Piedmont Office Realty Trust, Inc.

NYSE:PDM Stock Report

Market Cap: US$842.4m

Piedmont Office Realty Trust Management

Management criteria checks 2/4

Piedmont Office Realty Trust's CEO is Christopher Smith, appointed in Nov 2018, has a tenure of 5.33 years. total yearly compensation is $7.15M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth $2.13M. The average tenure of the management team and the board of directors is 10.1 years and 8 years respectively.

Key information

Christopher Smith

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage9.8%
CEO tenure5.3yrs
CEO ownership0.3%
Management average tenure10.1yrs
Board average tenure8yrs

Recent management updates

Recent updates

Piedmont Office: Steep Discount To Book And A Covered 7% Dividend Yield

Jan 22

Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant

Nov 05

Piedmont Office: Calamitous Drops Don't Scare Us Out Of The Game

Oct 03

Piedmont Office: Dividend News Distracts From Material Upside Potential In Share Price

Jul 30

Piedmont Office Realty Trust: Really Cheap With An 11% Yield

Jul 11

Piedmont: I'm Collecting A 9% Yield While Waiting For Shares To Recover

Feb 25

Piedmont Office Realty Trust Q4 results mixed, co gives in-line FY 2023 FFO guidance

Feb 08

Piedmont Office declares $0.21 dividend

Feb 01

Piedmont Office Realty: My Top 2023 Stock Pick

Dec 22

Piedmont Office Realty Trust: The Atlanta Market Will Carry It Forward

Nov 16

Piedmont Office GAAP EPS of $0.03 misses by $0.03

Nov 02

Piedmont Office Realty Trust's 8.7% Dividend Yield Looks Peachy

Oct 23

Piedmont Office Realty Trust: A 6.5% Yielding Sunbelt REIT Due For A Rebound

Aug 23

Piedmont Office Realty Trust: Continued Mediocrity

Mar 25

Piedmont Office Realty Trust: Still Cheap And Still For A Reason

Dec 13

Piedmont Office Realty Trust: Opinion Unchanged

Aug 31

Piedmont Office goes ex-dividend tomorrow

May 26

CEO Compensation Analysis

How has Christopher Smith's remuneration changed compared to Piedmont Office Realty Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$7mUS$700k

-US$48m

Sep 30 2023n/an/a

US$55m

Jun 30 2023n/an/a

US$76m

Mar 31 2023n/an/a

US$85m

Dec 31 2022US$4mUS$650k

US$147m

Sep 30 2022n/an/a

US$40m

Jun 30 2022n/an/a

US$47m

Mar 31 2022n/an/a

US$49m

Dec 31 2021US$4mUS$600k

-US$1m

Sep 30 2021n/an/a

US$53m

Jun 30 2021n/an/a

US$51m

Mar 31 2021n/an/a

US$233m

Dec 31 2020US$3mUS$600k

US$233m

Sep 30 2020n/an/a

US$373m

Jun 30 2020n/an/a

US$372m

Mar 31 2020n/an/a

US$188m

Dec 31 2019US$5mUS$499k

US$229m

Sep 30 2019n/an/a

US$112m

Jun 30 2019n/an/a

US$120m

Mar 31 2019n/an/a

US$123m

Dec 31 2018US$1mUS$350k

US$130m

Sep 30 2018n/an/a

US$54m

Jun 30 2018n/an/a

US$164m

Mar 31 2018n/an/a

US$176m

Dec 31 2017US$1mUS$300k

US$134m

Compensation vs Market: Christopher's total compensation ($USD7.15M) is above average for companies of similar size in the US market ($USD3.31M).

Compensation vs Earnings: Christopher's compensation has increased whilst the company is unprofitable.


CEO

Christopher Smith (47 yo)

5.3yrs

Tenure

US$7,150,720

Compensation

Mr. Christopher Brent Smith has been President of Piedmont Office Realty Trust, Inc. since November 2018 and as its Director since March 19, 2019. He served as Chief Investment Officer of Piedmont Office R...


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Smith
President5.3yrsUS$7.15m0.25%
$ 2.1m
Robert Bowers
CFO, Executive VP & Chief Administrative Officer16.9yrsUS$2.60m0.29%
$ 2.5m
George Wells
Executive VP & COO2.8yrsUS$1.68m0.081%
$ 679.3k
Christopher Kollme
Executive Vice President of Investments & Strategyno dataUS$1.38m0.065%
$ 547.4k
Robert Wiberg
Executive VP of Northeast Region & Co-Head of Development11.3yrsUS$1.20m0.12%
$ 1.1m
Laura Moon
Chief Accounting Officer & Senior VP16.9yrsUS$736.26k0.046%
$ 386.2k
Thomas McKean
Senior VPno datano datano data
Lisa Tyler
Vice President of Human Resourceno datano datano data
Damian Miller
Executive Vice President of Dallas - Southwest Region10.1yrsno datano data
Kevin Fossum
Executive Vice President of Property Managementno datano datano data
Alex Valente
Executive Vice President of South East Region5yrsno data0.028%
$ 233.7k

10.1yrs

Average Tenure

52yo

Average Age

Experienced Management: PDM's management team is seasoned and experienced (10.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Smith
President5yrsUS$7.15m0.25%
$ 2.1m
Frank McDowell
Independent Chairman of the Board15.8yrsUS$230.00k0.061%
$ 512.4k
Kelly Barrett
Independent Director8yrsUS$202.50k0.042%
$ 357.7k
Glenn Cohen
Independent Director4yrsUS$200.63k0.030%
$ 253.3k
Dale Taysom
Independent Vice Chairman of the Board8.4yrsUS$187.50k0.040%
$ 337.1k
Jeffrey Swope
Independent Director15.4yrsUS$192.50k0.23%
$ 1.9m
Barbara Lang
Independent Director9.2yrsUS$195.00k0.025%
$ 207.2k
Venkatesh Durvasula
Independent Director1.6yrsUS$180.00k0.0042%
$ 35.6k
Mary Hager
Independent Director1.3yrsUS$180.00k0.0035%
$ 29.7k

8.0yrs

Average Tenure

62yo

Average Age

Experienced Board: PDM's board of directors are considered experienced (8 years average tenure).


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