Investor FAQs
General
What is a REIT?
A real estate investment trust, or REIT, is a company that owns, and in most cases, operates income-producing real estate. Some REITs also engage in financing real estate. The shares of many REITs are traded on major stock exchanges. View a video presentation by our President and Chief Executive Officer, Donald A. Miller, CFA, discussing an overview of REITs. To qualify as a REIT, a company must have most of its assets and income tied to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends. A company that qualifies as a REIT is permitted to deduct dividends paid to its shareholders from its corporate taxable income. As a result, most REITs historically remit at least 100 percent of their taxable income to their shareholders and therefore owe no corporate tax. Taxes are paid by shareholders on the dividends received and any capital gains. Most states honor this federal treatment and also do not require REITs to pay state income tax. Like other businesses, but unlike partnerships, a REIT cannot pass any tax losses through to its investors.
When does Piedmont's fiscal year end?
Our fiscal year end is December 31st.
How can I receive e-mail alerts from Piedmont?
By clicking on the link below, you will be able to customize email alerts for information you desire.
Email Alerts
Email Alerts
How do I get copies of documents such as annual reports and SEC filings?
By clicking on the link below, you will be able to review our latest annual report and download a copy.
By clicking on the link below, you will be able to review our latest SEC filings and download a copy.
What is a registered investor?
A registered investor is one who holds their shares directly in their name, rather than through a broker.
What exchange is Piedmont listed on?
Piedmont's common stock is listed on the New York Stock Exchange (“NYSE”) under the trading or “ticker” symbol of “PDM.”
What is the current value of my Piedmont shares?
Please refer to "Stock Information" for real-time quotes as to the value of your Common Shares.
How do I transfer my stock or change my address with the transfer agent?
Registered investors (i.e. those who do not hold their shares through a broker) who wish to change the address on their account, name on their account, the ownership of their shares or who have other questions may contact our transfer agent, Computershare, Inc. at 866-354-3485 or investor.services@piedmontreit.com or see Transfer Agent Information for more information.
What is "Funds from Operations" (FFO)?
FFO is a supplemental measure of a REIT's operating performance. It is different from earnings in that certain non-cash measures, such as depreciation and amortization are added back. The National Association of Real Estate Investment Trusts defines FFO as net income excluding gains (or losses) from sales of real estate assets plus the depreciation or amortization of real estate assets. Many securities analysts judge a REIT's performance according to its FFO per share results.
How can I find out more about investing in a Real Estate Investment Trust?
Go to the National Association of Real Estate Investment Trust's website to learn more about REITs. Always consult your financial advisor before making any investment decisions.
How can I receive my stockholder communications electronically?
Registered investors who wish to receive their stockholder communications electronically can contact our transfer agent, Computershare, Inc. at 866-354-3485 or investor.services@piedmontreit.com.
What happened to the "Class A" and "Class B" designations on my common shares?
On January 22, 2010, Piedmont effected a recapitalization whereby its Common Stock was reclassified into shares of Class A, Class B-1, Class B-2 and Class B-3 Common Stock. The conversion of each share had the effect of a reverse one-for-three stock split. Following the recapitalization described above, the outstanding shares of Class B-1, B-2 and B-3 Common Stock converted automatically into shares of Class A Common Stock pursuant to the terms of Piedmont's charter, as amended. This conversion was completed on January 30, 2011, at which point there were no Class B-1, B-2 or B-3 shares remaining outstanding. On June 30, 2011, Piedmont reclassified its authorized Class B-1, B-2 and B-3 Common Stock to Class A Common Stock and changed the name of the "Class A Common Stock" to "Common Stock". No changes were made to the terms of the Class A Common Stock other than the name change to "Common Stock." Currently, the only authorized class of common stock of Piedmont is the class registered under CUSIP 720190 206. The current name of this class is "Common Stock."
I still have questions. Who should I contact?
If your question pertains to ownership or other administrative issues (name, address, number of shares, account history, tax information, dividend reinvestment, etc) and you are a registered stockholder, please contact our transfer agent, Computershare, Inc., at 866-354-3485 or investor.services@piedmontreit.com.
If your question pertains to ownership issues (name, address, number of shares, account history, tax information, dividend reinvestment, etc) and you hold your shares in street name (i.e., through a broker), please contact your broker directly as Computershare, Inc. will not be able to help you.
If you have other questions, you may contact Piedmont directly at investor.relations@piedmontreit.com.
If your question pertains to ownership issues (name, address, number of shares, account history, tax information, dividend reinvestment, etc) and you hold your shares in street name (i.e., through a broker), please contact your broker directly as Computershare, Inc. will not be able to help you.
If you have other questions, you may contact Piedmont directly at investor.relations@piedmontreit.com.