Atlanta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended September 30, 2024. Highlights for the Three Months Ended September 30, 2024: Financial Results:  Three Months Ended Nine Months Ended(in 000s other than per share amounts )September 30, 2024September 30, 2023 September 30, 2024September 30, 2023Net loss ...

Atlanta, Oct. 14, 2024 (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 completed over 461,000 square feet of leasing during the third quarter of 2024, with approximately 45% of this total leased square footage related to new tenants and bringing its in-service leased percentage to 88.8% as of September 30, 2024. Rents on leases executed during the third q ...

Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, announced today that its property management team, after reviewing detailed property reports for all of the Company's Orlando assets, has reported virtually no damage to any of Piedmont's properties from Hurricane Milton and that all personnel in the affected areas are reported safe. Contact: Sarah Heimlich Company: ...

Atlanta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Atlanta, GA – October 8, 2024 – Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Thursday, October 24, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, October 25, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the confer ...

Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E. Bowers, who has served as the Company's Chief Financial Officer (CFO) since 2007, will transition to an administrative role effective November 8th and Sherry L. Rexroad will succeed him. Ms. Rexroad brings approximately 30 years of experience in REITs and real estate, finance, and capital markets to the role, having most recently served as CFO of STORE Capital, a publicly traded net-lease ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...

Marilyn Nieves Introduction Piedmont Office Realty Trust (NYSE:PDM) has significantly outperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, delivering a ~41% total return against the circa 10% gain for the benchmark ETF: PDM vs VNQ in 2024 (Seeking Alpha) I also covered the shares back in April 2024 with a Neutral rating as I liked the valuation but was cautious due to elevated risks stemming from high leverage and weak occupancy that is plaguing the whole office sector. After reviewing ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Laura Moon - Chief Accounting Officer & Senior Vice President Brent Smith - President, Chief Executive Officer & Director George Wells - Chief Operating Officer & Executive Vice President Chris Kollme - Executive Vice President-Investments and Strategy Bobby Bowers - Chief Financial & Administrative Officer- Executive Vice President Conference Call Participants Nick Thillman - Baird ...

For the quarter ended June 2024, Piedmont Office (PDM) reported revenue of $143.26 million, up 0.1% over the same period last year. EPS came in at $0.37, compared to -$0.02 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $141.25 million, representing a surprise of +1.42%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.37. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...