Piedmont Office Realty Trust, Inc. (NYSE: PDM), a self-administered and self-managed real estate investment trust (REIT), is one of the nation’s largest publicly-traded owners of Class A office properties. Piedmont is focused on creating value for its shareholders through the acquisition, development, ownership and progressive management of premier properties in each of its eight target markets: Atlanta, Boston, Chicago, Dallas, Minneapolis, New York Metro, Orlando, and Washington D.C.
We look to invest in markets which offer a diverse industry base and a favorable business environment as well as exhibit attractive long-term fundamentals.
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We are concentrated in distinct submarkets which deliver a strong amenity base, convenient access to transportation infrastructure, appeal to corporate tenants and proximity to executive housing.
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We develop and grow direct relationships with some of the country’s most respected and financially stable companies. Approximately one-third of our tenants have a presence in more than one Piedmont asset and approximately two-thirds of our ALR is derived from credit-worthy tenants.
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We maintain a flexible capital structure and conservative leverage metrics. We are currently rated Baa2 by Moody’s and BBB by S&P. We are committed to providing market-leading financial transparency.
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We have an experienced corporate leadership team along with highly-skilled professionals in each of our core markets. Our market leaders are engrained within their respective communities and foster local relationships with tenants, brokers, and other stakeholders.
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We are a basis-conscious investor focused exclusively on our core markets. Since 2014, we have recycled approximately $2 billion of assets, significantly enhancing our portfolio and further strengthening our market positions.
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