Piedmont Realty Trust (NYSE: PDM) is a fully integrated, self-managed real estate investment trust focused on owning, managing, developing, and operating Class A office properties primarily in major U.S. Sunbelt markets. The company's portfolio encompasses approximately 16 million square feet across 30 in-service projects and 3 out-of-service redevelopment projects, with a hospitality-driven approach to creating premier workplace environments branded as 'Piedmont PLACEs.' The tenant base spans 789 tenants across 1,027 leases, diversified across industries including business services, engineering, government, and legal services. Major tenants include the State of New York, New York City, US Bancorp, Amazon, Microsoft, and Broadcom. The company's senior unsecured notes carry investment-grade ratings from Moody's (Baa3), Standard & Poor's (BB+/BBB-), and Fitch (BBB-). Piedmont operates with local management offices in each of its markets, including Atlanta, Dallas, Orlando, New York, Minneapolis, and Boston, with additional properties in Northern Virginia/Washington D.C. The portfolio is heavily weighted toward ENERGY STAR rated (83%) and LEED certified (73%) properties, with 67% certified LEED Gold. The company also holds six developable land parcels totaling 46.1 acres with a combined book value of $47.4 million adjacent to existing projects in Atlanta, Dallas, and Orlando. Updated
Pre-Market Stock Futures: Futures are trading mixed as we await an interest-rate announcement from Federal Reserve Chairman Kevin Warsh today at 2:30 PM EDT. Most of Wall Street believes the Fed will…
Piedmont Realty Trust (NYSE: PDM) is a fully integrated, self-managed real estate investment trust focused on owning, managing, developing, and operating Class A office properties primarily in major U.S. Sunbelt markets.
