HIGHBuilt-inGeographic
70%
Sunbelt markets
“10-K Item 1: 'Collectively, over 70% of our ALR is generated from our properties located in our Sunbelt markets.'”
PDM · Concentration risk · 10-K extracted
Piedmont Realty Trust (PDM) concentration risks
Updated
The most significant concentration Piedmont Realty Trust discloses is Sunbelt markets at 70%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Piedmont Realty Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProperty_type
office
“10-K Item 1A: 'Because our portfolio consists exclusively of office properties, we are subject to risks inherent in investments in a single property type.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Piedmont Realty Trust's concentration risk is defined by both geography and property type, each disclosed at a high share. Collectively, over 70% of the company's ALR is generated from properties located in its Sunbelt markets, a high-share geographic concentration. Compounding that, the portfolio consists exclusively of office properties, meaning the company is subject to the risks inherent in investing in a single property type. Both exposures are structural rather than dependency-driven, reflecting how the REIT's portfolio is constructed rather than reliance on any single tenant or counterparty. Because the geographic concentration and the property-type concentration apply to the same portfolio, they compound one another: a downturn specific to Sunbelt office markets — whether from regional economic conditions, office-sector demand shifts, or oversupply — would affect the large majority of the company's revenue base with little offsetting diversification from either different property types or non-Sunbelt geography. This combination makes the office sector's health specifically within Sunbelt markets the central variable for Piedmont's results.
For the engine’s reasoning on PDM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Office
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CDP | COPT Defense Properties | 2 | 2 | 1 | 5 |
| ARE | Alexandria Real Estate Equities | 2 | 0 | 0 | 2 |
| BXP | BXP, Inc. | 2 | 0 | 0 | 2 |
| PDM● | Piedmont Realty Trust, Inc. | 2 | 0 | 0 | 2 |
| CUZ | Cousins Properties Incorporated | 1 | 3 | 1 | 5 |
| BDN | Brandywine Realty Trust | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.