Piedmont Office (PDM) Q3 FFO and Revenues Miss Estimates

Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.70%. A quarter ago, it was expected that this commercial real estate investment trust would post FFO of $0.37 per share when it actually produced FFO of $0.37, delivering no surprise.Over the last four q ...