OverviewSuggest Edit

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.

TypePublic
HQDuluth, US
Websitepiedmontreit.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2018)134(-1%)
Job Openings8
Revenue (FY, 2018)$526 M(-8%)
Share Price (Oct 2019)$20.9 (+2%)

Key People/Management at Piedmont Office Realty Trust

Robert E. Bowers

Robert E. Bowers

Chief Financial, EVP and Administrative Officer
Laura P. Moon

Laura P. Moon

Chief Accounting Officer & SVP
C. Brent Smith

C. Brent Smith

Chief Investment Officer & EVP Northeast Region
Christopher A. Kollme

Christopher A. Kollme

EVP Finance and Strategy
Kevin D. Fossum

Kevin D. Fossum

SVP Property Management
Edward H. Guilbert

Edward H. Guilbert

SVP Finance and Treasurer
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Piedmont Office Realty Trust Office Locations

Piedmont Office Realty Trust has an office in Duluth
Duluth, US (HQ)
11695 Johns Creek Pkwy #350
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Piedmont Office Realty Trust Financials and Metrics

Piedmont Office Realty Trust Revenue

Piedmont Office Realty Trust's revenue was reported to be $525.97 m in FY, 2018
USD

Revenue (Q1, 2019)

132.9m

Net income (Q1, 2019)

50.2m

Market capitalization (17-Oct-2019)

2.6b

Closing stock price (17-Oct-2019)

20.9

Cash (31-Mar-2019)

4.6m
Piedmont Office Realty Trust's current market capitalization is $2.6 b.
Annual
usdFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

523.4m525.1m520.7m554.5m566.3m584.8m555.7m574.2m526.0m

Revenue growth, %

0%(1%)6%2%3%(5%)

General and administrative expense

30.4m29.2m31.1m29.7m

Operating expense total

30.4m29.2m31.1m29.7m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

146.7m148.8m138.0m135.3m138.5m148.5m148.7m137.6m129.9m129.2m129.7m132.9m

General and administrative expense

8.1m8.2m7.9m8.3m7.4m8.6m8.0m6.6m6.6m8.3m6.7m9.4m

Operating expense total

8.1m8.2m7.9m8.3m7.4m8.6m8.0m6.6m6.6m8.3m6.7m9.4m

Depreciation and amortization

51.0m45.2m49.6m49.0m50.3m51.2m49.4m48.1m43.9m42.4m41.7m44.2m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013FY, 2013Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018

Cash

10.0m56.7m139.7m13.0m7.0m7.0m12.3m5.4m5.4m7.0m7.4m4.6m

Accounts Receivable

247.1k

Inventories

Goodwill

180.1m180.1m180.1m180.1m180.1m180.1m98.9m98.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

16.0m9.3m8.6m8.8m7.5m9.0m7.7m4.7m21.1m6.0m6.8m9.6m36.1m6.7m8.9m6.8m4.6m

Goodwill

180.1m180.1m180.1m180.1m180.1m180.1m180.1m180.1m180.1m180.1m98.9m98.9m98.9m98.9m98.9m98.9m98.9m

Total Assets

4.6b4.6b4.7b4.8b4.8b4.8b4.7b4.4b4.3b4.4b4.4b4.3b4.1b3.6b3.6b3.6b3.4b

Total Liabilities

2.1b2.2b2.3b2.4b2.5b2.5b2.6b2.2b2.1b2.2b2.3b2.2b1.9b1.8b1.9b1.9b1.7b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

98.7m43.4m173.0m99.7m133.5m130.3m

Depreciation and Amortization

123.6m138.7m134.5m127.7m119.3m108.0m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

69.1m9.4m21.7m30.8m19.2m49.2m47.4m10.4m90.5m77.7m15.1m38.8m164.9m57.8m68.8m84.9m50.2m

Depreciation and Amortization

91.4m33.7m67.9m103.2m36.2m72.3m103.5m31.8m63.3m94.9m30.8m60.8m90.8m27.1m54.3m81.1m26.5m

Cash From Operating Activities

168.3m70.1m108.9m157.5m43.6m94.8m132.6m49.7m102.7m172.0m50.3m111.7m176.3m33.3m83.2m138.3m40.2m

Cash From Investing Activities

(356.7m)(9.4m)(57.3m)(201.3m)(64.0m)(34.5m)(34.2m)16.0m131.0m(31.6m)(32.8m)(45.1m)301.5m368.4m351.5m327.3m151.5m
USDY, 2019

Financial Leverage

2 x
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Piedmont Office Realty Trust Online and Social Media Presence

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Piedmont Office Realty Trust News and Updates

Piedmont Office Realty Trust Acquires Remainder of the Atlanta Galleria Office Towers

Atlanta, GA, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has completed the purchase of Galleria 400 and Galleria 600, two office towers totaling approximately 860,000 square feet and an adjacent 10.2 acre land parcel entitled for one mil…

Piedmont Office Realty Trust Reports Second Quarter 2019 Results

Atlanta, GA, July 31, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in select sub-markets within eight major Eastern U.S. office markets, today announced its results for the quarter ende…

Piedmont Office Realty Trust to Report Second Quarter 2019 Financial Results

Atlanta, GA, July 18, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter 2019 financial results on Wednesday, July 31, 2019, after the close of trading on the New York Stock Exchange.  An audio webcast and a conference…

Piedmont Office Realty Trust Acquires Class A Property and Expands its Presence in Northwest Atlanta Market

Atlanta, GA, May 13, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has completed the purchases of Galleria 100, an 18-story, landmark office building, and a 1.5 acre development parcel, both of which are located within The Galleria, a master-planne…

Piedmont Office Realty Trust Reports First Quarter 2019 Results

Atlanta, GA, May 01, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties in select sub-markets located primarily within eight major Eastern U.S. office markets, today announced its results for the quarter ended…

Piedmont Office Realty Trust to Report First Quarter 2019 Financial Results

Atlanta, GA, April 09, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter 2019 financial results on Wednesday, May 1, 2019, after the close of trading on the New York Stock Exchange.  An audio webcast and a conference c…
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Piedmont Office Realty Trust Frequently Asked Questions

  • Who are Piedmont Office Realty Trust key executives?

    Piedmont Office Realty Trust's key executives are Robert E. Bowers, Laura P. Moon and C. Brent Smith.

  • How many employees does Piedmont Office Realty Trust have?

    Piedmont Office Realty Trust has 134 employees.

  • What is Piedmont Office Realty Trust revenue?

    Latest Piedmont Office Realty Trust annual revenue is $526 m.

  • What is Piedmont Office Realty Trust revenue per employee?

    Latest Piedmont Office Realty Trust revenue per employee is $3.9 m.

  • Who are Piedmont Office Realty Trust competitors?

    Competitors of Piedmont Office Realty Trust include Pennsylvania Real Estate Investment Trust, Kennedy Wilson Holdings and Gramercy Property Trust.

  • Where is Piedmont Office Realty Trust headquarters?

    Piedmont Office Realty Trust headquarters is located at 11695 Johns Creek Pkwy #350, Duluth.

  • Where are Piedmont Office Realty Trust offices?

    Piedmont Office Realty Trust has an office in Duluth.

  • How many offices does Piedmont Office Realty Trust have?

    Piedmont Office Realty Trust has 1 office.