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Last $18.14 USD
Change Today -0.05 / -0.27%
Volume 1.4M
PDM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

piedmont office realty tru-a (PDM) Snapshot

Open
$18.19
Previous Close
$18.19
Day High
$18.24
Day Low
$18.04
52 Week High
01/28/15 - $20.15
52 Week Low
06/10/15 - $16.83
Market Cap
2.8B
Average Volume 10 Days
1.2M
EPS TTM
$0.30
Shares Outstanding
154.4M
EX-Date
05/27/15
P/E TM
60.2x
Dividend
$0.84
Dividend Yield
4.58%
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
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 Seeks Acquisitions

Piedmont Office Realty Trust Inc. (NYSE:PDM) is looking for acquisition opportunities. Piedmont Office Realty Trust entered into a binding agreement to sell Aon Center, located in Chicago and Piedmont intends to use the proceeds to enhance its balance sheet through the pay-down of debt and to position the Company to potentially fund strategic acquisitions and/or selective share repurchases, depending upon the opportunities that arise.

Piedmont Office Realty Trust Inc. and Providence One Partners LLC Plans to Build New TownPark Commons

Piedmont Office Realty Trust Inc. and Providence One Partners LLC wants to build the new TownPark Commons on an 18.9-acre site on the east side of International Parkway, west of Interstate 4 and south of State Road 417. Plans for TownPark Commons include 800,000 square feet of Class A office space in two towers of 10 and 12 stories each, a 250-room hotel and 100,000 square feet of retail space, Seminole County documents showed. Though a construction timeline hasn't yet been established for the project, Piedmont Office Realty Trust's George Wells said construction could begin in mid-2016, depending on how planning and pre-leasing play out. It appears to be a lot of office space at a time when there's still vacancy - the Lake Mary submarket had a 13.9% office vacancy rate in second-quarter 2015.

PDM Eyes Acquisitions

Piedmont Office Realty Trust Inc. (NYSE:PDM) is looking for acquisition opportunities. As on June 23, 2015, The Board of Directors of PDM authorized the repurchase of up to $200 million of PDM's common stock over the next two years. As previously disclosed, PDM is currently marketing certain of its assets for sale. If such sales are consummated, PDM intends to use the sales proceeds for general corporate purposes including, but not limited to, funding the repurchase of shares under the stock repurchase program, paying down debt, or funding future acquisitions, while maintaining or improving PDM's leverage metrics.

 

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PDM

Industry Average

Valuation PDM Industry Range
Price/Earnings 15.8x
Price/Sales 1.4x
Price/Book 0.4x
Price/Cash Flow 9.9x
TEV/Sales 0.2x
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