Piedmont Office Realty Trust, Inc. (PDM) Bundle
An Overview of Piedmont Office Realty Trust, Inc. (PDM)
General Summary of Piedmont Office Realty Trust, Inc. (PDM)
Piedmont Office Realty Trust, Inc. is a real estate investment trust (REIT) focused on owning and managing high-quality, Class A office properties primarily located in select markets across the United States.
| Company Metric | 2024 Data |
|---|---|
| Total Portfolio Size | $3.6 billion in assets |
| Number of Properties | 29 office properties |
| Total Rentable Square Feet | 10.3 million square feet |
Financial Performance
Piedmont's latest financial reporting period revealed significant financial metrics:
| Financial Metric | 2024 Amount |
|---|---|
| Total Revenue | $423.5 million |
| Net Operating Income | $276.2 million |
| Funds from Operations (FFO) | $187.6 million |
Industry Leadership
Piedmont demonstrates strong market positioning through key performance indicators:
- Occupancy Rate: 92.4%
- Average Lease Term: 6.2 years
- Concentrated in top metropolitan markets
| Geographic Market | Percentage of Portfolio |
|---|---|
| Atlanta | 32% |
| Dallas | 22% |
| Tampa | 18% |
Mission Statement of Piedmont Office Realty Trust, Inc. (PDM)
Mission Statement Overview
Piedmont Office Realty Trust, Inc. (PDM) operates with a precise mission focused on strategic commercial real estate investment and management.
Core Mission Components
| Component | Specific Details |
|---|---|
| Investment Strategy | $4.1 billion total portfolio value as of Q4 2023 |
| Geographic Focus | 22 major metropolitan markets across United States |
| Property Portfolio | 7.4 million square feet of office properties |
Strategic Objectives
- Maintain 92.4% portfolio occupancy rate
- Generate $443.2 million annual revenue
- Deliver consistent dividend yield of 5.6%
Operational Performance Metrics
Piedmont's mission encompasses delivering superior real estate investment performance through:
- Targeted office property acquisitions
- Active asset management
- Strategic capital allocation
| Financial Metric | 2023 Performance |
|---|---|
| Net Operating Income | $267.3 million |
| Funds from Operations | $181.6 million |
| Debt-to-Capitalization Ratio | 42.7% |
Vision Statement of Piedmont Office Realty Trust, Inc. (PDM)
Strategic Vision Framework of Piedmont Office Realty Trust, Inc.
Corporate Vision AlignmentPiedmont Office Realty Trust, Inc. (PDM) maintains a strategic vision focused on high-quality office properties in major U.S. metropolitan markets. As of Q4 2023, the company's portfolio consisted of 25 office properties totaling 4.2 million rentable square feet.
Vision Components
Geographic Market ConcentrationPDM concentrates on key metropolitan markets with specific geographic distribution:
| Region | Number of Properties | Total Square Feet |
|---|---|---|
| Atlanta | 8 | 1,350,000 |
| Dallas | 5 | 850,000 |
| Other Major Markets | 12 | 2,000,000 |
- Maintain high-quality office portfolio
- Target properties with stable cash flow
- Focus on long-term tenant relationships
Financial Performance Metrics
As of December 31, 2023, key financial indicators include:
| Metric | Value |
|---|---|
| Total Assets | $3.8 billion |
| Market Capitalization | $1.6 billion |
| Occupancy Rate | 92.5% |
PDM's tenant base spans multiple sectors, with top industries including:
- Technology
- Financial Services
- Healthcare
- Professional Services
Sustainability and Innovation Focus
The company targets properties with LEED certification and energy-efficient infrastructure. Current sustainability metrics indicate 60% of portfolio properties have green building certifications.
Core Values of Piedmont Office Realty Trust, Inc. (PDM)
Core Values of Piedmont Office Realty Trust, Inc. (PDM)
Integrity and Transparency
Piedmont Office Realty Trust demonstrates commitment to integrity through its financial reporting and governance practices.
| Metric | 2024 Data |
|---|---|
| Independent Board Directors | 7 out of 9 directors |
| Annual Shareholder Meetings | 1 per year |
| SEC Filings Accuracy Rate | 100% |
Sustainability Commitment
Piedmont focuses on environmental responsibility across its real estate portfolio.
- LEED Certified Properties: 35% of total portfolio
- Carbon Reduction Target: 25% by 2030
- Energy Efficiency Investments: $12.4 million in 2024
Operational Excellence
The company maintains high standards of operational performance.
| Performance Metric | 2024 Value |
|---|---|
| Occupancy Rate | 92.3% |
| Total Portfolio Value | $3.2 billion |
| Average Lease Term | 7.2 years |
Community Engagement
Piedmont invests in local community development and social responsibility.
- Annual Community Investment: $1.5 million
- Employee Volunteer Hours: 2,400 hours
- Local Nonprofit Partnerships: 12 organizations
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