PIEDMONT OFFICE REALTY TRUST REPORTS NO MATERIAL DAMAGE FROM HURRICANES HARVEY AND IRMA

Atlanta, GA -September 12, 2017 - Piedmont Office Realty Trust (NYSE: PDM), announced today that its local property teams have reviewed its operations in Texas, Florida and Georgia and is pleased to report that no significant damage was incurred at its buildings. Thankfully, in addition, all personnel in the areas affected by Hurricanes Harvey and Irma are reported to be safe.

"We were fortunate to stay completely dry in our Enclave Parkway assets in Houston, while the redundant electrical power systems at our Orlando assets ensured no loss of power," said Donald A. Miller, CFA, President and CEO of Piedmont. "I want to personally thank all of our hardworking and dedicated associates who went the extra mile to make sure our buildings never closed to our tenants. Our thoughts and prayers remain with those impacted by these two hurricanes as significant recovery efforts are underway."

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select submarkets located primarily within eight major Eastern U.S. office markets. Its geographically-diversified, over $5 billion portfolio is comprised of approximately 19 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its major markets and is investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2). For more information, see www.piedmontreit.com.

Contact:                Kerry Hughes
Company:             Piedmont Office Realty Trust
Phone:                  1 770 418 8678
Email:                    Kerry.Hughes@Piedmontreit.com

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Piedmont Office Realty Trust, Inc. via Globenewswire

Piedmont Office Realty (NYSE:PDM)
Historical Stock Chart
From Mar 2024 to Apr 2024