Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (unaudited)

Quarterly Results (unaudited)

A summary of the unaudited quarterly financial information for the years ended December 31, 2016 and 2015, is presented below (in thousands, except per-share data):

	2016
	First			Second			Third			Fourth
Revenues	$	138,012		$	135,307		$	138,485		$	143,911
Real estate operating income	$	26,372		$	17,433		$	3,349		$	26,633
Income/(loss) from continuing operations	$	10,396		$	1,090		$	(12,705	)	$	10,529
Income/(loss) from discontinued operations	$	—		$	(1	)	$	1		$	—
Gain/(loss) on sale of real estate assets	$	(20	)	$	78,987		$	(57	)	$	19,652
Net income/(loss) applicable to Piedmont	$	10,372		$	80,072		$	(12,746	)	$	30,189
Basic and diluted earnings/(loss) per share	$	0.07		$	0.55		$	(0.09	)	$	0.21
Dividends declared per share	$	0.21		$	0.21		$	0.21		$	0.21

	2015
	First		Second			Third			Fourth
Revenues	$	149,759	$	146,734		$	148,815		$	139,461
Real estate operating income/(loss)	$	28,214	$	20,824		$	(1,133	)	$	28,938
Income/(loss) from continuing operations	$	9,176	$	3,372		$	(19,027	)	$	11,164
Income/(loss) from discontinued operations	$	—	$	(3	)	$	14		$	72
Gain on sale of real estate assets	$	10,073	$	26,611		$	17,142		$	114,411
Net income/(loss) applicable to Piedmont	$	19,245	$	29,976		$	(1,875	)	$	125,644
Basic and diluted earnings/(loss) per share	$	0.12	$	0.20		$	(0.01	)	$	0.84
Dividends declared per share	$	0.21	$	0.21		$	0.21		$	0.21