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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental income $ 101,478 $ 118,492 $ 202,932 $ 236,531
Tenant reimbursements 22,047 24,285 45,041 49,122
Property management fee revenue 382 400 691 925
Other property related income 5,267 5,502 10,410 10,564
Total revenues 129,174 148,679 259,074 297,142
Expenses:        
Property operating costs 52,637 56,287 104,496 112,117
Depreciation 27,115 30,059 54,260 60,827
Amortization 15,245 19,314 31,978 39,729
General and administrative 8,258 7,528 14,810 15,678
Operating expenses 103,255 113,188 205,544 228,351
Real estate operating income 25,919 35,491 53,530 68,791
Other income (expense):        
Interest expense (15,687) (18,421) (29,445) (36,478)
Other income/(expense) 731 38 1,177 (62)
Equity in income of unconsolidated joint ventures 0 107 0 118
Loss on extinguishment of debt 0 0 (1,680) 0
Gain/(loss) on sale of real estate assets, net (23) 6,492 45,186 6,439
Net income 10,940 23,707 68,768 38,808
Plus: Net loss applicable to noncontrolling interest 2 3 4 6
Net income applicable to Piedmont $ 10,942 $ 23,710 $ 68,772 $ 38,814
Per share information – basic and diluted:        
Net income applicable to common stockholders (in usd per share) $ 0.09 $ 0.16 $ 0.52 $ 0.27
Weighted-average common shares outstanding – basic (in shares) 128,346,433 145,412,524 132,090,741 145,350,074
Weighted-average common shares outstanding – diluted (in shares) 128,700,743 145,813,130 132,431,642 145,779,709