Piedmont Office Realty Trust, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2023
May 01, 2023 at 04:15 pm EDT
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Piedmont Office Realty Trust, Inc. provided earnings guidance for the full year ending December 31, 2023. For the year, the company expects net income of negative $1 million to positive $1 million.
Piedmont Office Realty Trust, Inc. is a fully integrated, self-managed real estate investment trust (REIT). The Company is an owner, manager, developer, redeveloper, and operator of Class A office properties located primarily in major United States Sunbelt markets. The Company conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). It owns and operates about 51 in-service office properties comprised of approximately 17 million square feet of primarily Class A office space which are 87.1% leased. It has one redevelopment asset comprising about 127,000 square feet in Orlando, Florida. The Companyâs portfolio of properties is primarily located in various metropolitan areas, including Atlanta, Dallas, Northern Virginia/Washington, D.C., Boston, Orlando, Minneapolis, and New York, and others.
PIEDMONT OFFICE REALTY TRUST, INC. 
