Piedmont Office Realty Trust Q1 2025 10-Q Filed
Ticker: PDM · Form: 10-Q · Filed: 2025-04-28T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, real-estate, financial-reporting
TL;DR
Piedmont Office Realty Trust filed its Q1 2025 10-Q. Financials and operations detailed.
AI Summary
Piedmont Office Realty Trust, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial data and business activities are presented, reflecting the company's ongoing operations in the real estate sector.
Why It Matters
This filing provides investors with crucial financial and operational data for Piedmont Office Realty Trust, Inc. for the first quarter of 2025, enabling informed investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated.
Key Numbers
- 20250331 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
- 20250428 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 1231 — Fiscal Year End (Specifies the end date of the company's fiscal year.)
Key Players & Entities
- Piedmont Office Realty Trust, Inc. (company) — Filer of the 10-Q
- WELLS REAL ESTATE INVESTMENT TRUST INC (company) — Former company name
- 5565 GLENRIDGE CONNECTOR STE 450 (company) — Business and mailing address
- ATLANTA (company) — City of business and mailing address
- GA (company) — State of business and mailing address
- 30342 (company) — ZIP code of business and mailing address
FAQ
What is the primary business of Piedmont Office Realty Trust, Inc.?
Piedmont Office Realty Trust, Inc. is an operator of nonresidential buildings, as indicated by its SIC code [6512].
When was the company previously known by another name?
The company was formerly known as WELLS REAL ESTATE INVESTMENT TRUST INC, with a date of name change on 19980515.
What is the SEC file number for Piedmont Office Realty Trust, Inc.?
The SEC file number for Piedmont Office Realty Trust, Inc. is 001-34626.
Where is Piedmont Office Realty Trust, Inc. located?
The company's business and mailing address is 5565 Glenridge Connector, Suite 450, Atlanta, GA 30342.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2025.
From the Filing
0001042776-25-000074.txt : 20250428 0001042776-25-000074.hdr.sgml : 20250428 20250428161701 ACCESSION NUMBER: 0001042776-25-000074 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250428 DATE AS OF CHANGE: 20250428 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 EIN: 582328421 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34626 FILM NUMBER: 25880601 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-Q 1 pdm-20250331.htm FORM 10-Q 3-31-25 pdm-20250331 0001042776 --12-31 2025 Q1 FALSE P2Y P1Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares pdm:property utr:sqft xbrli:pure pdm:termExtension pdm:extension pdm:derivative_contract pdm:commitment 0001042776 2025-01-01 2025-03-31 0001042776 2025-04-25 0001042776 2025-03-31 0001042776 2024-12-31 0001042776 2024-01-01 2024-03-31 0001042776 us-gaap:ManagementServiceMember 2025-01-01 2025-03-31 0001042776 us-gaap:ManagementServiceMember 2024-01-01 2024-03-31 0001042776 us-gaap:RealEstateOtherMember 2025-01-01 2025-03-31 0001042776 us-gaap:RealEstateOtherMember 2024-01-01 2024-03-31 0001042776 us-gaap:CommonStockMember 2024-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001042776 us-gaap:RetainedEarningsMember 2024-12-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001042776 us-gaap:NoncontrollingInterestMember 2024-12-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001042776 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001042776 us-gaap:NoncontrollingInterestMember 2025-01-01 2025-03-31 0001042776 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001042776 us-gaap:CommonStockMember 2025-03-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001042776 us-gaap:RetainedEarningsMember 2025-03-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001042776 us-gaap:NoncontrollingInterestMember 2025-03-31 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 2023-12-31 0001042776 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001042776 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001042776 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001042776 us-gaap:CommonStockMember 2024-03-31 0001042776 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001042776 us-gaap:RetainedEarningsMember 2024-03-31 0001042776 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001042776 us-gaap:NoncontrollingInterestMember 2024-03-31 0001042776 2024-03-31 0001042776 pdm:RedevelopmentAssetMember 2025-03-31 0001042776 pdm:A200MillionUnsecured2024TermLoanMember us-gaap:UnsecuredDebtMember 2025-03-31 0001042776 pdm:A325MillionUnsecured2024TermLoanMember us-gaap:UnsecuredDebtMember 2025-03-31 0001042776 pdm:A200MillionUnsecured2024TermLoanMember us-gaap:UnsecuredDebtMember 2025-01-01 2025-03-31 0001042776 pdm:A325MillionUnsecured2024TermLoanMember us-gaap:UnsecuredDebtMember 2025-01