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 Realty Trust, Inc. (NYSE: PDM) generates a steady flow of news tied to its role as a fully integrated, self-managed real estate investment company focused on Class A office properties in major U.S. Sunbelt markets. As an owner, manager, developer and operator of approximately 16 million square feet of office space, the company regularly updates investors on leasing activity, capital markets transactions and financial performance.
News items for PDM often cover leasing milestones across its portfolio, including total square footage leased during a given year, the share of activity attributable to new tenants and the utilization of previously vacant or out-of-service space. Management commentary in these releases highlights the impact of renovated buildings, a customer-centric placemaking mindset and the "Piedmont PLACEs" concept on tenant demand and leasing momentum.
In addition to operational updates, Piedmont’s news feed includes announcements related to debt offerings, cash tender offers for outstanding senior notes, amendments to credit facilities and the use of shelf registration statements and equity distribution programs. The company also issues press releases about quarterly earnings releases, conference calls, webcasts and participation in real estate industry conferences.
Investors and observers following PDM news can use this page to review the company’s latest leasing statistics, portfolio metrics, financing decisions and strategic communications around its Sunbelt-focused office platform. Regular updates provide context on how Piedmont manages its Class A office portfolio, approaches capital structure decisions and positions its "Piedmont PLACEs" within the evolving office market.
Piedmont Office Realty Trust (NYSE: PDM) will announce its first quarter financial results on May 1, 2023, after market close. A conference call to discuss the performance will occur on May 2, 2023, at 9:00 AM ET. The call can be accessed via the investor relations website, where management will review results and address questions. Piedmont's portfolio boasts a value of approximately $5 billion and includes around 17 million square feet of Class A office properties mainly in U.S. Sunbelt markets. The company is recognized for its investment-grade rating and is an ENERGY STAR Partner of the Year for 2023.
Piedmont Office Realty Trust, (NYSE:PDM) reported its 2022 financial results, showcasing significant gains and operational achievements despite economic challenges. For Q4 2022, the company posted a net income of $75.6 million, with a $101.1 million gain from real estate sales. Core Funds From Operations (Core FFO) stood at $61.2 million, slightly down from $63 million in Q4 2021. The company completed 433,000 square feet of leasing in Q4 and a total of 2.2 million square feet for the year. Debt levels increased to $1.98 billion, reflecting rising interest rates. Piedmont declared a $0.21 dividend, with 2023 guidance showing expected Core FFO between $223 to $236 million.
Piedmont Office Realty Trust (NYSE: PDM) announced a quarterly cash dividend of $0.21 per share for Q1 2023, totaling $0.84 annually. This payment will be made on March 17, 2023 to shareholders recorded by February 24, 2023. The company, with a $5 billion portfolio of approximately 17 million square feet primarily in key U.S. Sunbelt markets, is rated investment-grade by S&P and Moody's. Piedmont is also recognized as a 2022 ENERGY STAR Partner of the Year.
Piedmont Office Realty Trust (NYSE: PDM) announced the tax treatment of its 2022 common stock dividends. Stockholders should consult tax advisors for specifics regarding their tax obligations. The report details dividends of $0.21 per share paid on January 3, 2023, with all distributions taxable in 2023. Piedmont boasts a $5 billion portfolio of approximately 17 million square feet of Class A office properties, primarily in the Sunbelt, and is rated investment-grade by S&P Global Ratings and Moody's. For more information about Piedmont and its performance, visit piedmontreit.com.
Piedmont Office Realty Trust (NYSE: PDM) announced plans to release its fourth quarter financial results on February 8, 2023, after NYSE trading closes. A conference call will occur on February 9, 2023, at 9:00 a.m. Eastern time, where management will review financial performance and address investor questions. Piedmont manages a $5 billion portfolio, encompassing around 17 million square feet of Class A office properties, primarily in the Sunbelt region. The company holds an investment-grade rating from S&P Global Ratings (BBB) and Moody's (Baa2).
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