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
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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)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
4 - Piedmont Office Realty Trust, Inc. (0001042776) (Issuer)
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
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, June 13, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the "Company" or "Piedmont") (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the "Operating Partnership"), has priced an offering of $400 million aggregate principal amount of 6.875% senior unsecured notes due 2029 at 98.993% of the principal amount. The offering is expected to close on June 25, 2024, subject to the satisfaction of customary closing conditions. Piedmont intends to use the net proceeds from the offering to repay borrowings outstanding under its 2023 term loan and its 2022 line of credit, with any remaining amount being used for working capital, capi
Atlanta, June 03, 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 will be participating at this week's NAREIT Investor Conference in New York City. The Company will be noting that it has completed over 575,000 square feet of leasing thus far in the second quarter of 2024, with approximately 60% of this total leased square footage related to new tenants and bringing year-to-date leasing volume to approximately 1.1 million square feet. The largest lease completed thus far in the second quarter was for the relocation of Travel + Leisur
Atlanta, May 14, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, and the largest owner of office properties in Orlando, announced today that Travel + Leisure Co (NYSE:TNL), the world's leading membership and leisure travel company, has chosen Piedmont's 501 W. Church building located in downtown Orlando for its new corporate headquarters. Travel + Leisure has signed a new lease for the entirety of the 5-story, approximately 182,000 square foot building through 2040 and will ultimately employ approximately 900 individuals at the property. Piedmont plans to renovate and rebrand the bu
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
Atlanta, March 28, 2024 (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 the U.S. Environmental Protection Agency and the U.S. Department of Energy has recognized the company with its highest level of recognition - 2024 ENERGY STAR Partner of the Year – Sustained Excellence. The sustained excellence distinction is awarded to organizations who have earned Partner of the Year for several consecutive years and have gone beyond the criteria needed to qualify for recognition. "We are honored to receive ENERGY STAR's highest level of recognition with the Partner of the Ye
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 $5 b
Atlanta, April 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its first quarter financial results on Tuesday, April 30, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Wednesday, May 1, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period. To Listen to the Webcast: Click on the webcast link under the Investor Relat
Atlanta, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended December 31, 2023. Highlights for the Three Months and Year Ended December 31, 2023: Financial Results: Three Months Ended Year Ended(in 000s other than per share amounts )December 31, 2023December 31, 2022 December 31, 2023December 31, 2022Net income/(loss) applicable to Piedmont$(28,030)$75,569 $(48,387)$146,830Net income/(loss) per share applicable to common stockholders - diluted$(0.23)$0.61 $(0.39)$1.19Gain on sa
Atlanta, Feb. 01, 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 first quarter of 2024. The dividend will be paid on March 15, 2024 to stockholders of record as of the close of business on February 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 a
Atlanta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) ("Piedmont"), a real estate investment trust (REIT), announced today the tax treatment of its 2023 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. Record DatePaid DateDividend per ShareOrdinary DividendsCapital GainsUnrecaptured Section 1250 Qualified DividendSection 199A Dividend RateNov 25, 2022Jan 3, 2023$0.21$0.132772$0.004377$0.004377-$0.132772Feb 24, 2023Mar 17, 2023$0.21$0. 132772$0.004377$0.004377-$0. 132772May 26, 2023Jun 16, 2023$0.21$0. 132772$0.004377$0.004377-$0. 132772A
Atlanta, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 7, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, February 8, 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 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 unde
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)
8-K - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
10-Q - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
DEFA14A - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
DEFA14A - Piedmont Office Realty Trust, Inc. (0001042776) (Filer)
SC 13G - Piedmont Office Realty Trust, Inc. (0001042776) (Subject)
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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)
Piedmont Office Realty (NYSE:PDM) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.38 by 2.63 percent. The company reported quarterly sales of $144.538 million which beat the analyst consensus estimate of $143.202 million by 0.93 percent. This is a 1.52 percent increase over sales of $142.367 million the same period last year.
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With interest rates remaining at their highest levels in over two decades, and with U.S. Treasury bonds comfortably exceeding a 4% yield, an increasing number of investors are turning their attention to the realm of corporate bonds. In this landscape, they seek not only promising yield opportunities but also the strategic advantage of diversifying away from equity investments. The Financial Times recently reported that inflows into corporate bond funds have surged to $22.8 billion in 2024, marking the first positive start to a year since 2019. Corporate Bonds: Investment Grade Vs. High Yield Corporate bonds come in two main types: investment-grade and high-yield. Investment-gra
Piedmont Office Realty (NYSE:PDM) reported quarterly earnings of $0.41 per share which met the analyst consensus estimate. The company reported quarterly sales of $145.33 million which missed the analyst consensus estimate of $146.14 million by 0.55 percent. This is a 1.28 percent decrease over sales of $147.21 million the same period last year.
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