Piedmont Office: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 05:09 PM ET
Last Updated - Jun 22, 2023, 12:20 AM EDT
ATLANTA (AP) — ATLANTA (AP) — Piedmont Office Realty Trust Inc. (PDM) on Monday reported a key measure of profitability in its first quarter.
The Atlanta-based real estate investment trust said it had funds from operations of $56.3 million, or 46 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $1.4 million, or 1 cent per share.
