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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental and tenant reimbursement revenue $ 139,572 $ 127,427 $ 403,635 $ 380,306
Total revenues 144,100 131,071 416,558 390,546
Expenses:        
Property operating costs 59,039 51,767 166,295 154,849
Depreciation 34,941 30,562 98,828 88,663
Amortization 23,290 20,373 67,022 63,978
General and administrative 6,590 6,955 21,212 22,417
Expenses 123,860 109,657 353,357 329,907
Other income (expense):        
Interest expense (17,244) (12,450) (44,917) (37,375)
Other income 335 2,337 2,302 7,324
Gain on sale of real estate assets 0 0 50,674 0
Nonoperating income (expense) (16,909) (10,113) 8,059 (30,051)
Net income 3,331 11,301 71,260 30,588
Net loss applicable to noncontrolling interest 0 5 1 9
Net income applicable to Piedmont $ 3,331 $ 11,306 $ 71,261 $ 30,597
Per share information – basic and diluted:        
Net income applicable to common stockholders - basic (in dollars per share) $ 0.03 $ 0.09 $ 0.58 $ 0.25
Net income applicable to common stockholders - diluted (in dollars per share) $ 0.03 $ 0.09 $ 0.58 $ 0.25
Weighted-average common shares outstanding – basic (in shares) 123,395,381 124,135,556 123,329,626 124,056,908
Weighted-average common shares outstanding – diluted (in shares) 123,697,455 124,627,409 123,630,501 124,471,786
Property management fee revenue        
Revenues:        
Property management fee revenue and other property related income $ 303 $ 626 $ 1,280 $ 1,920
Other property related income        
Revenues:        
Property management fee revenue and other property related income $ 4,225 $ 3,018 $ 11,643 $ 8,320