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PDM-News
PDM-Events
Piedmont Realty Trust Appoints Alex Valente as Co-COO
Piedmont Realty Trust announced that it has promoted Alex Valente to co-COO, working alongside George Wells, to oversee all property management and asset management areas of the company. Mr. Valente, who has most recently served as executive VP of Piedmont's Southeast Region, has been with the company for almost 20 years. In his new role, Valente will lead new operational initiatives across the firm as well as oversee substantially all of the company's Eastern portfolio comprised of approximately nine million square feet located in Atlanta, Orlando, Northern Virginia/DC, and Boston.
Piedmont Realty Trust Launches Offer to Acquire Senior Notes
Piedmont Realty Trust announced that its operating partnership, Piedmont Operating Partnership, has commenced a cash tender offer to purchase any and all of its outstanding 9.250% senior notes due 2028
Piedmont Office Realty reports Q2 core FFO 36c, consensus 35c
Reports Q2 revenue $140.29M, consensus $141.84M.
Piedmont Office Realty rebrands to Piedmont Realty Trust
Piedmont Office Realty Trust announced the launch of its new brand identity including a name change to Piedmont Realty Trust. The rebrand was undertaken to better reflect the company's focus on Piedmont PLACEs which are designed to elevate the workday and reflect a higher standard of service for our clients. Commenting on the rebrand, Piedmont's CEO, Brent Smith, said, "We've recently completed an extensive update of our brand identity. We understand that today's employees seek environments that support their company cultures and foster a sense of community. At our core we are dedicated to transforming traditional office buildings into Piedmont PLACEs that deliver a cohesive experience, welcoming our clients into premium workspaces that are paired with an elevated service model. Our simplified brand better reflects this strategy and aligns with the bespoke approach we deliver to our clients."
Piedmont Office Realty falls -16.5%
Piedmont Office Realty is down -16.5%, or -$1.12 to $5.68.
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