XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental and tenant reimbursement revenue $ 132,151 $ 126,967 $ 264,063 $ 252,879
Total revenues 136,309 130,218 272,458 259,475
Expenses:        
Property operating costs 53,634 51,658 107,256 103,082
Depreciation 32,372 29,998 63,887 58,101
Amortization 21,480 20,693 43,732 43,605
General and administrative 7,027 8,211 14,622 15,462
Expenses 114,513 110,560 229,497 220,250
Other income (expense):        
Interest expense (13,775) (12,345) (27,673) (24,925)
Other income/(expense) (57) 2,631 1,967 4,987
Gain on sale of real estate assets 1 0 50,674 0
Nonoperating income (expense) (13,831) (9,714) 24,968 (19,938)
Net income 7,965 9,944 67,929 19,287
Net loss applicable to noncontrolling interest 1 3 1 4
Net income applicable to Piedmont $ 7,966 $ 9,947 $ 67,930 $ 19,291
Per share information – basic:        
Net income applicable to common stockholders (in dollars per share) $ 0.06 $ 0.08 $ 0.55 $ 0.16
Per share information – diluted:        
Net income applicable to common stockholders (in dollars per share) $ 0.06 $ 0.08 $ 0.55 $ 0.15
Weighted-average common shares outstanding – basic (in shares) 123,366,482 124,087,113 123,296,204 124,016,933
Weighted-average common shares outstanding – diluted (in shares) 123,678,553 124,703,911 123,617,272 124,555,274
Property management fee revenue        
Revenues:        
Property management fee revenue and other property related income $ 326 $ 536 $ 977 $ 1,294
Other property related income        
Revenues:        
Property management fee revenue and other property related income $ 3,832 $ 2,715 $ 7,418 $ 5,302