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Piedmont Realty Trust Inc's Business Segments
Piedmont Realty Trust Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2025
Reportable Segments
6
Largest Segment
Atlanta, GA
Total Revenue
$ 140
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2025
- Atlanta, GA31.7%
- Dallas, TX18.8%
- New York, NY10.5%
- Northern Virginia/Washington D.C.9.1%
- Boston, MA7.6%
- Corporate and Unallocated3.5%
Revenue by Reportable Segment - Q2 FY2025
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Atlanta, GA | $ 45 | 31.7% |
| Dallas, TX | $ 26 | 18.8% |
| New York, NY | $ 15 | 10.5% |
3 more segments available
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Revenue by Product & Service Category - Q2 FY2025
- Real Estate, Other4.5%
- Management Service0.1%
Revenue by Product & Service Category - Q2 FY2025
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Real Estate, Other | $ 6 | 4.5% |
| Management Service | $ 0 | 0.1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Piedmont Realty Trust Inc
Piedmont Office Realty Trust Inc (NYSE: PDM), is a real estate investment trust (REIT) specialized in owning and managing Class A office properties throughout the United States. The company's portfolio consists of 80 office properties with over 21 million square feet of leasable space, primarily located in key markets such as Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York, and Washington D.C.
Founded in 1998, Piedmont Office Realty Trust has established itself as a leading player in the commercial real estate industry. The company's mission is to create value for shareholders, tenants, and employees by providing top-tier office assets, exceptional customer service, and a commitment to sustainability.
Piedmont Office Realty Trust's portfolio includes top-quality buildings that are leased to large corporate tenants such as Coca-Cola, Google, Microsoft, and Wells Fargo, among others. The company owns iconic properties such as 1200 New Hampshire Avenue in Washington, D.C., 1111 Brickell Avenue in Miami, and Bank of America Plaza in Charlotte, North Carolina.
One of Piedmont Office Realty Trust's core beliefs is sustainability. The company has implemented several green initiatives, such as LEED certification for many of its properties, energy-saving technologies, and a commitment to reducing its carbon footprint. Piedmont Office Realty Trust has been recognized for its commitment to sustainability by several independent organizations, including the Global Real Estate Sustainability Benchmark (GRESB) and the Carbon Disclosure Project (CDP).
Piedmont Office Realty Trust is led by an experienced executive team, including CEO C. Brent Smith, who has been with the company since its inception, and CFO Robert Bowers, who joined in 2006. The company has a strong corporate governance framework and operates under a Code of Ethics and Business Conduct that emphasizes transparency, accountability, and integrity.
In conclusion, Piedmont Office Realty Trust Inc is a reliable REIT that provides high-quality office assets, exceptional customer service, and a commitment to sustainability. The company's strong financial position, experienced management team, and well-diversified portfolio make it an attractive investment opportunity for investors seeking exposure to the commercial real estate industry.
Founded in 1998, Piedmont Office Realty Trust has established itself as a leading player in the commercial real estate industry. The company's mission is to create value for shareholders, tenants, and employees by providing top-tier office assets, exceptional customer service, and a commitment to sustainability.
Piedmont Office Realty Trust's portfolio includes top-quality buildings that are leased to large corporate tenants such as Coca-Cola, Google, Microsoft, and Wells Fargo, among others. The company owns iconic properties such as 1200 New Hampshire Avenue in Washington, D.C., 1111 Brickell Avenue in Miami, and Bank of America Plaza in Charlotte, North Carolina.
One of Piedmont Office Realty Trust's core beliefs is sustainability. The company has implemented several green initiatives, such as LEED certification for many of its properties, energy-saving technologies, and a commitment to reducing its carbon footprint. Piedmont Office Realty Trust has been recognized for its commitment to sustainability by several independent organizations, including the Global Real Estate Sustainability Benchmark (GRESB) and the Carbon Disclosure Project (CDP).
Piedmont Office Realty Trust is led by an experienced executive team, including CEO C. Brent Smith, who has been with the company since its inception, and CFO Robert Bowers, who joined in 2006. The company has a strong corporate governance framework and operates under a Code of Ethics and Business Conduct that emphasizes transparency, accountability, and integrity.
In conclusion, Piedmont Office Realty Trust Inc is a reliable REIT that provides high-quality office assets, exceptional customer service, and a commitment to sustainability. The company's strong financial position, experienced management team, and well-diversified portfolio make it an attractive investment opportunity for investors seeking exposure to the commercial real estate industry.
Piedmont Office Realty Trust Inc. is a publicly traded real estate investment trust (REIT) that specializes in the ownership, management, and development of high-quality office properties across the United States. The company has cultivated a diverse portfolio characterized by a strong focus on Class-A office buildings, which are located in prime urban centers and key suburban business districts.
Segments
Piedmont Office Realty Trust Inc. operates primarily through two segments:
1. Property Ownership:
This segment is centered on owning and managing a well-rounded portfolio of office properties. The core efforts within this segment include:
- Acquisition: Strategically acquiring office buildings that align with the companys investment criteria, focusing on properties that show potential for long-term appreciation.
- Development: Engaging in the development of new office properties, which involves identifying suitable land, assessing market needs, and overseeing the construction process to deliver modern and functional office spaces.
- Redevelopment: Modernizing existing properties to improve their market competitiveness, which may include extensive renovations, energy efficiency upgrades, and enhancements to building aesthetics and functionality.
- Management: Efficiently operating these properties with the goal of maximizing rental income and enhancing long-term value through effective leasing strategies and tenant relations.
2. Management Services:
This segment focuses on providing third-party management services for office properties that are not part of Piedmonts owned portfolio. Key aspects include:
- Leasing Services: Offering leasing solutions tailored to clients needs, including marketing vacant spaces, negotiating lease terms, and facilitating tenant acquisition.
- Property Management: Delivering comprehensive management services which encompass daily operations, maintenance, and tenant engagement. This includes:
- Building Maintenance: Ensuring that properties are well-maintained through routine inspections and repairs.
- Tenant Relations: Fostering positive relationships with tenants to encourage lease renewals and tenant satisfaction.
- Security: Implementing security measures to safeguard the properties and ensure a safe environment for tenants and visitors.
- Cleaning and Landscaping: Maintaining high standards of cleanliness and aesthetic appeal for all properties.
Products and Services
Piedmont Office Realty Trust Inc. offers a wide array of products and services that cater to various aspects of its operations:
1. Leasing:
The company provides leasing solutions for potential tenants looking for high-quality office space. It emphasizes flexibility and responsiveness to meet the diverse needs of different businesses.
2. Property Management:
Offering a full suite of property management services, Piedmont ensures that buildings are operated efficiently and meet tenant demands. This includes routine maintenance, tenant communication, and operational oversight.
3. Development:
The development team is responsible for creating new office spaces, from initial site selection and feasibility studies through to the construction and eventual leasing of the property.
4. Redevelopment:
In efforts to revitalize older office buildings, Piedmont engages in redevelopment projects to attract modern tenants and remain competitive in the market.
5. Consulting Services:
The company provides expert consulting for other real estate owners and investors, offering guidance on acquisition strategies, property management practices, and optimal leasing strategies to enhance investment performance.
6. Property Disposition:
When properties no longer meet the companys investment strategy or objectives, Piedmont can dispose of these assets, effectively monetizing value for shareholders. This includes strategic sales of properties that may benefit from a change in ownership.
In conclusion, Piedmont Office Realty Trust Inc. positions itself as a robust player in the real estate sector, with substantial capabilities in property ownership and management. Its diverse array of services—ranging from leasing and property management to development and consulting—enables the company to meet the dynamic needs of the commercial real estate market while providing value to its tenants and investors.
Segments
Piedmont Office Realty Trust Inc. operates primarily through two segments:
1. Property Ownership:
This segment is centered on owning and managing a well-rounded portfolio of office properties. The core efforts within this segment include:
- Acquisition: Strategically acquiring office buildings that align with the companys investment criteria, focusing on properties that show potential for long-term appreciation.
- Development: Engaging in the development of new office properties, which involves identifying suitable land, assessing market needs, and overseeing the construction process to deliver modern and functional office spaces.
- Redevelopment: Modernizing existing properties to improve their market competitiveness, which may include extensive renovations, energy efficiency upgrades, and enhancements to building aesthetics and functionality.
- Management: Efficiently operating these properties with the goal of maximizing rental income and enhancing long-term value through effective leasing strategies and tenant relations.
2. Management Services:
This segment focuses on providing third-party management services for office properties that are not part of Piedmonts owned portfolio. Key aspects include:
- Leasing Services: Offering leasing solutions tailored to clients needs, including marketing vacant spaces, negotiating lease terms, and facilitating tenant acquisition.
- Property Management: Delivering comprehensive management services which encompass daily operations, maintenance, and tenant engagement. This includes:
- Building Maintenance: Ensuring that properties are well-maintained through routine inspections and repairs.
- Tenant Relations: Fostering positive relationships with tenants to encourage lease renewals and tenant satisfaction.
- Security: Implementing security measures to safeguard the properties and ensure a safe environment for tenants and visitors.
- Cleaning and Landscaping: Maintaining high standards of cleanliness and aesthetic appeal for all properties.
Products and Services
Piedmont Office Realty Trust Inc. offers a wide array of products and services that cater to various aspects of its operations:
1. Leasing:
The company provides leasing solutions for potential tenants looking for high-quality office space. It emphasizes flexibility and responsiveness to meet the diverse needs of different businesses.
2. Property Management:
Offering a full suite of property management services, Piedmont ensures that buildings are operated efficiently and meet tenant demands. This includes routine maintenance, tenant communication, and operational oversight.
3. Development:
The development team is responsible for creating new office spaces, from initial site selection and feasibility studies through to the construction and eventual leasing of the property.
4. Redevelopment:
In efforts to revitalize older office buildings, Piedmont engages in redevelopment projects to attract modern tenants and remain competitive in the market.
5. Consulting Services:
The company provides expert consulting for other real estate owners and investors, offering guidance on acquisition strategies, property management practices, and optimal leasing strategies to enhance investment performance.
6. Property Disposition:
When properties no longer meet the companys investment strategy or objectives, Piedmont can dispose of these assets, effectively monetizing value for shareholders. This includes strategic sales of properties that may benefit from a change in ownership.
In conclusion, Piedmont Office Realty Trust Inc. positions itself as a robust player in the real estate sector, with substantial capabilities in property ownership and management. Its diverse array of services—ranging from leasing and property management to development and consulting—enables the company to meet the dynamic needs of the commercial real estate market while providing value to its tenants and investors.