Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Revenue and Net Operating Income, by Segment

The following table presents accrual-based lease revenue and other property related income included in NOI by geographic reportable segment (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Dallas	$	26,478	$	26,621	$	82,903	$	74,645
Atlanta	23,795		23,977		69,644		71,344
Boston	16,992		15,416		48,226		46,019
Washington, D.C.	15,654		15,820		44,937		46,217
Minneapolis	15,788		15,316		46,142		45,959
Orlando	13,074		12,954		41,453		39,881
New York	12,845		16,390		39,329		55,030
Total reportable segments	124,626		126,494		372,634		379,095
Corporate and other	6,445		5,199		17,912		24,400
Total Revenues	$	131,071	$	131,693	$	390,546	$	403,495

The following table presents NOI by geographic reportable segment (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Dallas	$	16,246	$	15,549	$	50,267	$	43,936
Atlanta	15,127		15,309		44,725		45,243
Boston	12,058		10,575		33,829		31,825
Washington, D.C.	9,802		10,043		27,460		29,479
Minneapolis	8,089		8,632		24,556		25,397
Orlando	7,656		7,867		25,743		24,839
New York	7,502		8,582		22,636		31,040
Total reportable segments	76,480		76,557		229,216		231,759
Corporate and other	2,731		1,636		6,436		11,654
Total NOI	$	79,211	$	78,193	$	235,652	$	243,413

A reconciliation of Net income applicable to Piedmont to NOI is presented below (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Net income applicable to Piedmont	$	11,306	$	8,943	$	30,597	$	210,079
Management fee revenue (1)	(309)		(422)		(946)		(1,098)
Depreciation and amortization	50,935		51,245		152,641		154,309
General and administrative expenses	6,955		5,469		22,417		20,049
Interest expense	12,450		12,725		37,375		41,942
Other income	(2,121)		(104)		(6,423)		(170)
Loss on extinguishment of debt	—		—		—		9,336
Gain on sale of real estate assets	—		340		—		(191,032)
Net loss applicable to noncontrolling interests	(5)		(3)		(9)		(2)
NOI	$	79,211	$	78,193	$	235,652	$	243,413

(1)Presented net of related operating expenses incurred to earn such management fee revenue. Such operating expenses are a component of property operating costs in the accompanying consolidated statements of income.