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Piedmont Office Realty Trust, Inc.: Overview

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Piedmont Office Realty Trust, Inc. (Piedmont) is a self-managed real estate investment trust (REIT). The company is specialized in the acquisition, ownership, management, development, and disposition of office buildings. Its property portfolio includes office and industrial buildings, and other commercial facilities. Piedmont manages 54 in-service office properties in the US. The company offers its services in Orlando, Florida; Atlanta, Georgia; Minneapolis, Minnesota; Boston, Massachusetts; Dallas, Texas; and Washington D.C, Virginia. The company’s key tenants include the State of New York, US Bancorp, Independence Blue Cross, City of New York, and Transocean. Piedmont is headquartered in Atlanta, Georgia, the US.

Headquarters United States of America

Address 5565 Glenridge Connector Ste 450, Atlanta, Georgia, 30342-4788


No of Employees 137

Industry Construction

Ticker Symbol & Exchange PDM (NYSE)
Revenue (2020) $535.0M 0.4% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX 1.5% (2020 vs 2019)

Market Cap* $2.3B

Net Profit Margin (2020) XXX 1.1% (2020 vs 2019)

* As of and is in US$

Products and Services

Services
Acquisition
Ownership
Management
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XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2020 Divestiture In June, the company sold 1901 Market Street for US$360 million in Philadelphia, the US.
2020 Acquisitions/Mergers/Takeovers In February, the company acquires Galleria Office Towers in Dallas.
2019 Acquisitions/Mergers/Takeovers In August, the company acquired Galleria 400 and Galleria 600, two office towers for US$231.2 million.
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Competitor Comparison

Key Parameters Piedmont Office Realty Trust, Inc. Boston Properties Inc Kilroy Realty Corp Brandywine Realty Trust Columbia Property Trust
Headquarters United States of America United States of America United States of America United States of America United States of America
City Atlanta Boston Los Angeles Philadelphia New York
State/Province Georgia Massachusetts California Pennsylvania New York
No. of Employees 137 750 252 341 160
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Frank C McDowell Chairman Executive Board - 72
Dale H Taysom Vice Chairman Executive Board - 72
C Brent Smith Director; President; Chief Executive Officer Executive Board 2019 45
Robert E Bowers Executive Vice President; Chief Administrative Officer; Chief Financial Officer Senior Management 2007 56
Laura P Moon Senior Vice President; Chief Accounting Officer Senior Management 2007 50
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
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