Piedmont Office Realty Trust (PDM) Reports Q2 EPS of $1.52, Revenues Miss

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Piedmont Office Realty Trust Reports Second Quarter 2020 Results

July 29, 2020 4:46 PM EDT

Atlanta, GA, July 29, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE: PDM), an owner of Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, today announced its results for the quarter ended June 30, 2020.

Highlights for the Quarter Ended June 30, 2020:

Reported net income applicable to common stockholders of $192.4 million, or $1.52 per diluted share, for the quarter ended June 30, 2020, as compared with $8.2 million, or $0.06 per diluted share, for the quarter ended June 30, 2019;Achieved a 14%... More