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Piedmont Office Realty Trust Reports Virtually No Damage From Hurricane Milton

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Piedmont Office Realty Trust (NYSE: PDM), a Class A office property owner with significant assets in major U.S. Sunbelt markets, has reported virtually no damage to its Orlando properties following Hurricane Milton. The company's property management team conducted a thorough review of all Piedmont's Orlando assets and confirmed the safety of all personnel in the affected areas. This announcement comes as a relief for the company, which has a notable presence in the Orlando real estate market.

Piedmont Office Realty Trust (NYSE: PDM), un proprietario di immobili per uffici di Classe A con significativi asset nei principali mercati Sunbelt degli Stati Uniti, ha comunicato praticamente nessun danno alle sue proprietà di Orlando dopo l'uragano Milton. Il team di gestione immobiliare dell'azienda ha effettuato una revisione accurata di tutti gli asset di Piedmont a Orlando e ha confermato la sicurezza di tutto il personale nelle aree colpite. Questa notizia rappresenta un sollievo per l'azienda, che ha una forte presenza nel mercato immobiliare di Orlando.

Piedmont Office Realty Trust (NYSE: PDM), propietario de propiedades de oficina de Clase A con activos significativos en los principales mercados de Sunbelt de EE. UU., ha informado que prácticamente no hay daños en sus propiedades de Orlando tras el huracán Milton. El equipo de gestión de propiedades de la compañía llevó a cabo una revisión exhaustiva de todos los activos de Piedmont en Orlando y confirmó la seguridad de todo el personal en las áreas afectadas. Este anuncio es un alivio para la compañía, que tiene una notable presencia en el mercado inmobiliario de Orlando.

피에몬트 오피스 리얼티 트러스트 (NYSE: PDM)는 미국 선벨트 시장의 주요 지역에 중요한 자산을 보유한 A급 사무용 부동산 소유자로써, 허리케인 밀턴 이후 올란도 자산에 사실상 피해가 없다고 보고했습니다. 회사의 부동산 관리 팀은 피에몬트의 올란도 자산 전반에 대한 철저한 검토를 실시하였으며, 영향을 받은 지역의 모든 직원의 안전을 확인했습니다. 이 발표는 올란도 부동산 시장에서 눈에 띄는 존재감을 가진 회사에 안도감을 줍니다.

Piedmont Office Realty Trust (NYSE: PDM), propriétaire de biens immobiliers de bureau de classe A avec des actifs significatifs sur les principaux marchés Sunbelt aux États-Unis, a annoncé pratiquement aucun dommage à ses propriétés d'Orlando suite à l'ouragan Milton. L'équipe de gestion immobilière de la société a effectué un examen approfondi de tous les actifs de Piedmont à Orlando et a confirmé la sécurité de tout le personnel dans les zones touchées. Cette annonce est un soulagement pour la société, qui a une présence notable sur le marché immobilier d'Orlando.

Piedmont Office Realty Trust (NYSE: PDM), ein Eigentümer von Büroimmobilien der Klasse A mit bedeutenden Vermögenswerten in den wichtigsten Sunbelt-Märkten der USA, hat berichtet, dass fast keine Schäden an seinen Immobilien in Orlando nach Hurricane Milton entstanden sind. Das Immobilienverwaltungsteam des Unternehmens hat eine gründliche Überprüfung aller Piedmont-Immobilien in Orlando durchgeführt und die Sicherheit aller Mitarbeiter in den betroffenen Gebieten bestätigt. Diese Ankündigung ist eine Erleichterung für das Unternehmen, das eine bemerkenswerte Präsenz auf dem Immobilienmarkt von Orlando hat.

Positive
  • No significant damage reported to Orlando properties
  • All personnel in affected areas reported safe
Negative
  • None.

Atlanta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, including Orlando, FL, announced today that its property management team, after reviewing detailed property reports for all of the Company’s Orlando assets, has reported virtually no damage to any of Piedmont’s properties from Hurricane Milton and that all personnel in the affected areas are reported safe.

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 major U.S. Sunbelt markets. Its approximately $5 billion portfolio is currently comprised of approximately 16 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 (Baa3). Piedmont is a 2024 ENERGY STAR Partner of the Year – Sustained Excellence. For more information, see www.piedmontreit.com.

Contact:         Sarah Heimlich
Company:       Piedmont Office Realty Trust
Phone:            770 418 8800
Email:             Investor.relations@Piedmontreit.com


FAQ

How did Hurricane Milton affect Piedmont Office Realty Trust's (PDM) properties in Orlando?

According to the company's property management team, Piedmont Office Realty Trust's properties in Orlando experienced virtually no damage from Hurricane Milton.

What measures did Piedmont Office Realty Trust (PDM) take to assess the impact of Hurricane Milton?

Piedmont's property management team conducted a detailed review of all the company's Orlando assets to assess any potential damage from Hurricane Milton.

Were any Piedmont Office Realty Trust (PDM) employees affected by Hurricane Milton in Orlando?

The company reported that all personnel in the affected areas are safe following Hurricane Milton.

Which markets does Piedmont Office Realty Trust (PDM) primarily operate in?

Piedmont Office Realty Trust primarily owns Class A office properties located in major U.S. Sunbelt markets, including Orlando, FL.

Piedmont Office Realty Trust, Inc.

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REIT - Office
Operators of Nonresidential Buildings
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