Piedmont Office Realty Trust, Inc. (PDM)
| Market Cap | 1.09B |
| Revenue (ttm) | 572.42M |
| Net Income (ttm) | -77.12M |
| Shares Out | 124.00M |
| EPS (ttm) | -0.62 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.50 (5.71%) |
| Ex-Dividend Date | Nov 22, 2024 |
| Volume | 2,762,937 |
| Open | 8.43 |
| Previous Close | 8.52 |
| Day's Range | 8.43 - 8.84 |
| 52-Week Range | 5.93 - 11.12 |
| Beta | 1.17 |
| Analysts | Strong Buy |
| Price Target | 11.00 (+25.57%) |
| Earnings Date | Feb 5, 2025 |
About PDM
Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (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. 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 Standard & Poor’s and Moody’s. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for PDM stock is "Strong Buy." The 12-month stock price forecast is $11.0, which is an increase of 25.57% from the latest price.
News
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Piedmont Office Realty Trust focuses on high-quality office properties, particularly in the Sun Belt region, showing strong financial performance and asset repositioning success. The Sun Belt region's...
Piedmont Office Realty Trust, Inc. (PDM) Q3 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Laura Moon - Senior Vice President and Chief Accounting Officer Brent S...
Piedmont Office Realty Trust Reports Third Quarter 2024 Results
YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased
Piedmont REIT Signs over 461,000 SF of Leases during Third Quarter
YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased
Piedmont Office Realty Trust Reports Virtually No Damage From Hurricane Milton
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, annou...
Piedmont Office Realty Trust, Inc. to Report Third Quarter 2024 Financial Results
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...
Piedmont Office Realty Trust, Inc. Announces CFO Transition
Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E.
Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade)
Piedmont Office Realty Trust is an office REIT focused on the Sunbelt region, with the largest markets being Atlanta, Dallas, and Orlando. The REIT has significantly outperformed the Vanguard Real Est...
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...
Piedmont Office Realty Trust, Inc. (PDM) Q2 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Laura Moon - Chief Accounting Officer & Senior Vice President Brent Smith...
Piedmont Office Realty Trust Reports Second Quarter 2024 Results
- Completes over one million square feet of leasing during the quarter - - Completes over one million square feet of leasing during the quarter -
PIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
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 regu...
Picking A Winner In High-Yield REITs
REIT yields are high due to sell-off in 2022 and 2023, but REIT prices may rise if the Fed cuts rates in September as expected. Dividend safety is crucial when investing in high-yielding REITs, to avo...
Piedmont Office Realty Trust, Inc. to Report Second Quarter 2024 Financial Results
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, afte...
Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering
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, L...
Piedmont REIT signs over 575,000 SF of Leases During April and May 2024
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, announce...
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...
Travel + Leisure Chooses Piedmont's 501 W. Church Building in Downtown Orlando for New Headquarters Location
Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando
Piedmont Office Realty Trust, Inc. (PDM) Q1 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (PDM) Q1 2024 Earnings Call Transcript
Piedmont Office Realty Trust Reports First Quarter 2024 Results
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 m...
Piedmont Office Realty Trust Declares Second Quarter Dividend
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 reg...
Piedmont Office Realty Trust: Attractive Valuation But Risks Remain
Piedmont Office Realty Trust manages 51 office properties with a focus on the Sunbelt region, primarily in Atlanta and Dallas. The company's occupancy rate increased to 87.1% in 2023, up 0.4% Y/Y, but...
Piedmont Office Realty Trust, Inc. to Report First Quarter 2024 Financial Results
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...
Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Sustained Excellence
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 th...
Piedmont Completes Sale of One Lincoln Park
Atlanta, March 20, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") ("Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced t...