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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rental income $ 101,348 $ 108,868 $ 304,280 $ 345,399
Tenant reimbursements 23,170 24,253 68,211 73,375
Total revenues 129,708 137,587 388,782 434,729
Expenses:        
Property operating costs 49,679 54,518 154,175 166,635
Depreciation 26,852 30,000 81,112 90,827
Amortization 14,840 18,123 46,818 57,852
General and administrative 6,677 6,190 21,487 21,868
Operating expenses 98,048 108,831 303,592 337,182
Real estate operating income 31,660 28,756 85,190 97,547
Other income (expense):        
Interest expense (15,849) (16,183) (45,294) (52,661)
Other income 303 290 1,480 228
Equity in income of unconsolidated joint ventures 0 3,754 0 3,872
Loss on extinguishment of debt 0 0 (1,680) 0
Gain on sale of real estate assets 0 109,512 45,186 115,951
Net income 16,114 126,129 84,882 164,937
Plus: Net loss applicable to noncontrolling interest 0 4 4 10
Net income applicable to Piedmont $ 16,114 $ 126,133 $ 84,886 $ 164,947
Per share information – basic and diluted:        
Net income applicable to common stockholders (in usd per share) $ 0.13 $ 0.87 $ 0.65 $ 1.13
Weighted-average common shares outstanding – basic (in shares) 128,371,062 145,415,678 130,837,223 145,372,182
Weighted-average common shares outstanding – diluted (in shares) 128,818,658 145,719,431 131,187,127 145,679,582
Property management fee revenue        
Revenues:        
Property management and other property related revenue $ 368 $ 454 $ 1,059 $ 1,379
Other property related income        
Revenues:        
Property management and other property related revenue $ 4,822 $ 4,012 $ 15,232 $ 14,576