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 target markets: Atlanta, Boston, Dallas, Minneapolis, New York , Orlando, and Washington D.C.
We operate in select markets which offer a diverse industry base, high population/job growth, a favorable business environment and attractive long-term fundamentals. We are concentrated in distinct submarkets which allow Piedmont to accumulate scale and leverage our leading positions to drive growth.
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Our assets are well-positioned to meet the evolving needs of today's office users and offer a strong amenity base, high walkability, convenient access to major highways, proximity to executive housing.
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Piedmont is dedicated to enhancing the communities in which we operate. We believe we can have a positive impact and effect change through charitable contributions, time and an unwavering commitment to conserving the environment.
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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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Since 2018, Piedmont has significantly repositioned its portfolio, disposing of almost $2 billion of fully-stabilized or slow growth assets and reinvesting in dynamic growth markets. Over 50% of our Annualized Lease Revenue is generated from the Sunbelt region. Piedmont creates significant value through its redevelopment initiatives, reinvesting and reinventing assets to deliver unique and vibrant environments.