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piedmont office realty tru-a (PDM) Details

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 16 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its major markets and is investment-grade rated by Standard & Poor’s (BBB) and Moody’s (Baa2).

134 Employees
Last Reported Date: 02/20/19
Founded in 1997

piedmont office realty tru-a (PDM) Top Compensated Officers

Total Annual Compensation: $1.9M
President, Chief Investment Officer & Directo...
Total Annual Compensation: $862.8K
CFO, Executive VP & Chief Administrative Offi...
Total Annual Compensation: $1.0M
Executive Vice President of Finance & Strateg...
Total Annual Compensation: $719.9K
Executive VP of Northeast Region & Head of De...
Total Annual Compensation: $604.8K
Compensation as of Fiscal Year 2018.
piedmont office realty tru-a
Piedmont Office Realty Trust Announces WeWork Lease at 200 South Orange Avenue in Orlando

Piedmont Office Realty Trust, Inc. and WeWork announced the signing of WeWork's inaugural lease in Orlando, Florida, signaling its entry into the market. The WeWork community will be located in downtown Orlando at Piedmont’s Class A trophy tower located at 200 South Orange Avenue, also known as SunTrust Center, and is slated to open in early 2020. WeWork will occupy three entire floors of the prominent tower at 200 South Orange Avenue across more than 70,000 square feet with workspace for more than 1,000 WeWork members. WeWork members will also have access to the on-site fitness center and conference center.

Piedmont Office Realty Trust, Inc. Announces Financial Results for the Quarter Ended March 31, 2019; and Provides Financial Guidance for 2019

Piedmont Office Realty Trust, Inc. announced financial results for the quarter ended March 31, 2019. The company recognized net income applicable to common stockholders for the three months ended March 31, 2019 of $50.2 million, or $0.40 per diluted share, as compared with $57.8 million, or $0.42 per diluted share, for the three months ended March 31, 2018. Additionally, when compared to the previous year, the current quarter's results per share reflect increased operating income as a result of higher overall occupancy in the portfolio during the three months ended March 31, 2019. Total revenues and property operating costs were $132.9 million and $51.8 million, respectively, for the three months ended March 31, 2019, compared to $129.9 million and $51.9 million, respectively, for the first quarter of 2018. The company also provided financial guidance for 2019. The company expected Net Income of $84 - $87 million.

Piedmont Office Realty Trust, Inc. Declares Dividends for the Second Quarter of 2019, Payable on June 21, 2019; Announces Executive Changes

On May 1, 2019, the board of directors of Piedmont Office Realty Trust, Inc. declared dividends for the second quarter of 2019 in the amount of $0.21 per share on its common stock to stockholders of record as of the close of business on May 31, 2019, payable on June 21, 2019. The company also announced the retirement of Donald A. Miller, CFA as CEO, effective on June 30, 2019, and the promotion of C. Brent Smith to CEO on that date.


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Price/Sales 1.2x
Price/Book 0.4x
Price/Cash Flow 8.5x
TEV/Sales 1.7x

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