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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental and tenant reimbursement revenue $ 128,280 $ 130,579 $ 391,681 $ 382,213
Total revenues 131,693 135,421 403,495 399,025
Expenses:        
Property operating costs 53,293 54,613 159,631 158,798
Depreciation 28,255 27,131 83,339 80,004
Amortization 22,990 19,505 70,970 55,666
Impairment loss on real estate assets 0 1,953 0 1,953
General and administrative 5,469 7,950 20,049 29,736
Expenses 110,007 111,152 333,989 326,157
Other income (expense):        
Interest expense (12,725) (16,145) (41,942) (46,750)
Other income 319 263 817 1,292
Loss on early extinguishment of debt 0 0 (9,336) 0
Gain/(loss) on sale of real estate assets (340) 32 191,032 39,370
Nonoperating income (expense) (12,746) (15,850) 140,571 (6,088)
Net income 8,940 8,419 210,077 66,780
Net loss applicable to noncontrolling interest 3 3 2 3
Net income applicable to Piedmont $ 8,943 $ 8,422 $ 210,079 $ 66,783
Per share information – basic:        
Net income applicable to common stockholders (in dollars per share) $ 0.07 $ 0.07 $ 1.67 $ 0.53
Per share information – diluted:        
Net income applicable to common stockholders (in dollars per share) $ 0.07 $ 0.07 $ 1.66 $ 0.53
Weighted-average common shares outstanding – basic (in shares) 126,028,762 125,783,408 125,955,097 125,684,202
Weighted-average common shares outstanding – diluted (in shares) 126,385,035 126,239,744 126,302,051 126,189,851
Property management fee revenue        
Revenues:        
Property management and other property related revenue $ 751 $ 405 $ 2,146 $ 2,819
Other property related income        
Revenues:        
Property management and other property related revenue $ 2,662 $ 4,437 $ 9,668 $ 13,993