George Wells - Piedmont Office Executive Vice President - Real Estate Operations

PDM Stock  USD 7.08  0.04  0.56%   

President

Mr. George M. Wells is the Executive Vice President Southeast Region of the Piedmont Office Realty Trust, Inc. He served as Executive Vice President of our Southeastern Region since 2015. As such, he oversees all acquisition and development opportunities, as well as leasing and property management activity for our Class A office buildings totaling approximately four million square feet located in Atlanta and Orlando. Mr. Wells has over 30 years of commercial real estate experience including approximately fifteen years of service in various asset management roles across Piedmonts portfolio and with its former advisor, Wells Real Estate Funds, Inc. His previous tenures include Lend Lease Real Estate Investments and Equitable Real Estate. Mr. Wells is a member of NAIOP. since 2021.
Age 61
Tenure 3 years
Address 5565 Glenridge Connector, Atlanta, GA, United States, 30342-4788
Phone770 418 8800
Webhttps://www.piedmontreit.com

Piedmont Office Management Efficiency

The company has Return on Asset of 0.012 % which means that on every $100 spent on assets, it made $0.012 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0427) %, meaning that it generated no profit with money invested by stockholders. Piedmont Office's management efficiency ratios could be used to measure how well Piedmont Office manages its routine affairs as well as how well it operates its assets and liabilities. As of the 8th of June 2024, Return On Capital Employed is likely to grow to 0.05, though Return On Tangible Assets are likely to grow to (0.01). At this time, Piedmont Office's Asset Turnover is very stable compared to the past year.
Piedmont Office Realty has 2.1 B in debt with debt to equity (D/E) ratio of 0.92, which is OK given its current industry classification. Piedmont Office Realty has a current ratio of 0.46, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Piedmont to invest in growth at high rates of return.

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is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. At the end of the third quarter, approximately 63 percent of the companys portfolio was ENERGY STAR certified and approximately 41 percent was LEED certified. Piedmont Office operates under REITOffice classification in the United States and is traded on New York Stock Exchange. It employs 134 people. Piedmont Office Realty (PDM) is traded on New York Stock Exchange in USA. It is located in 5565 Glenridge Connector, Atlanta, GA, United States, 30342-4788 and employs 150 people. Piedmont Office is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Piedmont Office Realty Leadership Team

Elected by the shareholders, the Piedmont Office's board of directors comprises two types of representatives: Piedmont Office inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Piedmont. The board's role is to monitor Piedmont Office's management team and ensure that shareholders' interests are well served. Piedmont Office's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Piedmont Office's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christopher Kollme, Executive Vice President - Investments and Strategy
Robert CPA, Executive CFO
Damian CFA, Executive Region
C Smith, President, Chief Executive Officer, Chief Investment Officer, Director
Thomas McKean, Associate VP
Lisa Tyler, Vice Resource
Wesley Cantrell, Independent Director
Laura Moon, Chief Accounting Officer, Senior Vice President
Edward III, Treasurer Fin
Barbara Lang, Independent Director
Frank McDowell, Chairman of the Board of director& Independent Director
Joseph Pangburn, Executive Vice President - Southwest Region
Kelly Barrett, Independent Director
Christopher Smith, CEO President
Alex Valente, Executive Vice President - Southeast Region
Robert Wiberg, Executive Vice President - Mid-Atlantic Region and Head of Development
Glenn Cohen, Independent Director
Jeffrey Swope, Independent Director
Edward Guilbert, Executive Vice President - Finance, Treasurer, Assistant Secretary
George Wells, Executive Vice President - Real Estate Operations
Dale Taysom, independent Vice Chairman of the Board of Directors
Thomas Prescott, Executive Vice President - Midwest Region and Co-Head of Development
Robert Bowers, Chief Financial and Administrative Officer, Executive Vice President
Kevin Fossum, Executive Management

Piedmont Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Piedmont Office a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Additional Information and Resources on Investing in Piedmont Stock

When determining whether Piedmont Office Realty is a strong investment it is important to analyze Piedmont Office's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Piedmont Office's future performance. For an informed investment choice regarding Piedmont Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Piedmont Office Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Piedmont Office. If investors know Piedmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Piedmont Office listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.70)
Dividend Share
0.585
Earnings Share
(0.60)
Revenue Per Share
4.687
Quarterly Revenue Growth
0.015
The market value of Piedmont Office Realty is measured differently than its book value, which is the value of Piedmont that is recorded on the company's balance sheet. Investors also form their own opinion of Piedmont Office's value that differs from its market value or its book value, called intrinsic value, which is Piedmont Office's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Piedmont Office's market value can be influenced by many factors that don't directly affect Piedmont Office's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Piedmont Office's value and its price as these two are different measures arrived at by different means. Investors typically determine if Piedmont Office is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Piedmont Office's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.