Piedmont Office Realty Trust, Inc. (PDM)
Piedmont Office Realty Trust, Inc. operates in the REIT - Office industry of the Real Estate sector, headquartered in Atlanta, GA, US. The stock last traded at $9.50, up 1.60% on the session, giving a market capitalisation of $1.19B. On trailing twelve-month figures it carries a trailing P/E of -14.64, a net margin of -14.2%. Its beta of 1.35 implies it has historically moved more than the broad market.
Piedmont Office Realty Trust, Inc. (PDM), traded on the NYSE, is a real estate investment trust that acquires, manages, develops, and operates premium, Class A office properties. These assets are strategically situated in key sub-markets across seven major Eastern U.S. office markets, with the Sunbelt region contributing the majority of its revenue. The company's geographically diversified portfolio encompasses approximately 17 million square feet, valued at roughly $5 billion. As a self-managed and fully integrated REIT, Piedmont maintains local management teams within each of its operational markets and holds investment-grade credit ratings from S&P Global Ratings (BBB) and Moody's (Baa2). Demonstrating its commitment to sustainability, by the close of the third quarter, approximately 63% of its portfolio was ENERGY STAR certified, and around 41% had achieved LEED certification.
Piedmont Office Realty Trust, Inc. is most often compared with the following Real Estate names: