Piedmont Office(PDM) soars 3.79% on robust leasing activity

Piedmont Office(PDM) shares surged 0.41% today, marking the second consecutive day of gains, with a total increase of 3.79% over the past two days. The stock price reached its highest level since April 2025, with an intraday gain of 2.17%.

The strategy of buying PDM shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 6.50% annualized return. While this is a modest figure, it reflects the stability and growth potential of PDM, making it a suitable long-term investment option.

Piedmont Office Realty Trust has recently signed over 500,000 square feet of new leases, including a significant transaction of 93,000 square feet with a global professional services firm. This leasing success underscores a robust demand for their properties, which is likely to bolster investor confidence in the company's future prospects.

The company has also raised its 2025 leasing guidance from 1.4-1.6 million square feet to 1.8-2.0 million square feet. This upward revision in guidance reflects an optimistic outlook for future leasing activity, further enhancing the company's market position and potentially driving stock performance.

The announcement of increased full-year 2025 leasing guidance indicates an accelerated leasing momentum. This positive development is expected to have a favorable impact on the stock's performance, as it signals the company's ability to capitalize on market opportunities and maintain strong leasing activity.