Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Atlanta	$	34,026	$	23,795	$	92,558	$	69,644
Dallas	28,379		26,478		81,881		82,903
Washington, D.C.	15,608		15,654		46,980		44,937
Boston	14,735		16,992		44,797		48,226
Orlando	15,131		13,074		43,513		41,453
New York	14,525		12,845		42,461		39,329
Minneapolis	15,470		15,788		45,987		46,142
Total reportable segments	137,874		124,626		398,177		372,634
Other	6,226		6,445		18,381		17,912
Total Revenues	$	144,100	$	131,071	$	416,558	$	390,546

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

	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Atlanta	$	21,627	$	15,127	$	58,354	$	44,725
Dallas	15,325		16,246		47,189		50,267
Washington, D.C.	9,712		9,802		29,851		27,460
Boston	9,646		12,058		29,922		33,829
Orlando	8,865		7,656		26,206		25,743
New York	7,959		7,502		23,901		22,636
Minneapolis	8,072		8,089		23,950		24,556
Total reportable segments	81,206		76,480		239,373		229,216
Other	3,893		2,731		10,794		6,436
Total NOI	$	85,099	$	79,211	$	250,167	$	235,652

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

	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Net income applicable to Piedmont	$	3,331	$	11,306	$	71,261	$	30,597
Management fee revenue (1)	(177)		(309)		(743)		(946)
Depreciation and amortization	58,230		50,935		165,850		152,641
General and administrative expenses	6,590		6,955		21,212		22,417
Interest expense	17,244		12,450		44,917		37,375
Other income	(119)		(2,121)		(1,655)		(6,423)
Gain on sale of real estate assets	—		—		(50,674)		—
Net loss applicable to noncontrolling interests	—		(5)		(1)		(9)
Total NOI	$	85,099	$	79,211	$	250,167	$	235,652

(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.