Company
Piedmont Office Realty Trust, Inc.
Headquarters: Atlanta, GA, United States
Employees: 134
CEO: Mr. Christopher Brent Smith
Market Cap
$1.08 Billion
USD as of Jan. 1, 2025
Piedmont Office Realty Trust, Inc. Categories
United States Real Estate REIT—OfficeUnited States Real Estate United States REIT—Office
Top Competitors by Market Capitalization
Industry: REIT—Office
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $109.79 B |
| Equinix, Inc. (REIT) | $90.79 B |
| American Tower | $87.10 B |
| Welltower Inc. | $82.34 B |
| Simon Property Group, Inc. | $65.66 B |
Detailed Description
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 select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 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 S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
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Financials
| Last Financial Reports Date | Dec. 31, 2023 |
| Revenue TTM | $577.8 M |
| EBITDA | $317.4 M |
| Gross Profit TTM | $342.7 M |
| Profit Margin | -8.38% |
| Operating Margin | 11.56% |
| Quarterly Revenue Growth | -1.30% |
Stocks & Indices
Piedmont Office Realty Trust, Inc. has the following listings and related stock indices.
Stock: NYSE: PDM wb_incandescent