Piedmont Office (PDM) Q2 FFO Match Estimates

Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.45 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this commercial real estate investment trust would post FFO of $0.39 per share when it actually produced FFO of $0.39, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus FFO estimate ...