Piedmont Office Realty Trust Files 2024 10-K

Ticker: PDM · Form: 10-K · Filed: 2025-02-19T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, real-estate, annual-report

TL;DR

Piedmont Office Realty Trust filed its 2024 10-K. Full financials out now.

AI Summary

Piedmont Office Realty Trust, Inc. filed its 2024 10-K on February 19, 2025, reporting on its operations for the fiscal year ending December 31, 2024. The company, previously known as WELLS REAL ESTATE INVESTMENT TRUST INC, is involved in operating nonresidential buildings. The filing covers financial data and business activities for the fiscal years 2024, 2023, and 2022.

Why It Matters

This filing provides investors with a comprehensive overview of Piedmont Office Realty Trust's financial performance and operational status for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks beyond those typical for a real estate investment trust.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of Piedmont Office Realty Trust, Inc.?

Piedmont Office Realty Trust, Inc. operates in the sector of Operators of Nonresidential Buildings, as indicated by SIC code 6512.

When was the company formerly known as?

The company was formerly known as WELLS REAL ESTATE INVESTMENT TRUST INC, with a name change date of May 15, 1998.

What is the filing date of this 10-K report?

This 10-K report was filed on February 19, 2025.

What fiscal year does this 10-K report cover?

This 10-K report covers the fiscal year ending December 31, 2024.

In which state was Piedmont Office Realty Trust, Inc. incorporated?

Piedmont Office Realty Trust, Inc. was incorporated in Maryland (MD).

From the Filing

0001042776-25-000042.txt : 20250219 0001042776-25-000042.hdr.sgml : 20250219 20250219162720 ACCESSION NUMBER: 0001042776-25-000042 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 102 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Piedmont Office Realty Trust, Inc. CENTRAL INDEX KEY: 0001042776 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 582328421 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34626 FILM NUMBER: 25640561 BUSINESS ADDRESS: STREET 1: 5565 GLENRIDGE CONNECTOR STREET 2: STE 450 CITY: ATLANTA STATE: GA ZIP: 30342 BUSINESS PHONE: 7704188800 MAIL ADDRESS: STREET 1: 5565 GLENRIDGE CONNECTOR STREET 2: STE 450 CITY: ATLANTA STATE: GA ZIP: 30342 FORMER COMPANY: FORMER CONFORMED NAME: WELLS REAL ESTATE INVESTMENT TRUST INC DATE OF NAME CHANGE: 19980515 10-K 1 pdm-20241231.htm FORM 10-K FYE 12-31-2024 pdm-20241231 0001042776 2024 FY false P3Y iso4217:USD xbrli:shares iso4217:USD xbrli:shares pdm:property utr:sqft xbrli:pure pdm:joint_venture pdm:vote pdm:termExtension pdm:derivative_contract pdm:commitment 0001042776 2024-01-01 2024-12-31 0001042776 2024-06-28 0001042776 2025-02-18 0001042776 2024-10-01 2024-12-31 0001042776 2024-12-31 0001042776 2023-12-31 0001042776 2023-01-01 2023-12-31 0001042776 2022-01-01 2022-12-31 0001042776 us-gaap:ManagementServiceMember 2024-01-01 2024-12-31 0001042776 us-gaap:ManagementServiceMember 2023-01-01 2023-12-31 0001042776 us-gaap:ManagementServiceMember 2022-01-01 2022-12-31 0001042776 us-gaap:RealEstateOtherMember 2024-01-01 2024-12-31 0001042776 us-gaap:RealEstateOtherMember 2023-01-01 2023-12-31 0001042776 us-gaap:RealEstateOtherMember 2022-01-01 2022-12-31 0001042776 us-gaap:CommonStockMember 2021-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001042776 us-gaap:RetainedEarningsMember 2021-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2021-12-31 0001042776 2021-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001042776 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001042776 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001042776 us-gaap:CommonStockMember 2022-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001042776 us-gaap:RetainedEarningsMember 2022-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2022-12-31 0001042776 2022-12-31 0001042776 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001042776 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001042776 us-gaap:CommonStockMember 2023-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001042776 us-gaap:RetainedEarningsMember 2023-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2023-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001042776 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-12-31 0001042776 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0001042776 us-gaap:CommonStockMember 2024-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001042776 us-gaap:RetainedEarnings

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