Profile: Piedmont Office Realty Trust Inc (PDM.N)

PDM.N on New York Stock Exchange

17.98USD
1 Aug 2013
Price Change (% chg)

$-0.11 (-0.61%)
Prev Close
$18.09
Open
$18.13
Day's High
$18.18
Day's Low
$17.86
Volume
275,577
Avg. Vol
321,881
52-wk High
$21.09
52-wk Low
$16.49

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Piedmont Office Realty Trust, Inc. (Piedmont), incorporated on July 03, 1997, is a real estate investment trust (REIT). Piedmont is engages in the acquisition and ownership of commercial real estate properties throughout the United States, including properties that are under construction, newly constructed, or have operating histories. Company conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP), a limited partnership, as well as performing the management of its buildings through two wholly owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of Piedmont OP. Piedmont OP owns properties directly, through wholly owned subsidiaries and through both consolidated and unconsolidated joint ventures. During the fiscal year ended December 31, 2012, the Company disposed of seven properties, which allowed the Company to exit two geographical markets as well as dispose of its last two industrial assets. As of December 31, 2012, the Company owned interests in five properties representing approximately 0.7 million rentable square feet through unconsolidated joint ventures.

the Company's portfolio consists primarily of commercial office buildings leased to credit-worthy, government and corporate tenants. As of December 31, 2012, approximately 82% of its Annualized Lease Revenue was derived from its office properties in the ten United States office markets based on rentable square footage, including office markets such as Chicago, Washington, D.C., the New York metropolitan area, Boston and greater Los Angeles. As of December 31, 2012, the Company owned and operated 74 office properties (excluding five buildings owned through unconsolidated joint ventures), which are located in 17 metropolitan areas. These 74 office properties comprise 20.5 million square feet, primarily commercial office space, and 87.5% leased.

Company Address

Piedmont Office Realty Trust Inc

Suite 350, 11695 Johns Creek Par
JOHNS CREEK   GA   30097
P: +1770.4188800

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