Overview
Piedmont
Piedmont Office Realty Trust provides office space for life in the big city. A self-managed and self-administered real estate investment trust (REIT), the company invests in, develops, and manages primarily Class A office buildings in major US markets. One of the nation's largest office REITs, Piedmont owns or partially owns about 75 office and industrial properties, comprising some 21 million sq. ft. of leasable space. Many of its properties
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Read More are located in Chicago, the New York Metro area, and Washington, DC. Piedmont's holdings include Chicago's Aon Center and the headquarters buildings for US Bancorp and Nestlé USA.
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Read More are located in Chicago, the New York Metro area, and Washington, DC. Piedmont's holdings include Chicago's Aon Center and the headquarters buildings for US Bancorp and Nestlé USA.
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C Brent Smith
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Lessors of Real Estate
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Real Estate
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Real Estate and Rental and Leasing
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Real estate investment trusts
Activities Related to Real Estate
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Automotive Equipment Rental and Leasing
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Consumer Goods Rental
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General Rental Centers
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Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
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Offices of Real Estate Agents and Brokers
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Actual
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Actual
$570.32 million
Actual
-1.29%
$4,114
DEC
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NYSE:PDM
Contacts
Get in Touch with 7 Principals* and 100 Contacts
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C Brent SmithPresident and Chief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$570.32 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $198 | $210 | $215 |
| Net Investing Cash | -$187 | -$196 | -$1 |
| Net Financing Cash | $98 | -$30 | -$203 |
| Net Change in Cash | $110 | -$15 | $11 |
| Cash at Beginning of Period | $4 | $20 | $9 |
| Cash at End of Period | $114 | $4 | $20 |
| Capital Expenditure | -$212 | -$158 | -$121 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $110 | $1 | $17 |
| Accounts Receivable | $199 | $191 | $177 |
| Inventories | $ | $ | $ |
| Other Current Assets | $4 | $43 | $3 |
| Asset Summary | |||
| Total Current Assets | $313 | $234 | $196 |
| Tangible Fixed Assets | $ | $ | $ |
| Intangible Assets | $ | $ | $ |
| Total Assets | $4,115 | $4,057 | $4,086 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $149 | $132 | $110 |
| Short-Term Debt | $250 | $150 | $ |
| Other Current Liabilities | $122 | $105 | $85 |
| Liability Summary | |||
| Total Current Liabilities | $521 | $387 | $196 |
| Long-Term Debt | $1,972 | $1,904 | $1,984 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $2,527 | $2,334 | $2,236 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $1 |
| Retained Earnings | -$2,128 | -$1,987 | -$1,856 |
| Equity Summary | |||
| Total Equity | $1,587 | $1,721 | $1,848 |
| Shares Outstanding | 124,083,038 | 123,715,298 | 123,439,558 |