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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets:  
Land$ 637,656$ 592,080
Buildings and improvements, less accumulated depreciation of $766,163 and $707,314 as of September 30, 2011 and December 31, 2010, respectively2,955,1862,779,652
Intangible lease assets, less accumulated amortization of $118,574 and $125,193 as of September 30, 2011 and December 31, 2010, respectively88,04768,227
Construction in progress16,8538,591
Real estate assets held for sale, net228,896228,278
Total real estate assets3,926,6383,676,828
Investments in unconsolidated joint ventures38,39142,018
Cash and cash equivalents16,12856,718
Tenant receivables, net of allowance for doubtful accounts of $809 and $1,298 as of September 30, 2011 and December 31, 2010, respectively131,094123,269
Notes receivable 61,144
Due from unconsolidated joint ventures6431,158
Restricted cash and escrows36,300814
Prepaid expenses and other assets13,97811,249
Goodwill180,097180,097
Deferred financing costs, less accumulated amortization of $8,611 and $11,740 as of September 30, 2011 and December 31, 2010, respectively4,7395,240
Deferred lease costs, less accumulated amortization of $115,633 and $111,671 as of September 30, 2011 and December 31, 2010, respectively217,757165,001
Other assets held for sale47,35349,944
Total assets4,613,1184,373,480
Liabilities:  
Line of credit and notes payable1,544,5251,282,525
Accounts payable, accrued expenses, and accrued capital expenditures143,106112,648
Deferred income32,51435,203
Intangible lease liabilities, less accumulated amortization of $65,496 and $60,850 as of September 30, 2011 and December 31, 2010, respectively51,59942,005
Interest rate swap 691
Notes payable and other liabilities held for sale124,451126,954
Total liabilities1,896,1951,600,026
Commitments and Contingencies  
Stockholders' Equity:  
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of September 30, 2011 or December 31, 201000
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of September 30, 2011 or December 31, 201000
Common stock, $.01 par value, 750,000,000 shares authorized; 172,826,991 and 172,658,489 shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively (Note 12)1,7281,727
Additional paid-in capital3,663,1553,661,308
Cumulative distributions in excess of earnings(952,370)(895,122)
Other comprehensive loss0(691)
Piedmont stockholders' equity2,712,5132,767,222
Noncontrolling interest1,6131,609
Noncontrolling interest held for sale2,7974,623
Total stockholders' equity2,716,9232,773,454
Total liabilities and stockholders' equity$ 4,613,118$ 4,373,480