XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets:    
Land $ 640,196 $ 647,653
Buildings and improvements, less accumulated depreciation of $792,342 and $744,756 as of December 31, 2011 and December 31, 2010, respectively 2,967,254 2,943,995
Intangible lease assets, less accumulated amortization of $119,419 and $145,742 as of December 31, 2011 and December 31, 2010, respectively 79,248 74,028
Construction in progress 17,353 11,152
Total real estate assets 3,704,051 3,676,828
Investments in unconsolidated joint ventures 38,181 42,018
Cash and cash equivalents 139,690 56,718
Tenant receivables, net of allowance for doubtful accounts of $631 and $1,298 as of December 31, 2011 and December 31, 2010, respectively 129,523 134,006
Notes receivable 0 61,144
Due from unconsolidated joint ventures 788 1,158
Restricted cash and escrows 9,039 12,475
Prepaid expenses and other assets 9,911 11,249
Goodwill 180,097 180,097
Deferred financing costs, less accumulated amortization of $9,214 and $11,893 as of December 31, 2011 and December 31, 2010, respectively 5,977 5,306
Deferred lease costs, less accumulated amortization of $120,358 and $137,726 as of December 31, 2011 and December 31, 2010, respectively 230,577 192,481
Total assets 4,447,834 4,373,480
Liabilities:    
Line of credit and notes payable 1,472,525 1,402,525
Accounts payable, accrued expenses, and accrued capital expenditures 122,986 112,648
Deferred income 27,321 35,203
Intangible lease liabilities, less accumulated amortization of $63,981 and $84,308 as of December 31, 2011 and December 31, 2010, respectively 49,037 48,959
Interest rate swaps 2,537 691
Total liabilities 1,674,406 1,600,026
Commitments and Contingencies 0 0
Stockholders' Equity:    
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of December 31, 2011 or December 31, 2010 0 0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2011 or December 31, 2010 0 0
Common stock, $.01 par value, 750,000,000 shares authorized, 172,629,748 shares issued and outstanding as of December 31, 2011; and 172,658,489 shares issued and outstanding as of December 31, 2010 1,726 1,727
Additional paid-in capital 3,663,662 3,661,308
Cumulative distributions in excess of earnings (891,032) (895,122)
Other comprehensive loss (2,537) (691)
Piedmont stockholders' equity 2,771,819 2,767,222
Noncontrolling interest 1,609 6,232
Total stockholders' equity 2,773,428 2,773,454
Total liabilities and stockholders' equity $ 4,447,834 $ 4,373,480