Piedmont Realty Trust Launches Offer to Acquire Senior Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy PDM?
- Tender Offer Announcement: Piedmont Realty Trust has initiated a cash tender offer for its outstanding 9.250% senior notes due in 2028.
- Partnership Involvement: The offer is being conducted through its operating partnership, Piedmont Operating Partnership.
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Analyst Views on PDM
Wall Street analysts forecast PDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PDM is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.720
Low
9.00
Averages
9.00
High
9.00
Current: 8.720
Low
9.00
Averages
9.00
High
9.00
About PDM
Piedmont Realty Trust, Inc., formerly Piedmont Office Realty Trust, Inc., is a fully integrated, self-managed real estate investment company. As an owner, manager, developer and operator of 16 MM SF of Class A properties across major United States Sunbelt markets, the Company is transforming buildings into premier Piedmont PLACEs that enhance each client’s workplace experience. It conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). Piedmont OP owns properties directly, through wholly owned subsidiaries, and through various joint ventures which it controls. Its portfolio includes 999 Peachtree, 1155 Perimeter Center West, Las Colinas Connection, Park Place on Turtle Creek, Norman Pointe I, US Bancorp Center, The Exchange on Orange, 4250 North Fairfax, Arlington Gateway, Crescent Ridge II, and Wayside Office Park, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Piedmont Realty Trust (PDM) Announces 2025 Dividend Tax Treatment
- Dividend Payment Details: Piedmont Realty Trust has set its 2025 dividend at $0.125 per share, with a record date of November 22, 2024, and a payment date of January 2, 2025, indicating the company's ongoing cash flow and commitment to shareholder returns.
- Tax Treatment Clarification: The company has outlined the tax treatment for its 2025 dividends, including ordinary dividends, qualified dividends, and capital gains, urging shareholders to consult their tax advisors, which reflects the company's focus on shareholder interests.
- Market Positioning: Piedmont focuses on the U.S. Sunbelt markets, managing approximately 16 million square feet of Class A properties, committed to providing exceptional office environments that enhance client workplace experiences, showcasing its competitive advantage in the real estate sector.
- Self-Managed Model: As a fully self-managed real estate investment trust, Piedmont demonstrates its integration capabilities and market adaptability through owning, managing, developing, and operating properties, further solidifying its market position.
See More
Piedmont Realty Trust (PDM) Schedules Q4 and Annual Earnings Release for February 11, 2026
- Earnings Release Schedule: Piedmont Realty Trust will release its fourth quarter and annual financial results on February 11, 2026, after market close, highlighting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for February 12, 2026, at 9:00 a.m. ET, where management will review financial performance and engage in a Q&A session, enhancing interaction with analysts and investors.
- Investor Relations Link: Investors can listen to the live or replay of the conference call via the investor relations section of the company’s website, demonstrating the company's focus on diverse and accessible information dissemination channels.
- Company Background: Piedmont Realty Trust is a fully integrated, self-managed real estate investment company operating approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets, showcasing its leadership in the industry and commitment to enhancing client workplace experiences.
See More
Piedmont Realty Trust Leases 2.5 Million Square Feet in 2025, Achieving 89.6% Occupancy
- Leasing Performance: Piedmont Realty Trust signed leases for 2.5 million square feet in 2025, representing approximately 16% of its portfolio, with 679,000 square feet leased in Q4, showcasing strong market performance.
- New Client Growth: Two-thirds of the leasing in 2025 came from new tenants, indicating successful attraction of new clients, with 1.5 million square feet of new tenancy expected to occupy by the end of 2026, enhancing market competitiveness.
- Occupancy Rate Increase: As of December 31, 2025, the leased percentage of the in-service portfolio reached 89.6%, up 1.2% from the previous year, reflecting accelerated market demand and the appeal of the company's properties.
- Long-term Strategic Success: Over the past five years, Piedmont has leased approximately 75% of its portfolio, totaling 11.6 million square feet, demonstrating the effectiveness of its customer-centric “Piedmont PLACEs” strategy in enhancing workplace environments.
See More
Piedmont Realty Trust (PDM) to Release Q4 and Annual Financial Results on February 11, 2026
- Earnings Release Schedule: Piedmont Realty Trust will announce its fourth quarter and annual financial results on February 11, 2026, after market close, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for February 12, 2026, at 9:00 a.m. ET, during which management will review financial performance and engage in a Q&A session, enhancing interaction with analysts.
- Investor Relations Link: The conference call will be broadcast live on the company's investor relations website, ensuring that all investors can access the latest updates in real-time, thereby improving information accessibility.
- Company Background: Piedmont Realty Trust focuses on managing and developing approximately 16 million square feet of Class A properties, dedicated to providing exceptional office environments, showcasing its strong presence in the U.S. Sunbelt markets.
See More
Truist Securities Keeps Buy Rating on Piedmont Realty Trust and Increases Price Target to $10
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, fostering a collaborative environment for sharing market intelligence.
Market Success: Traders utilize Benzinga Pro's resources to gain a competitive edge and improve their chances of winning in the markets daily.
See More
Piedmont Realty Trust Reveals Pricing for Senior Notes Offering
Offering Announcement: Piedmont Realty Trust has priced a $400 million offering of 5.625% senior notes due 2033, expected to close on November 20, 2025, subject to customary conditions.
Use of Proceeds: The net proceeds will primarily fund the purchase of outstanding 9.250% senior notes due 2028, with any remaining funds allocated for working capital, capital expenditures, and other corporate purposes.
Joint Book-Running Managers: The offering is managed by Wells Fargo Securities, BofA Securities, J.P. Morgan, and others, with a shelf registration statement already effective with the SEC.
Forward-Looking Statements: The company includes cautionary statements regarding forward-looking information, highlighting various risks and uncertainties that could affect future performance.
See More
Piedmont Realty Trust (PDM) Announces 2025 Dividend Tax Treatment
- Dividend Payment Details: Piedmont Realty Trust has set its 2025 dividend at $0.125 per share, with a record date of November 22, 2024, and a payment date of January 2, 2025, indicating the company's ongoing cash flow and commitment to shareholder returns.
- Tax Treatment Clarification: The company has outlined the tax treatment for its 2025 dividends, including ordinary dividends, qualified dividends, and capital gains, urging shareholders to consult their tax advisors, which reflects the company's focus on shareholder interests.
- Market Positioning: Piedmont focuses on the U.S. Sunbelt markets, managing approximately 16 million square feet of Class A properties, committed to providing exceptional office environments that enhance client workplace experiences, showcasing its competitive advantage in the real estate sector.
- Self-Managed Model: As a fully self-managed real estate investment trust, Piedmont demonstrates its integration capabilities and market adaptability through owning, managing, developing, and operating properties, further solidifying its market position.
See More
Piedmont Realty Trust (PDM) Schedules Q4 and Annual Earnings Release for February 11, 2026
- Earnings Release Schedule: Piedmont Realty Trust will release its fourth quarter and annual financial results on February 11, 2026, after market close, highlighting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for February 12, 2026, at 9:00 a.m. ET, where management will review financial performance and engage in a Q&A session, enhancing interaction with analysts and investors.
- Investor Relations Link: Investors can listen to the live or replay of the conference call via the investor relations section of the company’s website, demonstrating the company's focus on diverse and accessible information dissemination channels.
- Company Background: Piedmont Realty Trust is a fully integrated, self-managed real estate investment company operating approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets, showcasing its leadership in the industry and commitment to enhancing client workplace experiences.
See More
Piedmont Realty Trust Leases 2.5 Million Square Feet in 2025, Achieving 89.6% Occupancy
- Leasing Performance: Piedmont Realty Trust signed leases for 2.5 million square feet in 2025, representing approximately 16% of its portfolio, with 679,000 square feet leased in Q4, showcasing strong market performance.
- New Client Growth: Two-thirds of the leasing in 2025 came from new tenants, indicating successful attraction of new clients, with 1.5 million square feet of new tenancy expected to occupy by the end of 2026, enhancing market competitiveness.
- Occupancy Rate Increase: As of December 31, 2025, the leased percentage of the in-service portfolio reached 89.6%, up 1.2% from the previous year, reflecting accelerated market demand and the appeal of the company's properties.
- Long-term Strategic Success: Over the past five years, Piedmont has leased approximately 75% of its portfolio, totaling 11.6 million square feet, demonstrating the effectiveness of its customer-centric “Piedmont PLACEs” strategy in enhancing workplace environments.
See More
Piedmont Realty Trust (PDM) to Release Q4 and Annual Financial Results on February 11, 2026
- Earnings Release Schedule: Piedmont Realty Trust will announce its fourth quarter and annual financial results on February 11, 2026, after market close, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for February 12, 2026, at 9:00 a.m. ET, during which management will review financial performance and engage in a Q&A session, enhancing interaction with analysts.
- Investor Relations Link: The conference call will be broadcast live on the company's investor relations website, ensuring that all investors can access the latest updates in real-time, thereby improving information accessibility.
- Company Background: Piedmont Realty Trust focuses on managing and developing approximately 16 million square feet of Class A properties, dedicated to providing exceptional office environments, showcasing its strong presence in the U.S. Sunbelt markets.
See More
Truist Securities Keeps Buy Rating on Piedmont Realty Trust and Increases Price Target to $10
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, fostering a collaborative environment for sharing market intelligence.
Market Success: Traders utilize Benzinga Pro's resources to gain a competitive edge and improve their chances of winning in the markets daily.
See More
Piedmont Realty Trust Reveals Pricing for Senior Notes Offering
Offering Announcement: Piedmont Realty Trust has priced a $400 million offering of 5.625% senior notes due 2033, expected to close on November 20, 2025, subject to customary conditions.
Use of Proceeds: The net proceeds will primarily fund the purchase of outstanding 9.250% senior notes due 2028, with any remaining funds allocated for working capital, capital expenditures, and other corporate purposes.
Joint Book-Running Managers: The offering is managed by Wells Fargo Securities, BofA Securities, J.P. Morgan, and others, with a shelf registration statement already effective with the SEC.
Forward-Looking Statements: The company includes cautionary statements regarding forward-looking information, highlighting various risks and uncertainties that could affect future performance.
See More
