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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Rental and tenant reimbursement revenue $ 127,427 $ 128,280 $ 380,306 $ 391,681
Total revenues 131,071 131,693 390,546 403,495
Expenses:        
Property operating costs 51,767 53,293 154,849 159,631
Depreciation 30,562 28,255 88,663 83,339
Amortization 20,373 22,990 63,978 70,970
General and administrative 6,955 5,469 22,417 20,049
Expenses 109,657 110,007 329,907 333,989
Other income (expense):        
Interest expense (12,450) (12,725) (37,375) (41,942)
Other income 2,337 319 7,324 817
Loss on early extinguishment of debt 0 0 0 (9,336)
Gain/(loss) on sale of real estate assets 0 (340) 0 191,032
Nonoperating income (expense) (10,113) (12,746) (30,051) 140,571
Net income 11,301 8,940 30,588 210,077
Net loss applicable to noncontrolling interest 5 3 9 2
Net income applicable to Piedmont $ 11,306 $ 8,943 $ 30,597 $ 210,079
Per share information – basic:        
Net income applicable to common stockholders (in dollars per share) $ 0.09 $ 0.07 $ 0.25 $ 1.67
Per share information – diluted:        
Net income applicable to common stockholders (in dollars per share) $ 0.09 $ 0.07 $ 0.25 $ 1.66
Weighted-average common shares outstanding – basic (in shares) 124,135,556 126,028,762 124,056,908 125,955,097
Weighted-average common shares outstanding – diluted (in shares) 124,627,409 126,385,035 124,471,786 126,302,051
Property management fee revenue        
Revenues:        
Property management and other property related revenue $ 626 $ 751 $ 1,920 $ 2,146
Other property related income        
Revenues:        
Property management and other property related revenue $ 3,018 $ 2,662 $ 8,320 $ 9,668