QUOTE AND NEWS
SeekingAlpha  Feb 7  Comment 
Piedmont Office Realty Trust (PDM) Q4 2013 Earnings Call February 07, 2014 10:00 am ET Executives Robert E. Bowers - Chief Financial Officer, Executive Vice President and Treasurer Donald A. Miller - Chief Executive Officer,...
Cloud Computing  Jan 27  Comment 
Elmo Solutions (http://www.elmosolutions.com), the leader in CAD-ERP data integration, announces the availability of its Agni Link CAD-ERP data integration solution for all editions of Autodesk Vault (Basic,...
StreetInsider.com  Nov 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Wells+Fargo+Upgrades+Piedmont+Office+Realty+Trust+%28PDM%29+to+Underperform/8840043.html for the full story.
Benzinga  Apr 16  Comment 
In a report published Tuesday, Morgan Stanley analyst Vance H. Edelson downgraded the rating on Piedmont Office Realty Trust (NYSE: PDM) from Equal-Weight to Underweight, but reiterated the $18.00 price target. In the report, Edelson noted,...
Benzinga  Apr 16  Comment 
Analysts at JP Morgan downgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from “neutral” to “underweight.” The target price for C.H. Robinson has been lowered from $62 to $50. C.H. Robinson's shares closed at $57.51 yesterday. Analysts...
StreetInsider.com  Jan 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Piedmont+Office+Realty+Trust+%28PDM%29+to+Overweight/8012025.html for the full story.
StreetInsider.com  Nov 2  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Stifel+Nicolaus+Upgrades+Piedmont+Office+Realty+Trust+%28PDM%29+to+Hold/7838521.html for the full story.
Benzinga  Oct 22  Comment 
Piedmont Office Realty Trust (NYSE: PDM) today announced that it has reached agreements in principle to settle the two securities class action suits filed against the company and others in 2007 regarding disclosures in certain SEC filings.  The...
Benzinga  Aug 23  Comment 
Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it replaced an expiring credit facility with a $500 million unsecured line of credit.  J.P. Morgan Securities LLC and RBC Capital Markets LLC served together as joint lead...




 
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Piedmont Office Realty Trust (PDM)) (NYSE:PDM) is a real estate investment trust with ownership over commercial real estate properties that are under construction, newly constructed, or have operating histories. [1]

With the markets recovering, job growth is one of the last economic indicators to recover. The demand for office space, value of rental leases, and property values are dependent on this indicator. Furthermore, institutions and banks are reluctant to lend to borrowers, or they require higher rates of borrowing. Therefore, these market conditions affect Piedmont negatively, and it's revenues fell slightly in 2009. [1]

The company's initial public offering of stock traded on the NASDAQ exchange on 10 February 2010. The proposed offer price range was $16-$18 and traded below the low end at $14.50. The company offered 12 million shares and raised $174 million. [1]

At the year end 31 December 2009, the company had $604.88 million in total revenue, down 2.7% from $621.97 million in total revenue in 2008. The company reported a net income of $74.7 million, down 43% from a net income of $131.31 million. [1]

References

  1. 1.0 1.1 1.2 1.3 Piedmont Office Realty Trust 10-K
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