Piedmont Operating Partnership, LP is a real estate investment trust (REIT) based in Atlanta, Georgia, founded in 1991 with a focus on acquiring, developing, and managing high-quality retail properties. The company specializes in retail shopping centers and mixed-use developments, leveraging its extensive portfolio to deliver value to investors.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PDM 2.75% 2032-04-01 USDPiedmont Operating Partnership, LP | United States | 2032-04-01 | 2.750 | 5.23 |
| PDM 3.15% 2030-08-15 USDPiedmont Operating Partnership, LP | United States | 2030-08-15 | 3.150 | 4.80 |
| PDM 5.63% 2033-01-15 USDPiedmont Operating Partnership, LP | United States | 2033-01-15 | 5.625 | 5.56 |
| PDM 6.88% 2029-07-15 USDPiedmont Operating Partnership, LP | United States | 2029-07-15 | 6.875 | 4.82 |
| PDM 9.25% 2028-07-20 USDPiedmont Operating Partnership, LP | United States | 2028-07-20 | 9.250 | 4.52 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Piedmont began its bond issuance strategy in the early 2000s to support its growth and expansion. Notably, in 2017, the partnership issued $300 million in senior unsecured notes that were well-received, with yields that were competitive within the retail REIT sector. Currently, Piedmont's bonds offer attractive yields relative to other REITs, reflecting the company's stable cash flow and commitment to maintaining quality assets. Recent news highlights their focus on sustainability in developments, which may enhance future bond attractiveness.