XML 92 R74.htm IDEA: XBRL DOCUMENT v3.7.0.1
Quarterly Results (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Statement of Income Data:                                
Revenues $ 143,911 $ 138,485 $ 135,307 $ 138,012 $ 139,461 $ 148,815 $ 146,734 $ 149,759 $ 146,711 $ 144,641 $ 138,580 $ 136,320 $ 555,715 $ 584,769 $ 566,252  
Impairment loss on real estate assets 0 22,951 10,950 0 0 37,105 6,196 0         33,901 [1] 43,301 [1] 0 [1]  
Real estate operating income 26,633 2,988 14,791 26,372 28,938 (3,424) 19,983 28,214 28,789 27,199 26,556 25,277 70,784 73,711 107,821  
Income/(loss) from continuing operations 10,529 (13,065) (1,553) 10,396 11,164 (21,318) 2,531 9,176 12,567 9,150 9,325 9,037 6,307 1,553 40,079  
Income/(loss) from discontinued operations 0 1 (1) 0 72 14 (3) 0 (42) 16 882 360 0 83 1,216  
Gain/(loss) on sale of real estate assets 19,652 (57) 73,835 (20) 84,427 14,796 21,520 8,940 (8) 0 878 0 93,410 129,683 870  
Net income 30,181 (13,121) 72,281 10,376 95,663 (6,508) 24,048 18,116 12,517 9,166 11,085 9,397 99,717 131,319 42,165  
Net income applicable to Piedmont $ 30,189 $ (13,107) $ 72,278 $ 10,372 $ 95,660 $ (6,512) $ 24,044 $ 18,112 $ 12,514 $ 9,162 $ 11,081 $ 9,393 $ 99,732 $ 131,304 $ 42,150  
Per share information— basic and diluted:                                
Net income/(loss) applicable to Piedmont $ 0.21 $ (0.09) $ 0.50 $ 0.07 $ 0.65 $ (0.05) $ 0.15 $ 0.12 $ 0.08 $ 0.06 $ 0.07 $ 0.06 $ 0.69 $ 0.87 $ 0.27  
Dividends declared per share $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.2 $ 0.2 $ 0.2        
Balance Sheet Data:                                
Goodwill $ 98,918 $ 98,918 $ 99,278 $ 104,786 $ 104,786 $ 134,770 $ 139,407 $ 145,340         $ 98,918 $ 104,786    
Other assets held for sale, net 0 0 8,761 11,236 10,777 10,038 9,938 9,703         0 10,777    
Total assets 4,368,168 4,307,118 4,217,680 4,281,993 4,361,511 4,689,613 4,735,408 4,780,000         4,368,168 4,361,511    
Debt, net 2,020,475 1,994,078 1,884,314 2,002,918 2,029,510 2,421,099 2,312,804 2,318,717         2,020,475 2,029,510    
Cumulative distributions in excess of earnings (1,580,863) (1,580,553) (1,536,948) (1,578,728) (1,550,698) (1,613,418) (1,465,715) (1,411,258)         (1,580,863) (1,550,698)    
Piedmont stockholders' equity 2,095,821 2,085,906 2,124,870 2,085,610 2,122,395 2,048,669 2,216,423 2,252,423         2,095,821 2,122,395    
Total stockholders' equity 2,097,703 2,087,804 2,125,895 2,086,639 2,123,420 2,049,698 2,217,448 2,253,452 $ 2,280,677       2,097,703 2,123,420 $ 2,280,677 $ 2,431,019
Total liabilities and stockholders' equity $ 4,368,168 $ 4,307,118 $ 4,217,680 $ 4,281,993 $ 4,361,511 $ 4,689,613 $ 4,735,408 $ 4,780,000         $ 4,368,168 $ 4,361,511    
[1] The fair value measurements used in the evaluation of the non-financial assets above are considered to be Level 1 valuations within the fair value hierarchy as defined by GAAP, as there are direct observations and transactions involving the assets by unrelated, third-party purchasers.