Latest news with #PiedmontOfficeRealtyTrust
Yahoo
10 hours ago
- Business
- Yahoo
Piedmont Office Realty Trust Rebrands to Piedmont Realty Trust
Atlanta, June 09, 2025 (GLOBE NEWSWIRE) -- --Piedmont Office Realty Trust (NYSE: PDM) ('Piedmont'), a real estate investment trust (REIT), announced today the launch of its new brand identity including a name change to Piedmont Realty Trust, Inc. The rebrand was undertaken to better reflect the company's focus on Piedmont PLACEs which are designed to elevate the workday and reflect a higher standard of service for our clients. Commenting on the rebrand, Piedmont's President and Chief Executive Officer, Brent Smith, said, 'We've recently completed an extensive update of our brand identity. We understand that today's employees seek environments that support their company cultures and foster a sense of community. At our core we are dedicated to transforming traditional office buildings into Piedmont PLACEs that deliver a cohesive experience, welcoming our clients into premium workspaces that are paired with an elevated service model. Our simplified brand better reflects this strategy and aligns with the bespoke approach we deliver to our clients.' Piedmont's strategy remains dedicated to transforming the essence of the workplace, focusing on creating environments that promote collaboration, offer convenience and cultivate a sense of connection. Whether an office building is in a bustling city or a serene suburb, Piedmont PLACEs are designed to offer intentional spaces where people, collaboration and service thrive. To learn more, please visit Piedmont's website at About Piedmont Realty Trust Piedmont Realty Trust™ (NYSE: PDM), is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust™ is known for its hospitality-driven approach and commitment to transforming buildings into premier 'Piedmont PLACEs' that enhance each client's workplace experience. Contact: Sarah Heimlich Company: Piedmont Office Realty Trust Phone: 770 418 8800 Email: produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
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:
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
