NYSE:PDMOffice REITs
Piedmont Realty Trust (PDM): Evaluating Valuation Following Major Q3 Leasing Surge and Improved Occupancy
If you have been following Piedmont Realty Trust (PDM), recent news around its third quarter leasing activity may have caught your attention. The company just announced it locked in over 500,000 square feet of new leases, and more than 400,000 square feet were signed by new tenants. What stands out is that approximately 85% of these leases filled previously vacant space, making a noticeable dent in vacancy rates and putting more of Piedmont’s out-of-service portfolio back to work. With...