Piedmont Office Realty Trust Inc

NYSE PDM

Data sourced from iex and EODHD
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Piedmont Office Realty Trust Inc Days in Inventory 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -45.01%

Piedmont Office Realty Trust Inc Days in Inventory 3 year CAGR is -45.01% for the Trailing 12 Months (TTM) ending March 31, 2024, a -318.91% change year over year. The days in inventory ratio measures the average number of days it takes for a company to sell its inventory. It is calculated by dividing 365 by the ratio of cost of revenue to the average of inventory and other current assets. This ratio indicates the efficiency of inventory management and the company's ability to convert inventory into sales within a specific period. A lower number of days in inventory is generally preferable. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Piedmont Office Realty Trust Inc Days in Inventory for the Trailing 12 Months (TTM) ending March 31, 2023 was 79.72, a -17.47% change year over year.
  • Piedmont Office Realty Trust Inc Days in Inventory for the Trailing 12 Months (TTM) ending March 31, 2022 was 96.59, a 22.87% change year over year.
  • Piedmont Office Realty Trust Inc Days in Inventory for the Trailing 12 Months (TTM) ending March 31, 2021 was 78.61, a -41.94% change year over year.
  • Piedmont Office Realty Trust Inc Days in Inventory for the Trailing 12 Months (TTM) ending March 31, 2020 was 135.41, a 24.48% change year over year.
NYSE: PDM

Piedmont Office Realty Trust Inc

CEO Mr. Christopher Brent Smith
IPO Date Feb. 10, 2010
Location United States
Headquarters 5565 Glenridge Connector, Atlanta, GA, United States, 30342
Employees 150
Sector Real Estate
Industry Reit - office
Description

Piedmont Office Realty Trust, Inc. (also referred to herein as Piedmont or the Company) (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. 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 Standard & Poor's and Moody's. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it was the only office REIT headquartered in the Southeast to receive those designations. Approximately 85% of the Company's square footage is Energy Star certified and nearly 70% is LEED certified. Piedmont is headquartered in Atlanta, GA.

StockViz Staff

September 19, 2024

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