Piedmont Office Realty Trust(PDM)

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Piedmont Office Realty Trust: Improved 2025 Leasing Guidance Reinforces My Strong Buy
Seeking Alpha· 2025-06-03 05:38
When reading through the comment sections of [my] articles, I'm always a bit surprised by the short time horizon that some investors seem to have. In my view, buying and selling a stock within a <1 year horizon looks moreI'm Luuk Wierenga, an economics teacher from the Netherlands with a strong focus on income investing. My investment journey began during COVID-19, and since then, I've specialized in identifying high-yield Real Estate Investment Trusts (REITS) that provide stable passive income and/or a pos ...
Piedmont REIT Signs over 500,000 SF of Leases Second Quarter-to-Date and Raises Full Year Leasing Guidance from 1.4 - 1.6 million SF to 1.8 - 2.0 million SF
GlobeNewswire News Room· 2025-06-02 10:30
Atlanta, June 02, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week’s Nareit REITWeek Investor Conference in New York City. The Company has completed over 500,000 square feet of leasing thus far in the second quarter, with 350,000 square feet related to new tenants. Approximately 70% of the new tenant leases are for curren ...
Piedmont Office Realty: They Did The Right Thing, But The Market Didn't Get It
Seeking Alpha· 2025-05-01 16:31
Sometimes, I just feel lucky. As a contrarian investor with a long-term horizon, I'm just enjoying investing right now. Because Mr. Market seems to be losing his mind.I'm Luuk Wierenga, an economics teacher from the Netherlands with a strong focus on income investing. My investment journey began during COVID-19, and since then, I've specialized in identifying high-yield Real Estate Investment Trusts (REITS) that provide stable passive income and/or a possible mean reversion. As an educator, I apply fundamen ...
Piedmont Office Realty Stock: Dividend Elimination Gives A Buying Opportunity
Seeking Alpha· 2025-05-01 12:30
I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea.Analyst’s D ...
Piedmont Office Realty Trust(PDM) - 2025 Q1 - Earnings Call Transcript
2025-04-29 17:48
Piedmont Office Realty Trust (PDM) Q1 2025 Earnings Call April 29, 2025 01:48 PM ET Speaker0 Greetings. Welcome to the Piedmont Office Realty Trust First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Laura Moon. You may begin. Speaker1 Thank you, operator, and good morning, everyone. We apprec ...
Piedmont Office Realty Trust(PDM) - 2025 Q1 - Earnings Call Transcript
2025-04-29 14:02
Piedmont Office Realty Trust (PDM) Q1 2025 Earnings Call April 29, 2025 09:00 AM ET Company Participants Laura Moon - Chief Accounting Officer & EVPBrent Smith - President, CEO & DirectorGeorge Wells - Executive VP & COOChristopher Kollme - Executive Vice President of Investments & StrategySherry Rexroad - CFO & EVP Conference Call Participants Dylan Burzinski - Senior Analyst, OfficeNicholas Thillman - Senior Research Analyst Operator Greetings. Welcome to the Piedmont Office Realty Trust First Quarter twe ...
Piedmont Office Realty Trust(PDM) - 2025 Q1 - Earnings Call Transcript
2025-04-29 14:02
Piedmont Office Realty Trust (PDM) Q1 2025 Earnings Call April 29, 2025 09:00 AM ET Company Participants Laura Moon - Chief Accounting Officer & EVPBrent Smith - President, CEO & DirectorGeorge Wells - Executive VP & COOChristopher Kollme - Executive Vice President of Investments & StrategySherry Rexroad - CFO & EVP Conference Call Participants Dylan Burzinski - Senior Analyst, OfficeNicholas Thillman - Senior Research Analyst Operator Greetings. Welcome to the Piedmont Office Realty Trust First Quarter twe ...
Piedmont Office (PDM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-04-28 23:30
Piedmont Office (PDM) reported $142.69 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 1.3%. EPS of $0.36 for the same period compares to -$0.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $141.54 million, representing a surprise of +0.81%. The company delivered an EPS surprise of +2.86%, with the consensus EPS estimate being $0.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...
Piedmont Office (PDM) Q1 FFO and Revenues Surpass Estimates
ZACKS· 2025-04-28 22:35
Core Viewpoint - Piedmont Office (PDM) reported quarterly funds from operations (FFO) of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, but down from $0.39 per share a year ago, indicating a slight decline in performance year-over-year [1][2] Financial Performance - The company posted revenues of $142.69 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.81%, although this is a decrease from year-ago revenues of $144.54 million [2] - Over the last four quarters, Piedmont Office has surpassed consensus revenue estimates three times [2] Stock Performance and Outlook - Piedmont Office shares have declined approximately 25.7% since the beginning of the year, contrasting with the S&P 500's decline of 6.1% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of FFO expectations [3][4] Estimate Revisions and Market Position - The current estimate revisions trend for Piedmont Office is unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] - The consensus FFO estimate for the upcoming quarter is $0.35 on revenues of $141.43 million, and for the current fiscal year, it is $1.43 on revenues of $564.95 million [7] Industry Context - The REIT and Equity Trust - Other industry, to which Piedmont Office belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting a challenging environment for the stock [8]
Piedmont Office Realty Trust(PDM) - 2025 Q1 - Quarterly Results
2025-04-28 20:20
EXHIBIT 99.1 Piedmont Office Realty Trust, Inc. Earnings Release and Supplemental Information Index | | Page | | Page | | --- | --- | --- | --- | | Introduction | | Diversification Tables | | | Forward-Looking Statements | 3 | Tenant Diversification | 29 | | Earnings Release | 4 | Tenant Credit Rating & Lease Distribution | 30 | | Company Information | 8 | Industry Diversification | 31 | | Research Coverage | 9 | Geographic Diversification | 32 | | Portfolio Statistics & Key Performance Indicators | 10 | Ge ...