PIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS

Rhea-AI Summary

Piedmont Office Realty Trust (NYSE: PDM) announced the tax treatment of its 2022 common stock dividends. Stockholders should consult tax advisors for specifics regarding their tax obligations. The report details dividends of $0.21 per share paid on January 3, 2023, with all distributions taxable in 2023. Piedmont boasts a $5 billion portfolio of approximately 17 million square feet of Class A office properties, primarily in the Sunbelt, and is rated investment-grade by S&P Global Ratings and Moody's. For more information about Piedmont and its performance, visit piedmontreit.com.

Positive

• Dividends of $0.21 per share announced for January 3, 2023, providing income for shareholders.
• Investment-grade ratings from S&P and Moody's indicate financial stability and confidence.

Negative

• None.

Atlanta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2022 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.

 

Record Date	Paid Date	Dividend per Share		Ordinary Dividends		Capital Gains		Unrecaptured Section 1250	Qualified Dividend		Section 199A Dividend Rate
Nov 26, 2021	Jan 4, 2022	$	0.21	$	0.173988	$	0.028055	-	$	0.000011	$	0.173977
Feb 25, 2022	Mar 18, 2022	$	0.21	$	0. 173988	$	0.028055	-	$	0.000011	$	0. 173977
May 27, 2022	Jun 17, 2022	$	0.21	$	0. 173988	$	0.028055	-	$	0.000011	$	0. 173977
Aug 26, 2022	Sep 16, 2022	$	0.21	$	0. 173988	$	0.028055	-	$	0.000011	$	0. 173977
Nov 25, 2022	Jan 3, 2023	$0.21*		N/A		N/A		N/A	N/A		N/A

 

* All of the $0.21 per share distribution paid on January 3, 2023 will be taxable to stockholders in 2023.

 

About Piedmont Office Realty Trust

 

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody’s (Baa2). Piedmont is a 2022 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.

 

Shareholder Services/Transfer Agent Services Contact:

Computershare, Inc.

866-354-3485

investor.services@piedmontreit.com

 

 

FAQ

What is the dividend amount for Piedmont Office Realty Trust (PDM) in 2023?

The dividend amount for Piedmont Office Realty Trust (PDM) in 2023 is $0.21 per share.

When will the dividends for Piedmont Office Realty Trust be paid?

The dividends for Piedmont Office Realty Trust will be paid on January 3, 2023.

Are Piedmont Office Realty Trust dividends taxable?

Yes, all distributions paid on January 3, 2023, will be taxable to stockholders in 2023.

What is the total value of Piedmont Office Realty Trust's portfolio?

Piedmont Office Realty Trust's portfolio is valued at approximately $5 billion.

Where can I find more information about Piedmont Office Realty Trust?

More information about Piedmont Office Realty Trust can be found at their website, piedmontreit.com.