Piedmont Office (PDM) Matches Q4 FFO 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$0.41 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 $0.37 per share when it actually produced FFO of$0.36, delivering a surprise of -2.70%.Over the last four quarters, the company has not been able to surpass consensus FFO e ...