Last $18.79 USD
Change Today +0.30 / 1.62%
Volume 655.1K
As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

piedmont office realty tru-a (PDM) Snapshot

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08/21/14 - $19.97
52 Week Low
02/7/14 - $15.83
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piedmont office realty tru-a (PDM) Details

Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily consists of office and industrial buildings, warehouses, and manufacturing facilities. As of December 31, 2007, the company owned interests in 83 properties that are wholly owned and controlled through consolidated joint ventures. It has elected to be taxed as a real estate investment trust and would not be subject to federal income tax, if it distributes approximately 90% of its taxable income to its shareholders. The company was incorporated in 1997 and is headquartered in Norcross, Georgia.

121 Employees
Last Reported Date: 02/18/14
Founded in 1997

piedmont office realty tru-a (PDM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $685.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $433.0K
Head of Development and Executive Vice Presid...
Total Annual Compensation: $300.0K
Executive Vice President of Real Estate Opera...
Total Annual Compensation: $252.5K
Executive Vice President of Capital Markets
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

piedmont office realty tru-a (PDM) Key Developments

Piedmont Office Realty Trust Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014

Piedmont Office Realty Trust Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 . Venue: Four Seasons Hotel, Chicago, Illinois, United States.

Piedmont Office Realty Trust Acquires Class-A Property and Expands its Presence in the Atlanta Market

Piedmont Office Realty Trust announced that it has completed the purchase of 1155 Perimeter Center West, a Class-A property located in Atlanta, Georgia. The 376,674 square foot property includes a 12-story office building, and an adjoining Trading Floor and Data Center, as well as an 8-level parking structure. Piedmont purchased the property for $80.75 million or $214 per square foot. It is 96% occupied by three tenants. This transaction, together with the company's existing assets, brings the Atlanta area portfolio to approximately 1.5 million square feet.

Thomas R. Prescott to Joins Piedmont Office Realty Trust Inc. as Executive Vice President for Midwest Region

Piedmont Office Realty Trust Inc. announced that Thomas R. Prescott, will be joining the company as its executive vice president for the Midwest Region. Prescott, who will report to Donald A. Miller, CFA, President & CEO for Piedmont, will be responsible for all regional leasing, asset management, acquisitions, dispositions, and development projects. Since 2009, Prescott served as President of Metropolis Investment Holdings Inc. Prior to Metropolis, Prescott was Senior Vice President for the Midwest Region for Forest City Enterprises.


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