Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
IPO Year:
Exchange: NYSE
Website: piedmontreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2025 | $11.00 | Outperform → Neutral | Robert W. Baird |
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
10-Q - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
10-Q - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
FWP - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
S-8 - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
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. At Greystar, Ms. Hager co-leads the Greystar-Thackeray business as well as Greystar's commercial real estate businesses and serves on the Greystar Global Investment Committee and Greystar Executive Committee. Prior to joining Greystar in 2021, Ms. Hager was the Co-CEO and co-founder of Thackeray Partners, a diversified private real estate company based in Da
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
3 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
SC 13G/A - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
SC 13G - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
SC 13G/A - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
SC 13G/A - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
SC 13G/A - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
SC 13G/A - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
Robert W. Baird downgraded Piedmont Office Realty Trust from Outperform to Neutral and set a new price target of $11.00
Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, February 14, 2025 at 9:00 a.m. ET 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. To Listen to the Webcast: Click on the webcast link under
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
HOUSTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced the appointments of Kristian ("Krissy") M. Gathright and Donald ("Don") A. Miller, CFA, to the Board of Trustees, effective immediately. These appointments reflect shareholder feedback received over the last several months and conclude an exhaustive search by Whitestone's Nominating and Governance Committee in combination with pre-eminent executive search firm Spencer Stuart. Ms. Gathright currently serves as a Board member of Apple Hospitality REIT (NYSE:APLE) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.
Atlanta, Oct. 24, 2024 (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 September 30, 2024. Highlights for the Three Months Ended September 30, 2024: Financial Results: Three Months Ended Nine Months Ended(in 000s other than per share amounts )September 30, 2024September 30, 2023 September 30, 2024September 30, 2023Net loss applicable to Piedmont$(11,519)$(17,002) $(49,091)$(20,357)Net loss per share applicable to common stockholders - basic and diluted$(0.09)$(0.14) $(0.40)$(0.16)Impairment charges$0 $10
Atlanta, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or "the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company completed over 461,000 square feet of leasing during the third quarter of 2024, with approximately 45% of this total leased square footage related to new tenants and bringing its in-service leased percentage to 88.8% as of September 30, 2024. Rents on leases executed during the third quarter for space vacant one year or less increased approximately 4.0% and 8.5% on a cash and accrual basis, respectively. Commenting on third quarter leasing results, Brent Smith, Pie
Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, announced today that its property management team, after reviewing detailed property reports for all of the Company's Orlando assets, has reported virtually no damage to any of Piedmont's properties from Hurricane Milton and that all personnel in the affected areas are reported safe. About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE:PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Su
Atlanta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Atlanta, GA – October 8, 2024 – Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its third quarter financial results on Thursday, October 24, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, October 25, 2024 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 third quarter performance, discuss recent events, and conduct a question-and-answer period. To Listen to the Webcast: Click on the w
Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E. Bowers, who has served as the Company's Chief Financial Officer (CFO) since 2007, will transition to an administrative role effective November 8th and Sherry L. Rexroad will succeed him. Ms. Rexroad brings approximately 30 years of experience in REITs and real estate, finance, and capital markets to the role, having most recently served as CFO of STORE Capital, a publicly traded net-lease REIT. Prior to that, she spent a decade at BlackRock Global Real Asset Securities as Global Head of Business Development as well as Co-Global Chief Investment Officer and Chair of the I
Atlanta, July 31, 2024 (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 June 30, 2024, including the completion of over one million square feet of leasing, the largest amount of leasing the Company has completed in a single quarter in over a decade. Highlights for the Three Months Ended June 30, 2024: Financial Results: Three Months Ended(in 000s other than per share amounts )June 30, 2024June 30, 2023Net loss applicable to Piedmont$(9,809)$(1,988)Net loss per share applicable to common stockholders - dil
Atlanta, July 25, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) ("Piedmont"), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the third quarter of 2024. The dividend will be paid on September 20, 2024 to stockholders of record as of the close of business on August 23, 2024. About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE:PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approxim
Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, February 14, 2025 at 9:00 a.m. ET 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. To Listen to the Webcast: Click on the webcast link under
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
Atlanta, Oct. 24, 2024 (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 September 30, 2024. Highlights for the Three Months Ended September 30, 2024: Financial Results: Three Months Ended Nine Months Ended(in 000s other than per share amounts )September 30, 2024September 30, 2023 September 30, 2024September 30, 2023Net loss applicable to Piedmont$(11,519)$(17,002) $(49,091)$(20,357)Net loss per share applicable to common stockholders - basic and diluted$(0.09)$(0.14) $(0.40)$(0.16)Impairment charges$0 $10
Atlanta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Atlanta, GA – October 8, 2024 – Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its third quarter financial results on Thursday, October 24, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, October 25, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review third quarter performance, discuss recent events, and conduct a question-and-answer period. To Listen to the Webcast: Click on the w
Atlanta, July 31, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended June 30, 2024, including the completion of over one million square feet of leasing, the largest amount of leasing the Company has completed in a single quarter in over a decade. Highlights for the Three Months Ended June 30, 2024: Financial Results: Three Months Ended(in 000s other than per share amounts )June 30, 2024June 30, 2023Net loss applicable to Piedmont$(9,809)$(1,988)Net loss per share applicable to common stockholders - dil
Atlanta, July 25, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) ("Piedmont"), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the third quarter of 2024. The dividend will be paid on September 20, 2024 to stockholders of record as of the close of business on August 23, 2024. About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE:PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approxim
Atlanta, July 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 31, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, August 1, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review second quarter performance, discuss recent events, and conduct a question-and-answer period. To Listen to the Webcast: Click on the webcast link under the Investor
Atlanta, April 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended March 31, 2024 which included significant leasing activity, strong Same Store NOI growth, as well as previously announced refinancing and disposition activity. Highlights for the Three Months Ended March 31, 2024: Financial Results: Three Months Ended(in 000s other than per share amounts )March 31, 2024March 31, 2023Net loss applicable to Piedmont$(27,763)$(1,367)Net loss per share applicable to common stockholders - dilute
Atlanta, April 24, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) ("Piedmont"), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the second quarter of 2024. The dividend will be paid on June 14, 2024 to stockholders of record as of the close of business on May 24, 2024. About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE:PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approximately $5 b
Atlanta, April 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its first quarter financial results on Tuesday, April 30, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Wednesday, May 1, 2024 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. To Listen to the Webcast: Click on the webcast link under the Investor Relat