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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.

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
-
Rhea-AI Summary
Piedmont Office Realty Trust has renewed U.S. Bancorp's 447,000 square-foot global headquarters lease in Minneapolis. U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The bank has been located in the U.S. Bancorp Center since 2000 and employs over 11,000 employees in Minnesota.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
none
-
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. has signed a new 77,000 square-foot lease with GE Vernova through 2036. The lease brings the leased percentage of the 2.1 million square foot complex to 90%. Piedmont has signed almost 800,000 square feet of new tenant leases at Galleria on the Park since 2020.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
none
Rhea-AI Summary
Piedmont Office Realty Trust (PDM) declares a regular quarterly cash dividend of $0.125 per share for Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
dividends
-
Rhea-AI Summary
Piedmont Office Realty Trust to release Q3 financial results and hold conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
conferences earnings
-
Rhea-AI Summary
Piedmont Office Realty Trust (NYSE: PDM) Announces Regular Quarterly Cash Dividend Increase
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.73%
Tags
dividends
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced the results of its cash tender offer for its outstanding 4.450% senior notes due 2024. The company accepted all notes validly tendered and not withdrawn, with an aggregate principal amount of $349,366,000, representing 87.34% of the outstanding principal amount. The settlement date for the tendered notes is expected to be July 27, 2023. BofA Securities, Inc. and J.P. Morgan Securities LLC acted as dealer managers for the tender offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
none
-
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. completes $400 million notes issuance, reschedules earnings call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.54%
Tags
earnings
-
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. has priced an offering of $400 million senior unsecured notes due 2028. The net proceeds will be used to fund the purchase of outstanding senior notes due 2024. If the tender offer is not consummated, the remaining net proceeds will be used for debt repayment and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.45%
Tags
none
Rhea-AI Summary
Piedmont Office Realty Trust, Inc. has announced a cash tender offer to purchase its outstanding senior notes due 2024. The offer will expire on July 24, 2023, and the settlement date is expected to be on July 27, 2023. The tender offer is conditioned upon the completion of a proposed debt financing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
none
Piedmont Office Realty Trust Inc

NYSE:PDM

PDM Rankings

PDM Stock Data

870.93M
121.85M
1.29%
87.78%
2.12%
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.