Welcome to our dedicated page for Piedmont Realty Trust news (Ticker: PDM), a resource for investors and traders seeking the latest updates and insights on Piedmont Realty Trust stock.
Piedmont Office Realty Trust, Inc. (NYSE: PDM) maintains a premier portfolio of Class A office properties across major U.S. markets, combining operational expertise with disciplined financial management. This news hub provides investors and industry professionals with essential updates about the company’s strategic initiatives and market performance.
Access comprehensive coverage of PDM’s leasing achievements, asset repositioning strategies, and financial results. Our curated collection features official press releases alongside analysis of property acquisitions, capital management decisions, and operational milestones that shape this self-managed REIT’s trajectory.
Key updates include quarterly earnings reports, tenant retention successes, and progress on sustainability initiatives within PDM’s Class A portfolio. Track the company’s low-leverage approach to growth and its focus on Sunbelt markets through verified information sources.
Bookmark this page for streamlined access to Piedmont’s latest developments. Regular updates ensure you stay informed about one of commercial real estate’s most strategically managed REITs without promotional bias or market speculation.
Piedmont Office Realty Trust (NYSE:PDM) announced that Travel + Leisure Co (NYSE:TNL) has signed a lease for Piedmont’s 501 W. Church building in downtown Orlando for its new headquarters.
The lease covers the entire 182,000 square foot, 5-story building through 2040 and will bring approximately 900 jobs to downtown Orlando.
Piedmont will renovate and rebrand the building to meet Travel + Leisure’s needs, adding modern amenities such as a fitness center, conference center, and café. This move marks the largest lease in downtown Orlando since 2019.
Piedmont collaborated with local officials and economic partners to secure the lease and plans to complete renovations by 2025.
Piedmont Office Realty Trust, Inc. reported a net loss of $27.8 million, or $0.22 per diluted share, for Q1 2024, with significant leasing activity and strong Same Store NOI growth. The company completed approximately 500,000 square feet of leasing, including executing a new tenant leasing of 328,000 square feet. The Company sold One Lincoln Park in Dallas for $54 million. The balance sheet showed Total Real Estate Assets of $3.45 billion and Total Debt of $2.07 billion. The company received the 2024 ENERGY STAR Partner of the Year award and LEED Gold certification for three buildings.
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