Articles from Piedmont Office Realty Trust, Inc.

PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · February 3, 2025

Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, February 14, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · January 13, 2025

YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 24, 2024

YTD Leasing of approximately Two Million SF lifts Portfolio to 88.8% Leased
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 14, 2024

Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, announced today that its property management team, after reviewing detailed property reports for all of the Company’s Orlando assets, has reported virtually no damage to any of Piedmont’s properties from Hurricane Milton and that all personnel in the affected areas are reported safe.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 10, 2024

Atlanta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Atlanta, GA – October 8, 2024 – Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its third quarter financial results on Thursday, October 24, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, October 25, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review third quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 8, 2024

Sherry L. Rexroad Named Successor
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · September 30, 2024

- Completes over one million square feet of leasing during the quarter -
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 31, 2024

Atlanta, July 25, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“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 third quarter of 2024. The dividend will be paid on September 20, 2024 to stockholders of record as of the close of business on August 23, 2024.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 25, 2024

Atlanta, July 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its second quarter financial results on Wednesday, July 31, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, August 1, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review second quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 9, 2024

Atlanta, June 13, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSEPDM) 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.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · June 13, 2024

Brings YTD leasing to Approximately 1.1 million SF
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · June 3, 2024

Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · May 14, 2024

Atlanta, April 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSEPDM), 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.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · April 30, 2024

Atlanta, April 24, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“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.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · April 24, 2024

Atlanta, April 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its first quarter financial results on Tuesday, April 30, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Wednesday, May 1, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · April 9, 2024

Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSEPDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that the U.S. Environmental Protection Agency and the U.S. Department of Energy has recognized the company with its highest level of recognition - 2024 ENERGY STAR Partner of the Year – Sustained Excellence. The sustained excellence distinction is awarded to organizations who have earned Partner of the Year for several consecutive years and have gone beyond the criteria needed to qualify for recognition.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · March 28, 2024

Uses Sale Proceeds to Pay off Maturing Debt
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · March 20, 2024

Atlanta, Feb. 07, 2024 (GLOBE NEWSWIRE) --
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · February 7, 2024

Atlanta, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“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 first quarter of 2024. The dividend will be paid on March 15, 2024 to stockholders of record as of the close of business on February 23, 2024.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · February 1, 2024

Atlanta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2023 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · January 16, 2024

Atlanta, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 7, 2024, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, February 8, 2024 at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · January 11, 2024

Atlanta, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSEPDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an add-on offering of $200 million aggregate principal amount of its 9.250% senior notes due 2028 (the “additional 2028 notes”) at 101.828% of the principal amount. The offering is expected to close on December 11, 2023, subject to the satisfaction of customary closing conditions.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · December 5, 2023

Atlanta, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSEPDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended September 30, 2023.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 30, 2023

Atlanta, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSEPDM) announced today that it has renewed all of U.S. Bancorp NYSE: USBNYSEUSB)
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 30, 2023

Atlanta, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSEPDM), an owner of Class A office properties located primarily in the Sunbelt, today announced that it has signed a new 77,000 square-foot lease through 2036 with GE Vernova, a planned 2024 spinoff of General Electric Company that will focus on electrifying the world while simultaneously working to decarbonize it. The company has selected 600 Galleria Parkway, a LEED-Gold designated property and one of five buildings owned by Piedmont in Atlanta’s Galleria on the Park, as one of its strategic U.S. locations.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 30, 2023

Atlanta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“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 fourth quarter of 2023. The dividend will be paid on January 2, 2024 to stockholders of record as of the close of business on November 24, 2023.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 25, 2023

Atlanta, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its third quarter financial results on Monday, October 30, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, October 31, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review third quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 5, 2023

Atlanta, July 26, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“Piedmont”), a real estate investment trust (REIT), announced today that due to increased interest expense 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 third quarter of 2023. The dividend will be paid on September 15, 2023 to stockholders of record as of the close of business on August 25, 2023.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 26, 2023

Atlanta, July 25, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSEPDM), today announced the results, as of 5:00 p.m., New York City time, on July 24, 2023 (the “Expiration Time”), of the previously announced cash tender offer of its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), to purchase any and all of its outstanding 4.450% senior notes due 2024 (the “notes”). The cash tender offer was announced on July 18, 2023 and was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery, each dated July 18, 2023 (the “Tender Offer Documents”). The following table presents the aggregate principal amount of the notes tendered and not validly withdrawn and the aggregate principal amount of the notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents, in each case, as of the Expiration Time. Capitalized terms used but not defined herein shall have the meaning given to them in the Offer to Purchase.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 25, 2023

—Moves Up Earnings Call to Provide Update—
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 20, 2023

Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSEPDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an offering of $400 million aggregate principal amount of 9.250% senior unsecured notes due 2028 at 99.000% of the principal amount. The offering is expected to close on July 20, 2023, subject to the satisfaction of customary closing conditions.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 18, 2023

Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSEPDM) today announced that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has commenced a cash tender offer to purchase any and all of its outstanding 4.450% senior notes due 2024 (the “notes”) for the consideration described below.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 18, 2023

Atlanta, July 10, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its second quarter financial results on Wednesday, July 26, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, July 27, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review second quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 10, 2023

Atlanta, May 01, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSEPDM), 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, 2023.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · May 1, 2023

Atlanta, April 14, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its first quarter financial results on Monday, May 1, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, May 2, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · April 14, 2023

Atlanta, March 29, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSEPDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced that the U.S. Environmental Protection Agency and the U.S. Department of Energy have recognized the company as a 2023 ENERGY STAR Partner of the Year, marking the third year in a row that Piedmont has achieved the designation.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · March 29, 2023

Atlanta, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSEPDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter and year ended December 31, 2022.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · February 8, 2023

Atlanta, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.21 per share, or $0.84 per share on an annualized basis, for the first quarter of 2023. The dividend will be paid on March 17, 2023 to stockholders of record as of the close of business on February 24, 2023.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · February 1, 2023

Atlanta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2022 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · January 18, 2023

Atlanta, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 8, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, February 9, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · January 13, 2023

Atlanta, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSEPDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that it has completed the sales of its two Cambridge, MA assets, One Brattle Square and 1414 Massachusetts Avenue. The combined proceeds of approximately $160 million from the two sales were used to pay off the outstanding balance on the Company’s $600 million line of credit, leaving the full capacity of the line currently available. Additionally, during December, the Company addressed its largest near-term debt maturity by amending its $200 million unsecured term loan facility to extend the final maturity date to June 2025. All other terms of the facility remain unchanged.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · December 20, 2022

Atlanta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSEPDM) announced today the appointment of Mary Hager, Executive Director at global real estate investment management firm, Greystar, to its Board of Directors. With Hager’s appointment, Piedmont’s board of directors now consists of nine total members.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · December 14, 2022

Atlanta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSEPDM), an owner of Class A office properties located primarily in the Sunbelt, today announced its results for the quarter ended September 30, 2022.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · November 2, 2022

Atlanta, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.21 per share, or $0.84 per share on an annualized basis, for the fourth quarter of 2022. The dividend will be paid on January 3, 2023 to stockholders of record as of the close of business on November 25, 2022.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 25, 2022

Atlanta, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSEPDM) announced today that the Company will release its third quarter financial results on Wednesday, November 2, 2022, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, November 3, 2022, at 9:00 a.m. Eastern daylight time and will be broadcast live in listen-only mode on the company’s investor relations website at investor.piedmontreit.com. During the conference call, the Company’s management team will review third quarter performance, discuss recent events, and conduct a question-and-answer period.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · October 17, 2022

Atlanta, July 27, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSEPDM), an owner of Class A office properties located primarily in the Sunbelt, today announced its results for the quarter ended June 30, 2022.
By Piedmont Office Realty Trust, Inc. · Via GlobeNewswire · July 27, 2022