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 6.08 years. total yearly compensation is $7.15M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth $2.78M. The average tenure of the management team and the board of directors is 5.9 years and 5.8 years respectively.
Key information
Christopher Smith
Chief executive officer
US$7.2m
Total compensation
| CEO salary percentage | 9.8% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.9yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Dec 06Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade)
Sep 05Piedmont Office Realty Trust: Attractive Valuation But Risks Remain
Apr 19Piedmont Office: Steep Discount To Book And A Covered 7% Dividend Yield
Jan 22Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant
Nov 05Piedmont Office: Calamitous Drops Don't Scare Us Out Of The Game
Oct 03Piedmont Office: Dividend News Distracts From Material Upside Potential In Share Price
Jul 30Piedmont Office Realty Trust: Really Cheap With An 11% Yield
Jul 11Piedmont: I'm Collecting A 9% Yield While Waiting For Shares To Recover
Feb 25Piedmont Office Realty Trust Q4 results mixed, co gives in-line FY 2023 FFO guidance
Feb 08Piedmont Office declares $0.21 dividend
Feb 01Piedmont Office Realty: My Top 2023 Stock Pick
Dec 22Piedmont Office Realty Trust: The Atlanta Market Will Carry It Forward
Nov 16Piedmont Office GAAP EPS of $0.03 misses by $0.03
Nov 02Piedmont Office Realty Trust's 8.7% Dividend Yield Looks Peachy
Oct 23Piedmont Office Realty Trust: A 6.5% Yielding Sunbelt REIT Due For A Rebound
Aug 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$77m |
| Jun 30 2024 | n/a | n/a | -US$83m |
| Mar 31 2024 | n/a | n/a | -US$75m |
| Dec 31 2023 | US$7m | US$700k | -US$48m |
| Sep 30 2023 | n/a | n/a | US$55m |
| Jun 30 2023 | n/a | n/a | US$76m |
| Mar 31 2023 | n/a | n/a | US$85m |
| Dec 31 2022 | US$4m | US$650k | US$147m |
| Sep 30 2022 | n/a | n/a | US$40m |
| Jun 30 2022 | n/a | n/a | US$47m |
| Mar 31 2022 | n/a | n/a | US$49m |
| Dec 31 2021 | US$4m | US$600k | -US$1m |
| Sep 30 2021 | n/a | n/a | US$53m |
| Jun 30 2021 | n/a | n/a | US$51m |
| Mar 31 2021 | n/a | n/a | US$233m |
| Dec 31 2020 | US$3m | US$600k | US$233m |
| Sep 30 2020 | n/a | n/a | US$373m |
| Jun 30 2020 | n/a | n/a | US$372m |
| Mar 31 2020 | n/a | n/a | US$188m |
| Dec 31 2019 | US$5m | US$499k | US$229m |
| Sep 30 2019 | n/a | n/a | US$112m |
| Jun 30 2019 | n/a | n/a | US$120m |
| Mar 31 2019 | n/a | n/a | US$123m |
| Dec 31 2018 | US$1m | US$350k | US$130m |
| Sep 30 2018 | n/a | n/a | US$54m |
| Jun 30 2018 | n/a | n/a | US$164m |
| Mar 31 2018 | n/a | n/a | US$176m |
| Dec 31 2017 | US$1m | US$300k | US$134m |
Compensation vs Market: Christopher's total compensation ($USD7.15M) is above average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: Christopher's compensation has increased whilst the company is unprofitable.
CEO
Christopher Smith (48 yo)
6.1yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$7.15m | 0.26% $ 2.8m | |
| Executive VP & COO | 3.6yrs | US$1.68m | 0.081% $ 873.2k | |
| Executive Vice President of Investments & Strategy | no data | US$1.38m | 0.065% $ 703.7k | |
| Executive Vice President of Northeast Region | 12.1yrs | US$1.20m | 0.12% $ 1.4m | |
| Executive VP & CFO | less than a year | no data | no data | |
| Chief Accounting Officer & Senior VP | 17.7yrs | US$459.94k | 0.046% $ 496.3k | |
| Senior VP | no data | no data | no data | |
| Senior Vice President of Human Resource | no data | no data | no data | |
| Executive Vice President of Dallas - Southwest Region | 10.8yrs | no data | no data | |
| Executive Vice President of Property Management | no data | no data | no data | |
| Executive Vice President of South East Region | 5.8yrs | no data | no data | |
| Vice President of Sustainability & national Initiatives | less than a year | no data | no data |
5.9yrs
Average Tenure
53yo
Average Age
Experienced Management: PDM's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.8yrs | US$7.15m | 0.26% $ 2.8m | |
| Independent Chair of the Board | 8.8yrs | US$202.50k | 0.055% $ 592.7k | |
| Independent Director | 4.8yrs | US$205.00k | 0.042% $ 458.6k | |
| Independent Vice Chairman of the Board | 9.2yrs | US$187.50k | 0.050% $ 536.5k | |
| Independent Director | 9.9yrs | US$195.00k | 0.033% $ 359.4k | |
| Independent Director | 2.3yrs | US$180.00k | 0.013% $ 140.1k | |
| Independent Director | 2yrs | US$180.00k | 0.016% $ 171.1k |
5.8yrs
Average Tenure
60yo
Average Age
Experienced Board: PDM's board of directors are considered experienced (5.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:09 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Piedmont Office Realty Trust, Inc. is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Thillman | Baird |
| Paul Adornato | BMO Capital Markets Equity Research |
| Paul Adornato | BMO Capital Markets U.S. (Historical) |