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Piedmont Office Realty Trust Inc - PDM STOCK NEWS

Welcome to our dedicated news page for Piedmont Office Realty Trust (Ticker: PDM), a resource for investors and traders seeking the latest updates and insights on Piedmont Office Realty Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Piedmont Office Realty Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Piedmont Office Realty Trust's position in the market.

News
Piedmont Office Realty Trust, Inc. to Report First Quarter 2024 Financial Results
Rhea-AI Summary
Piedmont Office Realty Trust (PDM) will release its first quarter financial results on April 30, 2024, followed by a conference call on May 1, 2024. The management team will review performance, discuss recent events, and conduct a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.32%
Tags
conferences earnings
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News
Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Sustained Excellence
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. receives the 2024 ENERGY STAR Partner of the Year – Sustained Excellence award for their commitment to energy efficiency. The company has been recognized by the U.S. Environmental Protection Agency and the U.S. Department of Energy for their outstanding efforts in reducing energy consumption across their Class A office properties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
Tags
none
-
News
Piedmont Completes Sale of One Lincoln Park
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. sells One Lincoln Park for $54 million to pay off maturing debt, maintaining a strong financial position. The company plans to use the proceeds to pay off Senior Unsecured Notes, ensuring a smooth transition for tenants and stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.25%
Tags
none
News
Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2023 Results
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. announced its financial results for the quarter ended December 31, 2023, reporting a net loss of $28.0 million, or $0.23 per diluted share, compared to net income of $75.6 million, or $0.61 per diluted share, for the same period in 2022. The company completed approximately 816,000 square feet of leasing during the fourth quarter, bringing total leasing for the year to 2.2 million square feet. Piedmont recognized a net loss of $28.0 million, or $0.23 per diluted share, for the fourth quarter of 2023, as compared to net income of $75.6 million, or $0.61 per diluted share, for the fourth quarter of 2022. The Company achieved the highest sustainability rating of '5 Star' and a second consecutive 'Green Star' recognition based on 2022 performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
Tags
none
-
News
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
Rhea-AI Summary
Piedmont Office Realty Trust (PDM) 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.62%
Tags
dividends
-
News
Piedmont Office Realty Trust Announces Tax Treatment of 2023 Dividends
Rhea-AI Summary
Piedmont Office Realty Trust (NYSE: PDM) has announced the tax treatment of its 2023 common stock dividends. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends. The record date, paid date, dividend per share, ordinary dividends, capital gains, unrecaptured Section 1250 qualified dividend, and Section 199A dividend rate for each dividend payment in 2023 are provided. All of the $0.125 per share distribution paid on January 2, 2024, will be taxable to stockholders in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.62%
Tags
dividends
News
Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2023 Financial Results
Rhea-AI Summary
Piedmont Office Realty Trust (NYSE: PDM) will release its fourth quarter financial results on February 7, 2024, followed by a conference call on February 8, 2024. The management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period. Investors can access the webcast and replay on the company’s investor relations website. Analysts participating in the conference call can dial in at least fifteen minutes prior to start time. Investors interested in submitting a question to the Company prior to the call should send their questions to askpiedmont@piedmontreit.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
conferences earnings
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News
Piedmont Office Realty Trust Announces Pricing of an Add-on Offering of Senior Notes
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. (PDM) announced a $200 million add-on offering of 9.250% senior notes due 2028 by its operating partnership. The offering is expected to close on December 11, 2023, and the net proceeds will be used for general corporate purposes. The notes will be fully and unconditionally guaranteed by the Company and will be issued under the existing indenture. Wells Fargo Securities, BofA Securities, Truist Securities, and US Bancorp are acting as joint book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
offering
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News
Newmark, on Behalf of Piedmont Office Realty Trust, Inc., Secures 447,000 SF Renewal of U.S. Bancorp's Headquarters
Rhea-AI Summary
U.S. Bancorp renews its 447,000-square-foot lease at the 800 Nicollet Mall headquarters in Minneapolis, Minnesota, reaffirming its commitment to Piedmont and the city. The long-term lease renewal ensures complete occupancy of its existing footprint and maintains a 20-year relationship with Piedmont. The U.S. Bancorp Center offers a world-class tenant experience with amenities such as a top-floor space with panoramic views, a fitness center, conference rooms, and on-site security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.61%
Tags
none
News
Piedmont Office Realty Trust Reports Third Quarter 2023 Results
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its Q3 2023 results. Despite a $2.9M increase in total revenues compared to Q3 2022, the company recognized a net loss of $17.0M, or $0.14 per diluted share. Core FFO was $0.43 per diluted share, down from $0.50 in Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
earnings
Stock PDM logo
Piedmont Office Realty Trust Inc

NYSE:PDM

PDM Rankings

#2571 Ranked by Market Cap
#4701 Ranked by Stock Gains
#348 Ranked by Dividends

PDM Stock Data

817.66M
121.85M
1.25%
88.94%
2.54%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
Link
United States
Atlanta

About PDM

piedmont office realty trust, inc. (nyse: pdm) is a fully integrated and self-managed real estate investment trust (reit) specializing in the ownership and management of high-quality class a office buildings located primarily in the ten largest u.s. office markets, including chicago, washington, d. c., new york, dallas, los angeles, and boston. piedmont's wholly-owned office buildings comprise approximately 21 million rentable square feet. the company is headquartered in atlanta, ga, with local management offices in each of its major markets. investment-grade rated by standard & poor's (bbb) and moody's (baa2), piedmont has maintained a low-leverage strategy while transacting almost $6 billion and approximately $1.5 billion in property acquisitions and dispositions, respectively, during its fifteen year operating history.