PDM Piedmont Office Realty Trust Dashboard

Piedmont Office Realty Trust, Inc. engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

Company profile

Ticker

PDM

Exchange

NYSE

Website

www.piedmontreit.com

CEO

C. Brent Smith

Incorporated

Maryland

Location

Georgia

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Lessors of Nonresidential Buildings (except Miniwarehouses)

Industry (SIC)

Operators of Nonresidential Buildings

Spirit Realty • Spirit Realty Capital • Trinity Place • J.W. Mays • Gyrodyne • SB Partners • Ambase • Zoned Properties • Miller Industries • Irsa Propiedades Comerciales ...

Former names

WELLS REAL EASTATE INVESTMENT TRUST INC, WELLS REAL ESTATE INVESTMENT TRUST INC

SEC CIK

0001042776

Corporate docs

Articles of Incorporation & Bylaws

IRS number

582328421

PDM stock data

S&P 500

1M 1Y 2Y 5Y

News

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Stocks That Hit 52-Week Highs On Monday

14 Jun 21

During Monday's morning session, 255 companies made new 52-week highs.

5 Value Stocks In The Real Estate Sector

10 May 21

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Press releases

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Piedmont Office Realty Trust, Inc to Report Second Quarter 2021 Financial Results

7 Jul 21

Atlanta, July 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE:PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 28, 2021, after the close of

Piedmont Office Realty Trust Announces Completed Leasing Transactions through May and Real Estate Leadership Promotion

7 Jun 21

Atlanta, June 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the "Company" or "Piedmont") (NYSE:PDM) announced today in advance of the National Association of Real Estate Investment Trusts' Annual Investor

Piedmont Office Realty Trust, Inc. to Host Earnings Call

29 Apr 21

NEW YORK, NY / ACCESSWIRE / April 29, 2021 / Piedmont Office Realty Trust, Inc. (NYSE:PDM) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on April 29, 2021 at 10:00 AM

Piedmont Office Realty Trust Reports First Quarter 2021 Results

28 Apr 21

Calendar

28 Apr 21

27 Jul 21

31 Dec 21

Financial summary

Financial statements Chart PDM financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

PDM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 21	Smith Christopher Brent	Common Stock	Payment of exercise	Dispose F	No	No	18.66	5,999	111.94K	133,578
3 Jun 21	Bowers Robert E	Common Stock	Gift	Dispose G	No	No	0	4,322	0	293,215
17 May 21	Smith Christopher Brent	Common Stock	Payment of exercise	Dispose F	No	No	18.12	3,538	64.11K	139,577
17 May 21	Bowers Robert E	Common Stock	Payment of exercise	Dispose F	No	No	18.12	3,307	59.92K	297,537
17 May 21	Moon Laura P	Common Stock	Payment of exercise	Dispose F	No	No	18.12	535	9.69K	49,661.349

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

PDM institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	243	232	+4.7%
Opened positions	42	32	+31.3%
Closed positions	31	44	-29.5%
Increased positions	71	86	-17.4%
Reduced positions	92	72	+27.8%

13F shares	Current	Prev Q	Change
Total value	1.81B	1.72B	+5.1%
Total shares	101.64M	105.96M	-4.1%
Total puts	17.8K	11.8K	+50.8%
Total calls	17.3K	178.1K	-90.3%
Total put/call ratio	1.0	0.1	+1452.9%

Largest owners	Shares	Value	Change
Vanguard	18.28M	$317.5M	+2.0%
BLK Blackrock	12.78M	$221.95M	+2.7%
LSV Asset Management	5.43M	$94.24M	-12.5%
STT State Street	4.97M	$86.34M	+0.3%
FMR	4.56M	$79.13M	-20.2%
Cbre Clarion Securities	3.81M	$66.19M	+8.0%
Wellington Management	3.28M	$56.97M	-21.8%
Dimensional Fund Advisors	2.43M	$42.18M	-6.3%
NTRS Northern Trust	2.41M	$41.93M	-22.3%
Weiss Multi-Strategy Advisers	2.34M	$40.73M	-16.9%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-1.61M	EXIT
FMR	4.56M	-1.15M	-20.2%
Wellington Management	3.28M	-915.32K	-21.8%
LSV Asset Management	5.43M	-774K	-12.5%
NTRS Northern Trust	2.41M	-694.19K	-22.3%
Kempen Capital Management	111.78K	-544.82K	-83.0%
PRU Prudential Financial	1.27M	+498.19K	+64.8%
Weiss Multi-Strategy Advisers	2.34M	-477.34K	-16.9%
Arrowstreet Capital, Limited Partnership	903.38K	+464.57K	+105.9%
BMO Bank of Montreal	471.98K	-433.82K	-47.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net income applicable to common stockholders for the three months ended March 31, 2021 was $9.3 million, or $0.08 per diluted share, as compared with net income applicable to common stockholders of $8.7 million, or $0.07 per diluted share, for the three months ended March 31, 2020. The increase in net income for the three months ended March 31, 2021 as compared to the same period in the prior year was primarily a result of interest expense savings due to lower interest rates and debt outstanding, interest income earned on notes receivable associated with seller financing of our New Jersey Portfolio in October 2020, and a reduction in certain property operating costs as a result of reduced building utilization across our portfolio due to the COVID-19 pandemic. These increases in net income were largely offset by a reduction in transient parking revenue as a result of the COVID-19 pandemic and lower rental and tenant reimbursement revenue primarily as a result of capital transaction activity subsequent to January 1, 2020.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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From filing 10-Q 2021 Q1