Q1 2020 Piedmont Office Realty Trust Inc Earnings Call
Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (PDM), an owner of Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, today announced its results for the quarter ended March 31, 2020. Entered into a $300 million unsecured term loan and used the proceeds to pay down its $500 million line of credit.
It's been a good week for Piedmont Office Realty Trust, Inc. (NYSE:PDM) shareholders, because the company has just...
Atlanta, GA, Feb. 27, 2020 -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that its Board of Directors has appointed Glenn G. Cohen, as member of the Board,.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Piedmont Office (PDM) delivered FFO and revenue surprises of 0.00% and 0.17%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Atlanta, GA, April 09, 2020 -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter 2020 financial results on Wednesday,.
Atlanta, GA, April 29, 2020 -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it will hold its 2020 Annual Meeting of Stockholders.
Terreno Realty's (TRNO) lease with a leading national ground delivery company for its property in Carson reflects decent demand for the company's assets in the region.
Q4 2019 Piedmont Office Realty Trust Inc Earnings Call
One thing we could say about the analysts on Piedmont Office Realty Trust, Inc. (NYSE:PDM) - they aren't optimistic...
Piedmont Office Realty Trust has been struggling lately, but the selling pressure may be coming to an end soon.
Piedmont Office Realty Trust (the “Company” or “Piedmont”) (PDM) announced today that it has completed the purchase of the “Galleria Office Towers”, three Class-A office towers totalling approximately 1.4 million square feet with associated parking garages, and a 1.9-acre land parcel located at the intersection of the Dallas North Tollway and LBJ Freeway (I-635) in the Lower Tollway submarket of Dallas, TX. Combined with Piedmont’s existing holdings, the acquisition of Galleria Office Towers will increase the Company’s Dallas footprint to 3.6 million square feet, making it Piedmont’s second largest market and resulting in approximately 50% of its portfolio being located in the Sun Belt.
At this time, it is my pleasure to turn the floor over to your host, Robert Bowers. Robert, the floor is yours. Good morning and thank you for joining us for Piedmont's first quarter 2020 conference call.
The 45-story building could command one of the top sale prices for a Philadelphia office building on a per-square-foot basis.
Piedmont Office Realty Trust (the “Company” or “Piedmont”) (PDM) announced today that it has successfully completed the Company’s leadership transition plan and that its former Chief Executive Officer, Donald A. Miller, CFA, has now stepped down from its Board of Directors after the Company announced last week annual results for 2019. The move is the culmination of the Company’s succession planning efforts as a result of Mr. Miller’s June 2019 retirement whereby C. Brent Smith was appointed President and Chief Executive Officer and member of the Company’s Board of Directors.
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (PDM), an owner of 18 million square feet of Class A office properties located primarily in seven major Eastern U.S. office markets, today reported all proposals included in the 2020 annual proxy were approved at its May 13, 2020 annual stockholders meeting, including the re-election of eight members to the board of directors, the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm, and an advisory vote on the compensation of the Company’s named executive officers. In that endeavor, we have distributed our “Returning to the Workplace Tenant Guide” to help facilitate our customers’ return to their offices.
Atlanta-based REIT Piedmont Office Realty Trust Inc. is under contract to buy the three Galleria Office Towers in Far North Dallas for $400 million, according to a report from the Dallas Morning News. The information was sourced from multiple documents submitted to the Securities and Exchange Commission, which state that the company has entered an agreement to buy a 1.4 million-square-foot project in Dallas for $400 million. The office campus was last sold in 2015 for more than $300 million to CBRE Global Investors, which has since spent nearly $27 million on updates to the buildings.
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.