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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Piedmont Office Realty Trust Inc | NYSE:PDM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.01 | 0.14% | 7.16 | 7.16 | 7.045 | 7.13 | 101,405 | 16:14:44 |
Commenting on the transaction, C. Brent Smith, Piedmont’s President, and Chief Executive Officer, said, “We are pleased to harvest the value in a high-quality asset through the disposition of One Lincoln Park to an all-cash buyer. Proceeds were immediately redeployed to pay off our remaining 2024 Notes on an earnings-neutral basis. Furthermore, Piedmont will be retained as property manager, resulting in a seamless transition for existing tenants and the buyer, as well as a positive outcome for stockholders.”
About Piedmont Office Realty TrustPiedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB-) and Moody’s (Baa3). Piedmont is a 2023 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.
Contact: Sarah Heimlich Company: Piedmont Office Realty TrustPhone: 770 418 8800Email: Investor.relations@Piedmontreit.com
1 Year Piedmont Office Realty Chart |
1 Month Piedmont Office Realty Chart |
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