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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Rental income $ 425,232 $ 412,093 $ 401,163
Tenant reimbursements 107,833 115,082 114,039
Property management fee revenue 2,318 1,584 3,212
Other rental income 999 4,734 5,033
Total revenues 536,382 533,493 523,447
Expenses:      
Property operating costs 212,932 207,199 195,368
Depreciation 112,801 102,804 95,267
Amortization 50,105 54,485 37,513
General and administrative 20,766 25,074 28,129
Operating Expenses 396,604 389,562 356,277
Real estate operating income 139,778 143,931 167,170
Other income (expense):      
Interest expense (65,023) (65,817) (66,486)
Interest and other income 833 2,774 3,486
Litigation settlement expense (7,500) 0 0
Net casualty loss (5,170) 0 0
Equity in income of unconsolidated joint ventures 923 1,619 2,633
Gain on consolidation of variable interest entity 0 1,532 0
Gain on extinguishment of debt 0 1,039 0
Nonoperating Income (Expense) (75,937) (58,853) (60,367)
Income from continuing operations 63,841 85,078 106,803
Discontinued operations:      
Operating income, excluding impairment loss 1,801 17,321 23,995
Impairment loss 0 0 (9,587)
Gain/(loss) on sale of real estate assets 27,577 122,657 (817)
Income from discontinued operations 29,378 139,978 13,591
Net income 93,219 225,056 120,394
Less: Net income attributable to noncontrolling interest (15) (15) (15)
Net income attributable to Piedmont $ 93,204 $ 225,041 $ 120,379
Per share information – basic:      
Income from continuing operations (in dollars per share) $ 0.38 $ 0.49 $ 0.63
Income from discontinued operations (in dollars per share) $ 0.17 $ 0.81 $ 0.08
Income attributable to noncontrolling interest (in dollars per share) $ 0.00 $ 0.00 $ 0.00
Net income available to common stockholders (in dollars per share) $ 0.55 $ 1.30 $ 0.71
Per share information – diluted:      
Income from continuing operations (in dollars per share) $ 0.38 $ 0.49 $ 0.62
Income from discontinued operations (in dollars per share) $ 0.17 $ 0.81 $ 0.08
Income attributable to noncontrolling interest (in dollars per share) $ 0.00 $ 0.00 $ 0.00
Net income available to common stockholders (in dollars per share) $ 0.55 $ 1.30 $ 0.70
Weighted-average common shares outstanding - basic (in shares) 170,312,328 172,764,838 170,752,520
Weighted-average common shares outstanding - diluted (in shares) 170,441,223 172,980,947 170,967,324