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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental and tenant reimbursement revenue $ 130,579 $ 124,518 $ 382,213 $ 372,491
Total revenues 135,421 129,708 399,025 388,782
Expenses:        
Property operating costs 54,613 49,679 158,798 154,175
Depreciation 27,131 26,852 80,004 81,112
Amortization 19,505 14,840 55,666 46,818
Impairment loss on real estate assets 1,953 0 1,953 0
General and administrative 7,950 6,677 29,736 21,487
Operating expenses 111,152 98,048 326,157 303,592
Other income (expense):        
Interest expense (16,145) (15,849) (46,750) (45,294)
Other income 263 303 1,292 1,480
Loss on extinguishment of debt 0 0 0 (1,680)
Gain on sale of real estate assets 32 0 39,370 45,186
Nonoperating income (expense) (15,850) (15,546) (6,088) (308)
Net income 8,419 16,114 66,780 84,882
Net loss applicable to noncontrolling interest 3 0 3 4
Net income applicable to Piedmont $ 8,422 $ 16,114 $ 66,783 $ 84,886
Per share information – basic:        
Net income applicable to common stockholders (in dollars per share) $ 0.07 $ 0.13 $ 0.53 $ 0.65
Per share information – diluted:        
Net income applicable to common stockholders (in dollars per share) $ 0.07 $ 0.13 $ 0.53 $ 0.65
Weighted-average common shares outstanding – basic (in shares) 125,783,408 128,371,062 125,684,202 130,837,223
Weighted-average common shares outstanding – diluted (in shares) 126,239,744 128,818,658 126,189,851 131,187,127
Property management fee revenue        
Revenues:        
Property management and other property related revenue $ 405 $ 368 $ 2,819 $ 1,059
Other property related income        
Revenues:        
Property management and other property related revenue $ 4,437 $ 4,822 $ 13,993 $ 15,232