Piedmont Realty Trust, Inc. Overview
Pro stress-test →Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment, owning and operating approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets with a hospitality-driven approach to transform buildings into premier workplace destinations. The company achieved 2.5 million square feet of leasing in 2025, its highest annual volume since 2015, lifting in-service leased occupancy to 89.6%.
Strategic Profile
Pro stress-test →The company's strong concentration in high-growth Sun Belt and select suburban markets fuels above-market leasing activity and absorption, supported by ongoing population and job growth in these regions. Piedmont refinanced its capital structure by issuing $400 million of 5.625% senior notes due 2033 and repurchasing $245.2 million of 9.25% notes due 2028, leaving no debt maturities until 2028.
Competitive Landscape
Pro stress-test →Piedmont Office Realty is positioned favorably compared to its peers in terms of revenue growth and gross profit, but lags behind in return on equity. Key competitors include Highwoods Properties, Douglas Emmett, City Office REIT, and other Sunbelt-focused office REITs navigating similar market pressures and structural headwinds in the office sector.
Industry Context
Piedmont Realty Trust, Inc. operates in Office Real Estate Investment Trust (REIT).
Key facts
Headquarters: Atlanta, Georgia