CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Real estate assets, at cost:
Land	$ 567,244	$ 567,244
Buildings and improvements, less accumulated depreciation of $947,209 and $915,010 as of March 31, 2023 and December 31, 2022, respectively	2,767,363	2,766,990
Intangible lease assets, less accumulated amortization of $83,997 and $90,694 as of March 31, 2023 and December 31, 2022, respectively	106,183	114,380
Construction in progress	46,007	52,010
Total real estate assets	3,486,797	3,500,624
Cash and cash equivalents	170,593	16,536
Tenant receivables, net of allowance for doubtful accounts of $600 and $1,000 as of March 31, 2023 and December 31, 2022, respectively	6,280	4,762
Straight-line rent receivables	176,320	172,019
Restricted cash and escrows	4,183	3,064
Prepaid expenses and other assets	26,810	17,152
Goodwill	82,937	82,937
Interest rate swaps	2,899	4,183
Deferred lease costs, less accumulated amortization of $206,053 and $221,731 as of March 31, 2023 and December 31, 2022, respectively	280,641	284,248
Total assets	4,237,460	4,085,525
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $14,045 and $13,319 as of March 31, 2023 and December 31, 2022, respectively	2,000,955	1,786,681
Secured debt	197,000	197,000
Accounts payable, accrued expenses and accrued capital expenditures	98,464	110,306
Dividends payable	0	25,357
Deferred income	67,056	59,977
Intangible lease liabilities, less accumulated amortization of $35,789 and $36,423 as of March 31, 2023 and December 31, 2022, respectively	53,494	56,949
Interest rate swaps	394	0
Total liabilities	2,417,363	2,236,270
Commitments and Contingencies (Note 6)	0	0
Stockholders’ Equity:
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of March 31, 2023 or December 31, 2022	0	0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of March 31, 2023 or December 31, 2022	0	0
Common stock, $0.01 par value, 750,000,000 shares authorized; 123,642,953 and 123,439,558 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	1,236	1,234
Additional paid-in capital	3,710,767	3,711,005
Cumulative distributions in excess of earnings	(1,883,225)	(1,855,893)
Accumulated other comprehensive loss	(10,266)	(8,679)
Piedmont stockholders’ equity	1,818,512	1,847,667
Noncontrolling interest	1,585	1,588
Total stockholders’ equity	1,820,097	1,849,255
Total liabilities and stockholders’ equity	$ 4,237,460	$ 4,085,525