Piedmont Office Realty Trust, a leading owner of Class A office properties in the Sunbelt, reported strong leasing activity in Q3 2024, with over 461,000 square feet of new leases, 45% of which were with new tenants. The company's in-service leased percentage reached 88.8% as of September 30, 2024, and its contractual backlog stands at 1.5 million square feet of leased space yet to commence or begin paying cash rents.

Atlanta, June 13, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an offering of $400 million aggregate principal amount of 6.875% senior unsecured notes due 2029 at 98.993% of the principal amount. The offering is expected to close on June 25, 2024, subject to the satisfaction of customary closing conditions.

Brings YTD leasing to Approximately 1.1 million SF Brings YTD leasing to Approximately 1.1 million SF

Discover REITS within a range of 0.27x to 0.59x for Price-to-NAV, with potential upside of over 200% to NAV estimate. Click here for our exclusive list of REIT picks.

Piedmont's (PDM) securing of a new lease with Travel + Leisure at Downtown, Orlando highlights solid demand for its office buildings.

Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando

The headline numbers for Piedmont Office (PDM) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 0.79%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Atlanta, April 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended March 31, 2024 which included significant leasing activity, strong Same Store NOI growth, as well as previously announced refinancing and disposition activity.

Atlanta, April 24, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the second quarter of 2024. The dividend will be paid on June 14, 2024 to stockholders of record as of the close of business on May 24, 2024.

Brandywine Realty Trust (BDN) delivered FFO and revenue surprises of 0% and 0.29%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%. Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. Consequently, investors sharply revised down their expectations for Fed rate cuts, now anticipating the commencement of any easing policy no earlier than September, with less than two rate cuts expected by year-end. What’s Hot/Cold In The CPI Basket? Expenditure categories witnessing the highest month-over-month seasonally adjusted price increase in March were: Motor vehicle insurance: +2.6% Motor vehicle maintenance and repair: +1.7% Gasoline (all types): +1.7% Hospital services: +1% Meats, poultry, fish, and eggs: +0.9% Those showing the lowest monthly inflation were: Fuel oil: down 1.3% Used cars and trucks: down 1.1% Cereals and bakery ...Full story available on Benzinga.com