Piedmont Realty Trust reports recurring developments as a self-managed REIT that owns, manages, develops and operates Class A office properties across major U.S. Sunbelt markets. Company news centers on quarterly and annual financial results, leasing activity, portfolio occupancy, tenant demand, redevelopment and placemaking initiatives under the Piedmont PLACEs approach, and operating updates across its office portfolio.
Additional announcements cover dividend tax treatment for common stockholders, participation in REIT industry events, and leadership changes tied to property management, asset management, construction and redevelopment functions.
Piedmont Realty Trust (NYSE:PDM), a Class A office property owner focused on the Sunbelt region, has reported strong leasing activity in Q3 2025. The company has secured over 500,000 square feet of leases in the third quarter, with more than 400,000 square feet attributed to new tenants.
Notable achievements include: 85% of new tenant leases covering previously vacant space, year-to-date leasing volume exceeding 1.5 million square feet, and approximately 178,000 square feet of new tenant leases in the out-of-service portfolio, which is now over 50% leased. The company maintains a robust late-stage pipeline of 400,000 square feet, with two-thirds representing potential new tenants, and remains confident in achieving its 2025 leasing goal of 2.2 to 2.4 million square feet.
Piedmont Realty Trust (NYSE: PDM) has announced the release of its financial and operational results for the second quarter of 2025. The company has scheduled a conference call and webcast for Tuesday, July 29, 2025, at 9:00 a.m. ET where management will review Q2 performance and conduct a Q&A session.
The earnings release and supplemental information are available on the company's investor relations website. Analysts can participate using the provided dial-in numbers, and a replay will be accessible through August 12, 2025.
Piedmont Realty Trust (NYSE: PDM) has scheduled the release of its second quarter 2025 financial results on Monday, July 28, 2025, after NYSE market close. The company will host a conference call on Tuesday, July 29, 2025, at 9:00 a.m. ET to discuss the results.
The conference call will be available in listen-only mode via webcast on the company's investor relations website. Management will review Q2 performance and conduct a Q&A session. Analysts can participate using domestic line (888) 506-0062 or international line (973) 528-0011 with access code 400825. A replay will be available through August 12, 2025.
Piedmont Office Realty Trust (NYSE: PDM) has announced the release of its financial and operational results for the first quarter of 2025. The company has scheduled a comprehensive earnings presentation through multiple channels.
Key Details:
- Conference call and audio webcast scheduled for Tuesday, April 29, 2025, at 9:00 A.M. Eastern time
- Live audio webcast accessible via company website at investor.piedmontreit.com
- Dial-in numbers for analysts: - US/Canada: (888) 506-0062 - International: (973) 528-0011 - Participant Access Code: 217290
A replay will be available through May 13, 2025 with the following access options:
- US/Canada replay: (877) 481-4010
- International replay: (919) 882-2331
- Conference ID: 52310
- Webcast replay available in Investor Relations section
The management team will present Q1 2025 performance, recent events, and host a Q&A session during the call.
Piedmont Office Realty Trust (NYSE: PDM) has scheduled the release of its first quarter 2025 financial results on Monday, April 28, 2025, after the NYSE trading closes. The company will host a conference call on Tuesday, April 29, 2025, at 9:00 a.m. ET to discuss Q1 performance and recent events.
The conference call will be available in listen-only mode via webcast on the company's investor relations website. Management will conduct a Q&A session during the call. Analysts can participate using domestic line (888) 506-0062 or international line (973) 528-0011 with participant code 217290. A replay will be available through May 13, 2025.
Piedmont Office Realty Trust (NYSE:PDM) has expanded its Board of Directors with three new appointments, bringing the total board membership to ten. The new appointees are:
- Deneen Donnley, current Senior Vice President and General Counsel at Consolidated Edison (NYSE: ED)
- Stephen E. Lewis, former Chair and CEO of Troutman Pepper law firm
- Jeffrey J. Donnelly, current CEO and Director of DiamondRock Hospitality (NYSE: DRH)
Each appointee brings significant experience in their respective fields. Donnley has extensive legal and financial services background, Lewis brings strategic transaction expertise, and Donnelly contributes substantial real estate and financial management experience. Board Chair Kelly H. Barrett expressed enthusiasm about the appointments, highlighting the unique perspectives each new member brings to the boardroom.
Piedmont Office Realty Trust (NYSE:PDM) reported its Q4 and full-year 2024 results, showing a net loss of $30.0 million ($0.24 per share) for Q4 2024, compared to a $28.0 million loss in Q4 2023. The company's Core FFO decreased to $0.37 per share in Q4 2024 from $0.41 in Q4 2023.
Notable achievements include completing 2.4 million square feet of leasing in 2024, the highest since 2015, with over 1 million square feet in new tenant leasing. The company's leased percentage improved to 88.4% from 87.1% year-over-year. Rental rates increased by 11.9% on a cash basis and 18.9% on an accrual basis for the year.
The company has approximately $710 million in total liquidity and successfully refinanced its debt, with no maturities until 2028. For 2025, Piedmont projects Core FFO guidance of $1.38-$1.44 per diluted share.
Piedmont Office Realty Trust (NYSE: PDM), a real estate investment trust (REIT), has announced its first quarter dividend for 2025. The company's board of directors has declared a regular quarterly cash dividend of $0.125 per share, which amounts to $0.50 per share on an annualized basis. The dividend will be distributed on March 14, 2025, to stockholders who are on record as of the close of business on February 21, 2025.