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Piedmont Realty Trust :
PDM
$9.48
$0.13 (1.41%)
Piedmont Office Realty Trust Inc, based in Atlanta, Georgia, specializes in owning, managing, developing, and redeveloping Class A office spaces mainly in the U.S. Sunbelt regions. As a self-managed real estate investment trust (REIT), Piedmont is recognized for its commitment to sustainability, boasting a high percentage of its properties with Energy Star and LEED certifications. The company has earned accolades as an Energy Star Partner of the Year, highlighting its leadership in energy-efficient office spaces. Piedmont's portfolio is investment-grade rated, reflecting its financial stability and quality of its assets.
Latest Activity
EPS
-$0.09
est -$0.03-$0.06
Revenue
$144M
est $144M-0.1%
Piedmont raised full-year Core FFO guidance for the second consecutive quarter on record-high rental rates and a 9% surge in same-store cash NOI, even as GAAP earnings missed on expected losses of $0.03. The office REIT's 14.1% cash rent roll-ups and $25.56 average net effective rent per square foot signal strong demand for Class A space in Sun Belt markets, with nearly 700,000 square feet of leases executed or in legal stage in July alone.
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