Piedmont Office Realty Trust, Inc. Updates Earnings Guidance for the Year Ending December 31, 2023
July 20, 2023 at 04:07 pm EDT
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Piedmont Office Realty Trust, Inc. updated earnings guidance for the year ending December 31, 2023. For the year, the company expected net loss of $19 million to $17 million as compared to previous guidance of net loss of $1 million to net income of $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. 
