| Market Capitalization (Millions $) |
1,194 |
| Shares
Outstanding (Millions) |
125 |
| Employees |
140 |
| Revenues (TTM) (Millions $) |
566 |
| Net Income (TTM) (Millions $) |
-86 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
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.
Company Address: 5565 Glenridge Connector Ste. 450 Atlanta 30342 GA
Company Phone Number: 418-8800 Stock Exchange / Ticker: NYSE PDM
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3.54 %