mixed-use development in northwest Atlanta with prominent visibility from I-75 and I-285.  Since 2015, Piedmont has assembled 2.1 million square feet of office space across five buildings along with three development sites, consolidating the project’s multi-tenant office buildings and 6,000-space structured parking facilities under a single owner for the first time.  Piedmont’s total investment in The Galleria is just under $500 million, which represents a significant discount to estimated replacement cost.  

Piedmont Office Realty Trust Acquires Remainder of the Atlanta Galleria Office Towers

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q2 2019 Results - Earnings Call Transcript

Piedmont Office (PDM) delivered FFO and revenue surprises of -2.27% and 2.04%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office (PDM) Q2 FFO Miss Estimates

Piedmont Office Realty (PDM) expands footprint in Northwest Atlanta with the buyout of Galleria 100, as well assigns a lease with WeWork at 200 South Orange Avenue.

Piedmont (PDM) Buys Office Property, Signs Lease With WeWork

Piedmont Office Realty Trust's (PDM) CEO Don Miller on Q1 2019 Results - Earnings Call Transcript

News for Piedmont Office Realty Trust Stock (PDM)