Piedmont Office Realty Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 09:14 am EDT
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Piedmont Office Realty Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 137.5 million compared to USD 132.15 million a year ago. Revenue was USD 143.07 million compared to USD 136.31 million a year ago. Net loss was USD 1.99 million compared to net income of USD 7.97 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
For the six months, sales was USD 274.33 million compared to USD 264.06 million a year ago. Revenue was USD 285.44 million compared to USD 272.46 million a year ago. Net loss was USD 3.36 million compared to net income of USD 67.93 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.55 a year ago.
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. 
