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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Assets:    
Land $ 666,479 $ 622,348
Buildings and improvements, less accumulated depreciation of $902,978 and $874,630 as of March 31, 2013 and December 31, 2012, respectively 3,059,317 2,881,296
Intangible lease assets, less accumulated amortization of $67,333 and $67,940 as of March 31, 2013 and December 31, 2012, respectively 70,752 54,745
Construction in progress 29,487 20,373
Real estate assets held for sale, net 24,954 33,970
Total real estate assets 3,850,989 3,612,732
Investments in unconsolidated joint ventures 37,835 37,226
Cash and cash equivalents 17,575 12,957
Tenant receivables, net of allowance for doubtful accounts of $375 and $346 as of March 31, 2013 and December 31, 2012, respectively 153,697 145,148
Due from unconsolidated joint ventures 458 463
Restricted cash and escrows 683 334
Prepaid expenses and other assets 12,724 13,022
Goodwill 180,097 180,097
Interest rate swap 1,712 1,075
Deferred financing costs, less accumulated amortization of $11,048 and $10,479 as of March 31, 2013 and December 31, 2012, respectively 5,908 6,454
Deferred lease costs, less accumulated amortization of $118,673 and $112,289 as of March 31, 2013 and December 31, 2012, respectively 271,337 240,140
Other assets held for sale, net 5,646 5,227
Total assets 4,538,661 4,254,875
Liabilities:    
Line of credit and notes payable 1,699,525 1,416,525
Accounts payable, accrued expenses, and accrued capital expenditures 139,273 127,263
Deferred income 23,585 21,552
Intangible lease liabilities, less accumulated amortization of $40,744 and $40,931 as of March 31, 2013 and December 31, 2012, respectively 45,215 40,805
Interest rate swaps 8,443 8,235
Total liabilities 1,916,041 1,614,380
Commitments and Contingencies 0 0
Stockholders' Equity:    
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of March 31, 2013 or December 31, 2012 0 0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of March 31, 2013 or December 31, 2012 0 0
Common stock, $.01 par value, 750,000,000 shares authorized; 167,555,401 and 167,556,001 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively. 1,676 1,676
Additional paid-in capital 3,667,614 3,667,051
Cumulative distributions in excess of earnings (1,041,552) (1,022,681)
Other comprehensive loss (6,731) (7,160)
Piedmont stockholders’ equity 2,621,007 2,638,886
Noncontrolling interest 1,613 1,609
Total stockholders’ equity 2,622,620 2,640,495
Total liabilities and stockholders’ equity $ 4,538,661 $ 4,254,875