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 Ratings3.4

Locations

Piedmont Office Realty Trust is headquartered in
Duluth, United States

Location Map

Latest Updates

Employees (est.) (Dec 2019)134
Job Openings7
Revenue (FY, 2019)$533.2 M(+2%)
Share Price (Oct 2020)$11.6 (-4%)
Cybersecurity ratingAMore

Key People/Management at Piedmont Office Realty Trust

C. Brent Smith

C. Brent Smith

President, Chief Executive Officer & Director
Laura P. Moon

Laura P. Moon

Chief Accounting Officer & SVP
Robert E. Bowers

Robert E. Bowers

Chief Financial and Administrative Officer, EVP
Christopher A. Kollme

Christopher A. Kollme

EVP Finance and Strategy
George M. Wells

George M. Wells

EVP Real Estate Operations
Kevin D. Fossum

Kevin D. Fossum

SVP Property Management
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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 $533.18 m in FY, 2019
USD

Revenue (Q2, 2020)

134.6m

Gross profit (Q2, 2020)

81.5m

Gross profit margin (Q2, 2020), %

60.5%

Net income (Q2, 2020)

192.4m

Market capitalization (28-Oct-2020)

1.5b

Closing stock price (28-Oct-2020)

11.6

Cash (30-Jun-2020)

36.5m

EV

3.0b
Piedmont Office Realty Trust's current market capitalization is $1.5 b.
Annual
USDY, 2009Y, 2010Y, 2011FY, 2011FY, 2012Y, 2012FY, 2013Y, 2013FY, 2014Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

10.0m56.7m139.7m139.7m13.0m13.0m7.0m7.0m12.3m12.3m5.4m5.4m7.0m7.4m4.6m13.5m

Accounts Receivable

24.7m25.0m31.1m27.7m26.3m247.1k12.1m10.8m

Prepaid Expenses

9.9m13.0m24.8m27.8m24.8m22.5m25.4m25.4m

Inventories

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Piedmont Office Realty Trust Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Piedmont Office Realty Trust Online and Social Media Presence

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Piedmont Office Realty Trust News and Updates

Piedmont Office Realty Trust Completes Sale of 1901 Market Street in Philadelphia

Atlanta, GA, June 30, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in select amenity-rich sub-markets within seven major Eastern U.S. office markets, today announced that it has completed the sale of it…

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2019 Results

Atlanta, GA, Feb. 04, 2020 (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 seven major Eastern U.S. office markets, today announced its results for the quarter and …

Piedmont Office Realty Trust to Report Fourth Quarter and Annual 2019 Financial Results

Atlanta, GA, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual 2019 financial results on Tuesday, February 4, 2020, after the close of trading on the New York Stock Exchange.  An audio webcast and …

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…
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Piedmont Office Realty Trust Blogs

Piedmont Office Realty Trust Frequently Asked Questions

  • Who are Piedmont Office Realty Trust key executives?

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

  • 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 $533.2 m.

  • What is Piedmont Office Realty Trust revenue per employee?

    Latest Piedmont Office Realty Trust revenue per employee is $4 m.

  • Who are Piedmont Office Realty Trust competitors?

    Competitors of Piedmont Office Realty Trust include CBRE USA, CBRE Group and Pennsylvania Real Estate Investment 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.