Tranche Update on Piedmont Office Realty Trust, Inc.'s Equity Buyback Plan announced on May 3, 2017.
February 17, 2021 at 04:21 pm EST
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From October 1, 2020 to December 31, 2020, the company has repurchased 2,190,000 shares, representing 1.74% for $30.66 million. With this, the company has completed the repurchase of 22,546,375 shares, representing 16.35% for $406.38 million under the buyback announced on May 3, 2017.
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. 
