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Last $17.30 USD
Change Today 0.00 / 0.00%
Volume 1.1M
PDM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

piedmont office realty tru-a (PDM) Snapshot

Open
$17.24
Previous Close
$17.30
Day High
$17.39
Day Low
$17.18
52 Week High
01/28/15 - $20.15
52 Week Low
08/26/15 - $16.54
Market Cap
2.6B
Average Volume 10 Days
1.3M
EPS TTM
$0.47
Shares Outstanding
151.3M
EX-Date
08/26/15
P/E TM
36.5x
Dividend
$0.84
Dividend Yield
4.86%
Current Stock Chart for PIEDMONT OFFICE REALTY TRU-A (PDM)

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piedmont office realty tru-a (PDM) Details

Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily consists of office and industrial buildings, warehouses, and manufacturing facilities. As of December 31, 2007, the company owned interests in 83 properties that are wholly owned and controlled through consolidated joint ventures. It has elected to be taxed as a real estate investment trust and would not be subject to federal income tax, if it distributes approximately 90% of its taxable income to its shareholders. The company was incorporated in 1997 and is headquartered in Norcross, Georgia.

130 Employees
Last Reported Date: 02/18/15
Founded in 1997

piedmont office realty tru-a (PDM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $720.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $450.0K
Head of Development and Executive Vice Presid...
Total Annual Compensation: $310.0K
Executive Vice President of Real Estate Opera...
Total Annual Compensation: $260.0K
Executive Vice President of Capital Markets
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2014.

piedmont office realty tru-a (PDM) Key Developments

Piedmont Office Realty Trust Inc. Announces Board Changes

Piedmont Office Realty Trust Inc. announced that Dale H. Taysom will join the company's Board of Directors beginning October 1, 2015. Mr. Taysom will serve as a member of the Audit Committee. The addition is part of a planned transition as a result of the company's adoption of term limits for its directors during 2014. William H. Keogler, Jr. will retire from the Board effective September 30, 2015.

Piedmont Office Realty Trust Mulls Investments

Piedmont Office Realty Trust Inc. (NYSE:PDM) is seeking investments. Don Miller, Chief Executive Officer of Piedmont Office Realty Trust, said, “In conjunction with the closing early in the fourth quarter, we anticipate receiving net sales proceeds of approximately $640 million net of buyer assumed lease abatements and approximately $48 million in contractual tenant capital improvements and leasing commissions. We intend to use the proceeds to enhance our balance sheet through the paydown of debt and to position the Company to potentially fund strategic acquisitions and/or selective share repurchases depending on the opportunities that arise.”

Piedmont Office Realty Trust Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015; Reports Impairment Charges for the Second Quarter of 2015

Piedmont Office Realty Trust Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $146,734,000 compared to $138,580,000 for the same period a year ago. Income from continuing operations was $3,372,000 compared to $9,325,000 for the same period a year ago. Operating loss $3,000 compared to operating income of $514,000 for the same period a year ago. Net income was $29,980,000 compared to $12,283,000 for the same period a year ago. Net income attributable to the company was $29,976,000 compared to $12,279,000 for the same period a year ago. Diluted income from continuing operations per share was $0.20 compared to $0.07 for the same period a year ago. Diluted net income available to common stockholders per share was $0.20 compared to $0.08 for the same period a year ago. NAREIT funds from operations applicable to common stock were $59,625,000 compared to $57,731,000 for the same period a year ago. Core funds from operations applicable to common stock were $59,760,000 compared to $56,614,000 for the same period a year ago. Adjusted funds from operations applicable to common stock were $45,734,000 compared to $23,105,000 for the same period a year ago. Funds from operations per share, diluted were $0.39 compared to $0.37 for the same period a year ago. Core funds from operations per share, diluted were $0.39 compared to $0.37 for the same period a year ago. Adjusted funds from operations per share, diluted were $0.30 compared to $0.15 for the same period a year ago. Core EBITDA was $77,969,000 compared to $74,745,000 for the same period a year ago. Same Store NOI (cash basis) was $76,738,000 compared to $69,393,000 for the same period a year ago. The current quarter's results reflect increased revenue due to properties acquired since the second quarter of the prior year, offset by increased depreciation and amortization expense. Increase in core FFO was primarily attributable to increased contributions from properties acquired over the last twelve months, the commencement of several significant leases, and the expiration of various operating expense abatement periods since the second quarter of the prior year. For the six months, the company reported total revenues of $296,493,000 compared to $274,900,000 for the same period a year ago. Income from continuing operations was $12,548,000 compared to $18,362,000 for the same period a year ago. Operating loss $3,000 compared to operating income of $980,000 for the same period a year ago. Net income was $49,229,000 compared to $21,680,000 for the same period a year ago. Net income attributable to the company was $49,221,000 compared to $21,672,000 for the same period a year ago. Diluted income from continuing operations per share was $0.32 compared to $0.13 for the same period a year ago. Diluted net income available to common stockholders per share was $0.32 compared to $0.14 for the same period a year ago. NAREIT funds from operations applicable to common stock were $119,580,000 compared to $115,761,000 for the same period a year ago. Core funds from operations applicable to common stock were $119,859,000 compared to $111,668,000 for the same period a year ago. Adjusted funds from operations applicable to common stock were $91,342,000 compared to $55,143,000 for the same period a year ago. Funds from operations per share, diluted were $0.78 compared to $0.75 for the same period a year ago. Core funds from operations per share, diluted were $0.78 compared to $0.72 for the same period a year ago. Adjusted funds from operations per share, diluted were $0.59 compared to $0.36 for the same period a year ago. Core EBITDA was $157,284,000 compared to $148,843,000 for the same period a year ago. The company revised earnings guidance for the year 2015. Based on management's expectations, the company is narrowing its guidance for full-year 2015 to net income in the range of $152 million to $160 million, Depreciation, Amortization, and other in the range of $208 million to $214 million, Core FFO to be in the rang of $240 million to $240 million and Core FFO per diluted share in the range of $1.58 - $1.62. For the second quarter of 2015, the company reported impairment loss on real estate asset of $5,354,000.

 

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