Piedmont Office Realty Trust Key Executives
This section highlights Piedmont Office Realty Trust's key executives, including their titles and compensation details.
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Piedmont Office Realty Trust Earnings
This section highlights Piedmont Office Realty Trust's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-14 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-25 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-01 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-08 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-07-21 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-02 | N/A | N/A |
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.
$6.15
Stock Price
$765.11M
Market Cap
150
Employees
Atlanta, GA
Location
Financial Statements
Access annual & quarterly financial statements for Piedmont Office Realty Trust, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $570.32M | $577.76M | $563.77M | $528.71M | $535.02M |
| Cost of Revenue | $234.12M | $237.04M | $226.06M | $210.93M | $214.93M |
| Gross Profit | $336.20M | $340.72M | $337.71M | $317.78M | $320.09M |
| Gross Profit Ratio | 58.95% | 58.97% | 59.90% | 60.10% | 59.83% |
| Research and Development Expenses | $- | $- | $0 | $-0 | $0 |
| General and Administrative Expenses | $35.42M | $29.19M | $29.13M | $30.25M | $27.46M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $35.42M | $29.19M | $29.13M | $30.25M | $27.46M |
| Other Expenses | $226.54M | $- | $224.55M | $206.61M | $203.87M |
| Operating Expenses | $261.96M | $342.67M | $253.68M | $236.86M | $231.33M |
| Cost and Expenses | $496.09M | $577.76M | $479.74M | $447.79M | $446.27M |
| Interest Income | $- | $- | $65.66M | $51.29M | $54.99M |
| Interest Expense | $122.98M | $101.26M | $65.66M | $51.29M | $54.99M |
| Depreciation and Amortization | $220.93M | $153.80M | $405.57M | $378.40M | $446.27M |
| EBITDA | $270.46M | $231.06M | $234.41M | $218.14M | $491.54M |
| EBITDA Ratio | 47.42% | 39.99% | 41.58% | 41.26% | 91.87% |
| Operating Income | $74.24M | $77.26M | $86.74M | $91.12M | $91.34M |
| Operating Income Ratio | 13.02% | 13.37% | 15.39% | 17.24% | 17.07% |
| Total Other Income Expenses Net | $-153.30M | $-125.64M | $537.39M | $-1.17M | $668.54M |
| Income Before Tax | $-79.06M | $-48.38M | $146.83M | $-1.17M | $232.69M |
| Income Before Tax Ratio | -13.86% | -8.37% | 26.04% | -0.22% | 43.49% |
| Income Tax Expense | $- | $- | $-125.75M | $61.48M | $57.57M |
| Net Income | $-79.07M | $-48.39M | $272.58M | $-62.65M | $175.11M |
| Net Income Ratio | -13.86% | -8.37% | 48.35% | -11.85% | 32.73% |
| EPS | $-0.64 | $-0.39 | $2.21 | $-0.51 | $1.39 |
| EPS Diluted | $-0.64 | $-0.39 | $2.21 | $-0.51 | $1.39 |
| Weighted Average Shares Outstanding | 123.94M | 123.72M | 123.35M | 123.98M | 125.73M |
| Weighted Average Shares Outstanding Diluted | 123.94M | 123.66M | 123.52M | 123.98M | 126.10M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $143.23B | $139.29M | $143.26M | $144.54M | $170.42M | $5.06M | $143.07M | $142.37M | $147.21M | $144.10M | $136.31M | $136.15M | $138.16M | $131.07M | $130.22M | $129.26M | $131.53M | $131.69M | $134.63M | $137.17M |
| Cost of Revenue | $- | $113.58M | $115.48M | $59.44M | $121.35M | $59.85M | $58.37M | $57.79M | $59.76M | $59.04M | $53.63M | $53.62M | $56.08M | $51.77M | $51.66M | $51.42M | $55.30M | $53.29M | $53.15M | $53.19M |
| Gross Profit | $143.23B | $25.72M | $27.79M | $85.09M | $49.07M | $-54.79M | $84.70M | $84.58M | $87.44M | $85.06M | $82.67M | $82.53M | $82.08M | $79.30M | $78.56M | $77.83M | $76.23M | $78.40M | $81.48M | $83.98M |
| Gross Profit Ratio | 100.00% | 18.46% | 19.40% | 58.87% | 28.79% | -1083.68% | 59.20% | 59.41% | 59.40% | 59.03% | 60.65% | 60.62% | 59.41% | 60.50% | 60.33% | 60.22% | 57.95% | 59.53% | 60.52% | 61.22% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $12.65B | $6.81M | $8.35M | $7.61M | $7.18M | $7.04M | $7.28M | $7.69M | $7.92M | $6.59M | $7.03M | $7.59M | $7.83M | $6.96M | $8.21M | $7.25M | $7.42M | $5.47M | $5.94M | $8.64M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $12.65B | $6.81M | $8.35M | $7.61M | $7.18M | $7.04M | $7.28M | $7.69M | $7.92M | $6.59M | $7.03M | $7.59M | $7.83M | $6.96M | $8.21M | $7.25M | $7.42M | $5.47M | $5.94M | $8.64M |
| Other Expenses | $130.58B | $- | $328.00K | $278.00K | $-7.18M | $351.00K | $1.79M | $76.89M | $58.70M | $335.00K | $53.85M | $53.77M | $2.88M | $2.34M | $2.63M | $2.36M | $1.77M | $319.00K | $349.00K | $149.00K |
| Operating Expenses | $143.23B | $81.78M | $65.26M | $64.60M | $7.18M | $7.04M | $65.09M | $84.58M | $66.62M | $64.82M | $60.88M | $61.36M | $61.80M | $57.89M | $58.90M | $58.27M | $56.98M | $56.71M | $57.49M | $60.16M |
| Cost and Expenses | $143.23B | $120.39M | $123.83M | $124.05M | $128.53M | $66.89M | $123.45M | $121.65M | $126.38M | $123.86M | $114.51M | $114.98M | $117.88M | $109.66M | $110.56M | $109.69M | $112.28M | $110.01M | $110.63M | $113.35M |
| Interest Income | $- | $- | $- | $- | $- | $27.36M | $23.39M | $- | $20.74M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $31.63M | $32.07M | $29.57M | $29.71M | $28.43M | $27.36M | $23.39M | $22.08M | $20.74M | $17.24M | $13.78M | $13.90M | $13.92M | $12.45M | $12.35M | $12.58M | $13.05M | $12.72M | $13.95M | $15.26M |
| Depreciation and Amortization | $55.24M | $56.07M | $56.91M | $56.99M | $62.27M | $58.31M | $57.81M | $55.58M | $39.12M | $55.77M | $53.85M | $53.77M | $53.97M | $50.94M | $50.69M | $51.02M | $49.56M | $48.90M | $49.12M | $49.40M |
| EBITDA | $58.22M | $74.97M | $76.34M | $77.48M | $104.16M | $106.38M | $77.42M | $78.54M | $161.58M | $78.47M | $75.65M | $74.93M | $36.13M | $72.35M | $70.35M | $70.58M | $68.81M | $72.93M | $75.55M | $75.34M |
| EBITDA Ratio | 0.04% | 53.82% | 53.29% | 53.61% | 61.12% | 2104.03% | 54.12% | 55.17% | 109.76% | 54.46% | 55.50% | 55.04% | 26.15% | 55.20% | 54.02% | 54.61% | 52.32% | 55.38% | 56.11% | 54.92% |
| Operating Income | $15.40M | $18.91M | $19.43M | $-61.76M | $41.89M | $-61.83M | $-60.52M | $19.06M | $21.23M | $20.24M | $23.70M | $25.33M | $-17.83M | $21.41M | $19.66M | $19.57M | $19.25M | $21.69M | $24.00M | $23.82M |
| Operating Income Ratio | 0.01% | 13.57% | 13.57% | -42.73% | 24.58% | -1222.98% | -42.30% | 13.39% | 14.43% | 14.05% | 17.38% | 18.60% | -12.91% | 16.34% | 15.10% | 15.14% | 14.64% | 16.47% | 17.82% | 17.37% |
| Total Other Income Expenses Net | $-45.38M | $-30.43M | $-29.24M | $-48.25M | $-28.03M | $-38.79M | $-21.60M | $-20.42M | $54.74M | $-16.91M | $-13.83M | $38.80M | $-52.03M | $-10.11M | $-9.71M | $-10.22M | $3.36M | $-12.75M | $168.43M | $-15.11M |
| Income Before Tax | $-29.98M | $-11.52M | $-9.81M | $-27.76M | $-2.94M | $-17.00M | $-1.99M | $-1.36M | $75.57M | $3.33M | $7.96M | $59.96M | $-31.75M | $11.30M | $9.94M | $9.34M | $22.61M | $8.94M | $192.43M | $8.71M |
| Income Before Tax Ratio | -0.02% | -8.27% | -6.85% | -19.21% | -1.72% | -336.25% | -1.39% | -0.96% | 51.34% | 2.31% | 5.84% | 44.04% | -22.98% | 8.62% | 7.64% | 7.23% | 17.19% | 6.79% | 142.93% | 6.35% |
| Income Tax Expense | $- | $- | $2.00K | $31.45M | $25.09M | $-54.91M | $27.16M | $- | $1.00K | $20.05M | $1.96M | $-48.53M | $13.92M | $16.53M | $16.68M | $16.71M | $2.00K | $15.39M | $16.73M | $17.53M |
| Net Income | $-29.98M | $-11.52M | $-9.81M | $-27.76M | $-28.03M | $-17.00M | $-1.99M | $-1.37M | $75.57M | $3.33M | $6.01M | $108.50M | $-31.75M | $11.31M | $9.95M | $9.34M | $22.61M | $8.94M | $192.43M | $8.71M |
| Net Income Ratio | -0.02% | -8.27% | -6.85% | -19.21% | -16.45% | -336.25% | -1.39% | -0.96% | 51.33% | 2.31% | 4.41% | 79.69% | -22.98% | 8.63% | 7.64% | 7.23% | 17.19% | 6.79% | 142.93% | 6.35% |
| EPS | $-0.24 | $-0.09 | $-0.08 | $-0.22 | $-0.23 | $-0.14 | $-0.02 | $-0.01 | $0.61 | $0.03 | $0.05 | $0.88 | $-0.26 | $0.09 | $0.08 | $0.08 | $0.18 | $0.07 | $1.53 | $0.07 |
| EPS Diluted | $-0.24 | $-0.09 | $-0.08 | $-0.22 | $-0.23 | $-0.14 | $-0.02 | $-0.01 | $0.61 | $0.03 | $0.05 | $0.88 | $-0.26 | $0.09 | $0.08 | $0.08 | $0.18 | $0.07 | $1.52 | $0.07 |
| Weighted Average Shares Outstanding | 124.00M | 124.00M | 123.95M | 123.80M | 123.72M | 123.70M | 123.67M | 123.55M | 123.44M | 123.40M | 123.37M | 123.23M | 123.08M | 124.14M | 124.09M | 123.95M | 123.84M | 126.03M | 125.97M | 125.86M |
| Weighted Average Shares Outstanding Diluted | 124.00M | 124.00M | 123.95M | 123.80M | 123.72M | 123.70M | 123.67M | 123.55M | 123.63M | 123.70M | 123.68M | 123.51M | 123.74M | 124.63M | 124.70M | 124.45M | 125.54M | 126.39M | 126.50M | 126.36M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $109.64M | $825.00K | $16.54M | $7.42M | $7.33M |
| Short Term Investments | $- | $- | $4.18M | $- | $- |
| Cash and Short Term Investments | $109.64M | $825.00K | $16.54M | $7.42M | $7.33M |
| Net Receivables | $193.78M | $191.75M | $176.78M | $284.13M | $159.60M |
| Inventory | $- | $- | $3.06M | $302.82M | $1 |
| Other Current Assets | $- | $- | $- | $30.32M | $145.53M |
| Total Current Assets | $303.42M | $195.96M | $213.53M | $301.38M | $287.31M |
| Property Plant Equipment Net | $- | $- | $3.39B | $3.09B | $2.90B |
| Goodwill | $53.49M | $53.49M | $82.94M | $98.92M | $98.92M |
| Intangible Assets | $60.48M | $82.59M | $114.38M | $94.38M | $90.59M |
| Goodwill and Intangible Assets | $113.97M | $136.08M | $197.32M | $193.30M | $189.51M |
| Long Term Investments | $- | $- | $4.18M | $-3.93B | $-3.74B |
| Tax Assets | $- | $- | $-3.39B | $3.93B | $3.74B |
| Other Non-Current Assets | $- | $3.73B | $3.67B | $348.94M | $358.00M |
| Total Non-Current Assets | $113.97M | $3.86B | $3.87B | $3.63B | $3.45B |
| Other Assets | $3.04B | $- | $- | $- | $- |
| Total Assets | $3.46B | $4.06B | $4.09B | $3.93B | $3.74B |
| Account Payables | $149.05M | $131.52M | $110.31M | $114.45M | $112.00M |
| Short Term Debt | $- | $368.32M | $350.00M | $- | $327.61M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $107.03M | $- | $59.98M | $80.69M | $36.89M |
| Other Current Liabilities | $-149.05M | $24.90M | $-460.31M | $-114.45M | $-439.61M |
| Total Current Liabilities | $107.03M | $524.73M | $195.64M | $221.19M | $174.57M |
| Long Term Debt | $225.22M | $1.69B | $1.63B | $1.88B | $1.29B |
| Deferred Revenue Non-Current | $- | $- | $59.98M | $80.69M | $36.89M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-59.98M | $-75.76M | $-27.06M |
| Other Non-Current Liabilities | $2.19B | $123.10M | $542.61M | $104.08M | $473.67M |
| Total Non-Current Liabilities | $2.42B | $1.81B | $2.04B | $1.92B | $1.67B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $2.53B | $2.33B | $2.24B | $2.14B | $1.84B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $1.24M | $1.24M | $1.23M | $1.23M | $1.24M |
| Retained Earnings | $- | $-1.99B | $-1.86B | $-1.90B | $-1.77B |
| Accumulated Other Comprehensive Income Loss | $-10.12M | $-9.42M | $-8.68M | $-18.15M | $-24.10M |
| Other Total Stockholders Equity | $1.60B | $3.72B | $3.71B | $3.70B | $3.69B |
| Total Stockholders Equity | $1.59B | $1.72B | $1.85B | $1.79B | $1.90B |
| Total Equity | $1.59B | $1.72B | $1.85B | $1.79B | $1.90B |
| Total Liabilities and Stockholders Equity | $4.11B | $4.06B | $4.09B | $3.93B | $3.74B |
| Minority Interest | $1.52M | $1.56M | $1.59M | $1.63M | $1.68M |
| Total Liabilities and Total Equity | $4.11B | $4.06B | $4.09B | $3.93B | $3.74B |
| Total Investments | $- | $3.03M | $4.18M | $-3.93B | $-3.74B |
| Total Debt | $192.42M | $2.05B | $1.98B | $1.88B | $1.62B |
| Net Debt | $82.79M | $2.05B | $1.97B | $1.87B | $1.61B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $109.64M | $133.62M | $143.82M | $3.54M | $4.21M | $5.04M | $5.17M | $170.59M | $16.54M | $10.65M | $6.40M | $7.21M | $7.42M | $8.19M | $8.12M | $10.69M | $7.33M | $23.96M | $36.47M | $7.92M |
| Short Term Investments | $109.53B | $- | $3.58M | $4.15M | $3.03M | $5.84M | $5.69M | $- | $4.18M | $3.76M | $996.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $109.64B | $133.62M | $143.82M | $3.54M | $4.21M | $5.04M | $5.17M | $170.59M | $16.54M | $10.65M | $6.40M | $7.21M | $7.42M | $8.19M | $8.12M | $10.69M | $7.33M | $23.96M | $36.47M | $7.92M |
| Net Receivables | $199.31M | $196.87M | $194.53M | $195.09M | $191.75M | $190.65M | $185.73M | $182.60M | $176.78M | $180.92M | $173.96M | $167.87M | $284.13M | $287.05M | $281.94M | $279.30M | $159.60M | $165.92M | $155.91M | $150.21M |
| Inventory | $- | $- | $-3.58M | $4.22M | $-3.03M | $-5.84M | $-5.69M | $- | $3.06M | $-3.76M | $1.46M | $1.46M | $-19.04M | $6.09M | $1.58M | $1.74M | $-21.39M | $1.78M | $1.77M | $1.76M |
| Other Current Assets | $4.25M | $3.34M | $8.63M | $23.68M | $- | $5.98M | $5.05M | $4.18M | $- | $23.93M | $- | $- | $30.32M | $24.91M | $29.47M | $22.65M | $145.53M | $28.07M | $33.02M | $29.77M |
| Total Current Assets | $109.64B | $333.83M | $341.62M | $226.71M | $195.96M | $201.68M | $195.95M | $357.38M | $213.53M | $217.69M | $208.77M | $197.86M | $301.38M | $334.51M | $329.24M | $314.38M | $287.31M | $219.73M | $227.17M | $211.83M |
| Property Plant Equipment Net | $- | $- | $3.38B | $3.38B | $3.43B | $3.41B | $3.41B | $- | $3.39B | $3.45B | $78.73M | $3.06B | $3.09B | $2.95B | $2.94B | $2.98B | $2.90B | $3.04B | $3.04B | $3.04B |
| Goodwill | $53.49M | $53.49M | $53.49M | $53.49M | $53.49M | $71.98M | $82.94M | $82.94M | $82.94M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M | $98.92M |
| Intangible Assets | $- | $- | $70.76M | $76.73M | $82.59M | $91.39M | $98.36M | $- | $114.38M | $123.53M | $78.73M | $86.35M | $94.38M | $68.87M | $75.85M | $83.16M | $90.59M | $98.52M | $106.00M | $115.43M |
| Goodwill and Intangible Assets | $53.49M | $53.49M | $124.25M | $130.22M | $136.08M | $163.37M | $181.30M | $82.94M | $197.32M | $222.44M | $177.65M | $185.27M | $193.30M | $167.79M | $174.77M | $182.08M | $189.51M | $197.44M | $204.91M | $214.35M |
| Long Term Investments | $- | $- | $- | $4.15M | $3.03M | $5.84M | $5.69M | $- | $4.18M | $- | $996.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $-4.15M | $-3.43B | $-3.42B | $-3.42B | $- | $-3.39B | $- | $-996.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $3.75B | $3.75B | $314.20M | $261.32M | $3.72B | $3.71B | $3.72B | $3.80B | $3.67B | $296.30M | $3.23B | $255.46M | $348.94M | $303.87M | $311.66M | $263.32M | $358.00M | $293.47M | $299.51M | $452.57M |
| Total Non-Current Assets | $3.80B | $3.80B | $3.82B | $3.77B | $3.86B | $3.87B | $3.90B | $3.88B | $3.87B | $3.97B | $3.49B | $3.50B | $3.63B | $3.43B | $3.43B | $3.42B | $3.45B | $3.53B | $3.54B | $3.71B |
| Other Assets | $3.35T | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.46T | $4.14B | $4.16B | $3.99B | $4.06B | $4.07B | $4.09B | $4.24B | $4.09B | $4.19B | $3.70B | $3.70B | $3.93B | $3.76B | $3.76B | $3.74B | $3.74B | $3.75B | $3.77B | $3.92B |
| Account Payables | $149.05M | $150.65M | $140.79M | $106.64M | $131.52M | $120.58M | $107.63M | $98.46M | $110.31M | $111.26M | $99.72M | $83.61M | $114.45M | $127.67M | $111.56M | $92.18M | $112.00M | $120.76M | $95.42M | $90.46M |
| Short Term Debt | $250.00M | $- | $250.00M | $216.00M | $50.15M | $400.00M | $- | $- | $350.00M | $550.00M | $350.00M | $81.00M | $- | $78.00M | $300.00M | $327.42M | $327.61M | $27.98M | $301.10M | $152.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $107.03M | $99.29M | $100.13M | $95.14M | $89.93M | $89.99M | $89.81M | $67.06M | $59.98M | $70.80M | $72.42M | $79.49M | $80.69M | $73.61M | $70.59M | $56.64M | $36.89M | $36.61M | $35.23M | $35.44M |
| Other Current Liabilities | $15.30M | $- | $-390.79M | $-216.00M | $-181.67M | $-520.58M | $-107.63M | $- | $-34.62M | $-661.26M | $-449.72M | $-81.00M | $-114.45M | $-78.00M | $-411.56M | $-419.61M | $-439.61M | $-148.74M | $-396.52M | $-242.46M |
| Total Current Liabilities | $521.38M | $249.94M | $240.92M | $201.78M | $236.59M | $210.57M | $197.44M | $165.52M | $195.64M | $182.06M | $261.15M | $244.10M | $221.19M | $279.29M | $258.16M | $192.82M | $174.57M | $157.38M | $130.65M | $277.90M |
| Long Term Debt | $2.01B | $2.26B | $2.01B | $2.11B | $1.73B | $1.70B | $2.10B | $2.20B | $1.63B | $1.60B | $1.32B | $- | $1.88B | $1.59B | $1.37B | $1.33B | $1.29B | $1.63B | $1.36B | $1.98B |
| Deferred Revenue Non-Current | $- | $- | $100.13M | $95.14M | $89.93M | $89.99M | $89.81M | $- | $59.98M | $- | $72.42M | $79.49M | $80.69M | $73.61M | $70.59M | $56.64M | $36.89M | $36.61M | $35.23M | $35.44M |
| Deferred Tax Liabilities Non-Current | $- | $- | $187.53M | $-95.14M | $-143.51M | $-89.99M | $-89.81M | $- | $-59.98M | $- | $- | $- | $-75.76M | $-66.90M | $-63.28M | $-48.98M | $-27.06M | $-26.00M | $-6.65M | $-1.58M |
| Other Non-Current Liabilities | $8.00K | $151.68M | $390.79M | $-179.76M | $80.17M | $520.58M | $107.63M | $53.89M | $116.93M | $721.96M | $410.27M | $1.71B | $104.08M | $165.70M | $378.05M | $403.23M | $473.67M | $7.73M | $295.66M | $26.71M |
| Total Non-Current Liabilities | $2.01B | $2.41B | $2.26B | $2.11B | $2.10B | $2.10B | $2.10B | $2.25B | $2.04B | $2.21B | $1.62B | $1.63B | $1.92B | $1.62B | $1.63B | $1.66B | $1.67B | $1.67B | $1.69B | $1.86B |
| Other Liabilities | $- | $-150.65M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.53B | $2.51B | $2.50B | $2.31B | $2.33B | $2.31B | $2.30B | $2.42B | $2.24B | $2.39B | $1.88B | $1.87B | $2.14B | $1.90B | $1.89B | $1.85B | $1.84B | $1.82B | $1.82B | $2.14B |
| Preferred Stock | $- | $- | $2.05B | $2.03B | $- | $1.94B | $1.91B | $- | $- | $2 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.24M | $1.24M | $1.24M | $1.24M | $1.24M | $1.24M | $1.24M | $1.24M | $1.23M | $1.23M | $1.23M | $1.23M | $1.23M | $1.24M | $1.24M | $1.24M | $1.24M | $1.26M | $1.26M | $1.26M |
| Retained Earnings | $-2.13B | $-2.08B | $-2.06B | $-2.03B | $-1.99B | $-1.94B | $-1.91B | $-1.88B | $-1.86B | $-1.91B | $-1.88B | $-1.87B | $-1.90B | $-1.82B | $-1.81B | $-1.79B | $-1.77B | $-1.74B | $-1.72B | $-1.89B |
| Accumulated Other Comprehensive Income Loss | $- | $-11.31M | $-8.18M | $-8.09M | $-9.42M | $-6.72M | $-6.98M | $-10.27M | $-8.68M | $-9.19M | $-12.05M | $-13.57M | $-18.15M | $-20.04M | $-21.37M | $-21.81M | $-24.10M | $-24.99M | $-23.36M | $-20.98M |
| Other Total Stockholders Equity | $3.71B | $3.72B | $3.72B | $3.72B | $3.72B | $3.71B | $3.71B | $3.71B | $3.71B | $3.71B | $3.71B | $3.71B | $3.70B | $3.70B | $3.70B | $3.70B | $3.69B | $3.69B | $3.69B | $3.69B |
| Total Stockholders Equity | $1.59B | $1.63B | $1.66B | $1.68B | $1.72B | $1.77B | $1.80B | $1.82B | $1.85B | $1.80B | $1.81B | $1.83B | $1.79B | $1.86B | $1.87B | $1.89B | $1.90B | $1.93B | $1.95B | $1.78B |
| Total Equity | $1.59B | $1.63B | $1.66B | $1.68B | $1.72B | $1.77B | $1.80B | $1.82B | $1.85B | $1.80B | $1.82B | $1.83B | $1.79B | $1.86B | $1.87B | $1.89B | $1.90B | $1.93B | $1.95B | $1.78B |
| Total Liabilities and Stockholders Equity | $4.11B | $4.14B | $4.16B | $3.99B | $4.06B | $4.07B | $4.09B | $4.24B | $4.09B | $4.19B | $3.70B | $3.70B | $3.93B | $3.76B | $3.76B | $3.74B | $3.74B | $3.75B | $3.77B | $3.92B |
| Minority Interest | $1.52M | $1.53M | $1.54M | $1.55M | $1.56M | $1.57M | $1.57M | $1.58M | $1.59M | $1.60M | $1.61M | $1.62M | $1.63M | $1.65M | $1.66M | $1.68M | $1.68M | $1.70M | $1.71M | $1.72M |
| Total Liabilities and Total Equity | $4.11B | $4.14B | $4.16B | $3.99B | $4.06B | $4.07B | $4.09B | $4.24B | $4.09B | $4.19B | $3.70B | $3.70B | $3.93B | $3.76B | $3.76B | $3.74B | $3.74B | $3.75B | $3.77B | $3.92B |
| Total Investments | $109.53B | $- | $3.58M | $4.15M | $3.03M | $5.84M | $5.69M | $- | $4.18M | $3.76M | $996.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $2.26B | $2.22B | $2.26B | $2.07B | $2.10B | $2.05B | $2.05B | $2.20B | $1.98B | $2.15B | $1.67B | $1.67B | $1.88B | $1.67B | $1.67B | $1.66B | $1.62B | $1.62B | $1.62B | $1.93B |
| Net Debt | $2.15B | $2.09B | $2.12B | $2.07B | $2.09B | $2.05B | $2.04B | $2.03B | $1.97B | $2.13B | $1.67B | $1.66B | $1.87B | $1.66B | $1.66B | $1.65B | $1.61B | $1.59B | $1.59B | $1.92B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-79.06M | $-48.39M | $146.83M | $-1.17M | $232.69M |
| Depreciation and Amortization | $156.83M | $226.85M | $215.39M | $199.27M | $195.11M |
| Deferred Income Tax | $- | $- | $- | $40.45M | $-200.76M |
| Stock Based Compensation | $9.55M | $8.09M | $8.97M | $10.98M | $9.72M |
| Change in Working Capital | $- | $-9.07M | $-30.98M | $-10.60M | $-45.54M |
| Accounts Receivables | $- | $- | $-14.16M | $-9.69M | $-30.89M |
| Inventory | $- | $- | $- | $-1.86M | $-6.26M |
| Accounts Payables | $- | $- | $-1.59M | $1.86M | $6.26M |
| Other Working Capital | $- | $-9.07M | $-15.23M | $-912.00K | $-14.66M |
| Other Non Cash Items | $110.79M | $32.65M | $-124.99M | $3.27M | $2.08M |
| Net Cash Provided by Operating Activities | $198.11M | $210.13M | $215.22M | $242.20M | $193.28M |
| Investments in Property Plant and Equipment | $- | $-158.19M | $-121.36M | $-122.63M | $-112.58M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $415.89M | $- | $360.09M |
| Other Investing Activities | $-186.62M | $-37.83M | $-295.78M | $-246.31M | $-445.39M |
| Net Cash Used for Investing Activities | $-186.62M | $-196.02M | $-1.25M | $-368.93M | $-197.88M |
| Debt Repayment | $164.36M | $67.69M | $-93.58M | $253.97M | $138.78M |
| Common Stock Issued | $-185.00K | $- | $-460.00K | $- | $- |
| Common Stock Repurchased | $- | $-1.76M | $-3.94M | $-19.54M | $-29.99M |
| Dividends Paid | $-61.86M | $-93.12M | $-104.37M | $-103.91M | $-106.31M |
| Other Financing Activities | $-4.32M | $-4.08M | $-5.27M | $-4.15M | $-4.07M |
| Net Cash Used Provided by Financing Activities | $98.18M | $-29.50M | $-203.23M | $126.38M | $-1.58M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $109.68M | $-15.39M | $10.74M | $-354.00K | $-6.17M |
| Cash at End of Period | $113.88M | $4.21M | $19.60M | $8.86M | $9.21M |
| Cash at Beginning of Period | $4.21M | $19.60M | $8.86M | $9.21M | $15.39M |
| Operating Cash Flow | $198.11M | $210.13M | $215.22M | $242.20M | $193.28M |
| Capital Expenditure | $- | $-158.19M | $-121.36M | $-122.63M | $-112.58M |
| Free Cash Flow | $198.11M | $51.94M | $93.86M | $119.58M | $80.70M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-29.98M | $-11.52M | $-9.81M | $-27.76M | $-28.03M | $-17.00M | $-1.99M | $-1.36M | $75.57M | $3.33M | $7.96M | $59.96M | $-31.75M | $11.30M | $9.94M | $9.34M | $22.61M | $8.94M | $192.43M | $8.71M |
| Depreciation and Amortization | $55.24M | $56.07M | $56.91M | $55.53M | $62.27M | $54.91M | $55.83M | $55.58M | $56.11M | $55.77M | $51.89M | $51.63M | $51.87M | $49.19M | $48.99M | $49.23M | $47.69M | $48.90M | $49.12M | $49.40M |
| Deferred Income Tax | $- | $- | $- | $- | $-73.90M | $10.64M | $- | $- | $- | $- | $- | $- | $40.03M | $- | $- | $412.00K | $-14.91M | $306.00K | $-186.16M | $-3.00K |
| Stock Based Compensation | $3.29M | $2.19M | $2.20M | $1.88M | $2.06M | $2.10M | $2.16M | $1.76M | $2.09M | $2.01M | $2.05M | $2.81M | $2.78M | $1.75M | $3.18M | $3.27M | $2.74M | $1.44M | $1.65M | $3.90M |
| Change in Working Capital | $19.14M | $-4.69M | $17.29M | $-26.53M | $-3.10M | $13.13M | $-2.60M | $-16.51M | $-7.48M | $11.08M | $-9.84M | $-24.75M | $13.37M | $1.65M | $-9.41M | $-16.20M | $-4.42M | $-12.14M | $-13.58M | $-15.41M |
| Accounts Receivables | $-2.44M | $7.05M | $-391.00K | $-6.66M | $-1.10M | $-4.32M | $-3.27M | $-5.42M | $597.00K | $-5.96M | $-5.09M | $-3.71M | $3.76M | $-6.49M | $-4.40M | $-2.56M | $11.00K | $-9.97M | $-10.91M | $-10.01M |
| Inventory | $- | $- | $- | $- | $-2.65M | $-21.25M | $-2.20M | $- | $- | $- | $- | $19.07M | $3.77M | $- | $- | $224.00K | $-8.27M | $- | $- | $753.00K |
| Accounts Payables | $- | $2.64M | $22.61M | $-23.63M | $2.65M | $21.25M | $2.20M | $- | $9.59M | $- | $-11.18M | $-19.07M | $1.86M | $9.16M | $6.97M | $-15.79M | $6.26M | $- | $- | $-6.94M |
| Other Working Capital | $21.58M | $-14.38M | $-4.92M | $101.00K | $-1.99M | $17.46M | $670.00K | $-11.09M | $-17.67M | $-1.72M | $6.44M | $-21.04M | $3.98M | $8.14M | $-5.02M | $1.92M | $-2.42M | $-2.16M | $-2.67M | $785.00K |
| Other Non Cash Items | $17.35M | $838.00K | $94.04M | $1.42M | $90.30M | $1.52M | $1.41M | $930.00K | $-75.06M | $1.01M | $-146.00K | $-49.80M | $874.00K | $955.00K | $681.00K | $760.00K | $761.00K | $789.00K | $324.00K | $206.00K |
| Net Cash Provided by Operating Activities | $65.04M | $42.88M | $66.83M | $23.36M | $49.60M | $65.31M | $54.82M | $40.40M | $51.23M | $72.21M | $51.93M | $39.85M | $77.17M | $64.84M | $53.37M | $46.82M | $54.47M | $48.23M | $43.78M | $46.80M |
| Investments in Property Plant and Equipment | $-72.12M | $-42.99M | $-50.93M | $-46.06M | $-44.80M | $-41.74M | $-35.47M | $-36.18M | $-25.85M | $-36.38M | $-26.56M | $-32.56M | $-39.15M | $-28.77M | $-28.95M | $-25.76M | $-32.57M | $-25.05M | $-22.57M | $-32.38M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $21.58M | $- | $53.31M | $1.95M | $- | $- | $- | $153.79M | $- | $2.00K | $262.09M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-13.93M | $-11.63M | $-14.63M | $-9.21M | $-16.17M | $-6.66M | $-7.72M | $-9.22M | $-8.84M | $-6.36M | $-4.44M | $256.86M | $-235.98M | $-3.45M | $-4.82M | $-2.05M | $-12.35M | $-3.88M | $347.36M | $-416.43M |
| Net Cash Used for Investing Activities | $-86.06M | $-33.04M | $-65.56M | $-1.97M | $-59.02M | $-48.41M | $-43.19M | $-45.40M | $119.11M | $-313.65M | $-31.00M | $224.29M | $-275.13M | $-32.22M | $-33.76M | $-27.81M | $-44.92M | $-28.94M | $324.79M | $-448.81M |
| Debt Repayment | $-877.00K | $-868.00K | $151.71M | $14.39M | $3.61M | $475.00K | $-150.00M | $213.60M | $-162.50M | $272.83M | $4.58M | $-209.00M | $212.00M | $-1.42M | $4.58M | $38.81M | $4.63M | $-4.51M | $-312.27M | $450.93M |
| Common Stock Issued | $- | $-89.00K | $- | $- | $-233.03M | $- | $- | $- | $-460.00K | $- | $- | $- | $- | $- | $- | $- | $- | $295.76M | $48.00M | $792.62M |
| Common Stock Repurchased | $- | $995.00K | $-140.00K | $-855.00K | $-76.00K | $-33.00K | $-69.00K | $-1.58M | $-3.94M | $3.70M | $-337.00K | $-3.37M | $-18.85M | $-114.00K | $-772.00K | $-685.00K | $-29.99M | $-99.00K | $-1.00M | $-1.60M |
| Dividends Paid | $-216.00K | $-15.51M | $-15.51M | $-30.63M | $-336.00K | $-15.47M | $-25.99M | $-51.33M | $-575.00K | $-25.92M | $-25.93M | $-51.95M | $-14.00K | $-26.07M | $-26.08M | $-51.74M | $-477.00K | $-26.47M | $-26.48M | $-52.88M |
| Other Financing Activities | $-977.00K | $-326.00K | $-1.41M | $-1.60M | $-674.00K | $-1.11M | $-128.00K | $-515.00K | $-505.00K | $-4.19M | $-65.00K | $-15.00K | $-594.00K | $-542.00K | $-832.00K | $-2.19M | $-250.00K | $-806.00K | $-1.27M | $-1.74M |
| Net Cash Used Provided by Financing Activities | $-2.07M | $-16.70M | $134.79M | $-17.84M | $2.60M | $-16.10M | $-176.19M | $160.18M | $-163.58M | $246.43M | $-21.74M | $-264.33M | $192.54M | $-28.04M | $-22.34M | $-15.79M | $-26.08M | $-31.79M | $-340.01M | $396.30M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-15.85M | $15.85M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-23.09M | $-6.86M | $136.06M | $3.56M | $-6.82M | $805.00K | $-164.55M | $155.18M | $6.76M | $4.99M | $-812.00K | $-192.00K | $-5.42M | $4.58M | $-2.73M | $3.22M | $-16.52M | $-12.50M | $28.56M | $-5.71M |
| Cash at End of Period | $113.88M | $136.97M | $143.82M | $7.76M | $4.21M | $11.03M | $10.22M | $174.78M | $19.60M | $12.84M | $7.86M | $8.67M | $8.86M | $14.28M | $9.70M | $12.43M | $9.21M | $25.74M | $38.24M | $9.68M |
| Cash at Beginning of Period | $136.97M | $143.82M | $7.76M | $4.21M | $11.03M | $10.22M | $174.78M | $19.60M | $12.84M | $7.86M | $8.67M | $8.86M | $14.28M | $9.70M | $12.43M | $9.21M | $25.74M | $38.24M | $9.68M | $15.39M |
| Operating Cash Flow | $65.04M | $42.88M | $66.83M | $23.36M | $49.60M | $65.31M | $54.82M | $40.40M | $51.23M | $72.21M | $51.93M | $39.85M | $77.17M | $64.84M | $53.37M | $46.82M | $54.47M | $48.23M | $43.78M | $46.80M |
| Capital Expenditure | $-72.12M | $-42.99M | $-50.93M | $-46.06M | $-44.80M | $-41.74M | $-35.47M | $-36.18M | $-25.85M | $-36.38M | $-26.56M | $-32.56M | $-39.15M | $-28.77M | $-28.95M | $-25.76M | $-32.57M | $-25.05M | $-22.57M | $-32.38M |
| Free Cash Flow | $-7.08M | $-111.00K | $15.90M | $-22.70M | $4.80M | $23.57M | $19.35M | $4.21M | $25.38M | $35.82M | $25.37M | $7.28M | $38.02M | $36.07M | $24.43M | $21.06M | $21.90M | $23.18M | $21.21M | $14.42M |
Piedmont Office Realty Trust Dividends
Explore Piedmont Office Realty Trust's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
5.46%
Dividend Payout Ratio
-78.24%
Dividend Paid & Capex Coverage Ratio
3.20x
Piedmont Office Realty Trust Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.125 | $0.125 | February 21, 2025 | February 21, 2025 | March 14, 2025 | February 03, 2025 |
| $0.125 | $0.125 | November 22, 2024 | November 22, 2024 | January 02, 2025 | October 24, 2024 |
| $0.125 | $0.125 | August 23, 2024 | August 23, 2024 | September 20, 2024 | July 25, 2024 |
| $0.125 | $0.125 | May 23, 2024 | May 24, 2024 | June 14, 2024 | April 24, 2024 |
| $0.125 | $0.125 | February 22, 2024 | February 23, 2024 | March 15, 2024 | February 01, 2024 |
| $0.125 | $0.125 | November 22, 2023 | November 24, 2023 | January 02, 2024 | October 25, 2023 |
| $0.125 | $0.125 | August 24, 2023 | August 25, 2023 | September 15, 2023 | July 26, 2023 |
| $0.21 | $0.21 | May 25, 2023 | May 26, 2023 | June 16, 2023 | May 01, 2023 |
| $0.21 | $0.21 | February 23, 2023 | February 24, 2023 | March 17, 2023 | February 01, 2023 |
| $0.21 | $0.21 | November 23, 2022 | November 25, 2022 | January 03, 2023 | October 25, 2022 |
| $0.21 | $0.21 | August 25, 2022 | August 26, 2022 | September 16, 2022 | July 27, 2022 |
| $0.21 | $0.21 | May 26, 2022 | May 27, 2022 | June 17, 2022 | April 27, 2022 |
| $0.21 | $0.21 | February 24, 2022 | February 25, 2022 | March 18, 2022 | February 02, 2022 |
| $0.21 | $0.21 | November 24, 2021 | November 26, 2021 | January 04, 2022 | October 27, 2021 |
| $0.21 | $0.21 | August 26, 2021 | August 27, 2021 | September 17, 2021 | July 28, 2021 |
| $0.21 | $0.21 | June 17, 2021 | June 18, 2021 | April 28, 2021 | |
| $0.21 | $0.21 | May 27, 2021 | May 28, 2021 | June 18, 2021 | April 28, 2021 |
| $0.21 | $0.21 | February 25, 2021 | February 26, 2021 | March 19, 2021 | February 02, 2021 |
| $0.21 | $0.21 | November 25, 2020 | November 27, 2020 | January 04, 2021 | October 28, 2020 |
| $0.21 | $0.21 | August 27, 2020 | August 28, 2020 | September 18, 2020 | July 29, 2020 |
Piedmont Office Realty Trust News
Read the latest news about Piedmont Office Realty Trust, including recent articles, headlines, and updates.
Piedmont Office Realty Trust, Inc. to Report First Quarter 2025 Financial Results
Atlanta, April 09, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, April 28, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, April 29, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company's investor relations website. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.
Cash COWs: 11 High-Yield REITs
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Buried Treasures: 4 Dramatically Undervalued REITs
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Piedmont Office Realty Trust Expands Board with Appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly
Atlanta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the following appointments to its Board of Directors: Deneen Donnley, Senior Vice President and General Counsel, Consolidated Edison (NYSE: ED); Stephen E. Lewis, Retired Chair and Chief Executive Officer of Troutman Pepper; and Jeffrey J. Donnelly, Chief Executive Officer and Director of DiamondRock Hospitality (NYSE: DRH). With these three appointments, Piedmont's board of directors now consists of ten total members.
Piedmont Office Realty Trust: A Bargain Opportunity Before The Market Catches On
Piedmont Office Realty Trust is experiencing earnings headwinds when looking at the surface. Positive market dynamics, including a flight to quality and shrinking supply pipelines, are benefiting office REITs like Piedmont and de-risking investments. Going into 2025 and beyond, I will show you that this is the time to buy into the stock.
Piedmont Office Realty Trust, Inc. (PDM) Q4 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q4 2024 Earnings Call February 14, 2025 9:00 AM ET Company Participants Laura Moon - Investor Relations Brent Smith - President and Chief Executive Officer George Wells - Chief Operating Officer Chris Kollme - Executive Vice President, Investments Sherry Rexroad - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Nick Thillman - Baird Dylan Burzinski - Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust, Inc. Fourth Quarter 2024 Earnings Call.
Piedmont Office (PDM) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Piedmont Office (PDM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2024 Results
Atlanta, Feb. 13, 2025 (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 and year ended December 31, 2024.
Seeking Clues to Piedmont Office (PDM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Piedmont Office (PDM) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND Atlanta, Feb. 03, 2025 (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 2025. The dividend will be paid on March 14, 2025 to stockholders of record as of the close of business on February 21, 2025.
Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2024 Financial Results
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.
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 demographic growth supports Piedmont's strategic focus, with significant population increases driving demand for premium office spaces. Piedmont's financial health is robust, with climbing occupancy rates, conservative leverage, and well-covered dividends, indicating resilience and potential for future growth.
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 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) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Piedmont Office (PDM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Two Government Officials Caught Red-Handed in Massive PDM Money Theft
Yesterday October, 17, 3025, two government officials were arraigned before the Bududa Chief Magistrates Court on charges of mishandling Parish Development Model (PDM) funds. The suspects, Wakoko Kassim and Nakhaima Francis, now face serious allegations of corruption and deceit in Bududa District. Wakoko Kassim, the Parish Chief of Bunandutu, is accused of defrauding millions of […] The post Two Government Officials Caught Red-Handed in Massive PDM Money Theft appeared first on Watchdog Uganda...
MITALA UMAR: Strengthening Justice for PDM Extortion: Beyond Mediation, A Call for Tougher Punishments.
The Parish Development Model (PDM) is one of Uganda’s most ambitious socio-economic programs aimed at uplifting grassroots communities through financial empowerment. However, the rising incidents of extortion and misuse of PDM funds pose a significant threat to this initiative. The trend of resolving such cases through mediation or restitution alone is insufficient to address the […] The post MITALA UMAR: Strengthening Justice for PDM Extortion: Beyond Mediation, A Call for Tougher Punishments...
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, 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.
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 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.
Are Investors Undervaluing Piedmont Office Realty Trust (PDM) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 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.
Is Piedmont Office Realty Trust (PDM) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
President Museveni urges Ugandans to utilise Local Council systems to demand accountability from leaders
President Yoweri Kaguta Museveni has strongly reiterated his call to Ugandans to utilise Local Council (LC) systems for effective service delivery. According to the President, through proper usage of the systems, citizens are able to demand accountability from their leaders as far as government programs like the Parish Development Model (PDM) and Emyooga are concerned. […] The post President Museveni urges Ugandans to utilise Local Council systems to demand accountability from leaders appeared...
Cash Cows: 9 High-Yield REITs With Safe Dividends
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Piedmont Office (PDM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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.
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