Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
10 February 2010Website:
http://www.piedmontreit.comNext earnings report:
07 February 2025Last dividends:
23 August 2024Next dividends:
22 November 2024Price
after hours | Fri, 01 Nov 2024 21:16:11 GMTAnalysts recommendations
Institutional Ownership
PDM Latest News
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 Smith - President and Chief Executive Officer George Wells - Executive Vice President and Chief Operating Officer Christopher Kollme - Executive Vice President, Investments Robert Bowers - Executive Vice President and Chief Financial and Administrative Officer Sherry Rexroad - Executive Vice President Finance Conference Call Participants Anthony Paolone - JPMorgan Michael Lewis - Truist Securities Nick Thillman - Baird Dylan Burzinski - Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust Incorporated Third Quarter 2024 Earnings Call.
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.43 per share a year ago.
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
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.
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.
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 Estate Index Fund ETF in 2024, delivering a ~41% total return. Q2 2024 results were robust, but elevated interest rates prompted a downgrade in the full-year Core FFO expectations. I expect Core FFO to return to growth in 2025.
Although the revenue and EPS for Piedmont Office (PDM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.45 per share a year ago.
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.
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.
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What type of business is Piedmont Office Realty Trust?
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 was the only office REIT headquartered in the Southeast to receive those designations. Approximately 85% of the Company's square footage is Energy Star certified and nearly 70% is LEED certified. Piedmont is headquartered in Atlanta, GA.
What sector is Piedmont Office Realty Trust in?
Piedmont Office Realty Trust is in the Real Estate sector
What industry is Piedmont Office Realty Trust in?
Piedmont Office Realty Trust is in the Office industry
What country is Piedmont Office Realty Trust from?
Piedmont Office Realty Trust is headquartered in United States
When did Piedmont Office Realty Trust go public?
Piedmont Office Realty Trust initial public offering (IPO) was on 10 February 2010
What is Piedmont Office Realty Trust website?
https://www.piedmontreit.com
Is Piedmont Office Realty Trust in the S&P 500?
No, Piedmont Office Realty Trust is not included in the S&P 500 index
Is Piedmont Office Realty Trust in the NASDAQ 100?
No, Piedmont Office Realty Trust is not included in the NASDAQ 100 index
Is Piedmont Office Realty Trust in the Dow Jones?
No, Piedmont Office Realty Trust is not included in the Dow Jones index
When was Piedmont Office Realty Trust the previous earnings report?
No data
When does Piedmont Office Realty Trust earnings report?
The next expected earnings date for Piedmont Office Realty Trust is 07 February 2025