XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets:    
Land $ 675,281 $ 627,351
Buildings and improvements, less accumulated depreciation of $955,480 and $877,644 as of September 30, 2013 and December 31, 2012, respectively 3,049,905 2,891,323
Intangible lease assets, less accumulated amortization of $70,744 and $67,940 as of September 30, 2013 and December 31, 2012, respectively 66,870 54,744
Construction in progress 61,162 20,373
Real estate assets held for sale, net 19,734 18,941
Total real estate assets 3,872,952 3,612,732
Investments in unconsolidated joint ventures 18,668 37,226
Cash and cash equivalents 15,972 12,957
Tenant receivables, net of allowance for doubtful accounts of $306 and $346 as of September 30, 2013 and December 31, 2012, respectively 31,006 25,038
Straight-line rent receivables 135,487 121,506
Due from unconsolidated joint ventures 0 463
Restricted cash and escrows 385 334
Prepaid expenses and other assets 17,610 13,022
Goodwill 180,097 180,097
Interest rate swaps 19,192 1,075
Deferred financing costs, less accumulated amortization of $12,365 and $10,479 as of September 30, 2013 and December 31, 2012, respectively 7,990 6,454
Deferred lease costs, less accumulated amortization of $129,998 and $112,496 as of September 30, 2013 and December 31, 2012, respectively 275,234 243,178
Other assets held for sale, net 1,960 793
Total assets 4,576,553 4,254,875
Liabilities:    
Unsecured debt 835,650 429,000
Secured debt 987,525 987,525
Accounts payable, accrued expenses, and accrued capital expenditures 159,675 127,263
Deferred income 26,575 21,552
Intangible lease liabilities, less accumulated amortization of $43,322 and $40,931 as of September 30, 2013 and December 31, 2012, respectively 41,435 40,805
Interest rate swaps 5,010 8,235
Total liabilities 2,055,870 1,614,380
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of September 30, 2013 or December 31, 2012 0 0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of September 30, 2013 or December 31, 2012 0 0
Common stock, $.01 par value, 750,000,000 shares authorized; 161,270,766 and 167,556,001 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively 1,613 1,676
Additional paid-in capital 3,668,424 3,667,051
Cumulative distributions in excess of earnings (1,165,794) (1,022,681)
Other comprehensive income/(loss) 14,827 (7,160)
Piedmont stockholders’ equity 2,519,070 2,638,886
Noncontrolling interest 1,613 1,609
Total stockholders’ equity 2,520,683 2,640,495
Total liabilities and stockholders’ equity $ 4,576,553 $ 4,254,875