Piedmont Realty Trust, Inc.
NNYSE:PDMCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- C. Brent Smith
- Full Time Employees
- 140
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 5565 Glenridge Connector Atlanta GA United States 30342-4788
- IPO Date
- Feb 10, 2010
- CIK
- 0001042776
- Website
- piedmontreit.com
- Similar Companies
- Business
- Piedmont Realty Trust, Inc. (NYSE: PDM) owns, manages, develops, redevelops, and operates high-quality Class A office properties located primarily in major U.S. Sunbelt markets including Atlanta, Dallas/Fort Worth, and Orlando; its approximately $5 billion portfolio comprises around 16 million square feet of predominantly unencumbered space concentrated in these high-growth regions. The company, a fully integrated, self-managed real estate investment trust with local management offices in each market and investment-grade ratings from Moody's (Baa3) and Fitch (BBB-), targets corporate tenants seeking premium workplace environments enhanced by its hospitality-driven PLACEmaking approach that emphasizes collaboration, convenience, and curated amenities. Founded in 1998 and headquartered in Atlanta, Georgia, Piedmont Realty Trust focuses on delivering exceptional office experiences through properties such as Galleria on the Park in Atlanta, The Exchange on Orange in Orlando, and Galleria Towers in Dallas. In June 2025, the company rebranded from Piedmont Office Realty Trust to Piedmont Realty Trust, launching a new brand identity to better reflect its transformative workplace strategy. Recent operational highlights include completing approximately 2.4 million square feet of leasing in 2024, the most since 2015, with continued momentum such as over 500,000 square feet signed in early second-quarter 2025 and raised full-year leasing guidance to 1.8-2.0 million square feet; in November 2025, its operating partnership completed a cash tender offer for its 9.250% senior notes due 2028 and entered an underwriting agreement for new senior unsecured notes rated 'BBB-' by Fitch, alongside board expansions in February 2025 with appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly.
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