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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Land $ 614,934 $ 617,138
Buildings and improvements, less accumulated depreciation of $896,964 and $856,254 as of June 30, 2017 and December 31, 2016, respectively 2,742,327 2,754,106
Intangible lease assets, less accumulated amortization of $94,551 and $109,152 as of June 30, 2017 and December 31, 2016, respectively 84,989 99,695
Construction in progress 15,651 34,814
Real estate assets held for sale, net 225,071 225,939
Total real estate assets 3,682,972 3,731,692
Investments in and amounts due from unconsolidated joint ventures 7,762 7,360
Cash and cash equivalents 9,596 6,992
Tenant receivables, net of allowance for doubtful accounts of $587 and $197 as of June 30, 2017 and December 31, 2016, respectively 24,269 26,494
Straight-line rent receivables 177,463 163,789
Restricted cash and escrows 1,290 1,212
Prepaid expenses and other assets 29,454 23,201
Goodwill 98,918 98,918
Deferred lease costs, less accumulated amortization of $187,122 and $175,643 as of June 30, 2017 and December 31, 2016, respectively 278,366 298,695
Other assets held for sale, net 10,222 9,815
Total assets 4,320,312 4,368,168
Liabilities:    
Unsecured debt, net of discount and unamortized debt issuance costs of $9,014 and $10,269 as of June 30, 2017 and December 31, 2016, respectively 1,720,986 1,687,731
Secured debt, net of premiums and unamortized debt issuance costs of $1,063 and $1,161 as of June 30, 2017 and December 31, 2016, respectively 332,196 332,744
Accounts payable, accrued expenses, and accrued capital expenditures 111,011 165,410
Deferred income 27,416 28,406
Intangible lease liabilities, less accumulated amortization of $52,751 and $49,225 as of June 30, 2017 and December 31, 2016, respectively 43,328 48,005
Interest rate swaps 5,061 8,169
Total liabilities 2,239,998 2,270,465
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of June 30, 2017 or December 31, 2016 0 0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of June 30, 2017 or December 31, 2016 0 0
Common stock, $.01 par value, 750,000,000 shares authorized; 145,489,845 and 145,235,313 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 1,455 1,452
Additional paid-in capital 3,675,562 3,673,128
Cumulative distributions in excess of earnings (1,603,119) (1,580,863)
Other comprehensive income 4,547 2,104
Piedmont stockholders’ equity 2,078,445 2,095,821
Noncontrolling interest 1,869 1,882
Total stockholders’ equity 2,080,314 2,097,703
Total liabilities and stockholders’ equity $ 4,320,312 $ 4,368,168