Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Atlanta	$	29,264	$	23,145	$	58,532	$	45,849
Dallas	26,417		28,931		53,502		56,425
Washington, D.C.	15,766		14,971		31,372		29,284
Boston	14,696		15,725		30,061		31,234
Orlando	14,476		12,903		28,382		28,380
New York	14,061		13,296		27,936		26,484
Minneapolis	15,408		15,089		30,518		30,354
Total reportable segments	130,088		124,060		260,303		248,010
Other	6,221		6,158		12,155		11,465
Total Revenues	$	136,309	$	130,218	$	272,458	$	259,475

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


	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Atlanta	$	18,172	$	14,703	$	36,727	$	29,598
Dallas	15,764		17,244		31,863		34,020
Washington, D.C.	10,092		9,188		20,139		17,659
Boston	9,803		11,048		20,275		21,771
Orlando	8,842		7,839		17,341		18,088
New York	8,187		7,939		15,943		15,133
Minneapolis	7,964		8,414		15,878		16,467
Total reportable segments	78,824		76,375		158,166		152,736
Other	3,864		2,407		6,902		3,705
Total NOI	$	82,688	$	78,782	$	165,068	$	156,441

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


	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Net income applicable to Piedmont	$	7,966	$	9,947	$	67,930	$	19,291
Management fee revenue (1)	(203)		(247)		(565)		(637)



Depreciation and amortization	53,852		50,691		107,619		101,706



General and administrative expenses	7,027		8,211		14,622		15,462
Interest expense	13,775		12,345		27,673		24,925
Other income	273		(2,162)		(1,536)		(4,302)

Gain on sale of real estate assets	(1)		—		(50,674)		—
Net loss applicable to noncontrolling interests	(1)		(3)		(1)		(4)
NOI	$	82,688	$	78,782	$	165,068	$	156,441

(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.