REITs in the Community: Price visits Piedmont Office Realty Trust

10/21/2016

October 19, 2016 - Rep. Tom Price (R-GA), second from right, visited with executives from Piedmont Office Realty Trust (NYSE: PDM) in Atlanta and was updated on the company’s current development projects in Georgia and throughout the country. Rep. Price is chairman of the House Budget Committee and a senior member of the House Ways and Means Committee. Pictured with Rep. Price are, left to right, Bo Reddic, EVP, Real Estate Operations; Robert Bowers, CFO; and Don Miller, CEO.

(Contact: Robert Dibblee at rdibblee@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.