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.
Closing share price
|FY, 2010||FY, 2011||FY, 2012||FY, 2013||FY, 2014||FY, 2015|
|$523 M||$525 M||$521 M||$550 M||$566 M||$585 M|
Operating expense total
|$66.5 M||$65.8 M||$65 M||$73.6 M||$74.4 M||$74 M|