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Yahoo
02-06-2025
- Business
- Yahoo
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
YTD Leasing of over 850,000 SF 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 currently vacant space and year-to-date leasing volume now totals over 850,000 square feet. Of note, the Company signed two new, large transactions in excess of 10 years – 93,000 square feet with a global professional services firm specializing in risk, strategy and people at Three Galleria Office Tower in Dallas and 84,000 square feet with a global frozen food distributor at the Company's recently repositioned 9320 Excelsior building in suburban Minneapolis. Commenting on second quarter operational success to date, Brent Smith, Piedmont's President and Chief Executive Officer, said, "The portfolio's leasing momentum accelerated during April and May with the team executing over half a million square feet of leases despite the turbulent economic backdrop. To date, we have not witnessed a slowdown in leasing demand or decision making. Piedmont's client pipeline remains robust with over 400,000 square feet of leases currently in legal documentation with more than half for currently vacant space. In addition, we have 2.6 million square feet of leases in the proposal stage, further evidence that the investments that we have made in our portfolio, combined with a 'best-in-class' service and sustainability mindset, are resonating with a broad range of tenants. At this time, we are increasing our 2025 leasing guidance to 1.8 to 2.0 million square feet from our initial guidance of 1.4 to 1.6 million square feet. We continue to emphasize that Piedmont is uniquely positioned to capitalize on the growing demand for highly-amenitized, well-located work environments operated by a financially stable landlord." About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion, predominantly unencumbered portfolio is currently comprised of approximately 16 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by Moody's (Baa3) and Fitch (BBB-). Piedmont is a 2024 ENERGY STAR Partner of the Year – Sustained Excellence. For more information, see Contact: Sarah HeimlichCompany: Piedmont Office Realty TrustPhone: 770 418 8800Email:
Yahoo
22-04-2025
- Business
- Yahoo
BXP Releases 2024 Sustainability & Impact Report
BOSTON, April 22, 2025--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced the release of BXP's 2024 Sustainability & Impact Report. 2024 highlights include: Achieving carbon-neutral operations for greenhouse gas emissions scopes 1 and 2 Adopting new 2030 Energy and Water intensity targets, and science-based greenhouse gas emissions reduction targets Increasing clean energy 'additionality' commitments to over 50 MW of onsite and offsite solar capacity "Excellence and leadership in sustainability is increasingly important to our clients, communities, and capital providers," said Owen Thomas, Chairman & CEO, BXP. "Our focus on measurable impact for our community of stakeholders is core to our strategy and an important driver of our continued success." "We continue to execute our sustainability strategy to strengthen investor and client engagement, support leasing and development activity, and enhance long-term value," said Ben Myers, SVP, Sustainability, BXP. BXP's 2024 Sustainability & Impact Report provides details on BXP's approach, goals, key performance indicators, leadership, and reporting methodologies related to sustainability, social impact, and governance. The complete report is available under the Commitment section of our website at BXP's commitment to sustainability and impact has been recognized by numerous industry groups and rankings. BXP was again named an ENERGY STAR Partner of the Year - Sustained Excellence Award winner, as well as a Best in Building Health winner by the Center for Active Design. BXP was recognized as an inaugural Platinum-level Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy and was the recipient of Nareit's prestigious Leader in the Light Award, as well as the Nareit Sustainability Impact Award. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2024, including properties owned by unconsolidated joint ventures, BXP's portfolio totaled 53.3 million square feet and 185 properties, including seven properties under construction/redevelopment. For more information, please visit our website at or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words "will," "expects," "intends" and similar expressions that do not relate to historical matters. These statements are based on our current plans, expectations, projections and assumptions about future events. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, trends, uncertainties and other factors which are, in some cases, beyond BXP's control and could materially affect actual results, performance or achievements. These factors include, without limitation, BXP's ability to achieve its sustainability goals and targets on time or at all, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. View source version on Contacts At BXP Laura SesodySenior Vice President, Corporate Marketing & Communicationslsesody@ Helen HanVice President, Investor Relationshhan@ Sign in to access your portfolio
Business Wire
22-04-2025
- Business
- Business Wire
BXP Releases 2024 Sustainability & Impact Report
BOSTON--(BUSINESS WIRE)-- BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced the release of BXP's 2024 Sustainability & Impact Report. 2024 highlights include: Achieving carbon-neutral operations for greenhouse gas emissions scopes 1 and 2 Adopting new 2030 Energy and Water intensity targets, and science-based greenhouse gas emissions reduction targets Increasing clean energy 'additionality' commitments to over 50 MW of onsite and offsite solar capacity 'Excellence and leadership in sustainability is increasingly important to our clients, communities, and capital providers,' said Owen Thomas, Chairman & CEO, BXP. 'Our focus on measurable impact for our community of stakeholders is core to our strategy and an important driver of our continued success.' 'We continue to execute our sustainability strategy to strengthen investor and client engagement, support leasing and development activity, and enhance long-term value,' said Ben Myers, SVP, Sustainability, BXP. BXP's 2024 Sustainability & Impact Report provides details on BXP's approach, goals, key performance indicators, leadership, and reporting methodologies related to sustainability, social impact, and governance. The complete report is available under the Commitment section of our website at BXP's commitment to sustainability and impact has been recognized by numerous industry groups and rankings. BXP was again named an ENERGY STAR Partner of the Year - Sustained Excellence Award winner, as well as a Best in Building Health winner by the Center for Active Design. BXP was recognized as an inaugural Platinum-level Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy and was the recipient of Nareit's prestigious Leader in the Light Award, as well as the Nareit Sustainability Impact Award. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2024, including properties owned by unconsolidated joint ventures, BXP's portfolio totaled 53.3 million square feet and 185 properties, including seven properties under construction/redevelopment. For more information, please visit our website at or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'will,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. These statements are based on our current plans, expectations, projections and assumptions about future events. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, trends, uncertainties and other factors which are, in some cases, beyond BXP's control and could materially affect actual results, performance or achievements. These factors include, without limitation, BXP's ability to achieve its sustainability goals and targets on time or at all, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Globe and Mail
09-04-2025
- Business
- Globe and Mail
Piedmont Office Realty Trust, Inc. to Report First Quarter 2025 Financial Results
Atlanta, April 09, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, April 28, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, April 29, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company's investor relations website. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period. To Listen to the Live or Replay of the Webcast: Click on the webcast link under the Investor Relations section of the Company's website at For analysts that are participating in the Conference Call: Please dial in at least fifteen minutes prior to start time to ensure a timely connection. Domestic: (888) 506-0062 International: (973) 528-0011 Participant Access Code: 217290 To Listen to the Replay Telephonically: Domestic: (877) 481-4010 International: (919) 882-2331 Replay Passcode: 52310 The playback can be accessed through May 13, 2025. About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion, predominantly unencumbered portfolio is currently comprised of approximately 16 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by Moody's (Baa3) and Fitch (BBB-). Piedmont is a 2024 ENERGY STAR Partner of the Year – Sustained Excellence. For more information, see
