Key Developments: Piedmont Office Realty Trust Inc (PDM.N)
17.98USD
1 Aug 2013
$-0.11 (-0.61%)
$18.09
$18.13
$18.18
$17.86
275,577
321,881
$21.09
$16.49
Latest Key Developments (Source: Significant Developments)
Piedmont Office Realty Trust Inc Declares Dividend
Piedmont Office Realty Trust Inc announced that the Board of Directors of the Company declared a dividend for the third quarter of 2013 in the amount of $0.20 per common share outstanding to stockholders of record as of the close of business on August 30, 2013. Such dividends are to be paid on September 20, 2013. Full Article
Piedmont Office Realty Trust Inc, Fidelity Southern Corp Plan To Offer Shares-DJ
Dow Jones reported that Piedmont Office Realty Trust Inc and Fidelity Southern Corp. unveiled share offerings after hours on June 06, 2013. Piedmont Office Realty Trust Inc filed plans to offer an undisclosed amount of stock, and wants to use the proceeds for general corporate purposes such as working capital, investment in real estate and repayment of debt. Fidelity Southern Corp is offering $60 million of its common stock. The financial-services company wants to use the net proceeds, together with its cash on hand, to redeem certain preferred stock originally issued under the Troubled Asset Relief Program as well as to redeem other preferred securities. Any remaining proceeds will be used for general corporate purposes. Full Article
Piedmont Office Realty Trust Inc Announces Closing Of Senior Notes Offering
Piedmont Office Realty Trust Inc announced the completion of the previously-announced offering by its operating partnership, Piedmont Operating Partnership, LP, of $350 million of 3.40% senior notes due 2023 (the Notes). The Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company. The Notes were offered in a private offering that was exempt from the registration requirements of the Securites Act of 1933 (the Securities Act). The net proceeds from the offering have been or will be used to repay short-term indebtedness recently incurred to fund two property acquisitions and for general corporate purposes. The Notes have not been registered under the Securities Act, or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable securities laws. Full Article
Piedmont Office Realty Trust Inc Reaffirms FY 2013 FFO Guidance-Conference Call
Piedmont Office Realty Trust Inc reaffirmed its previously issued fiscal 2013 guidance of core FFO in the $1.35 to $1.45 range. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report FFO of $1.41 for fiscal 2013. Full Article
Piedmont Office Realty Trust Inc Issues FY 2013 FFO Guidance-Conference Call
Piedmont Office Realty Trust Inc announced that for fiscal 2013, it expects core FFO to be between $1.35 and $1.45 per diluted share. This annual guidance includes the continued repositioning of the portfolio, with dispositions approximating $300 million, and acquisitions estimated to be about $400 million during 2013. Full Article
Piedmont Office Realty Trust Inc Raises Low End Of Prior FY 2012 FFO Guidance-Conference Call
Piedmont Office Realty Trust Inc narrowed previously issued fiscal 2012 guidance to the upper half of annual core FFO guidance. That is to the range of $1.40 to $1.45 per share. Full Article
Piedmont Office Realty Trust Inc Reaffirms FY 2012 FFO Guidance; Comments On FY 2012 Quarterly Earnings Guidance-Conference Call
Piedmont Office Realty Trust Inc reaffirmed previously issued annual guidance for fiscal 2012, noting that it expects that the variances in FFO and NOI between quarters this year will be greater than in the past. Full Article
Piedmont Office Realty Trust, Inc. Reaffirms FY 2012 FFO Guidance-Conference Call
Piedmont Office Realty Trust, Inc. announced that for fiscal 2012, it expects core funds from operations (FFO) in the range of $234-$250 million or $1.35-$1.45 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report FFO of CAD1.39 for fiscal 2012. Full Article
Piedmont Office Realty Trust, Inc. Issues FY 2012 FFO Guidance In Line With Analysts' Estimates-Conference Call
Piedmont Office Realty Trust, Inc. announced that for fiscal 2012, it expects decline in funds from operations (FFO) to a midpoint range of $1.40 per share or about $0.04 per share less than fiscal 2011 results without 35 West Wacker.This translates into a core FFO in the range of $234-$250 million or $1.35-$1.45 per diluted share. This annual guidance includes assumptions of approximately $200 million in dispositions and acquisitions totaling $300 million during fiscal 2012. Depending on what the market conditions dictate in fiscal 2012, particularly with the US government lease exposures over the next 18 months, the Company is anticipating growth in earnings over the next few years as the number of annual lease expirations decrease. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $1.42 for fiscal 2012. Full Article

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