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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets:    
Land $ 688,761 $ 629,536
Buildings and improvements, less accumulated depreciation of $979,934 and $883,957 as of December 31, 2013 and December 31, 2012, respectively 3,164,575 2,908,078
Intangible lease assets, less accumulated amortization of $71,820 and $67,940 as of December 31, 2013 and December 31, 2012, respectively 74,377 54,745
Construction in progress 24,270 20,373
Total real estate assets 3,951,983 3,612,732
Investments in unconsolidated joint ventures 14,122 37,226
Cash and cash equivalents 6,973 12,957
Tenant receivables, net of allowance for doubtful accounts of $346 and $346 as of December 31, 2013 and December 31, 2012, respectively 31,145 25,038
Straight-line rent receivables 139,406 122,299
Due from unconsolidated joint ventures 266 463
Restricted cash and escrows 394 334
Prepaid expenses and other assets 24,771 21,283
Goodwill 180,097 180,097
Interest rate swaps 24,176 1,075
Deferred financing costs, less accumulated amortization of $13,041 and $10,479 as of December 31, 2013 and December 31, 2012, respectively 8,759 6,454
Deferred lease costs, less accumulated amortization of $126,465 and $108,380 as of December 31, 2013 and December 31, 2012, respectively 283,996 234,917
Total assets 4,666,088 4,254,875
Liabilities:    
Unsecured debt 1,014,680 429,000
Secured debt 987,525 987,525
Accounts payable, accrued expenses, and accrued capital expenditures 128,818 127,263
Deferred income 22,267 21,552
Intangible lease liabilities, less accumulated amortization of $44,256 and $40,931 as of December 31, 2013 and December 31, 2012, respectively 47,113 40,805
Interest rate swaps 4,526 8,235
Total liabilities 2,204,929 1,614,380
Commitments and Contingencies 0 0
Stockholders' Equity:    
Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2013 or December 31, 2012 0 0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2013 or December 31, 2012 0 0
Common stock, $.01 par value; 750,000,000 shares authorized, 157,460,903 shares issued and outstanding as of December 31, 2013; and 167,556,001 shares issued and outstanding at December 31, 2012 1,575 1,676
Additional paid-in capital 3,668,906 3,667,051
Cumulative distributions in excess of earnings (1,231,209) (1,022,681)
Other comprehensive income/(loss) 20,278 (7,160)
Piedmont stockholders’ equity 2,459,550 2,638,886
Noncontrolling interest 1,609 1,609
Total stockholders’ equity 2,461,159 2,640,495
Total liabilities and stockholders’ equity $ 4,666,088 $ 4,254,875