XML 17 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Rental income$ 105,878$ 102,097$ 311,760$ 306,238
Tenant reimbursements28,45926,98386,36884,100
Property management fee revenue1108061,3032,265
Other rental income(33)4,2304,7185,205
Total revenues134,414134,116404,149397,808
Expenses:    
Property operating costs51,06244,417153,258143,416
Depreciation26,37524,31777,74872,264
Amortization14,9079,30239,41128,215
General and administrative4,6736,59518,63120,790
Operating Expenses97,01784,631289,048264,685
Real estate operating income37,39749,485115,101133,123
Other income (expense):    
Interest expense(16,236)(15,777)(49,638)(50,687)
Interest and other (expense)/income(91)9933,1302,996
Equity in income of unconsolidated joint ventures4856191,0322,003
Gain on consolidation of variable interest entity001,5320
Nonoperating Income (Expense)(15,842)(14,165)(43,944)(45,688)
Income from continuing operations21,55535,32071,15787,435
Discontinued operations:    
Operating income2,7195,2688,11913,843
Impairment loss000(9,587)
Gain on sale of real estate assets26,756026,7560
Income from discontinued operations29,4755,26834,8754,256
Net income51,03040,588106,03291,691
Less: Net income attributable to noncontrolling interest(4)(4)(12)(12)
Net income attributable to Piedmont$ 51,026$ 40,584$ 106,020$ 91,679
Per share information – basic:    
Income from continuing operations$ 0.13$ 0.21$ 0.41$ 0.51
Income from discontinued operations$ 0.17$ 0.03$ 0.20$ 0.03
Net income available to common stockholders$ 0.30$ 0.24$ 0.61$ 0.54
Per share information – diluted:    
Income from continuing operations$ 0.12$ 0.20$ 0.41$ 0.51
Income from discontinued operations$ 0.17$ 0.03$ 0.20$ 0.03
Net income available to common stockholders$ 0.29$ 0.23$ 0.61$ 0.54
Weighted-average common shares outstanding - basic (in shares)172,826,869172,658,489172,755,805170,110,216
Weighted-average common shares outstanding - diluted (in shares)173,045,192172,885,438172,995,849170,257,076