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Guarantor and Non-Guarantor Financial Information (Tables)
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
As of September 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Assets:
Real estate assets, at cost:
Land$—  $36,094  $470,346  $—  $506,440  
Buildings and improvements, less accumulated depreciation
—  186,269  2,141,086  (300) 2,327,055  
Intangible lease assets, less accumulated amortization
—  —  88,371  —  88,371  
Construction in progress—  1,058  12,808  —  13,866  
Real estate assets held for sale, net—  —  213,094  —  213,094  
Total real estate assets
—  223,421  2,925,705  (300) 3,148,826  
Cash and cash equivalents150  5,758  4,376  —  10,284  
Tenant and straight-line rent receivables
—  16,514  140,774  —  157,288  
Investment in subsidiaries1,681,492  3,037,093  162  (4,718,747) —  
Notes receivable—  810  144,500  (145,310) —  
Prepaid expenses, restricted cash, escrows, interest rate swaps, and other assets
35  6,227  22,710  (9) 28,963  
Goodwill—  98,918  —  —  98,918  
Deferred lease costs, net
—  16,567  251,049  —  267,616  
Other assets held for sale, net—  40,036  —  40,036  
Total assets
$1,681,677  $3,405,308  $3,529,312  $(4,864,366) $3,751,931  
Liabilities:
Debt, net$—  $1,689,749  $334,805  $(145,310) $1,879,244  
Accounts payable, accrued expenses, and accrued capital expenditures
894  16,054  97,873  (9) 114,812  
Deferred income—  3,693  24,292  —  27,985  
Intangible lease liabilities, net
—  —  34,970  —  34,970  
Interest rate swaps—  6,862  —  —  6,862  
Liabilities held for sale—  —  7,275  —  7,275  
Total liabilities
894  1,716,358  499,215  (145,319) 2,071,148  
Equity:
Total stockholders’ equity
1,680,783  1,688,950  3,030,097  (4,719,047) 1,680,783  
Total liabilities and stockholders’ equity
$1,681,677  $3,405,308  $3,529,312  $(4,864,366) $3,751,931  
Condensed Consolidating Balance Sheets
As of December 31, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Assets:
Real estate assets, at cost:
Land$—  $36,094  $434,338  $—  $470,432  
Buildings and improvements, less accumulated depreciation
—  176,927  1,944,943  (300) 2,121,570  
Intangible lease assets, less accumulated amortization
—  —  77,676  —  77,676  
Construction in progress—  5,708  10,140  —  15,848  
Real estate assets held for sale, net—  —  331,068  —  331,068  
Total real estate assets
—  218,729  2,798,165  (300) 3,016,594  
Cash and cash equivalents150  —  4,939  (518) 4,571  
Tenant and straight-line rent receivables
—  16,143  131,419  —  147,562  
Investment in subsidiaries1,744,122  2,704,337  166  (4,448,625) —  
Notes receivable—  810  144,500  (145,310) —  
Prepaid expenses, restricted cash, escrows, interest rate swaps, and other assets42  5,682  21,653  (24) 27,353  
Goodwill—  98,918  —  —  98,918  
Deferred lease costs, net
—  15,158  221,040  —  236,198  
Other assets held for sale, net—  —  61,233  —  61,233  
Total assets
$1,744,314  $3,059,777  $3,383,115  $(4,594,777) $3,592,429  
Liabilities:
Debt, net$—  $1,495,065  $335,717  $(145,310) $1,685,472  
Accounts payable, accrued expenses, dividends payable, interest rate swaps and accrued capital expenditures32,174  15,382  74,536  (542) 121,550  
Deferred income—  2,274  26,505  —  28,779  
Intangible lease liabilities, net
—  —  35,708  —  35,708  
Liabilities held for sale—  —  8,780  —  8,780  
Total liabilities
32,174  1,512,721  481,246  (145,852) 1,880,289  
Equity:
Total stockholders’ equity
1,712,140  1,547,056  2,901,869  (4,448,925) 1,712,140  
Total liabilities and stockholders’ equity
$1,744,314  $3,059,777  $3,383,115  $(4,594,777) $3,592,429  
Consolidating Statements of Income
Consolidating Statements of Income
For the Three Months Ended September 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$—  $11,940  $119,385  $(746) $130,579  
Property management fee revenue
—  —  4,622  (4,217) 405  
Other property related income
—  40  4,397  —  4,437  
—  11,980  128,404  (4,963) 135,421  
Expenses:
Property operating costs
36  5,507  54,033  (4,963) 54,613  
Depreciation
—  3,062  24,069  —  27,131  
Amortization
—  486  19,019  —  19,505  
Impairment loss on real estate assets
—  —  1,953  —  1,953  
General and administrative
(30) 1,547  6,433  —  7,950  
6  10,602  105,507  (4,963) 111,152  
Other income (expense):
Interest expense
—  (14,429) (3,610) 1,894  (16,145) 
Other income/(expense)
—  16  2,141  (1,894) 263  
Gain on sale of real estate assets
—  —  32  —  32  
Income/(loss) before consolidated subsidiaries
(6) (13,035) 21,460  —  8,419  
Income from subsidiaries
8,428  22,929  —  (31,357) —  
Net income8,422  9,894  21,460  (31,357) 8,419  
Plus: Net loss applicable to noncontrolling interest
—  —  3  —  3  
Net income applicable to Piedmont
$8,422  $9,894  $21,463  $(31,357) $8,422  
Consolidating Statements of Income
Consolidating Statements of Income
For the Three Months Ended September 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$—  $10,861  $114,351  $(694) $124,518  
Property management fee revenue
—  —  4,296  (3,928) 368  
Other property related income
—  35  4,787  —  4,822  
—  10,896  123,434  (4,622) 129,708  
Expenses:
Property operating costs
—  4,973  49,328  (4,622) 49,679  
Depreciation
—  2,816  24,036  —  26,852  
Amortization
—  446  14,394  —  14,840  
General and administrative
42  1,424  5,211  —  6,677  
42  9,659  92,969  (4,622) 98,048  
Other income (expense):
Interest expense
—  (14,119) (3,624) 1,894  (15,849) 
Other income/(expense)
—  40  2,157  (1,894) 303  
—  (14,079) (1,467) —  (15,546) 
Income/(loss) before consolidated subsidiaries(42) (12,842) 28,998  —  16,114  
Income from subsidiaries
16,156  26,787  —  (42,943) —  
Net income16,114  13,945  28,998  (42,943) 16,114  
Plus: Net loss applicable to noncontrolling interest
—  —  —  —  —  
Net income applicable to Piedmont
$16,114  $13,945  $28,998  $(42,943) $16,114  
Consolidating Statements of Income
Consolidating Statements of Income
For the Nine Months Ended September 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$—  $34,477  $349,886  $(2,150) $382,213  
Property management fee revenue
—  —  14,961  (12,142) 2,819  
Other property related income
—  117  13,876  —  13,993  
—  34,594  378,723  (14,292) 399,025  
Expenses:
Property operating costs
36  15,848  157,206  (14,292) 158,798  
Depreciation
—  9,041  70,963  —  80,004  
Amortization
—  1,435  54,231  —  55,666  
Impairment loss on real estate assets
—  —  1,953  —  1,953  
General and administrative
165  4,874  24,697  —  29,736  
201  31,198  309,050  (14,292) 326,157  
Other income (expense):
Interest expense
—  (41,590) (10,801) 5,641  (46,750) 
Other income/(expense)
—  125  6,808  (5,641) 1,292  
Gain on sale of real estate assets
—  128  39,242  —  39,370  
—  (41,337) 35,249  —  (6,088) 
Income/(loss) before consolidated subsidiaries
(201) (37,941) 104,922  —  66,780  
Income from subsidiaries
66,984  72,012  —  (138,996) —  
Net income66,783  34,071  104,922  (138,996) 66,780  
Plus: Net loss applicable to noncontrolling interest
—  —  3  —  3  
Net income applicable to Piedmont
$66,783  $34,071  $104,925  $(138,996) $66,783  
Consolidating Statements of Income
For the Nine Months Ended September 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$—  $33,754  $340,539  $(1,802) $372,491  
Property management fee revenue
—  —  12,625  (11,566) 1,059  
Other property related income
—  92  15,140  —  15,232  
—  33,846  368,304  (13,368) 388,782  
Expenses:
Property operating costs
—  14,614  152,929  (13,368) 154,175  
Depreciation
—  8,527  72,585  —  81,112  
Amortization
—  1,520  45,298  —  46,818  
General and administrative
228  4,849  16,410  —  21,487  
228  29,510  287,222  (13,368) 303,592  
Other income (expense):
Interest expense
—  (40,093) (10,937) 5,736  (45,294) 
Other income/(expense)
—  200  7,016  (5,736) 1,480  
Loss on extinguishment of debt
—  (1,680) —  —  (1,680) 
Gain on sale of real estate assets
—  1,417  43,769  —  45,186  
—  (40,156) 39,848  —  (308) 
Income/(loss) before consolidated subsidiaries(228) (35,820) 120,930  —  84,882  
Income from subsidiaries
85,114  119,013  —  (204,127) —  
Net income84,886  83,193  120,930  (204,127) 84,882  
Plus: Net loss applicable to noncontrolling interest
—  —  4  —  4  
Net income applicable to Piedmont
$84,886  $83,193  $120,934  $(204,127) $84,886  
Consolidating Statements of Comprehensive Income
Consolidating Statements of Comprehensive Income
For the Three Months Ended September 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$8,422  $9,894  $21,463  $(31,357) $8,422  
Other comprehensive loss:
Effective portion of loss on derivative instruments that are designated and qualify as cash flow hedges
(1,386) (1,386) —  1,386  (1,386) 
Less: Reclassification of net gain included in net income
(427) (427) —  427  (427) 
Other comprehensive loss(1,813) (1,813) —  1,813  (1,813) 
Comprehensive income$6,609  $8,081  $21,463  $(29,544) $6,609  


Consolidating Statements of Comprehensive Income
For the Three Months Ended September 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$16,114  $13,945  $28,998  $(42,943) $16,114  
Other comprehensive income:
Effective portion of gain on derivative instruments that are designated and qualify as cash flow hedges
1,144  1,144  —  (1,144) 1,144  
Less: Reclassification of net gain included in net income
(434) (434) —  434  (434) 
Other comprehensive income710  710  —  (710) 710  
Comprehensive income$16,824  $14,655  $28,998  $(43,653) $16,824  
Consolidating Statements of Comprehensive Income
Consolidating Statements of Comprehensive Income
For the Nine Months Ended September 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$66,783  $34,071  $104,925  $(138,996) $66,783  
Other comprehensive loss:
Effective portion of loss on derivative instruments that are designated and qualify as cash flow hedges
(6,874) (6,874) —  6,874  (6,874) 
Less: Reclassification of net gain included in net income
(1,871) (1,871) —  1,871  (1,871) 
Other comprehensive loss(8,745) (8,745) —  8,745  (8,745) 
Comprehensive income$58,038  $25,326  $104,925  $(130,251) $58,038  


Consolidating Statements of Comprehensive Income
For the Nine Months Ended September 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$84,886  $83,193  $120,934  $(204,127) $84,886  
Other comprehensive income:
Effective portion of gain on derivative instruments that are designated and qualify as cash flow hedges
4,408  4,408  —  (4,408) 4,408  
Plus: Reclassification of net loss included in net income
373  373  —  (373) 373  
Other comprehensive income4,781  4,781  —  (4,781) 4,781  
Comprehensive income$89,667  $87,974  $120,934  $(208,908) $89,667  
Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows
For the Nine Months Ended September 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net Cash Provided by Operating Activities
$72,694  $43,676  $182,344  $(138,471) $160,243  
Cash Flows from Investing Activities:
Investment in real estate assets and intangibles
—  (13,561) (369,951) —  (383,512) 
Net sales proceeds from wholly-owned properties
—  128  180,847  —  180,975  
Deferred lease costs paid—  (1,210) (15,422) —  (16,632) 
Distributions from subsidiaries54,151  215,231  —  (269,382) —  
Net cash provided by/(used in) investing activities
54,151  200,588  (204,526) (269,382) (219,169) 
Cash Flows from Financing Activities:
Debt issuance and other costs paid—  (91) —  —  (91) 
Proceeds from debt—  550,000  —  —  550,000  
Repayments of debt—  (357,000) (1,041) —  (358,041) 
Costs of issuance of common stock(259) —  —  —  (259) 
Value of shares withheld to pay tax obligations related to employee stock compensation
(3,295) —  —  —  (3,295) 
Repurchases of common stock as part of announced plan
(16,899) —  —  —  (16,899) 
Distributions(106,392) (431,416) 23,018  408,371  (106,419) 
Net cash provided by/(used in) financing activities
(126,845) (238,507) 21,977  408,371  64,996  
Net increase/(decrease) in cash, cash equivalents, and restricted cash and escrows
—  5,757  (205) 518  6,070  
Cash, cash equivalents, and restricted cash and escrows, beginning of period
150  32  6,370  (518) 6,034  
Cash, cash equivalents, and restricted cash and escrows, end of period
$150  $5,789  $6,165  $—  $12,104  
Condensed Consolidating Statements of Cash Flows
For the Nine Months Ended September 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net Cash Provided by Operating Activities
$89,540  $89,639  $164,063  $(204,920) $138,322  
Cash Flows from Investing Activities:
Investment in real estate assets and intangibles
—  (6,074) (67,100) —  (73,174) 
Intercompany note receivable
—  88,000  —  (88,000) —  
Net sales proceeds from wholly-owned properties
—  36,572  382,982  —  419,554  
Note receivable issuance—  —  (3,200) —  (3,200) 
Deferred lease costs paid
—  (1,826) (14,005) —  (15,831) 
Distributions from subsidiaries362,784  64,633  —  (427,417) —  
Net cash provided by investing activities
362,784  181,305  298,677  (515,417) 327,349  
Cash Flows from Financing Activities:
Debt issuance costs paid—  (947) —  —  (947) 
Proceeds from debt—  820,061  —  —  820,061  
Repayments of debt—  (832,000) (1,005) —  (833,005) 
Intercompany note payable—  —  (88,000) 88,000  —  
Value of shares withheld to pay tax obligations related to employee stock compensation
(2,219) —  —  —  (2,219) 
Repurchases of common stock as part of announced plan
(266,062) —  —  —  (266,062) 
Distributions
(184,043) (258,907) (373,460) 632,337  (184,073) 
Net cash used in financing activities
(452,324) (271,793) (462,465) 720,337  (466,245) 
Net increase/(decrease) in cash, cash equivalents, and restricted cash and escrows
—  (849) 275  —  (574) 
Cash, cash equivalents, and restricted cash and escrows, beginning of period
150  3,906  4,699  —  8,755  
Cash, cash equivalents, and restricted cash and escrows, end of period
$150  $3,057  $4,974  $—  $8,181